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Wallace Weitz Buys Aon, Texas Instruments Inc., Sandridge Energy Inc, Sells The Buckle Inc., Daily Journal Corp., Directv Group Inc. The

10qk

Wally Weitz of the Weitz Funds just reported his Q2 portfolio. These are the details of the buys and sells.

Weitz Funds’ website features an article Eight Funds - One Philosophy that list the following investment principles for the firm:

  • "We eat our own cooking."
  • We are patient, long-term investors.
  • We try to stay within our "circle of competence."
  • We worry about permanent loss of capital—not price volatility.
  • We think "benchmark risk" is part of investment life.
Wallace Weitz buys Aon, Texas Instruments Inc., Sandridge Energy Inc, Lockheed Martin Corp., Hewitt Associates Inc., Praxair Inc., Omnicom Group Inc., Flir Systems Inc., Hsn, Inc., Ehealth Inc., Target Corp., sells The Buckle Inc., Daily Journal Corp., Directv Group Inc. The, Corporate Executive Board Company, News Corp., Xto Energy Inc. during the 3-months ended 06/30/2010, according to the most recent filings of his investment company, Weitz Wallace R & Co. Wallace Weitz owns 70 stocks with a total value of $1.8 billion. These are the details of the buys and sells.

For the details of Wallace Weitz's stock buys and sells, go to http://www.gurufocus.com/StockBuy.php?GuruName=Wallace+Weitz

This is the sector weightings of his portfolio:

Consumer Services 28.2%
Industrials 17.8%
Financials 14.4%
Technology 13.9%
Health Care 9.2%
Oil & Gas 5.1%
Consumer Goods 3.5%
Telecommunications 2%
Basic Materials 1.3%


These are the top 5 holdings of Wallace Weitz

  1. Redwood Trust Inc. (RWT) - 6,836,155 shares, 5.5% of the total portfolio. Shares reduced by 1.41%
  2. Berkshire Hathaway Inc. (BRK.B) - 1,221,939 shares, 5.35% of the total portfolio. Shares reduced by 38.34%
  3. Liberty Global Inc. Series C (LBTYK) - 3,629,300 shares, 5.18% of the total portfolio. Shares reduced by 2.8%
  4. Liberty Media Corp. Interactive Common S (LINTA) - 8,652,400 shares, 4.99% of the total portfolio. Shares added by 5.22%
  5. Omnicare Inc. (OCR) - 3,625,535 shares, 4.72% of the total portfolio. Shares added by 41.5%


Added: Accenture Ltd (ACN)

Wallace Weitz added to his holdings in Accenture Ltd by 183.77%. His purchase prices were between $36.44 and $44.67, with an estimated average price of $40.32. The impact to his portfolio due to this purchase was 2.35%. His holdings were 1,710,850 shares as of 06/30/2010.

Accenture Limited is a management consulting, technology services and outsourcing organization. Accenture Ltd has a market cap of $25.48 billion; its shares were traded at around $39.99 with a P/E ratio of 15.2 and P/S ratio of 1.1. The dividend yield of Accenture Ltd stocks is 0.9%. Accenture Ltd had an annual average earning growth of 18.3% over the past 10 years.

Added: Google Inc. (GOOG)

Wallace Weitz added to his holdings in Google Inc. by 249.79%. His purchase prices were between $454.26 and $595.3, with an estimated average price of $512.61. The impact to his portfolio due to this purchase was 1.72%. His holdings were 98,641 shares as of 06/30/2010.

GOOG has a market cap of $156.36 billion; its shares were traded at around $491.74 with a P/E ratio of 21.3 and P/S ratio of 6.6. Google Inc. had an annual average earning growth of 65.7% over the past 10 years.

Added: Microsoft Corp. (MSFT)

Wallace Weitz added to his holdings in Microsoft Corp. by 45.31%. His purchase prices were between $23.31 and $31.39, with an estimated average price of $28.01. The impact to his portfolio due to this purchase was 1.42%. His holdings were 3,611,211 shares as of 06/30/2010.

Microsoft Corp. has a market cap of $217.87 billion; its shares were traded at around $24.86 with a P/E ratio of 11.8 and P/S ratio of 3.5. The dividend yield of Microsoft Corp. stocks is 2%. Microsoft Corp. had an annual average earning growth of 10.7% over the past 10 years.

Added: Omnicare Inc. (OCR)

Wallace Weitz added to his holdings in Omnicare Inc. by 41.5%. His purchase prices were between $23.85 and $30.38, with an estimated average price of $26.81. The impact to his portfolio due to this purchase was 1.38%. His holdings were 3,625,535 shares as of 06/30/2010.

