After a tough year in 2008, Wallace Weitz has seen his funds recovered from deep losses. Now he expects that “the eventual direction of the market is likely to be up, but investors may need lots of patience over the next year or two.” He is buying more.
Wally Weitz buys Weight Watchers International Inc., Live Nation Inc., The Progressive Corp., Ascent Media Corporation - Series A Common Stock, Tree.com, Inc., Comcast Corp., sells Ticketmaster Entertainment, Inc., Lowe's Companies Inc., Discovery Communications, Inc, Convera Corp., Hsn, Inc., Burlington Northern Santa Fe Corp. during the 3-months ended 03/31/2010, according to the most recent filings of his investment company, Weitz Wallace R & Co. Wallace Weitz owns 65 stocks with a total value of $1.8 billion. These are the details of the buys and sells.
This is the sector weightings of his portfolio:
These are the top 5 holdings of Wallace Weitz
ConocoPhillips is a major international integrated energy company with operations in some 49 countries. Conocophillips has a market cap of $87.05 billion; its shares were traded at around $58.55 with a P/E ratio of 16.3 and P/S ratio of 0.6. The dividend yield of Conocophillips stocks is 3.3%. Conocophillips had an annual average earning growth of 18.2% over the past 10 years.
Autozone is the nation's specialty retailer of automotive parts and accessories, primarily focusing on do-it-yourself customers. Autozone Inc. has a market cap of $8.92 billion; its shares were traded at around $180.26 with a P/E ratio of 14.1 and P/S ratio of 1.3. Autozone Inc. had an annual average earning growth of 19.4% over the past 10 years. GuruFocus rated Autozone Inc. the business predictability rank of 3.5-star.
Accenture Limited is a management consulting, technology services and outsourcing organization. Accenture Ltd has a market cap of $27.52 billion; its shares were traded at around $43.52 with a P/E ratio of 16.9 and P/S ratio of 1.2. 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.
WellPoint, Inc. is the largest publicly traded commercial health benefits company in terms of membership in the United States. Wellpoint Inc. has a market cap of $25.5 billion; its shares were traded at around $57.45 with a P/E ratio of 9.6 and P/S ratio of 0.4. Wellpoint Inc. had an annual average earning growth of 21.6% over the past 10 years.
Discovery Communications is the world's number one nonfiction media company reaching more than 1. Discovery Communications, Inc - Series C Common St has a market cap of $4.39 billion; its shares were traded at around $31 with a P/E ratio of 25.4 and P/S ratio of 1.2.
Transaction Systems Architects, Inc. develops, markets, installs and supports a broad line of software products and services primarily focused on facilitating electronic payments and electronic commerce. Aci Worldwide Inc. has a market cap of $691 million; its shares were traded at around $20.3 with a P/E ratio of 26.1 and P/S ratio of 1.7.
The Knot Inc. is a lifestage media and services company. Knot Inc. has a market cap of $273.5 million; its shares were traded at around $8.1 with a P/E ratio of 135 and P/S ratio of 2.6.
Dell Inc. is a premier provider of products and services required for customers worldwide to build their information-technology and Internet infrastructures. Dell Inc. has a market cap of $32.32 billion; its shares were traded at around $16.51 with a P/E ratio of 16.7 and P/S ratio of 0.6. Dell Inc. had an annual average earning growth of 4.1% over the past 10 years.
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 $2.47 billion; its shares were traded at around $75.75 with a P/E ratio of 15.2 and P/S ratio of 2.5. The dividend yield of Compass Minerals International Inc. stocks is 2%. Compass Minerals International Inc. had an annual average earning growth of 16.1% over the past 5 years.
Google is a public and profitable company focused on search services. Google Inc. has a market cap of $168.27 billion; its shares were traded at around $529.19 with a P/E ratio of 24.1 and P/S ratio of 7.2. Google Inc. had an annual average earning growth of 65.7% over the past 10 years.
Energizer Holdings is the world's largest manufacturer of primary batteries and flashlights and a global leader in the dynamic business of providing portable power. Energizer Holdings Inc. has a market cap of $4.24 billion; its shares were traded at around $60.67 with a P/E ratio of 11.9 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.
REDWOOD TRUST INC. is a self-advised and self-managed real estate investment trust. Redwood Trust Inc. has a market cap of $1.27 billion; its shares were traded at around $16.28 with a P/E ratio of 23 and P/S ratio of 4.4. The dividend yield of Redwood Trust Inc. stocks is 6.1%.
