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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
-7.61%
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
$2.26B
AUM Growth
-$236M
(-9.5%)
Cap. Flow
-$49M
Cap. Flow % of AUM
Cap. Flow %
-2.17%
Top 10 Holdings %
Top 10 Hldgs %
44.94%
Holding
60
New
1
Increased
21
Reduced
14
Closed
–
Avg Time Held
4.7
years
Top 10 Avg Time Held
3.9
years
Top 20 Avg Time Held
4.3
years
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
Gartner
IT
|
+$37.1M |
| 2 |
Meta Platforms (Facebook)
META
|
+$22.6M |
| 3 |
CoStar Group
CSGP
|
+$20.8M |
| 4 |
CarMax
KMX
|
+$15.6M |
| 5 |
Amazon
AMZN
|
+$6.18M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Charles Schwab
SCHW
|
+$44.9M |
| 2 |
Aon
AON
|
+$27.1M |
| 3 |
Berkshire Hathaway Class B
BRK.B
|
+$22.8M |
| 4 |
AutoZone
AZO
|
+$17.3M |
| 5 |
JPMorgan Chase
JPM
|
+$11.1M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Financials | 27.78% |
| 2 | Communication Services | 25.12% |
| 3 | Technology | 16.41% |
| 4 | Consumer Discretionary | 8.68% |
| 5 | Healthcare | 7.29% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | Held Since | |
|---|---|---|---|---|---|---|---|
1
Alphabet (Google) Class C
GOOG
$3.63T
| $165M | 7.3% |
1,179,560
| – | – |
2013 Q2
35 quarters
|
|
|
2
Berkshire Hathaway Class B
BRK.B
$1.25T
| $154M | 6.81% |
435,450
-70,369
| -14% | -$22.8M |
2013 Q2
35 quarters
|
|
3
Visa
V
$784B
| $98.8M | 4.38% |
445,600
+1,479
| +0.3% | +$320K |
2016 Q3
22 quarters
|
|
|
4
CoStar Group
CSGP
$12.1B
| $96.1M | 4.26% |
1,443,100
+313,700
| +28% | +$20.8M |
2020 Q1
8 quarters
|
|
5
Mastercard
MA
$569B
| $92.6M | 4.1% |
259,050
+1,158
| +0.4% | +$416K |
2014 Q4
29 quarters
|
|
6
DELISTED
Liberty Broadband Class C
LBRDK
| $92.2M | 4.08% |
681,200
+26,779
| +4% | +$3.9M |
2014 Q4
29 quarters
|
|
|
7
Meta Platforms (Facebook)
META
$1.59T
| $88.3M | 3.91% |
397,250
+90,350
| +29% | +$22.6M |
2018 Q1
16 quarters
|
|
8
DELISTED
Liberty Media Corporation Series C Liberty SiriusXM Common Stock
LSXMK
| $82.6M | 3.66% |
2,333,095
-32,275
| -1% | -$1.2M |
2016 Q2
23 quarters
|
|
9
Markel Group
MKL
$24B
| $73.3M | 3.25% |
49,668
-6,700
| -12% | -$8.66M |
2018 Q1
16 quarters
|
|
10
Labcorp
LH
$30.2B
| $72.1M | 3.19% |
318,318
-18,508
| -5% | -$4.35M |
2013 Q2
35 quarters
|
|
|
11
CarMax
KMX
$7.46B
| $69.4M | 3.08% |
719,800
+144,800
| +25% | +$15.6M |
2018 Q1
16 quarters
|
|
12
Vulcan Materials
VMC
$36B
| $62.8M | 2.78% |
341,800
+3,615
| +1% | +$675K |
2017 Q4
17 quarters
|
|
|
13
Charles Schwab
SCHW
$158B
| $61.7M | 2.73% |
731,650
-510,363
| -41% | -$44.9M |
2018 Q3
14 quarters
|
|
14
Fidelity National Information Services
FIS
$14.6B
| $60.6M | 2.69% |
603,909
+20,000
| +3% | +$2.09M |
2020 Q3
6 quarters
|
|
|
15
Amazon
AMZN
$2.89T
| $53.8M | 2.38% |
330,000
+40,000
| +14% | +$6.18M |
2015 Q4
25 quarters
|
|
16
Liberty Global Class C
LBTYK
$3.45B
| $53M | 2.35% |
2,046,000
| – | – |
2013 Q2
35 quarters
|
|
|
17
Aon
AON
$70.7B
| $51.4M | 2.28% |
157,900
-93,007
| -37% | -$27.1M |
2013 Q2
35 quarters
|
|
|
18
AutoZone
AZO
$52.3B
| $49.4M | 2.19% |
24,185
-8,856
| -27% | -$17.3M |
2020 Q4
5 quarters
|
|
19
Thermo Fisher Scientific
TMO
$259B
| $46.3M | 2.05% |
78,342
| – | – |
2016 Q4
21 quarters
|
|
20
Danaher
DHR
$163B
| $46.2M | 2.05% |
177,547
+2,074
| +1% | +$519K |
2017 Q3
18 quarters
|
|
21
Analog Devices
ADI
$198B
| $38.5M | 1.71% |
233,300
+4,679
| +2% | +$758K |
2018 Q4
13 quarters
|
|
|
22
Gartner
IT
$12B
| $38.1M | 1.69% |
+127,979
| New | +$37.1M |
2022 Q1
0 quarters
|
|
23
Roper Technologies
ROP
$47.3B
| $36.5M | 1.62% |
77,300
+11,016
| +17% | +$4.96M |
2021 Q2
3 quarters
|
|
24
Texas Instruments
TXN
$286B
| $34.2M | 1.51% |
186,201
| – | – |
2013 Q2
35 quarters
|
|
25
DELISTED
Dun & Bradstreet
DNB
| $32.2M | 1.43% |
1,836,000
| – | – |
2021 Q1
4 quarters
|
|
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Wallace Weitz's Q1 2022 Portfolio in Review
As of Q1 2022, Wallace Weitz held 60 positions worth $2.26B, down 9.5% from $2.49B the previous quarter. Its ten largest holdings account for 45% of the portfolio.
Trading was light in Q1 2022: portfolio turnover was 1.7%. Wallace Weitz opened 1 new position and made no exits, leaving the 60-position portfolio largely intact.
By sector, the portfolio is most concentrated in Financials at 28% of assets, down from 29% a quarter earlier, followed by Communication Services and Technology.
- Wallace Weitz's largest Q1 2022 buy was Gartner: 127,979 shares worth $38.1M.
- Wallace Weitz added most to Meta Platforms (Facebook) in Q1 2022, an estimated $22.6M increase.
- Wallace Weitz's biggest Q1 2022 reduction was Charles Schwab, cutting an estimated $44.9M.
- Wallace Weitz's ten largest holdings make up 45% of its $2.26B portfolio in Q1 2022.
- Wallace Weitz opened 1 new position and closed 0 in Q1 2022.
- Wallace Weitz's portfolio value fell 9.5% quarter-over-quarter to $2.26B.
Based on Weitz Investment Management's 13F filing for Q1 2022, filed 13 May 2022.