Omnicare, Inc., a Fortune five hundred company based in Covington, Kentucky, is a provider of pharmaceutical care for the elderly. Omnicare Inc. has a market cap of $2.4 billion; its shares were traded at around $19.95 with a P/E ratio of 7.9 and P/S ratio of 0.4. The dividend yield of Omnicare Inc. stocks is 0.4%. Omnicare Inc. had an annual average earning growth of 7.8% over the past 10 years.

Added: Monsanto Company (MON)

Wallace Weitz added to his holdings in Monsanto Company by 328.98%. His purchase prices were between $47.34 and $70.83, with an estimated average price of $57.38. The impact to his portfolio due to this purchase was 1.37%. His holdings were 703,092 shares as of 06/30/2010.

Monsanto is a global provider of technology-based solutions and agricultural products for growers and downstream customers, such as grain processors and consumers, in the agricultural markets. Monsanto Company has a market cap of $30.68 billion; its shares were traded at around $56.77 with a P/E ratio of 22.6 and P/S ratio of 2.6. The dividend yield of Monsanto Company stocks is 1.9%. Monsanto Company had an annual average earning growth of 18.2% over the past 10 years.

Added: Conocophillips (COP)

Wallace Weitz added to his holdings in Conocophillips by 52.43%. His purchase prices were between $49.57 and $59.7, with an estimated average price of $54.39. The impact to his portfolio due to this purchase was 1.21%. His holdings were 1,301,292 shares as of 06/30/2010.

ConocoPhillips is a major international integrated energy company with operations in some 49 countries. Conocophillips has a market cap of $82.62 billion; its shares were traded at around $55.51 with a P/E ratio of 10.4 and P/S ratio of 0.6. The dividend yield of Conocophillips stocks is 3.9%. Conocophillips had an annual average earning growth of 18.2% over the past 10 years.

Added: Apollo Group Inc. (APOL)

Wallace Weitz added to his holdings in Apollo Group Inc. by 147.91%. His purchase prices were between $43.13 and $65.74, with an estimated average price of $55.58. The impact to his portfolio due to this purchase was 1.01%. His holdings were 726,450 shares as of 06/30/2010.

Apollo Group, Inc. has been providing higher education to working adults for over 25 years. Apollo Group Inc. has a market cap of $6.08 billion; its shares were traded at around $41.3 with a P/E ratio of 8.1 and P/S ratio of 1.6. Apollo Group Inc. had an annual average earning growth of 26.4% over the past 10 years. GuruFocus rated Apollo Group Inc. the business predictability rank of 4-star.

Added: Walmart Stores Inc. (WMT)

Wallace Weitz added to his holdings in Walmart Stores Inc. by 65.67%. His purchase prices were between $48.8 and $55.53, with an estimated average price of $52.5. The impact to his portfolio due to this purchase was 0.58%. His holdings were 555,000 shares as of 06/30/2010.

Walmart Stores Inc. has a market cap of $189.27 billion; its shares were traded at around $51.02 with a P/E ratio of 13.5 and P/S ratio of 0.5. The dividend yield of Walmart Stores Inc. stocks is 2.4%. Walmart Stores Inc. had an annual average earning growth of 11.1% over the past 10 years. GuruFocus rated Walmart Stores Inc. the business predictability rank of 5-star.

Added: Knot Inc. (KNOT)

Wallace Weitz added to his holdings in Knot Inc. by 109.72%. His purchase prices were between $7 and $8.58, with an estimated average price of $7.87. The impact to his portfolio due to this purchase was 0.49%. His holdings were 2,204,506 shares as of 06/30/2010.

The Knot Inc. is a lifestage media and services company. Knot Inc. has a market cap of $243.1 million; its shares were traded at around $7.2 with a P/E ratio of 90 and P/S ratio of 2.3. Knot Inc. had an annual average earning growth of 7.4% over the past 5 years.

Added: Energizer Holdings Inc. (ENR)

Wallace Weitz added to his holdings in Energizer Holdings Inc. by 194.44%. His purchase prices were between $50.93 and $63, with an estimated average price of $57.66. The impact to his portfolio due to this purchase was 0.48%. His holdings were 265,000 shares as of 06/30/2010.

Energizer Holdings Inc. has a market cap of $4.38 billion; its shares were traded at around $62.51 with a P/E ratio of 11.5 and P/S ratio of 1.1. Energizer Holdings Inc. had an annual average earning growth of 18.5% over the past 10 years. GuruFocus rated Energizer Holdings Inc. the business predictability rank of 4.5-star.

Added: Tyco International Ltd. (switzerland) (TYC)

Wallace Weitz added to his holdings in Tyco International Ltd. (switzerland) by 18.17%. His purchase prices were between $35 and $40.54, with an estimated average price of $38.01. The impact to his portfolio due to this purchase was 0.48%. His holdings were 1,603,600 shares as of 06/30/2010.