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 $34.45 billion; its shares were traded at around $63.14 with a P/E ratio of 21.4 and P/S ratio of 2.9. The dividend yield of Monsanto Company stocks is 1.6%. Monsanto Company had an annual average earning growth of 18.2% over the past 10 years.
Microsoft develops, manufactures, licenses, and supports a wide range of software products for a multitude of computing devices. Microsoft Corp. has a market cap of $271.1 billion; its shares were traded at around $30.91 with a P/E ratio of 15.9 and P/S ratio of 4.7. The dividend yield of Microsoft Corp. stocks is 1.7%.
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 $4.23 billion; its shares were traded at around $93.43 with a P/E ratio of 49.9 and P/S ratio of 2.5. The dividend yield of Martin Marietta Materials Inc. stocks is 1.8%. Martin Marietta Materials Inc. had an annual average earning growth of 8% over the past 10 years.
Grand Canyon Education, Inc. is a regionally accredited provider of online postsecondary education services focused on offering graduate and undergraduate degree programs in its core disciplines of education, business, and healthcare. Grand Canyon Education Inc. has a market cap of $1.14 billion; its shares were traded at around $24.96 with a P/E ratio of 36.2 and P/S ratio of 4.4.
Vulcan Materials Company is the nation's foremost producer of constructionaggregates, a major producer of other construction materials and a leadingchemicals manufacturer, supplying chloralkali and other industrial andspecialty chemicals. Vulcan Materials Company has a market cap of $7.08 billion; its shares were traded at around $56.06 with a P/E ratio of 431.2 and P/S ratio of 2.6. The dividend yield of Vulcan Materials Company stocks is 1.8%.
Coinstar, Inc. operate a national network of self-service coin-counting machines in the U. Coinstar Inc. has a market cap of $1.15 billion; its shares were traded at around $37.07 with a P/E ratio of 37.1 and P/S ratio of 1. 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.
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 $3.42 billion; its shares were traded at around $28.45 with a P/E ratio of 10.3 and P/S ratio of 0.6. The dividend yield of Omnicare Inc. stocks is 0.3%. Omnicare Inc. had an annual average earning growth of 7.8% over the past 10 years.
Weight Watchers International, Inc. is the largest provider of weight control programs in the world. Weight Watchers International Inc. has a market cap of $2.05 billion; its shares were traded at around $26.67 with a P/E ratio of 10.1 and P/S ratio of 1.5. The dividend yield of Weight Watchers International Inc. stocks is 2.6%. Weight Watchers International Inc. had an annual average earning growth of 15% over the past 10 years.
Live Nation Entertainment, Inc. is the world's premier live entertainment company, consisting of Live Nation, Ticketmaster and Front Line Management Group. Live Nation Inc. has a market cap of $1.33 billion; its shares were traded at around $15.94 with and P/S ratio of 0.3. Live Nation Inc. had an annual average earning growth of 14% over the past 5 years.
Progressive Corp. is an auto insurance company and a writer of auto insurance through independent agents. The Progressive Corp. has a market cap of $13.52 billion; its shares were traded at around $20.14 with a P/E ratio of 12.8 and P/S ratio of 0.9. The dividend yield of The Progressive Corp. stocks is 0.8%.
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 $395.7 million; its shares were traded at around $29.43 with and P/S ratio of 0.9.
Comcast Corp., among the world's communication companies, provides basic cable, digital cable and high speed internet services that connect people to what's important in their lives. Comcast Corp. has a market cap of $53.37 billion; its shares were traded at around $18.81 with a P/E ratio of 16.1 and P/S ratio of 1.5. The dividend yield of Comcast Corp. stocks is 2.1%. Comcast Corp. had an annual average earning growth of 15.1% over the past 10 years.
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 $102.1 million; its shares were traded at around $9.27 with and P/S ratio of 0.5.
Liberty Global owns interests primarily in broadband distribution and content companies operating outside the continental U. Liberty Global Inc. has a market cap of $7.26 billion; its shares were traded at around $27.1 with a P/E ratio of 13.3 and P/S ratio of 0.7. Liberty Global Inc. had an annual average earning growth of 52.3% over the past 5 years.
DAILY JOURNAL CORPORATION publishes newspapers in California, Washington, Arizona, Colorado and Nevada. Daily Journal Corp. has a market cap of $101.2 million; its shares were traded at around $69.9015 with a P/E ratio of 11.7 and P/S ratio of 2.5. Daily Journal Corp. had an annual average earning growth of 11.3% over the past 10 years.
