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 |
Bio-Techne
TECH
|
+$24.5M |
| 2 |
Danaher
DHR
|
+$12.9M |
| 3 |
IDEX
IEX
|
+$10.5M |
| 4 |
SiriusXM
SIRI
|
+$5.19M |
| 5 |
Equifax
EFX
|
+$3.35M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Microchip Technology
MCHP
|
+$20.8M |
| 2 |
Roper Technologies
ROP
|
+$19.3M |
| 3 |
Guidewire Software
GWRE
|
+$17.7M |
| 4 |
Fidelity National Information Services
FIS
|
+$12.1M |
| 5 |
VeriSign
VRSN
|
+$12M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Financials | 24.33% |
| 2 | Communication Services | 17.3% |
| 3 | Technology | 15.76% |
| 4 | Industrials | 14.44% |
| 5 | Healthcare | 12.21% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | Held Since | |
|---|---|---|---|---|---|---|---|
1
Berkshire Hathaway Class B
BRK.B
$1.26T
| $147M | 7.55% |
323,200
| – | – |
2013 Q2
46 quarters
|
|
2
Visa
V
$794B
| $110M | 5.65% |
346,700
-12,500
| -3% | -$3.76M |
2016 Q3
33 quarters
|
|
3
Alphabet (Google) Class C
GOOG
$3.6T
| $98.8M | 5.09% |
518,700
-48,275
| -9% | -$8.52M |
2013 Q2
46 quarters
|
|
4
Mastercard
MA
$576B
| $98.5M | 5.08% |
187,070
-16,280
| -8% | -$8.43M |
2014 Q4
40 quarters
|
|
5
Aon
AON
$71.8B
| $93.7M | 4.83% |
260,950
| – | – |
2013 Q2
46 quarters
|
|
6
Meta Platforms (Facebook)
META
$1.64T
| $92.9M | 4.79% |
158,600
-8,600
| -5% | -$5.05M |
2018 Q1
27 quarters
|
|
|
7
Danaher
DHR
$164B
| $92.6M | 4.77% |
403,210
+52,300
| +15% | +$12.9M |
2017 Q3
29 quarters
|
|
|
8
IDEX
IEX
$17.5B
| $69.2M | 3.57% |
330,500
+47,850
| +17% | +$10.5M |
2020 Q1
19 quarters
|
|
9
CarMax
KMX
$7.55B
| $67.5M | 3.48% |
825,200
-20,000
| -2% | -$1.57M |
2018 Q1
27 quarters
|
|
10
Global Payments
GPN
$24.3B
| $66.1M | 3.41% |
589,600
-20,400
| -3% | -$2.23M |
2023 Q4
4 quarters
|
|
11
CoStar Group
CSGP
$12.5B
| $63.7M | 3.29% |
889,875
+3,375
| +0.4% | +$255K |
2020 Q1
19 quarters
|
|
12
Thermo Fisher Scientific
TMO
$259B
| $62.5M | 3.22% |
120,200
| – | – |
2016 Q4
32 quarters
|
|
13
Amazon
AMZN
$2.88T
| $54.3M | 2.8% |
247,500
-5,000
| -2% | -$1.02M |
2015 Q4
36 quarters
|
|
14
Labcorp
LH
$30.1B
| $54.2M | 2.79% |
236,175
-175
| -0.1% | -$40.1K |
2013 Q2
46 quarters
|
|
15
Vulcan Materials
VMC
$35.8B
| $49.2M | 2.54% |
191,400
-150
| -0.1% | -$40.3K |
2017 Q4
28 quarters
|
|
|
16
Equifax
EFX
$22B
| $48M | 2.48% |
188,500
+12,500
| +7% | +$3.35M |
2023 Q3
5 quarters
|
|
17
Charter Communications
CHTR
$15.8B
| $46.4M | 2.39% |
135,450
| – | – |
2022 Q4
8 quarters
|
|
18
DELISTED
Liberty Broadband Class C
LBRDK
| $39.7M | 2.05% |
530,500
| – | – |
2014 Q4
40 quarters
|
|
19
Accenture
ACN
$148B
| $37.6M | 1.94% |
106,850
| – | – |
2013 Q2
46 quarters
|
|
20
Oracle
ORCL
$391B
| $34.6M | 1.78% |
207,575
-7,125
| -3% | -$1.27M |
2013 Q2
46 quarters
|
|
21
Old Dominion Freight Line
ODFL
$36B
| $33.5M | 1.73% |
189,900
-20,000
| -10% | -$4.07M |
2024 Q2
2 quarters
|
|
|
22
SiriusXM
SIRI
$10.7B
| $33.4M | 1.72% |
1,465,500
+203,501
| +16% | +$5.19M |
2024 Q3
1 quarter
|
|
23
Texas Instruments
TXN
$277B
| $31.8M | 1.64% |
169,575
| – | – |
2013 Q2
46 quarters
|
|
24
Salesforce
CRM
$179B
| $31.8M | 1.64% |
95,000
| – | – |
2019 Q3
21 quarters
|
|
25
Gartner
IT
$12.1B
| $31.2M | 1.61% |
64,425
| – | – |
2022 Q1
11 quarters
|
|
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Wallace Weitz's Q4 2024 Portfolio in Review
As of Q4 2024, Wallace Weitz held 50 positions worth $1.94B, down 4.4% from $2.03B the previous quarter. Its ten largest holdings account for 48% of the portfolio.
Wallace Weitz withdrew a net $75.1M in Q4 2024, closing 3 positions and reducing 16 holdings. Its most notable exit was Microchip Technology, an estimated $20.8M position sold in full.
By sector, the portfolio is most concentrated in Financials at 24% of assets, up from 23% a quarter earlier, followed by Communication Services and Technology.
Against the trend, Wallace Weitz added an estimated $24.5M to Bio-Techne.
- Wallace Weitz added most to Bio-Techne in Q4 2024, an estimated $24.5M increase.
- Wallace Weitz's biggest Q4 2024 reduction was Roper Technologies, cutting an estimated $19.3M.
- Wallace Weitz fully exited Microchip Technology in Q4 2024, selling an estimated $20.8M.
- Wallace Weitz's ten largest holdings make up 48% of its $1.94B portfolio in Q4 2024.
- Wallace Weitz opened 0 new positions and closed 3 in Q4 2024.
- Wallace Weitz's portfolio value fell 4.4% quarter-over-quarter to $1.94B.
Based on Weitz Investment Management's 13F filing for Q4 2024, filed 12 Feb 2025.