Tyco International Ltd. (switzerland) has a market cap of $17.56 billion; its shares were traded at around $36.93 with a P/E ratio of 14.4 and P/S ratio of 1.1. The dividend yield of Tyco International Ltd. (switzerland) stocks is 2%.

Added: United Parcel Service, Inc. (UPS)

Wallace Weitz added to his holdings in United Parcel Service, Inc. by 19.07%. His purchase prices were between $57.54 and $70.7, with an estimated average price of $64.21. The impact to his portfolio due to this purchase was 0.33%. His holdings were 654,900 shares as of 06/30/2010.

United Parcel Service, Inc. has a market cap of $64.74 billion; its shares were traded at around $65.21 with a P/E ratio of 22.9 and P/S ratio of 1.5. The dividend yield of United Parcel Service, Inc. stocks is 2.9%. United Parcel Service, Inc. had an annual average earning growth of 8.5% over the past 10 years. GuruFocus rated United Parcel Service, Inc. the business predictability rank of 5-star.

Added: Laboratory Corp. Of America Holdings (LH)

Wallace Weitz added to his holdings in Laboratory Corp. Of America Holdings by 23.94%. His purchase prices were between $74.99 and $81, with an estimated average price of $77.47. The impact to his portfolio due to this purchase was 0.29%. His holdings were 362,400 shares as of 06/30/2010.

Laboratory Corporation of America Holdings, is one of the largest independent clinical laboratory company's in the United States. Laboratory Corp. Of America Holdings has a market cap of $7.82 billion; its shares were traded at around $74.94 with a P/E ratio of 14.6 and P/S ratio of 1.7. Laboratory Corp. Of America Holdings had an annual average earning growth of 17.6% over the past 10 years.

Added: Liberty Media Corp. Interactive Common S (LINTA)

Wallace Weitz added to his holdings in Liberty Media Corp. Interactive Common S by 5.22%. His purchase prices were between $10.71 and $16.47, with an estimated average price of $14. The impact to his portfolio due to this purchase was 0.25%. His holdings were 8,652,400 shares as of 06/30/2010.

Liberty Media Corporation owns a broad range of electronic retailing, media, communications and entertainment businesses and investments. Liberty Media Corp. Interactive Common S has a market cap of $6.25 billion; its shares were traded at around $11.01 with and P/S ratio of 0.8.

Added: Grand Canyon Education Inc. (LOPE)

Wallace Weitz added to his holdings in Grand Canyon Education Inc. by 17.92%. His purchase prices were between $23.42 and $27.35, with an estimated average price of $25.06. The impact to his portfolio due to this purchase was 0.19%. His holdings were 964,449 shares as of 06/30/2010.

Grand Canyon Education Inc. has a market cap of $806.6 million; its shares were traded at around $17.65 with a P/E ratio of 22.3 and P/S ratio of 3.

Added: The Procter & Gamble Company (PG)

Wallace Weitz added to his holdings in The Procter & Gamble Company by 27.78%. His purchase prices were between $59.79 and $63.94, with an estimated average price of $62.05. The impact to his portfolio due to this purchase was 0.17%. His holdings were 230,000 shares as of 06/30/2010.

The Procter & Gamble Company has a market cap of $173.57 billion; its shares were traded at around $60.27 with a P/E ratio of 16.4 and P/S ratio of 2.2. The dividend yield of The Procter & Gamble Company stocks is 3.2%. The Procter & Gamble Company had an annual average earning growth of 12.9% over the past 10 years. GuruFocus rated The Procter & Gamble Company the business predictability rank of 5-star.

Added: Willis Group Holdings Ltd. (WSH)

Wallace Weitz added to his holdings in Willis Group Holdings Ltd. by 9.16%. His purchase prices were between $29.68 and $34.85, with an estimated average price of $31.92. The impact to his portfolio due to this purchase was 0.16%. His holdings were 1,186,686 shares as of 06/30/2010.

Willis Group Holdings Ltd. has a market cap of $5.12 billion; its shares were traded at around $30.2 with a P/E ratio of 10.8 and P/S ratio of 1.6. The dividend yield of Willis Group Holdings Ltd. stocks is 3.4%. Willis Group Holdings Ltd. had an annual average earning growth of 8.3% over the past 10 years.

Added: Interval Leisure Group, Inc. (IILG)

Wallace Weitz added to his holdings in Interval Leisure Group, Inc. by 14.78%. His purchase prices were between $12.69 and $15.11, with an estimated average price of $14.01. The impact to his portfolio due to this purchase was 0.14%. His holdings were 1,535,215 shares as of 06/30/2010.