Corporate Executive Board provides `best practices` research and analysis focusing on corporate strategy, operations and general management issues. Corporate Executive Board Company has a market cap of $939.8 million; its shares were traded at around $27.52 with a P/E ratio of 16.6 and P/S ratio of 2.1. The dividend yield of Corporate Executive Board Company stocks is 1.6%. 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 3.5-star.
UnitedHealth Group Inc. offers health care coverage and related services to help people achieve improved health and well-being through all stages of life. Unitedhealth Group Inc. has a market cap of $35.24 billion; its shares were traded at around $30.44 with a P/E ratio of 8.8 and P/S ratio of 0.4. The dividend yield of Unitedhealth Group Inc. stocks is 0.1%. Unitedhealth Group Inc. had an annual average earning growth of 22.1% over the past 10 years. GuruFocus rated Unitedhealth Group Inc. the business predictability rank of 4-star.
XTO Energy Inc. is engaged in the acquisition, development, exploitation and exploration of producing oil and gas properties, and in the production, processing, marketing and transportation of oil and natural gas. Xto Energy Inc. has a market cap of $28.4 billion; its shares were traded at around $48.69 with a P/E ratio of 13.6 and P/S ratio of 3.2. The dividend yield of Xto Energy Inc. stocks is 1%. Xto Energy Inc. had an annual average earning growth of 31.8% over the past 10 years. GuruFocus rated Xto Energy Inc. the business predictability rank of 5-star.
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 $190.44 billion; its shares were traded at around $115625 with a P/E ratio of 22.3 and P/S ratio of 1.6. Berkshire Hathaway Inc. had an annual average earning growth of 16.5% over the past 10 years.
Telephone & Data Systems is a diversified telecommunications corporation. Tel And Data Sys has a market cap of $1.53 billion; its shares were traded at around $29.3 with and P/S ratio of 0.31. The dividend yield of Tel And Data Sys stocks is 1.45%. Tel And Data Sys had an annual average earning growth of 2% over the past 10 years.
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 $3.94 billion; its shares were traded at around $43.81 with and P/S ratio of 0.4.
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 $191.38 billion; its shares were traded at around $77.17 with a P/E ratio of 22.3 and P/S ratio of 1.6. Berkshire Hathaway Inc. had an annual average earning growth of 16.6% over the past 10 years.
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 $1.81 billion; its shares were traded at around $31.77 with a P/E ratio of 25.1 and P/S ratio of 0.7.
Convera Corporation is a provider of search technologies for professional workers. Convera Corp. has a market cap of $4.17 million; its shares were traded at around $0.15 with and P/S ratio of 3.11. Convera Corp. had an annual average earning growth of 1.6% over the past 5 years.
Lowe's Companies Inc. is a retailer of home improvement products in the world, with specific emphasis on retail do-it-yourself and commercial business customers. Lowe's Companies Inc. has a market cap of $39.01 billion; its shares were traded at around $27.03 with a P/E ratio of 22 and P/S ratio of 0.9. The dividend yield of Lowe's Companies Inc. stocks is 1.4%. Lowe's Companies Inc. had an annual average earning growth of 12.3% over the past 10 years.
DISCOVERY COMMUNICATIONS INC., formerly Discovery Holding Company, is a holding company that conducts operations through its two wholly owned operating subsidiaries, Ascent Media Group, LLC and Ascent Media CANS, LLC, and throught its 66. Discovery Communications, Inc has a market cap of $10.28 billion; its shares were traded at around $36.25 with a P/E ratio of 29.7 and P/S ratio of 2.9.
Wally Weitz buys Weight Watchers International Inc., Live Nation Inc., The Progressive Corp., Ascent Media Corporation - Series A Common Stock, Tree.com, Inc., Comcast Corp., sells Ticketmaster Entertainment, Inc., Lowe's Companies Inc., Discovery Communications, Inc, Convera Corp., Hsn, Inc., Burlington Northern Santa Fe Corp. during the 3-months ended 03/31/2010, according to the most recent filings of his investment company, Weitz Wallace R & Co. Wallace Weitz owns 65 stocks with a total value of $1.8 billion. These are the details of the buys and sells.
