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Wallace Weitz Weitz Investment Management
AUM
$1.46B
Turnover
11.54%
1-Year Est. Return
5.9%
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.
This Fund
S&P 500
This Quarter Est. Return
+1.7%
1 Year Est. Return
+5.9%
3 Year Est. Return
+44.83%
5 Year Est. Return
+45.22%
10 Year Est. Return
+222.84%
AUM
$2.39B
AUM Growth
+$18.2M
(+0.77%)
Cap. Flow
-$33M
Cap. Flow % of AUM
Cap. Flow %
-1.38%
Top 10 Holdings %
Top 10 Hldgs %
45.31%
Holding
60
New
–
Increased
7
Reduced
7
Closed
2
Avg Time Held
4.4
years
Top 10 Avg Time Held
3.6
years
Top 20 Avg Time Held
3.8
years
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
Dun & Bradstreet
DNB
|
+$4.95M |
| 2 |
Fidelity National Information Services
FIS
|
+$4.02M |
| 3 |
CoStar Group
CSGP
|
+$3.46M |
| 4 |
Visa
V
|
+$2.81M |
| 5 |
Liberty Broadband Class C
LBRDK
|
+$2.34M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Aon
AON
|
+$7.47M |
| 2 |
Redwood Trust
RWT
|
+$5.02M |
| 3 |
First Hawaiian
FHB
|
+$4.25M |
| 4 |
Charter Communications
CHTR
|
+$3.61M |
| 5 |
Danaher
DHR
|
+$3.07M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Financials | 30.05% |
| 2 | Communication Services | 25.79% |
| 3 | Technology | 14.21% |
| 4 | Consumer Discretionary | 9.21% |
| 5 | Healthcare | 8.21% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | Held Since | |
|---|---|---|---|---|---|---|---|
1
Alphabet (Google) Class C
GOOG
$3.63T
| $160M | 6.68% |
1,197,200
| – | – |
2013 Q2
33 quarters
|
|
2
Berkshire Hathaway Class B
BRK.B
$1.25T
| $138M | 5.77% |
505,150
| – | – |
2013 Q2
33 quarters
|
|
|
3
Aon
AON
$70.7B
| $113M | 4.73% |
395,060
-27,790
| -7% | -$7.47M |
2013 Q2
33 quarters
|
|
|
4
DELISTED
Liberty Broadband Class C
LBRDK
| $108M | 4.54% |
628,000
+13,000
| +2% | +$2.34M |
2014 Q4
27 quarters
|
|
5
Labcorp
LH
$30.1B
| $102M | 4.25% |
420,204
-10,709
| -2% | -$2.7M |
2013 Q2
33 quarters
|
|
6
Meta Platforms (Facebook)
META
$1.59T
| $97.4M | 4.08% |
286,900
| – | – |
2018 Q1
14 quarters
|
|
7
Charles Schwab
SCHW
$158B
| $96.5M | 4.04% |
1,325,000
| – | – |
2018 Q3
12 quarters
|
|
|
8
Visa
V
$784B
| $95.2M | 3.99% |
427,500
+12,000
| +3% | +$2.81M |
2016 Q3
20 quarters
|
|
9
DELISTED
Liberty Media Corporation Series C Liberty SiriusXM Common Stock
LSXMK
| $87M | 3.64% |
2,365,370
| – | – |
2016 Q2
21 quarters
|
|
10
Mastercard
MA
$568B
| $85.7M | 3.59% |
246,600
+5,750
| +2% | +$2.09M |
2014 Q4
27 quarters
|
|
|
11
CoStar Group
CSGP
$12.1B
| $80.9M | 3.39% |
939,500
+40,000
| +4% | +$3.46M |
2020 Q1
6 quarters
|
|
12
Vulcan Materials
VMC
$35.9B
| $70.9M | 2.97% |
419,200
| – | – |
2017 Q4
15 quarters
|
|
13
CarMax
KMX
$7.47B
| $69.7M | 2.92% |
544,700
-10,000
| -2% | -$1.33M |
2018 Q1
14 quarters
|
|
14
Markel Group
MKL
$24B
| $67.2M | 2.81% |
56,200
| – | – |
2018 Q1
14 quarters
|
|
15
Liberty Global Class C
LBTYK
$3.45B
| $60.3M | 2.52% |
2,046,000
-60,000
| -3% | -$1.67M |
2013 Q2
33 quarters
|
|
16
AutoZone
AZO
$52.5B
| $58.2M | 2.44% |
34,275
-700
| -2% | -$1.12M |
2020 Q4
3 quarters
|
|
|
17
Fidelity National Information Services
FIS
$14.7B
| $50.1M | 2.1% |
412,000
+30,000
| +8% | +$4.02M |
2020 Q3
4 quarters
|
|
18
Amazon
AMZN
$2.89T
| $47.6M | 1.99% |
290,000
| – | – |
2015 Q4
23 quarters
|
|
19
Thermo Fisher Scientific
TMO
$259B
| $47.4M | 1.99% |
83,000
| – | – |
2016 Q4
19 quarters
|
|
|
20
Danaher
DHR
$163B
| $47.2M | 1.98% |
174,840
-11,280
| -6% | -$3.07M |
2017 Q3
16 quarters
|
|
21
Analog Devices
ADI
$198B
| $38.1M | 1.6% |
227,500
| – | – |
2018 Q4
11 quarters
|
|
22
Texas Instruments
TXN
$285B
| $35.6M | 1.49% |
185,200
| – | – |
2013 Q2
33 quarters
|
|
23
LKQ Corp
LKQ
$4.98B
| $33.3M | 1.39% |
662,000
| – | – |
2019 Q3
8 quarters
|
|
24
Salesforce
CRM
$179B
| $32.5M | 1.36% |
120,000
| – | – |
2019 Q3
8 quarters
|
|
25
Oracle
ORCL
$397B
| $31.6M | 1.32% |
362,500
| – | – |
2013 Q2
33 quarters
|
|
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Wallace Weitz's Q3 2021 Portfolio in Review
As of Q3 2021, Wallace Weitz held 60 positions worth $2.39B, up 0.77% from $2.37B the previous quarter. Its ten largest holdings account for 45% of the portfolio.
Trading was light in Q3 2021: portfolio turnover was 3.3%. Wallace Weitz opened no new positions and exited 2, leaving the 60-position portfolio largely intact.
By sector, the portfolio is most concentrated in Financials at 30% of assets, down from 30% a quarter earlier, followed by Communication Services and Technology.
- Wallace Weitz added most to Dun & Bradstreet in Q3 2021, an estimated $4.95M increase.
- Wallace Weitz's biggest Q3 2021 reduction was Aon, cutting an estimated $7.47M.
- Wallace Weitz fully exited First Hawaiian in Q3 2021, selling an estimated $4.25M.
- Wallace Weitz's ten largest holdings make up 45% of its $2.39B portfolio in Q3 2021.
- Wallace Weitz opened 0 new positions and closed 2 in Q3 2021.
- Wallace Weitz's portfolio value rose 0.77% quarter-over-quarter to $2.39B.
Based on Weitz Investment Management's 13F filing for Q3 2021, filed 15 Nov 2021.