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Wallace Weitz Weitz Investment Management
AUM
$1.44B
Turnover
9.62%
1-Year Est. Return
3.53%
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
-6.15%
1 Year Est. Return
+3.53%
3 Year Est. Return
+36.06%
5 Year Est. Return
+41.29%
10 Year Est. Return
+224.48%
AUM
$1.7B
AUM Growth
-$214M
(-11%)
Cap. Flow
-$90M
Cap. Flow % of AUM
Cap. Flow %
-5.29%
Top 10 Holdings %
Top 10 Hldgs %
43.56%
Holding
58
New
–
Increased
6
Reduced
21
Closed
–
Avg Time Held
5.2
years
Top 10 Avg Time Held
3.5
years
Top 20 Avg Time Held
4.2
years
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
Liberty Broadband Class C
LBRDK
|
+$6.38M |
| 2 |
Roper Technologies
ROP
|
+$2.03M |
| 3 |
Adobe
ADBE
|
+$1.89M |
| 4 |
Fidelity National Information Services
FIS
|
+$931K |
| 5 |
CarMax
KMX
|
+$914K |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Comcast
CMCSA
|
+$16.8M |
| 2 |
Dun & Bradstreet
DNB
|
+$15.2M |
| 3 |
CoStar Group
CSGP
|
+$15M |
| 4 |
Visa
V
|
+$4.07M |
| 5 |
BKI
Black Knight, Inc. Common Stock
BKI
|
+$3.95M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Financials | 26.12% |
| 2 | Communication Services | 21.11% |
| 3 | Technology | 19.82% |
| 4 | Healthcare | 9.15% |
| 5 | Materials | 7.55% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | Held Since | |
|---|---|---|---|---|---|---|---|
1
Alphabet (Google) Class C
GOOG
$3.42T
| $110M | 6.45% |
1,140,060
-20,000
| -2% | -$2.23M |
2013 Q2
37 quarters
|
|
2
Berkshire Hathaway Class B
BRK.B
$1.19T
| $107M | 6.29% |
400,450
-10,000
| -2% | -$2.85M |
2013 Q2
37 quarters
|
|
|
3
CoStar Group
CSGP
$12.8B
| $86.9M | 5.11% |
1,247,700
-215,900
| -15% | -$15M |
2020 Q1
10 quarters
|
|
|
4
Visa
V
$795B
| $73.8M | 4.34% |
415,600
-20,000
| -5% | -$4.07M |
2016 Q3
24 quarters
|
|
5
Mastercard
MA
$573B
| $66.6M | 3.92% |
234,050
| – | – |
2014 Q4
31 quarters
|
|
6
Danaher
DHR
$160B
| $63.9M | 3.76% |
279,216
| – | – |
2017 Q3
20 quarters
|
|
7
DELISTED
Liberty Media Corporation Series C Liberty SiriusXM Common Stock
LSXMK
| $62.9M | 3.7% |
2,152,355
-64,550
| -3% | -$2.01M |
2016 Q2
25 quarters
|
|
8
Meta Platforms (Facebook)
META
$1.58T
| $57.3M | 3.37% |
422,250
| – | – |
2018 Q1
18 quarters
|
|
|
9
DELISTED
Liberty Broadband Class C
LBRDK
| $57M | 3.35% |
771,700
+60,000
| +8% | +$6.38M |
2014 Q4
31 quarters
|
|
10
Charles Schwab
SCHW
$153B
| $55.5M | 3.26% |
771,650
| – | – |
2018 Q3
16 quarters
|
|
11
Labcorp
LH
$28.9B
| $54.5M | 3.21% |
309,682
-8,636
| -3% | -$1.77M |
2013 Q2
37 quarters
|
|
12
Vulcan Materials
VMC
$37.1B
| $54.1M | 3.18% |
343,100
| – | – |
2017 Q4
19 quarters
|
|
|
13
CarMax
KMX
$8.01B
| $52.5M | 3.09% |
795,300
+10,000
| +1% | +$914K |
2018 Q1
18 quarters
|
|
|
14
Fidelity National Information Services
FIS
$20.7B
| $51.1M | 3.01% |
675,900
+10,000
| +2% | +$931K |
2020 Q3
8 quarters
|
|
15
Amazon
AMZN
$2.66T
| $45.2M | 2.66% |
400,000
| – | – |
2015 Q4
27 quarters
|
|
16
Markel Group
MKL
$23.3B
| $42.7M | 2.51% |
39,340
| – | – |
2018 Q1
18 quarters
|
|
17
Aon
AON
$70.7B
| $39.6M | 2.33% |
147,900
| – | – |
2013 Q2
37 quarters
|
|
18
Gartner
IT
$14.9B
| $38.7M | 2.28% |
139,890
| – | – |
2022 Q1
2 quarters
|
|
|
19
Roper Technologies
ROP
$47.4B
| $38.6M | 2.27% |
107,300
+5,000
| +5% | +$2.03M |
2021 Q2
5 quarters
|
|
20
Thermo Fisher Scientific
TMO
$252B
| $37M | 2.18% |
72,960
-5,382
| -7% | -$3.01M |
2016 Q4
23 quarters
|
|
21
Analog Devices
ADI
$200B
| $35.6M | 2.09% |
255,400
| – | – |
2018 Q4
15 quarters
|
|
22
Liberty Global Class C
LBTYK
$2.73B
| $31.7M | 1.87% |
1,921,000
-105,000
| -5% | -$2.23M |
2013 Q2
37 quarters
|
|
23
Texas Instruments
TXN
$276B
| $28M | 1.65% |
181,201
-5,000
| -3% | -$839K |
2013 Q2
37 quarters
|
|
|
BKI
24
DELISTED
Black Knight, Inc. Common Stock
BKI
| $24.1M | 1.42% |
373,000
-60,000
| -14% | -$3.95M |
2018 Q4
15 quarters
|
|
25
Accenture
ACN
$160B
| $23M | 1.35% |
89,400
| – | – |
2013 Q2
37 quarters
|
|
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Wallace Weitz's Q3 2022 Portfolio in Review
As of Q3 2022, Wallace Weitz held 58 positions worth $1.7B, down 11% from $1.91B the previous quarter. Its ten largest holdings account for 44% of the portfolio.
Wallace Weitz withdrew a net $90M in Q3 2022, reducing 21 holdings. Its largest reduction was Comcast, cutting an estimated $16.8M.
By sector, the portfolio is most concentrated in Financials at 26% of assets, up from 26% a quarter earlier, followed by Communication Services and Technology.
Against the trend, Wallace Weitz added an estimated $6.38M to Liberty Broadband Class C.
- Wallace Weitz added most to Liberty Broadband Class C in Q3 2022, an estimated $6.38M increase.
- Wallace Weitz's biggest Q3 2022 reduction was Comcast, cutting an estimated $16.8M.
- Wallace Weitz's ten largest holdings make up 44% of its $1.7B portfolio in Q3 2022.
- Wallace Weitz opened 0 new positions and closed 0 in Q3 2022.
- Wallace Weitz's portfolio value fell 11% quarter-over-quarter to $1.7B.
Based on Weitz Investment Management's 13F filing for Q3 2022, filed 9 Nov 2022.