- New Purchases: ASCMA, CMCSA, LYV, PGR, TREE, WTW,
- Added Positions: ACIW, ACN, AZO, CMP, COP, CSTR, DELL, DISCK, ENR, GOOG, KNOT, LOPE, MLM, MON, MSFT, OCR, RWT, VMC, WLP,
- Reduced Positions: BRK-A, BRK-B, DJCO, EXBD, LBTYA, LCAPA, TDS-S, UNH, XTO,
- Sold Out: CNVR, DISCA, HSNI, LOW,
This is the sector weightings of his portfolio:
| Consumer Services | 36.6% |
| Financials | 18.8% |
| Industrials | 14.3% |
| Technology | 10.8% |
| Health Care | 8.1% |
| Oil & Gas | 3.1% |
| Consumer Goods | 3% |
| Telecommunications | 2.6% |
| Basic Materials | 0.6% |
These are the top 5 holdings of Wallace Weitz
- Berkshire Hathaway Inc. (BRK-B) - 1,981,853 shares, 8.76% of the total portfolio. Shares reduced by 28.33%
- Liberty Media Corp. Interactive Common S (LINTA) - 8,223,200 shares, 6.85% of the total portfolio. Shares reduced by 3.93%
- Liberty Global Inc. Series C (LBTYK) - 3,734,000 shares, 5.87% of the total portfolio. Shares reduced by 7.39%
- Redwood Trust Inc. (RWT) - 6,934,100 shares, 5.82% of the total portfolio. Shares added by 3.97%
- Dell Inc. (DELL) - 5,965,621 shares, 4.87% of the total portfolio. Shares added by 5.75%
Added: Conocophillips (COP, Financial)
Wallace Weitz added to his holdings in Conocophillips by 98.58%. His purchase prices were between $47.37 and $53.71, with an estimated average price of $50.66. The impact to his portfolio due to this purchase was 1.18%. His holdings were 853,700 shares as of 03/31/2010.ConocoPhillips is a major international integrated energy company with operations in some 49 countries. Conocophillips has a market cap of $87.05 billion; its shares were traded at around $58.55 with a P/E ratio of 16.3 and P/S ratio of 0.6. The dividend yield of Conocophillips stocks is 3.3%. Conocophillips had an annual average earning growth of 18.2% over the past 10 years.
Added: Autozone Inc. (AZO, Financial)
Wallace Weitz added to his holdings in Autozone Inc. by 184.89%. His purchase prices were between $173.23 and $173.58, with an estimated average price of $173.41. The impact to his portfolio due to this purchase was 1.1%. His holdings were 179,564 shares as of 03/31/2010.Autozone is the nation's specialty retailer of automotive parts and accessories, primarily focusing on do-it-yourself customers. Autozone Inc. has a market cap of $8.92 billion; its shares were traded at around $180.26 with a P/E ratio of 14.1 and P/S ratio of 1.3. Autozone Inc. had an annual average earning growth of 19.4% over the past 10 years. GuruFocus rated Autozone Inc. the business predictability rank of 3.5-star.
Added: Accenture Ltd (ACN, Financial)
Wallace Weitz added to his holdings in Accenture Ltd by 323.09%. His purchase prices were between $42.21 and $42.3, with an estimated average price of $42.26. The impact to his portfolio due to this purchase was 1.05%. His holdings were 602,900 shares as of 03/31/2010.Accenture Limited is a management consulting, technology services and outsourcing organization. Accenture Ltd has a market cap of $27.52 billion; its shares were traded at around $43.52 with a P/E ratio of 16.9 and P/S ratio of 1.2. 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: Wellpoint Inc. (WLP, Financial)
Wallace Weitz added to his holdings in Wellpoint Inc. by 48.28%. His purchase prices were between $58.29 and $68.06, with an estimated average price of $62.61. The impact to his portfolio due to this purchase was 0.66%. His holdings were 581,675 shares as of 03/31/2010.WellPoint, Inc. is the largest publicly traded commercial health benefits company in terms of membership in the United States. Wellpoint Inc. has a market cap of $25.5 billion; its shares were traded at around $57.45 with a P/E ratio of 9.6 and P/S ratio of 0.4. Wellpoint Inc. had an annual average earning growth of 21.6% over the past 10 years.
