Wallace Weitz Weitz Investment Management
Wallace Weitz founded Weitz Investment Management and built a long career as a patient, research-driven value investor. The firm is known for concentrated equity portfolios, conservative balance-sheet analysis, and multi-year holding periods. Weitz’s letters and process notes are frequently recommended to investors learning classic U.S. value management.
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
DNB
Dun & Bradstreet
DNB
|
+$28.6M |
| 2 |
Roper Technologies
ROP
|
+$27M |
| 3 |
MarketAxess Holdings
MKTX
|
+$18M |
| 4 |
CoStar Group
CSGP
|
+$5.62M |
| 5 |
Amazon
AMZN
|
+$3.32M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
SUM
Summit Materials, Inc. Class A Common Stock
SUM
|
+$36.4M |
| 2 |
Box
BOX
|
+$28.6M |
| 3 |
Berkshire Hathaway Class B
BRK.B
|
+$17.1M |
| 4 |
Oracle
ORCL
|
+$14.1M |
| 5 |
ACI Worldwide
ACIW
|
+$8.82M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Financials | 30.23% |
| 2 | Communication Services | 25.64% |
| 3 | Technology | 14.1% |
| 4 | Consumer Discretionary | 9.31% |
| 5 | Healthcare | 7.94% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
1
Alphabet (Google) Class C
GOOG
$4.18T
| $150M | 6.33% |
1,197,200
-40,000
| -3% | -$4.77M |
|
|
2
Berkshire Hathaway Class B
BRK.B
$1.06T
| $140M | 5.92% |
505,150
-61,150
| -11% | -$17.1M |
|
|
LBRDK
3
DELISTED
Liberty Broadband Class C
LBRDK
| $107M | 4.51% |
615,000
| – | – |
|
4
Labcorp
LH
$27.3B
| $102M | 4.31% |
430,913
-29,100
| -6% | -$6.63M |
|
5
Aon
AON
$75.3B
| $101M | 4.26% |
422,850
| – | – |
|
6
Meta Platforms (Facebook)
META
$1.4T
| $99.8M | 4.21% |
286,900
| – | – |
|
7
Visa
V
$693B
| $97.2M | 4.1% |
415,500
| – | – |
|
|
SCHW
8
Charles Schwab
SCHW
$194B
| $96.5M | 4.07% |
1,325,000
-85,000
| -6% | -$6.02M |
|
9
Mastercard
MA
$509B
| $87.9M | 3.71% |
240,850
| – | – |
|
|
LSXMK
10
DELISTED
Liberty Media Corporation Series C Liberty SiriusXM Common Stock
LSXMK
| $85M | 3.59% |
2,365,370
-64,550
| -3% | -$2.22M |
|
|
11
CoStar Group
CSGP
$13.1B
| $74.5M | 3.14% |
899,500
+65,000
| +8% | +$5.62M |
|
12
Vulcan Materials
VMC
$35.8B
| $73M | 3.08% |
419,200
-15,000
| -3% | -$2.68M |
|
13
CarMax
KMX
$8.82B
| $71.6M | 3.02% |
554,700
-15,000
| -3% | -$1.85M |
|
14
Markel Group
MKL
$22.2B
| $66.7M | 2.81% |
56,200
-2,000
| -3% | -$2.4M |
|
15
Liberty Global Class C
LBTYK
$3.55B
| $56.9M | 2.4% |
2,106,000
| – | – |
|
16
Fidelity National Information Services
FIS
$21.3B
| $54.1M | 2.28% |
382,000
-10,000
| -3% | -$1.49M |
|
17
AutoZone
AZO
$48.3B
| $52.2M | 2.2% |
34,975
-5,000
| -13% | -$7.25M |
|
|
18
Amazon
AMZN
$2.79T
| $49.9M | 2.1% |
290,000
+20,000
| +7% | +$3.32M |
|
19
Danaher
DHR
$154B
| $44.3M | 1.87% |
186,120
| – | – |
|
20
Thermo Fisher Scientific
TMO
$233B
| $41.9M | 1.77% |
83,000
| – | – |
|
21
Analog Devices
ADI
$182B
| $39.2M | 1.65% |
227,500
-15,000
| -6% | -$2.4M |
|
22
Texas Instruments
TXN
$241B
| $35.6M | 1.5% |
185,200
-5,000
| -3% | -$937K |
|
|
DNB
23
DELISTED
Dun & Bradstreet
DNB
| $33.7M | 1.42% |
1,576,000
+1,276,000
| +425% | +$28.6M |
|
24
LKQ Corp
LKQ
$6.52B
| $32.6M | 1.37% |
662,000
| – | – |
|
|
BKI
25
DELISTED
Black Knight, Inc. Common Stock
BKI
| $32.2M | 1.36% |
413,000
+30,000
| +8% | +$2.22M |
|
Similar funds
Wallace Weitz's Q2 2021 Portfolio in Review
As of Q2 2021, Wallace Weitz held 62 positions worth $2.37B, up 4.7% from $2.26B the previous quarter. Its ten largest holdings account for 45% of the portfolio.
Wallace Weitz withdrew a net $91.4M in Q2 2021, closing 2 positions and reducing 20 holdings. Its most notable exit was Summit Materials, Inc. Class A Common Stock, an estimated $36.4M position sold in full.
By sector, the portfolio is most concentrated in Financials at 30% of assets, up from 29% a quarter earlier, followed by Communication Services and Technology.
Against the trend, Wallace Weitz opened a new position in Roper Technologies worth $28.7M.
- Wallace Weitz's largest Q2 2021 buy was Roper Technologies: 61,000 shares worth $28.7M.
- Wallace Weitz added most to Dun & Bradstreet in Q2 2021, an estimated $28.6M increase.
- Wallace Weitz's biggest Q2 2021 reduction was Berkshire Hathaway Class B, cutting an estimated $17.1M.
- Wallace Weitz fully exited Summit Materials, Inc. Class A Common Stock in Q2 2021, selling an estimated $36.4M.
- Wallace Weitz's ten largest holdings make up 45% of its $2.37B portfolio in Q2 2021.
- Wallace Weitz opened 2 new positions and closed 2 in Q2 2021.
- Wallace Weitz's portfolio value rose 4.7% quarter-over-quarter to $2.37B.
Based on Weitz Investment Management's 13F filing for Q2 2021, filed 10 Aug 2021.