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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
+10.16%
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
$2.03B
AUM Growth
+$123M
(+6.4%)
Cap. Flow
-$42.9M
Cap. Flow % of AUM
Cap. Flow %
-2.12%
Top 10 Holdings %
Top 10 Hldgs %
45.99%
Holding
54
New
1
Increased
3
Reduced
13
Closed
4
Avg Time Held
6.2
years
Top 10 Avg Time Held
4.4
years
Top 20 Avg Time Held
4.4
years
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
SiriusXM
SIRI
|
+$39.2M |
| 2 |
IDEX
IEX
|
+$9.12M |
| 3 |
Global Payments
GPN
|
+$8.35M |
| 4 |
Bio-Techne
TECH
|
+$233K |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Liberty Media Corporation Series C Liberty SiriusXM Common Stock
LSXMK
|
+$24.1M |
| 2 |
Perimeter Group Inc.
PRM
|
+$13.1M |
| 3 |
Meta Platforms (Facebook)
META
|
+$11.1M |
| 4 |
Alphabet (Google) Class C
GOOG
|
+$8.8M |
| 5 |
S&P Global
SPGI
|
+$7.25M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Financials | 22.98% |
| 2 | Technology | 19.21% |
| 3 | Communication Services | 17.21% |
| 4 | Industrials | 14.07% |
| 5 | Healthcare | 11.26% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | Held Since | |
|---|---|---|---|---|---|---|---|
1
Berkshire Hathaway Class B
BRK.B
$1.24T
| $149M | 7.33% |
323,200
| – | – |
2013 Q2
45 quarters
|
|
2
Mastercard
MA
$574B
| $100M | 4.95% |
203,350
| – | – |
2014 Q4
39 quarters
|
|
3
Visa
V
$790B
| $98.8M | 4.87% |
359,200
| – | – |
2016 Q3
32 quarters
|
|
4
Danaher
DHR
$166B
| $97.6M | 4.81% |
350,910
| – | – |
2017 Q3
28 quarters
|
|
|
5
Meta Platforms (Facebook)
META
$1.65T
| $95.7M | 4.72% |
167,200
-21,575
| -11% | -$11.1M |
2018 Q1
26 quarters
|
|
|
6
Alphabet (Google) Class C
GOOG
$3.51T
| $94.8M | 4.67% |
566,975
-52,000
| -8% | -$8.8M |
2013 Q2
45 quarters
|
|
7
Aon
AON
$71.5B
| $90.3M | 4.45% |
260,950
| – | – |
2013 Q2
45 quarters
|
|
8
Thermo Fisher Scientific
TMO
$266B
| $74.4M | 3.67% |
120,200
-5,000
| -4% | -$2.96M |
2016 Q4
31 quarters
|
|
9
CoStar Group
CSGP
$12.2B
| $66.9M | 3.3% |
886,500
| – | – |
2020 Q1
18 quarters
|
|
10
CarMax
KMX
$7.67B
| $65.4M | 3.22% |
845,200
-20,000
| -2% | -$1.58M |
2018 Q1
26 quarters
|
|
|
11
Global Payments
GPN
$26.9B
| $62.5M | 3.08% |
610,000
+80,400
| +15% | +$8.35M |
2023 Q4
3 quarters
|
|
|
12
IDEX
IEX
$17.4B
| $60.6M | 2.99% |
282,650
+45,250
| +19% | +$9.12M |
2020 Q1
18 quarters
|
|
13
Labcorp
LH
$30.2B
| $52.8M | 2.6% |
236,350
-5,000
| -2% | -$1.1M |
2013 Q2
45 quarters
|
|
14
Equifax
EFX
$21.9B
| $51.7M | 2.55% |
176,000
| – | – |
2023 Q3
4 quarters
|
|
15
Vulcan Materials
VMC
$36.9B
| $48M | 2.36% |
191,550
| – | – |
2017 Q4
27 quarters
|
|
16
Amazon
AMZN
$2.94T
| $47M | 2.32% |
252,500
| – | – |
2015 Q4
35 quarters
|
|
17
Charter Communications
CHTR
$15.4B
| $43.9M | 2.16% |
135,450
-7,500
| -5% | -$2.52M |
2022 Q4
7 quarters
|
|
18
Old Dominion Freight Line
ODFL
$34.6B
| $41.7M | 2.06% |
209,900
| – | – |
2024 Q2
1 quarter
|
|
19
DELISTED
Liberty Broadband Class C
LBRDK
| $41M | 2.02% |
530,500
| – | – |
2014 Q4
39 quarters
|
|
20
Accenture
ACN
$153B
| $37.8M | 1.86% |
106,850
| – | – |
2013 Q2
45 quarters
|
|
21
Roper Technologies
ROP
$47B
| $37M | 1.82% |
66,500
| – | – |
2021 Q2
13 quarters
|
|
22
Oracle
ORCL
$366B
| $36.6M | 1.8% |
214,700
| – | – |
2013 Q2
45 quarters
|
|
23
Texas Instruments
TXN
$274B
| $35M | 1.73% |
169,575
| – | – |
2013 Q2
45 quarters
|
|
24
Fidelity National Information Services
FIS
$14.6B
| $34.5M | 1.7% |
412,500
-26,500
| -6% | -$2.09M |
2020 Q3
16 quarters
|
|
25
Veralto
VLTO
$28.7B
| $33.4M | 1.65% |
298,699
| – | – |
2023 Q4
3 quarters
|
|
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Wallace Weitz's Q3 2024 Portfolio in Review
As of Q3 2024, Wallace Weitz held 54 positions worth $2.03B, up 6.4% from $1.91B the previous quarter. Its ten largest holdings account for 46% of the portfolio.
Wallace Weitz's Q3 2024 filing shows 1 new, 3 increased, 13 reduced and 4 closed positions. Its largest new stake was SiriusXM: 1,261,999 shares worth $29.8M. The largest sale was Liberty Media Corporation Series C Liberty SiriusXM Common Stock, an estimated $24.1M.
By sector, the portfolio is most concentrated in Financials at 23% of assets, up from 22% a quarter earlier, followed by Technology and Communication Services.
- Wallace Weitz's largest Q3 2024 buy was SiriusXM: 1,261,999 shares worth $29.8M.
- Wallace Weitz added most to IDEX in Q3 2024, an estimated $9.12M increase.
- Wallace Weitz's biggest Q3 2024 reduction was Perimeter Group Inc., cutting an estimated $13.1M.
- Wallace Weitz fully exited Liberty Media Corporation Series C Liberty SiriusXM Common Stock in Q3 2024, selling an estimated $24.1M.
- Wallace Weitz's ten largest holdings make up 46% of its $2.03B portfolio in Q3 2024.
- Wallace Weitz opened 1 new position and closed 4 in Q3 2024.
- Wallace Weitz's portfolio value rose 6.4% quarter-over-quarter to $2.03B.
Based on Weitz Investment Management's 13F filing for Q3 2024, filed 12 Nov 2024.