Added: Discovery Communications, Inc - Series C Common St (DISCK, Financial)
Wallace Weitz added to his holdings in Discovery Communications, Inc - Series C Common St by 1226.8%. His purchase prices were between $25.33 and $29.8, with an estimated average price of $27.62. The impact to his portfolio due to this purchase was 0.49%. His holdings were 331,700 shares as of 03/31/2010.Discovery Communications is the world's number one nonfiction media company reaching more than 1. Discovery Communications, Inc - Series C Common St has a market cap of $4.39 billion; its shares were traded at around $31 with a P/E ratio of 25.4 and P/S ratio of 1.2.
Added: Aci Worldwide Inc. (ACIW, Financial)
Wallace Weitz added to his holdings in Aci Worldwide Inc. by 61.24%. His purchase prices were between $21.01 and $21.04, with an estimated average price of $21.03. The impact to his portfolio due to this purchase was 0.41%. His holdings were 950,490 shares as of 03/31/2010.Transaction Systems Architects, Inc. develops, markets, installs and supports a broad line of software products and services primarily focused on facilitating electronic payments and electronic commerce. Aci Worldwide Inc. has a market cap of $691 million; its shares were traded at around $20.3 with a P/E ratio of 26.1 and P/S ratio of 1.7.
Added: Knot Inc. (KNOT, Financial)
Wallace Weitz added to his holdings in Knot Inc. by 809.53%. His purchase prices were between $7.43 and $10.38, with an estimated average price of $8.81. The impact to his portfolio due to this purchase was 0.4%. His holdings were 1,051,178 shares as of 03/31/2010.The Knot Inc. is a lifestage media and services company. Knot Inc. has a market cap of $273.5 million; its shares were traded at around $8.1 with a P/E ratio of 135 and P/S ratio of 2.6.
Added: Dell Inc. (DELL, Financial)
Wallace Weitz added to his holdings in Dell Inc. by 5.75%. His purchase prices were between $12.9 and $15.22, with an estimated average price of $14.11. The impact to his portfolio due to this purchase was 0.26%. His holdings were 5,965,621 shares as of 03/31/2010.Dell Inc. is a premier provider of products and services required for customers worldwide to build their information-technology and Internet infrastructures. Dell Inc. has a market cap of $32.32 billion; its shares were traded at around $16.51 with a P/E ratio of 16.7 and P/S ratio of 0.6. Dell Inc. had an annual average earning growth of 4.1% over the past 10 years.
Added: Compass Minerals International Inc. (CMP, Financial)
Wallace Weitz added to his holdings in Compass Minerals International Inc. by 1078.91%. His purchase prices were between $63.04 and $82.35, with an estimated average price of $73.45. The impact to his portfolio due to this purchase was 0.26%. His holdings were 64,840 shares as of 03/31/2010.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 $2.47 billion; its shares were traded at around $75.75 with a P/E ratio of 15.2 and P/S ratio of 2.5. The dividend yield of Compass Minerals International Inc. stocks is 2%. Compass Minerals International Inc. had an annual average earning growth of 16.1% over the past 5 years.
Added: Google Inc. (GOOG, Financial)
Wallace Weitz added to his holdings in Google Inc. by 39.78%. His purchase prices were between $526.43 and $626.75, with an estimated average price of $560.25. The impact to his portfolio due to this purchase was 0.25%. His holdings were 28,200 shares as of 03/31/2010.Google is a public and profitable company focused on search services. Google Inc. has a market cap of $168.27 billion; its shares were traded at around $529.19 with a P/E ratio of 24.1 and P/S ratio of 7.2. Google Inc. had an annual average earning growth of 65.7% over the past 10 years.
Added: Energizer Holdings Inc. (ENR, Financial)
Wallace Weitz added to his holdings in Energizer Holdings Inc. by 350%. His purchase prices were between $54.79 and $65.53, with an estimated average price of $59.79. The impact to his portfolio due to this purchase was 0.24%. His holdings were 90,000 shares as of 03/31/2010.Energizer Holdings is the world's largest manufacturer of primary batteries and flashlights and a global leader in the dynamic business of providing portable power. Energizer Holdings Inc. has a market cap of $4.24 billion; its shares were traded at around $60.67 with a P/E ratio of 11.9 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: Redwood Trust Inc. (RWT)
Wallace Weitz added to his holdings in Redwood Trust Inc. by 3.97%. His purchase prices were between $13.34 and $15.46, with an estimated average price of $14.58. The impact to his portfolio due to this purchase was 0.22%. His holdings were 6,934,100 shares as of 03/31/2010.REDWOOD TRUST INC. is a self-advised and self-managed real estate investment trust. Redwood Trust Inc. has a market cap of $1.27 billion; its shares were traded at around $16.28 with a P/E ratio of 23 and P/S ratio of 4.4. The dividend yield of Redwood Trust Inc. stocks is 6.1%.