Interval Leisure Group, Inc. has a market cap of $742.8 million; its shares were traded at around $13.06 with a P/E ratio of 18.4 and P/S ratio of 1.9.

Added: Lstza (LSTZA)

Wallace Weitz added to his holdings in Lstza by 7.06%. His purchase prices were between $50.05 and $57.04, with an estimated average price of $53.66. The impact to his portfolio due to this purchase was 0.14%. His holdings were 758,250 shares as of 06/30/2010.

Lstza has a market cap of $2.75 billion; its shares were traded at around $56.24 with a P/E ratio of 79.1 and P/S ratio of 1.9.

Added: Aci Worldwide Inc. (ACIW)

Wallace Weitz added to his holdings in Aci Worldwide Inc. by 13.47%. His purchase prices were between $17.79 and $21.03, with an estimated average price of $19.67. The impact to his portfolio due to this purchase was 0.14%. His holdings were 1,078,525 shares as of 06/30/2010.

Aci Worldwide Inc. has a market cap of $676.8 million; its shares were traded at around $19.9 with a P/E ratio of 26.9 and P/S ratio of 1.7. Aci Worldwide Inc. had an annual average earning growth of 20.2% over the past 5 years.

Added: Potash Corp. Of Saskatchewan Inc. (POT)

Wallace Weitz added to his holdings in Potash Corp. Of Saskatchewan Inc. by 70.73%. His purchase prices were between $87.99 and $117.51, with an estimated average price of $103. The impact to his portfolio due to this purchase was 0.14%. His holdings were 70,000 shares as of 06/30/2010.

Potash Corporation of Saskatchewan Inc. is the world's largest potash company, the third largest phoshate producer and the second largest nitrogen producer in the world. Potash Corp. Of Saskatchewan Inc. has a market cap of $32.06 billion; its shares were traded at around $108.2 with a P/E ratio of 23.3 and P/S ratio of 8.1. The dividend yield of Potash Corp. Of Saskatchewan Inc. stocks is 0.4%. Potash Corp. Of Saskatchewan Inc. had an annual average earning growth of 31.7% over the past 10 years. GuruFocus rated Potash Corp. Of Saskatchewan Inc. the business predictability rank of 2.5-star.

Added: Diageo Plc (DEO)

Wallace Weitz added to his holdings in Diageo Plc by 23.53%. His purchase prices were between $59.22 and $71.59, with an estimated average price of $65.67. The impact to his portfolio due to this purchase was 0.14%. His holdings were 210,000 shares as of 06/30/2010.

Diageo is an multinational branded food and drinks company. Diageo Plc has a market cap of $43.07 billion; its shares were traded at around $68.77 with and P/S ratio of 2.8. The dividend yield of Diageo Plc stocks is 3.4%.

Added: Martin Marietta Materials Inc. (MLM)

Wallace Weitz added to his holdings in Martin Marietta Materials Inc. by 3.66%. His purchase prices were between $85.4 and $99.81, with an estimated average price of $91.22. The impact to his portfolio due to this purchase was 0.1%. His holdings were 596,975 shares as of 06/30/2010.

Martin Marietta Materials producer of aggregates for the construction industry, including highways, infrastructure, commercial and residential. Martin Marietta Materials Inc. has a market cap of $3.58 billion; its shares were traded at around $79.03 with a P/E ratio of 43.8 and P/S ratio of 2.1. The dividend yield of Martin Marietta Materials Inc. stocks is 2%. Martin Marietta Materials Inc. had an annual average earning growth of 7.7% over the past 10 years.

Added: Compass Minerals International Inc. (CMP)

Wallace Weitz added to his holdings in Compass Minerals International Inc. by 22.36%. His purchase prices were between $71.87 and $80.22, with an estimated average price of $76.99. The impact to his portfolio due to this purchase was 0.06%. His holdings were 79,340 shares as of 06/30/2010.

Compass Minerals is the largest producer of rock, or highway deicing, salt in North America and the United Kingdom and operates the largest highway deicing salt mines in these regions. Compass Minerals International Inc. has a market cap of $2.34 billion; its shares were traded at around $71.61 with a P/E ratio of 15.1 and P/S ratio of 2.4. The dividend yield of Compass Minerals International Inc. stocks is 2.2%. Compass Minerals International Inc. had an annual average earning growth of 16.9% over the past 5 years.

Added: Ascent Media Corporation - Series A Common Stock (ASCMA)

Wallace Weitz added to his holdings in Ascent Media Corporation - Series A Common Stock by 66.67%. His purchase prices were between $25.35 and $30.53, with an estimated average price of $27.9. The impact to his portfolio due to this purchase was 0.06%. His holdings were 100,000 shares as of 06/30/2010.

