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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
-1.79%
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
$1.82B
AUM Growth
-$58M
(-3.1%)
Cap. Flow
-$7.03M
Cap. Flow % of AUM
Cap. Flow %
-0.39%
Top 10 Holdings %
Top 10 Hldgs %
45.96%
Holding
54
New
6
Increased
10
Reduced
20
Closed
1
Avg Time Held
5.7
years
Top 10 Avg Time Held
3.6
years
Top 20 Avg Time Held
4.7
years
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
Equifax
EFX
|
+$29.8M |
| 2 |
Microchip Technology
MCHP
|
+$21.7M |
| 3 |
Liberty Live Group Series C
LLYVK
|
+$16.2M |
| 4 |
Thermo Fisher Scientific
TMO
|
+$11.4M |
| 5 |
Danaher
DHR
|
+$4.39M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
BKI
Black Knight, Inc. Common Stock
BKI
|
+$18.6M |
| 2 |
Liberty Media Corporation Series C Liberty SiriusXM Common Stock
LSXMK
|
+$12.6M |
| 3 |
Liberty Broadband Class C
LBRDK
|
+$11.9M |
| 4 |
CoStar Group
CSGP
|
+$10M |
| 5 |
Fidelity National Information Services
FIS
|
+$9.8M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Financials | 22.92% |
| 2 | Communication Services | 22.62% |
| 3 | Technology | 21.35% |
| 4 | Healthcare | 11.09% |
| 5 | Materials | 6.87% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | Held Since | |
|---|---|---|---|---|---|---|---|
1
Alphabet (Google) Class C
GOOG
$3.52T
| $130M | 7.13% |
983,200
-47,500
| -5% | -$6.18M |
2013 Q2
41 quarters
|
|
2
Berkshire Hathaway Class B
BRK.B
$1.23T
| $127M | 6.97% |
361,950
-10,200
| -3% | -$3.62M |
2013 Q2
41 quarters
|
|
3
Visa
V
$788B
| $86.1M | 4.73% |
374,200
| – | – |
2016 Q3
28 quarters
|
|
4
Mastercard
MA
$571B
| $84.5M | 4.65% |
213,350
| – | – |
2014 Q4
35 quarters
|
|
|
5
Danaher
DHR
$165B
| $81.3M | 4.47% |
369,713
+19,683
| +6% | +$4.39M |
2017 Q3
24 quarters
|
|
|
6
CoStar Group
CSGP
$12.6B
| $72.8M | 4% |
947,000
-121,000
| -11% | -$10M |
2020 Q1
14 quarters
|
|
7
Meta Platforms (Facebook)
META
$1.64T
| $69.4M | 3.82% |
231,275
-20,225
| -8% | -$6.09M |
2018 Q1
22 quarters
|
|
|
8
Thermo Fisher Scientific
TMO
$267B
| $63.3M | 3.48% |
125,080
+21,380
| +21% | +$11.4M |
2016 Q4
27 quarters
|
|
9
Vulcan Materials
VMC
$37.1B
| $61.2M | 3.36% |
302,800
-2,700
| -0.9% | -$587K |
2017 Q4
23 quarters
|
|
|
10
DELISTED
Liberty Broadband Class C
LBRDK
| $60.8M | 3.34% |
665,500
-133,500
| -17% | -$11.9M |
2014 Q4
35 quarters
|
|
11
Labcorp
LH
$30.2B
| $57M | 3.13% |
283,350
-28,893
| -9% | -$6.09M |
2013 Q2
41 quarters
|
|
12
CarMax
KMX
$7.68B
| $50.9M | 2.8% |
719,500
-40,000
| -5% | -$3.28M |
2018 Q1
22 quarters
|
|
13
Amazon
AMZN
$2.89T
| $50.2M | 2.76% |
395,000
-35,000
| -8% | -$4.69M |
2015 Q4
31 quarters
|
|
14
Roper Technologies
ROP
$46.7B
| $49.5M | 2.72% |
102,300
| – | – |
2021 Q2
9 quarters
|
|
15
Gartner
IT
$12B
| $48.1M | 2.65% |
140,050
| – | – |
2022 Q1
6 quarters
|
|
16
Aon
AON
$71.2B
| $46.9M | 2.58% |
144,650
| – | – |
2013 Q2
41 quarters
|
|
|
17
DELISTED
Liberty Media Corporation Series C Liberty SiriusXM Common Stock
LSXMK
| $45.5M | 2.5% |
1,788,000
-520,308
| -23% | -$12.6M |
2016 Q2
29 quarters
|
|
18
Markel Group
MKL
$23.9B
| $43M | 2.36% |
29,190
-3,670
| -11% | -$5.37M |
2018 Q1
22 quarters
|
|
19
Analog Devices
ADI
$191B
| $42.1M | 2.31% |
240,200
| – | – |
2018 Q4
19 quarters
|
|
20
Accenture
ACN
$150B
| $31.3M | 1.72% |
102,000
| – | – |
2013 Q2
41 quarters
|
|
21
Oracle
ORCL
$373B
| $30.2M | 1.66% |
285,500
| – | – |
2013 Q2
41 quarters
|
|
22
Adobe
ADBE
$92.4B
| $29.3M | 1.61% |
57,500
-2,500
| -4% | -$1.31M |
2022 Q2
5 quarters
|
|
|
23
Fidelity National Information Services
FIS
$14.6B
| $27.7M | 1.52% |
501,500
-170,000
| -25% | -$9.8M |
2020 Q3
12 quarters
|
|
24
Texas Instruments
TXN
$270B
| $27M | 1.49% |
170,101
| – | – |
2013 Q2
41 quarters
|
|
|
25
Equifax
EFX
$22.1B
| $26.7M | 1.47% |
+146,000
| New | +$29.8M |
2023 Q3
0 quarters
|
|
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Wallace Weitz's Q3 2023 Portfolio in Review
As of Q3 2023, Wallace Weitz held 54 positions worth $1.82B, down 3.1% from $1.88B the previous quarter. Its ten largest holdings account for 46% of the portfolio.
Wallace Weitz's Q3 2023 filing shows 6 new, 10 increased, 20 reduced and 1 closed positions. Its largest new stake was Equifax: 146,000 shares worth $26.7M. The largest sale was Black Knight, Inc. Common Stock, an estimated $18.6M.
By sector, the portfolio is most concentrated in Financials at 23% of assets, up from 23% a quarter earlier, followed by Communication Services and Technology.
- Wallace Weitz's largest Q3 2023 buy was Equifax: 146,000 shares worth $26.7M.
- Wallace Weitz added most to Thermo Fisher Scientific in Q3 2023, an estimated $11.4M increase.
- Wallace Weitz's biggest Q3 2023 reduction was Liberty Media Corporation Series C Liberty SiriusXM Common Stock, cutting an estimated $12.6M.
- Wallace Weitz fully exited Black Knight, Inc. Common Stock in Q3 2023, selling an estimated $18.6M.
- Wallace Weitz's ten largest holdings make up 46% of its $1.82B portfolio in Q3 2023.
- Wallace Weitz opened 6 new positions and closed 1 in Q3 2023.
- Wallace Weitz's portfolio value fell 3.1% quarter-over-quarter to $1.82B.
Based on Weitz Investment Management's 13F filing for Q3 2023, filed 13 Nov 2023.