Added: Monsanto Company (MON)
Wallace Weitz added to his holdings in Monsanto Company by 37.48%. His purchase prices were between $70.65 and $86.65, with an estimated average price of $76.48. The impact to his portfolio due to this purchase was 0.17%. His holdings were 163,900 shares as of 03/31/2010.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 $34.45 billion; its shares were traded at around $63.14 with a P/E ratio of 21.4 and P/S ratio of 2.9. The dividend yield of Monsanto Company stocks is 1.6%. Monsanto Company had an annual average earning growth of 18.2% over the past 10 years.
Added: Microsoft Corp. (MSFT)
Wallace Weitz added to his holdings in Microsoft Corp. by 4.47%. His purchase prices were between $27.72 and $31.1, with an estimated average price of $29.3. The impact to his portfolio due to this purchase was 0.17%. His holdings were 2,485,193 shares as of 03/31/2010.Microsoft develops, manufactures, licenses, and supports a wide range of software products for a multitude of computing devices. Microsoft Corp. has a market cap of $271.1 billion; its shares were traded at around $30.91 with a P/E ratio of 15.9 and P/S ratio of 4.7. The dividend yield of Microsoft Corp. stocks is 1.7%.
Added: Martin Marietta Materials Inc. (MLM)
Wallace Weitz added to his holdings in Martin Marietta Materials Inc. by 5.86%. His purchase prices were between $75.95 and $92.68, with an estimated average price of $83.57. The impact to his portfolio due to this purchase was 0.15%. His holdings were 575,875 shares as of 03/31/2010.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 $4.23 billion; its shares were traded at around $93.43 with a P/E ratio of 49.9 and P/S ratio of 2.5. The dividend yield of Martin Marietta Materials Inc. stocks is 1.8%. Martin Marietta Materials Inc. had an annual average earning growth of 8% over the past 10 years.
Added: Grand Canyon Education Inc. (LOPE)
Wallace Weitz added to his holdings in Grand Canyon Education Inc. by 12.3%. His purchase prices were between $18.33 and $26.64, with an estimated average price of $21.58. The impact to his portfolio due to this purchase was 0.13%. His holdings were 817,897 shares as of 03/31/2010.Grand Canyon Education, Inc. is a regionally accredited provider of online postsecondary education services focused on offering graduate and undergraduate degree programs in its core disciplines of education, business, and healthcare. Grand Canyon Education Inc. has a market cap of $1.14 billion; its shares were traded at around $24.96 with a P/E ratio of 36.2 and P/S ratio of 4.4.
Added: Vulcan Materials Company (VMC)
Wallace Weitz added to his holdings in Vulcan Materials Company by 9.94%. His purchase prices were between $42.63 and $53.85, with an estimated average price of $47.21. The impact to his portfolio due to this purchase was 0.13%. His holdings were 544,200 shares as of 03/31/2010.Vulcan Materials Company is the nation's foremost producer of constructionaggregates, a major producer of other construction materials and a leadingchemicals manufacturer, supplying chloralkali and other industrial andspecialty chemicals. Vulcan Materials Company has a market cap of $7.08 billion; its shares were traded at around $56.06 with a P/E ratio of 431.2 and P/S ratio of 2.6. The dividend yield of Vulcan Materials Company stocks is 1.8%.
Added: Coinstar Inc. (CSTR)
Wallace Weitz added to his holdings in Coinstar Inc. by 5.02%. His purchase prices were between $25.83 and $33.42, with an estimated average price of $29.06. The impact to his portfolio due to this purchase was 0.12%. His holdings were 1,436,656 shares as of 03/31/2010.Coinstar, Inc. operate a national network of self-service coin-counting machines in the U. Coinstar Inc. has a market cap of $1.15 billion; its shares were traded at around $37.07 with a P/E ratio of 37.1 and P/S ratio of 1. 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.
Added: Omnicare Inc. (OCR)
Wallace Weitz added to his holdings in Omnicare Inc. by 3.07%. His purchase prices were between $24.18 and $29.29, with an estimated average price of $26.52. The impact to his portfolio due to this purchase was 0.12%. His holdings were 2,562,260 shares as of 03/31/2010.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 $3.42 billion; its shares were traded at around $28.45 with a P/E ratio of 10.3 and P/S ratio of 0.6. The dividend yield of Omnicare Inc. stocks is 0.3%. Omnicare Inc. had an annual average earning growth of 7.8% over the past 10 years.