ASCENT MEDIA GROUP provides creative and network services to the media and entertainment industries in the United States, the United Kingdom and Singapore. Ascent Media Corporation - Series A Common Stock has a market cap of $369.9 million; its shares were traded at around $27.28 with and P/S ratio of 0.9.

Added: Apache Corp. (APA)

Wallace Weitz added to his holdings in Apache Corp. by 140%. His purchase prices were between $84.51 and $109.87, with an estimated average price of $97.4. The impact to his portfolio due to this purchase was 0.02%. His holdings were 6,000 shares as of 06/30/2010.

Apache Corporation is an independent energy company that explores for, develops and produces natural gas, crude oil and natural gas liquids. Apache Corp. has a market cap of $31.14 billion; its shares were traded at around $92.33 with a P/E ratio of 11.4 and P/S ratio of 3.7. The dividend yield of Apache Corp. stocks is 0.6%. Apache Corp. had an annual average earning growth of 16.6% over the past 10 years. GuruFocus rated Apache Corp. the business predictability rank of 3-star.

Added: Tree.com, Inc. (TREE)

Wallace Weitz added to his holdings in Tree.com, Inc. by 100%. His purchase prices were between $6.36 and $9.45, with an estimated average price of $7.69. The impact to his portfolio due to this purchase was 0.01%. His holdings were 40,000 shares as of 06/30/2010.

TREE.COM, INC. is the parent of several well-known brands and businesses in the financial services and real estate industries including LendingTree, LendingTree Loans(sm), GetSmart. Tree.com, Inc. has a market cap of $73.7 million; its shares were traded at around $6.57 with and P/S ratio of 0.3.

New Purchase: Aon (AON)

Wallace Weitz initiated holdings in Aon. His purchase prices were between $37.72 and $44.26, with an estimated average price of $41.04. The impact to his portfolio due to this purchase was 2.66%. His holdings were 1,306,000 shares as of 06/30/2010.

Aon has a market cap of $10.06 billion; its shares were traded at around $37.33 with a P/E ratio of 11.5 and P/S ratio of 1.4. The dividend yield of Aon stocks is 1.6%. Aon had an annual average earning growth of 2.7% over the past 10 years.

New Purchase: Texas Instruments Inc. (TXN)

Wallace Weitz initiated holdings in Texas Instruments Inc.. His purchase prices were between $23.67 and $27.16, with an estimated average price of $25.23. The impact to his portfolio due to this purchase was 1.92%. His holdings were 1,500,300 shares as of 06/30/2010.

Texas Instruments Inc. has a market cap of $30.52 billion; its shares were traded at around $24.97 with a P/E ratio of 12 and P/S ratio of 3. The dividend yield of Texas Instruments Inc. stocks is 1.9%. Texas Instruments Inc. had an annual average earning growth of 4.2% over the past 5 years.

New Purchase: Sandridge Energy Inc (SD)

Wallace Weitz initiated holdings in Sandridge Energy Inc. His purchase prices were between $5.4 and $7.85, with an estimated average price of $6.85. The impact to his portfolio due to this purchase was 1.49%. His holdings were 4,662,700 shares as of 06/30/2010.

SandRidge Energy, Inc. is an oil and natural gas company headquartered in Oklahoma City with its principal focus on exploration and production. Sandridge Energy Inc has a market cap of $977.2 million; its shares were traded at around $4.63 with a P/E ratio of 9.1 and P/S ratio of 1.7.

New Purchase: Lockheed Martin Corp. (LMT)

Wallace Weitz initiated holdings in Lockheed Martin Corp.. His purchase prices were between $75.15 and $86.92, with an estimated average price of $81.59. The impact to his portfolio due to this purchase was 0.98%. His holdings were 238,480 shares as of 06/30/2010.

Lockheed Martin Corp. has a market cap of $27.33 billion; its shares were traded at around $73.12 with a P/E ratio of 9.5 and P/S ratio of 0.6. The dividend yield of Lockheed Martin Corp. stocks is 3.4%. Lockheed Martin Corp. had an annual average earning growth of 17% over the past 10 years. GuruFocus rated Lockheed Martin Corp. the business predictability rank of 2.5-star.

New Purchase: Hewitt Associates Inc. (HEW)

Wallace Weitz initiated holdings in Hewitt Associates Inc.. His purchase prices were between $34.75 and $41.59, with an estimated average price of $38.25. The impact to his portfolio due to this purchase was 0.65%. His holdings were 343,700 shares as of 06/30/2010.

