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 |
LSXMK
Liberty Media Corporation Series C Liberty SiriusXM Common Stock
LSXMK
|
+$6.02M |
| 2 |
Live Nation Entertainment
LYV
|
+$4.51M |
| 3 |
Danaher
DHR
|
+$4.49M |
| 4 |
Microsoft
MSFT
|
+$3.83M |
| 5 |
Accenture
ACN
|
+$3.35M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
SCHW
Charles Schwab
SCHW
|
+$60.5M |
| 2 |
FRC
First Republic Bank
FRC
|
+$14.3M |
| 3 |
Fidelity National Information Services
FIS
|
+$14.3M |
| 4 |
Meta Platforms (Facebook)
META
|
+$11.9M |
| 5 |
Axalta
AXTA
|
+$10.3M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Communication Services | 22.8% |
| 2 | Technology | 22.73% |
| 3 | Financials | 22.73% |
| 4 | Healthcare | 9.56% |
| 5 | Materials | 7.14% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
1
Alphabet (Google) Class C
GOOG
$4.18T
| $119M | 6.84% |
1,140,560
| – | – |
|
2
Berkshire Hathaway Class B
BRK.B
$1.06T
| $115M | 6.65% |
373,450
-7,000
| -2% | -$2.16M |
|
|
3
Meta Platforms (Facebook)
META
$1.4T
| $89.6M | 5.16% |
422,800
-70,000
| -14% | -$11.9M |
|
4
Visa
V
$693B
| $84.7M | 4.88% |
375,600
-10,000
| -3% | -$2.23M |
|
5
Mastercard
MA
$509B
| $77.8M | 4.48% |
214,050
-10,000
| -4% | -$3.63M |
|
6
CoStar Group
CSGP
$13.1B
| $75.8M | 4.37% |
1,100,800
-5,000
| -0.5% | -$369K |
|
|
7
Danaher
DHR
$154B
| $65.1M | 3.75% |
291,261
+19,740
| +7% | +$4.49M |
|
8
Labcorp
LH
$27.3B
| $61.7M | 3.56% |
313,000
+6,111
| +2% | +$1.26M |
|
|
LBRDK
9
DELISTED
Liberty Broadband Class C
LBRDK
| $61.4M | 3.54% |
751,400
+1,700
| +0.2% | +$147K |
|
10
Vulcan Materials
VMC
$35.8B
| $57.4M | 3.31% |
334,600
+1,000
| +0.3% | +$178K |
|
11
CarMax
KMX
$8.82B
| $51.2M | 2.95% |
795,997
-44,503
| -5% | -$2.98M |
|
|
LSXMK
12
DELISTED
Liberty Media Corporation Series C Liberty SiriusXM Common Stock
LSXMK
| $50.2M | 2.89% |
2,316,312
+228,507
| +11% | +$6.02M |
|
13
Analog Devices
ADI
$182B
| $47.4M | 2.73% |
240,200
-200
| -0.1% | -$35.9K |
|
14
Aon
AON
$75.3B
| $45.8M | 2.64% |
145,400
-2,500
| -2% | -$774K |
|
15
Gartner
IT
$12.4B
| $45.7M | 2.63% |
140,290
+400
| +0.3% | +$132K |
|
16
Markel Group
MKL
$22.2B
| $42.1M | 2.43% |
32,990
-4,400
| -12% | -$5.85M |
|
17
Amazon
AMZN
$2.79T
| $41.3M | 2.38% |
400,000
| – | – |
|
18
Roper Technologies
ROP
$40.7B
| $40.7M | 2.34% |
92,300
| – | – |
|
19
Oracle
ORCL
$422B
| $40.5M | 2.33% |
435,500
| – | – |
|
20
Thermo Fisher Scientific
TMO
$233B
| $39.2M | 2.26% |
67,960
| – | – |
|
21
Texas Instruments
TXN
$241B
| $32.8M | 1.89% |
176,201
-5,000
| -3% | -$879K |
|
22
Liberty Global Class C
LBTYK
$3.55B
| $30.8M | 1.77% |
1,510,500
-200,500
| -12% | -$4.22M |
|
|
23
Accenture
ACN
$113B
| $29.1M | 1.68% |
101,700
+12,300
| +14% | +$3.35M |
|
24
Salesforce
CRM
$171B
| $28M | 1.61% |
140,000
| – | – |
|
25
S&P Global
SPGI
$127B
| $25.5M | 1.47% |
73,875
| – | – |
|
Similar funds
Wallace Weitz's Q1 2023 Portfolio in Review
As of Q1 2023, Wallace Weitz held 59 positions worth $1.74B, down 1.7% from $1.76B the previous quarter. Its ten largest holdings account for 47% of the portfolio.
Wallace Weitz withdrew a net $136M in Q1 2023, closing 5 positions and reducing 16 holdings. Its most notable exit was Charles Schwab, an estimated $60.5M position sold in full.
By sector, the portfolio is most concentrated in Communication Services at 23% of assets, up from 20% a quarter earlier, followed by Technology and Financials.
Against the trend, Wallace Weitz opened a new position in Live Nation Entertainment worth $4.3M.
- Wallace Weitz's largest Q1 2023 buy was Live Nation Entertainment: 61,500 shares worth $4.3M.
- Wallace Weitz added most to Liberty Media Corporation Series C Liberty SiriusXM Common Stock in Q1 2023, an estimated $6.02M increase.
- Wallace Weitz's biggest Q1 2023 reduction was Fidelity National Information Services, cutting an estimated $14.3M.
- Wallace Weitz fully exited Charles Schwab in Q1 2023, selling an estimated $60.5M.
- Wallace Weitz's ten largest holdings make up 47% of its $1.74B portfolio in Q1 2023.
- Wallace Weitz opened 1 new position and closed 5 in Q1 2023.
- Wallace Weitz's portfolio value fell 1.7% quarter-over-quarter to $1.74B.
Based on Weitz Investment Management's 13F filing for Q1 2023, filed 12 May 2023.