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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
-3.06%
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
$1.91B
AUM Growth
-$75.4M
(-3.8%)
Cap. Flow
-$4.2M
Cap. Flow % of AUM
Cap. Flow %
-0.22%
Top 10 Holdings %
Top 10 Hldgs %
46.54%
Holding
56
New
2
Increased
11
Reduced
23
Closed
3
Avg Time Held
6
years
Top 10 Avg Time Held
4.1
years
Top 20 Avg Time Held
4.3
years
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
Old Dominion Freight Line
ODFL
|
+$39.6M |
| 2 |
IDEX
IEX
|
+$37.2M |
| 3 |
Aon
AON
|
+$30.4M |
| 4 |
Global Payments
GPN
|
+$23.1M |
| 5 |
CarMax
KMX
|
+$8.34M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Alphabet (Google) Class C
GOOG
|
+$23.7M |
| 2 |
Analog Devices
ADI
|
+$18.8M |
| 3 |
Amazon
AMZN
|
+$16.1M |
| 4 |
Liberty Media Corporation Series C Liberty SiriusXM Common Stock
LSXMK
|
+$15.7M |
| 5 |
Vulcan Materials
VMC
|
+$12.9M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Financials | 22.19% |
| 2 | Technology | 19.46% |
| 3 | Communication Services | 18.39% |
| 4 | Industrials | 12.52% |
| 5 | Healthcare | 10.98% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | Held Since | |
|---|---|---|---|---|---|---|---|
1
Berkshire Hathaway Class B
BRK.B
$1.16T
| $131M | 6.9% |
323,200
-4,000
| -1% | -$1.63M |
2013 Q2
44 quarters
|
|
|
2
Alphabet (Google) Class C
GOOG
$3.89T
| $114M | 5.96% |
618,975
-139,125
| -18% | -$23.7M |
2013 Q2
44 quarters
|
|
3
Meta Platforms (Facebook)
META
$1.59T
| $95.2M | 4.99% |
188,775
-12,500
| -6% | -$6.08M |
2018 Q1
25 quarters
|
|
4
Visa
V
$750B
| $94.3M | 4.95% |
359,200
-5,000
| -1% | -$1.37M |
2016 Q3
31 quarters
|
|
5
Mastercard
MA
$533B
| $89.7M | 4.71% |
203,350
| – | – |
2014 Q4
38 quarters
|
|
6
Danaher
DHR
$163B
| $87.7M | 4.6% |
350,910
| – | – |
2017 Q3
27 quarters
|
|
|
7
Aon
AON
$63.7B
| $76.6M | 4.02% |
260,950
+102,650
| +65% | +$30.4M |
2013 Q2
44 quarters
|
|
8
Thermo Fisher Scientific
TMO
$258B
| $69.2M | 3.63% |
125,200
| – | – |
2016 Q4
30 quarters
|
|
9
CoStar Group
CSGP
$13B
| $65.7M | 3.45% |
886,500
+10,000
| +1% | +$847K |
2020 Q1
17 quarters
|
|
|
10
CarMax
KMX
$7.65B
| $63.5M | 3.33% |
865,200
+115,700
| +15% | +$8.34M |
2018 Q1
25 quarters
|
|
|
11
Global Payments
GPN
$21.6B
| $51.2M | 2.69% |
529,600
+209,600
| +66% | +$23.1M |
2023 Q4
2 quarters
|
|
12
Labcorp
LH
$26.6B
| $49.1M | 2.58% |
241,350
-15,000
| -6% | -$3.05M |
2013 Q2
44 quarters
|
|
|
13
Amazon
AMZN
$2.74T
| $48.8M | 2.56% |
252,500
-87,500
| -26% | -$16.1M |
2015 Q4
34 quarters
|
|
|
14
IDEX
IEX
$17.1B
| $47.8M | 2.51% |
237,400
+170,500
| +255% | +$37.2M |
2020 Q1
17 quarters
|
|
|
15
Vulcan Materials
VMC
$33.9B
| $47.6M | 2.5% |
191,550
-50,000
| -21% | -$12.9M |
2017 Q4
26 quarters
|
|
16
Charter Communications
CHTR
$12B
| $42.7M | 2.24% |
142,950
-20,250
| -12% | -$5.53M |
2022 Q4
6 quarters
|
|
17
Equifax
EFX
$20.6B
| $42.7M | 2.24% |
176,000
+22,500
| +15% | +$5.37M |
2023 Q3
3 quarters
|
|
18
Roper Technologies
ROP
$43B
| $37.5M | 1.97% |
66,500
-5,600
| -8% | -$3.02M |
2021 Q2
12 quarters
|
|
|
19
Old Dominion Freight Line
ODFL
$38.6B
| $37.1M | 1.95% |
+209,900
| New | +$39.6M |
2024 Q2
0 quarters
|
|
20
Fidelity National Information Services
FIS
$18.3B
| $33.1M | 1.74% |
439,000
-67,500
| -13% | -$5M |
2020 Q3
15 quarters
|
|
21
Texas Instruments
TXN
$281B
| $33M | 1.73% |
169,575
-526
| -0.3% | -$97.2K |
2013 Q2
44 quarters
|
|
22
Accenture
ACN
$144B
| $32.4M | 1.7% |
106,850
+12,850
| +14% | +$3.94M |
2013 Q2
44 quarters
|
|
|
23
Analog Devices
ADI
$205B
| $32.2M | 1.69% |
141,000
-88,200
| -38% | -$18.8M |
2018 Q4
22 quarters
|
|
24
S&P Global
SPGI
$133B
| $30.7M | 1.61% |
68,875
| – | – |
2020 Q1
17 quarters
|
|
25
Oracle
ORCL
$400B
| $30.3M | 1.59% |
214,700
-70,800
| -25% | -$8.79M |
2013 Q2
44 quarters
|
|
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Wallace Weitz's Q2 2024 Portfolio in Review
As of Q2 2024, Wallace Weitz held 56 positions worth $1.91B, down 3.8% from $1.98B the previous quarter. Its ten largest holdings account for 47% of the portfolio.
Wallace Weitz's Q2 2024 filing shows 2 new, 11 increased, 23 reduced and 3 closed positions. Its largest new stake was Old Dominion Freight Line: 209,900 shares worth $37.1M. The largest sale was Alphabet (Google) Class C, an estimated $23.7M.
By sector, the portfolio is most concentrated in Financials at 22% of assets, up from 21% a quarter earlier, followed by Technology and Communication Services.
- Wallace Weitz's largest Q2 2024 buy was Old Dominion Freight Line: 209,900 shares worth $37.1M.
- Wallace Weitz added most to IDEX in Q2 2024, an estimated $37.2M increase.
- Wallace Weitz's biggest Q2 2024 reduction was Alphabet (Google) Class C, cutting an estimated $23.7M.
- Wallace Weitz fully exited Live Nation Entertainment in Q2 2024, selling an estimated $6.45M.
- Wallace Weitz's ten largest holdings make up 47% of its $1.91B portfolio in Q2 2024.
- Wallace Weitz opened 2 new positions and closed 3 in Q2 2024.
- Wallace Weitz's portfolio value fell 3.8% quarter-over-quarter to $1.91B.
Based on Weitz Investment Management's 13F filing for Q2 2024, filed 14 Aug 2024.