Hewitt Associates is a global provider of human resources outsourcing and consulting services. Hewitt Associates Inc. has a market cap of $4.55 billion; its shares were traded at around $48.91 with a P/E ratio of 18 and P/S ratio of 1.5. Hewitt Associates Inc. had an annual average earning growth of 8.1% over the past 10 years.

New Purchase: Praxair Inc. (PX)

Wallace Weitz initiated holdings in Praxair Inc.. His purchase prices were between $74.12 and $88.27, with an estimated average price of $80.93. The impact to his portfolio due to this purchase was 0.63%. His holdings were 150,000 shares as of 06/30/2010.

Praxair is one of the largest industrial gases companies in North and South America. Praxair Inc. has a market cap of $26.57 billion; its shares were traded at around $86.86 with a P/E ratio of 19.8 and P/S ratio of 2.9. The dividend yield of Praxair Inc. stocks is 2%. Praxair Inc. had an annual average earning growth of 10.8% over the past 10 years. GuruFocus rated Praxair Inc. the business predictability rank of 4-star.

New Purchase: Omnicom Group Inc. (OMC)

Wallace Weitz initiated holdings in Omnicom Group Inc.. His purchase prices were between $34.85 and $43.58, with an estimated average price of $39.38. The impact to his portfolio due to this purchase was 0.6%. His holdings were 317,500 shares as of 06/30/2010.

Omnicom Group Inc. has a market cap of $11.43 billion; its shares were traded at around $37.24 with a P/E ratio of 14.4 and P/S ratio of 1. The dividend yield of Omnicom Group Inc. stocks is 2.2%. Omnicom Group Inc. had an annual average earning growth of 9% over the past 10 years. GuruFocus rated Omnicom Group Inc. the business predictability rank of 5-star.

New Purchase: Flir Systems Inc. (FLIR)

Wallace Weitz initiated holdings in Flir Systems Inc.. His purchase prices were between $26.73 and $31.42, with an estimated average price of $28.98. The impact to his portfolio due to this purchase was 0.06%. His holdings were 35,000 shares as of 06/30/2010.

FLIR Systems, Inc. designs, manufactures and markets thermal imaging and broadcast camera systems for applications in the commercial and government markets. Flir Systems Inc. has a market cap of $4.26 billion; its shares were traded at around $27.77 with a P/E ratio of 18.5 and P/S ratio of 3.7. Flir Systems Inc. had an annual average earning growth of 25.6% over the past 5 years.

New Purchase: HSN, Inc. (HSNI)

Wallace Weitz initiated holdings in Hsn, Inc.. His purchase prices were between $23.07 and $33.68, with an estimated average price of $27.92. The impact to his portfolio due to this purchase was 0.05%. His holdings were 39,750 shares as of 06/30/2010.

HSNi owns and operates, through its subsidiaries, HSN, a retailer and interactive lifestyle network offering a broad assortment of products through television home shopping programming on the HSN television network and HSN. Hsn, Inc. has a market cap of $1.53 billion; its shares were traded at around $26.75 with a P/E ratio of 16.1 and P/S ratio of 0.6.

New Purchase: Ehealth Inc. (EHTH)

Wallace Weitz initiated holdings in Ehealth Inc.. His purchase prices were between $11.14 and $15.75, with an estimated average price of $13.32. The impact to his portfolio due to this purchase was 0.04%. His holdings were 70,000 shares as of 06/30/2010.

eHealth, Inc. is the parent company of eHealthInsurance, the online source of health insurance for individuals, families and small businesses. Ehealth Inc. has a market cap of $244.7 million; its shares were traded at around $10.4 with a P/E ratio of 17 and P/S ratio of 1.8.

New Purchase: Target Corp. (TGT)

Wallace Weitz initiated holdings in Target Corp.. His purchase prices were between $49 and $58.05, with an estimated average price of $54.62. The impact to his portfolio due to this purchase was 0.03%. His holdings were 12,500 shares as of 06/30/2010.

Target Corp. has a market cap of $38.3 billion; its shares were traded at around $52.01 with a P/E ratio of 14.8 and P/S ratio of 0.6. The dividend yield of Target Corp. stocks is 1.3%. Target Corp. had an annual average earning growth of 9.8% over the past 10 years. GuruFocus rated Target Corp. the business predictability rank of 4.5-star.

Reduced: Liberty Global Inc. (LBTYA)

Wallace Weitz reduced to his holdings in Liberty Global Inc. by 25%. His sale prices were between $23.34 and $29.64, with an estimated average price of $26.62. The impact to his portfolio due to this sale was -0.01%. Wallace Weitz still held 30,000 shares as of 06/30/2010.

Liberty Global owns interests primarily in broadband distribution and content companies operating outside the continental U. Liberty Global Inc. has a market cap of $7.47 billion; its shares were traded at around $28.52 with and P/S ratio of 0.7. Liberty Global Inc. had an annual average earning growth of 52.3% over the past 5 years.

Reduced: Eog Resources Inc. (EOG)

Wallace Weitz reduced to his holdings in Eog Resources Inc. by 68.97%. His sale prices were between $95.58 and $113.72, with an estimated average price of $106.12. The impact to his portfolio due to this sale was -0.01%. Wallace Weitz still held 4,500 shares as of 06/30/2010.

Eog Resources Inc. has a market cap of $24.59 billion; its shares were traded at around $97.15 with a P/E ratio of 41 and P/S ratio of 5.1. The dividend yield of Eog Resources Inc. stocks is 0.6%. Eog Resources Inc. had an annual average earning growth of 17.4% over the past 10 years. GuruFocus rated Eog Resources Inc. the business predictability rank of 4.5-star.

Reduced: The Progressive Corp. (PGR)

Wallace Weitz reduced to his holdings in The Progressive Corp. by 90.73%. His sale prices were between $18.81 and $20.86, with an estimated average price of $19.83. The impact to his portfolio due to this sale was -0.03%. Wallace Weitz still held 30,700 shares as of 06/30/2010.

The Progressive Corp. has a market cap of $12.87 billion; its shares were traded at around $19.2 with a P/E ratio of 12.6 and P/S ratio of 0.9. The dividend yield of The Progressive Corp. stocks is 0.8%.

Reduced: ITT Educational Services Inc. (ESI)

Wallace Weitz reduced to his holdings in Itt Educational Services Inc. by 82.67%. His sale prices were between $85 and $119.2, with an estimated average price of $103.71. The impact to his portfolio due to this sale was -0.04%. Wallace Weitz still held 10,000 shares as of 06/30/2010.

ITT EDUCATIONAL SERVICES, INC. is a proprietary provider of technical postsecondary degree programs in the United States based on student enrollment. Itt Educational Services Inc. has a market cap of $2.45 billion; its shares were traded at around $70.8 with a P/E ratio of 7.2 and P/S ratio of 1.9. Itt Educational Services Inc. had an annual average earning growth of 33.9% over the past 10 years. GuruFocus rated Itt Educational Services Inc. the business predictability rank of 5-star.

Reduced: Berkshire Hathaway Inc. (BRK.A)

Wallace Weitz reduced to his holdings in Berkshire Hathaway Inc. by 38.02%. His sale prices were between $104950 and $122420, with an estimated average price of $115046. The impact to his portfolio due to this sale was -0.3%. Wallace Weitz still held 119 shares as of 06/30/2010.

Berkshire Hathaway Inc. is a holding company owning subsidiaries engaged in a number of diverse business activities. Berkshire Hathaway Inc. has a market cap of $191.84 billion; its shares were traded at around $116480 with a P/E ratio of 22.3 and P/S ratio of 2.1. Berkshire Hathaway Inc. had an annual average earning growth of 13.2% over the past 10 years.

Reduced: The Washington Post Company (WPO)

Wallace Weitz reduced to his holdings in The Washington Post Company by 62.29%. His sale prices were between $412.92 and $541.38, with an estimated average price of $483.08. The impact to his portfolio due to this sale was -0.33%. Wallace Weitz still held 23,609 shares as of 06/30/2010.

The Washington Post Company has a market cap of $3.36 billion; its shares were traded at around $363.25 with a P/E ratio of 12.1 and P/S ratio of 0.8. The dividend yield of The Washington Post Company stocks is 2.4%. The Washington Post Company had an annual average earning growth of 3% over the past 10 years.

Reduced: Wellpoint Inc. (WLP)

Wallace Weitz reduced to his holdings in Wellpoint Inc. by 44.13%. His sale prices were between $49.57 and $65.34, with an estimated average price of $55.02. The impact to his portfolio due to this sale was -0.38%. Wallace Weitz still held 325,000 shares as of 06/30/2010.

Wellpoint Inc. has a market cap of $21.92 billion; its shares were traded at around $51.31 with a P/E ratio of 7.8 and P/S ratio of 0.4. Wellpoint Inc. had an annual average earning growth of 21.6% over the past 10 years.

Reduced: Liberty Media Corp. Capital Common Serie (LCAPA)

Wallace Weitz reduced to his holdings in Liberty Media Corp. Capital Common Serie by 77.98%. His sale prices were between $36.73 and $45.83, with an estimated average price of $41.86. The impact to his portfolio due to this sale was -0.82%. Wallace Weitz still held 454,416 shares as of 06/30/2010.

Liberty Media Corporation owns interests in a broad range of electronic retailing, media, communications and entertainment businesses. Liberty Media Corp. Capital Common Serie has a market cap of $4.06 billion; its shares were traded at around $46.11 with and P/S ratio of 0.4.

Reduced: Coinstar Inc. (CSTR)

Wallace Weitz reduced to his holdings in Coinstar Inc. by 50.11%. His sale prices were between $32.74 and $57.83, with an estimated average price of $46.31. The impact to his portfolio due to this sale was -0.85%. Wallace Weitz still held 716,812 shares as of 06/30/2010.

Coinstar, Inc. operate a national network of self-service coin-counting machines in the U. Coinstar Inc. has a market cap of $1.46 billion; its shares were traded at around $46.04 with a P/E ratio of 37.5 and P/S ratio of 1.3. Coinstar Inc. had an annual average earning growth of 24.4% over the past 10 years. GuruFocus rated Coinstar Inc. the business predictability rank of 4-star.

Reduced: Comcast Corp. Special (CMCSK)

Wallace Weitz reduced to his holdings in Comcast Corp. Special by 35.23%. His sale prices were between $16.0275 and $19.33, with an estimated average price of $17.43. The impact to his portfolio due to this sale was -0.88%. Wallace Weitz still held 2,758,900 shares as of 06/30/2010.

Comcast Corp. Special has a market cap of $49.03 billion; its shares were traded at around $16.96 with a P/E ratio of 14.1 and P/S ratio of 1.4. The dividend yield of Comcast Corp. Special stocks is 2.3%. Comcast Corp. Special had an annual average earning growth of 14.9% over the past 10 years.

Reduced: Berkshire Hathaway Inc. (BRK.B)

Wallace Weitz reduced to his holdings in Berkshire Hathaway Inc. by 38.34%. His sale prices were between $70.04 and $81.9, with an estimated average price of $76.75. The impact to his portfolio due to this sale was -2.05%. Wallace Weitz still held 1,221,939 shares as of 06/30/2010.

Berkshire Hathaway Inc. has a market cap of $192.2 billion; its shares were traded at around $77.5 with a P/E ratio of 22.6 and P/S ratio of 1.9. Berkshire Hathaway Inc. had an annual average earning growth of 13.2% over the past 10 years.

Sold Out: The Buckle Inc. (BKE)

Wallace Weitz sold out his holdings in The Buckle Inc.. His sale prices were between $32.28 and $40, with an estimated average price of $35.9.

Buckle, Inc. is a retailer of medium to better-priced casual apparel for young men and women. The Buckle Inc. has a market cap of $1.23 billion; its shares were traded at around $26.4 with a P/E ratio of 9.4 and P/S ratio of 1.4. The dividend yield of The Buckle Inc. stocks is 3%. The Buckle Inc. had an annual average earning growth of 18.2% over the past 10 years.

Sold Out: Daily Journal Corp. (DJCO)

Wallace Weitz sold out his holdings in Daily Journal Corp.. His sale prices were between $67.5 and $72.985, with an estimated average price of $70.76.

Daily Journal Corp. has a market cap of $95.4 million; its shares were traded at around $65.91 with a P/E ratio of 10.9 and P/S ratio of 2.4. Daily Journal Corp. had an annual average earning growth of 11.3% over the past 10 years.

Sold Out: Corporate Executive Board Company (EXBD)

Wallace Weitz sold out his holdings in Corporate Executive Board Company. His sale prices were between $26.71 and $32.76, with an estimated average price of $29.07.

Corporate Executive Board Company has a market cap of $1.04 billion; its shares were traded at around $30.3 with a P/E ratio of 20.1 and P/S ratio of 2.3. The dividend yield of Corporate Executive Board Company stocks is 1.4%. Corporate Executive Board Company had an annual average earning growth of 17.3% over the past 10 years. GuruFocus rated Corporate Executive Board Company the business predictability rank of 3-star.

Sold Out: News Corp. (NWSA)

Wallace Weitz sold out his holdings in News Corp.. His sale prices were between $12.21 and $16.24, with an estimated average price of $14.16.

News Corp. has a market cap of $24.4 billion; its shares were traded at around $13.39 with a P/E ratio of 13.8 and P/S ratio of 0.8. The dividend yield of News Corp. stocks is 1.1%.

Sold Out: Directv Group Inc. The (DTV)

Wallace Weitz sold out his holdings in Directv Group Inc. The. His sale prices were between $34.27 and $39.68, with an estimated average price of $36.78.

Directv Group Inc. has a market cap of $34.42 billion; its shares were traded at around $38.8 with a P/E ratio of 19 and P/S ratio of 1.6. Directv Group Inc. The had an annual average earning growth of 33.4% over the past 10 years.


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