New Purchase: Weight Watchers International Inc. (WTW)
Wallace Weitz initiated holdings in Weight Watchers International Inc.. His purchase prices were between $24.39 and $30.25, with an estimated average price of $27.69. The impact to his portfolio due to this purchase was 1.45%. His holdings were 1,043,617 shares as of 03/31/2010.Weight Watchers International, Inc. is the largest provider of weight control programs in the world. Weight Watchers International Inc. has a market cap of $2.05 billion; its shares were traded at around $26.67 with a P/E ratio of 10.1 and P/S ratio of 1.5. The dividend yield of Weight Watchers International Inc. stocks is 2.6%. Weight Watchers International Inc. had an annual average earning growth of 15% over the past 10 years.
New Purchase: Live Nation Inc. (LYV)
Wallace Weitz initiated holdings in Live Nation Inc.. His purchase prices were between $8.51 and $14.51, with an estimated average price of $11.87. The impact to his portfolio due to this purchase was 1.45%. His holdings were 1,843,324 shares as of 03/31/2010.Live Nation Entertainment, Inc. is the world's premier live entertainment company, consisting of Live Nation, Ticketmaster and Front Line Management Group. Live Nation Inc. has a market cap of $1.33 billion; its shares were traded at around $15.94 with and P/S ratio of 0.3. Live Nation Inc. had an annual average earning growth of 14% over the past 5 years.
New Purchase: The Progressive Corp. (PGR)
Wallace Weitz initiated holdings in The Progressive Corp.. His purchase prices were between $16.21 and $19.27, with an estimated average price of $17.38. The impact to his portfolio due to this purchase was 0.34%. His holdings were 331,100 shares as of 03/31/2010.Progressive Corp. is an auto insurance company and a writer of auto insurance through independent agents. The Progressive Corp. has a market cap of $13.52 billion; its shares were traded at around $20.14 with a P/E ratio of 12.8 and P/S ratio of 0.9. The dividend yield of The Progressive Corp. stocks is 0.8%.
New Purchase: Ascent Media Corporation - Series A Common Stock (ASCMA)
Wallace Weitz initiated holdings in Ascent Media Corporation - Series A Common Stock. His purchase prices were between $27.67 and $27.7, with an estimated average price of $27.69. The impact to his portfolio due to this purchase was 0.09%. His holdings were 60,000 shares as of 03/31/2010.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 $395.7 million; its shares were traded at around $29.43 with and P/S ratio of 0.9.
New Purchase: Comcast Corp. (CMCSA)
Wallace Weitz initiated holdings in Comcast Corp.. His purchase prices were between $15.21 and $18.74, with an estimated average price of $16.69. The impact to his portfolio due to this purchase was 0.01%. His holdings were 7,300 shares as of 03/31/2010.Comcast Corp., among the world's communication companies, provides basic cable, digital cable and high speed internet services that connect people to what's important in their lives. Comcast Corp. has a market cap of $53.37 billion; its shares were traded at around $18.81 with a P/E ratio of 16.1 and P/S ratio of 1.5. The dividend yield of Comcast Corp. stocks is 2.1%. Comcast Corp. had an annual average earning growth of 15.1% over the past 10 years.
New Purchase: Tree.com, Inc. (TREE)
Wallace Weitz initiated holdings in Tree.com, Inc.. His purchase prices were between $7.26 and $9.29, with an estimated average price of $8.51. The impact to his portfolio due to this purchase was 0.01%. His holdings were 20,000 shares as of 03/31/2010.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 $102.1 million; its shares were traded at around $9.27 with and P/S ratio of 0.5.
Reduced: Liberty Global Inc. (LBTYA)
Wallace Weitz reduced to his holdings in Liberty Global Inc. by 88.89%. His sale prices were between $21.89 and $29.17, with an estimated average price of $25.83. The impact to his portfolio due to this sale was -0.05%. Wallace Weitz still held 40,000 shares as of 03/31/2010.Liberty Global owns interests primarily in broadband distribution and content companies operating outside the continental U. Liberty Global Inc. has a market cap of $7.26 billion; its shares were traded at around $27.1 with a P/E ratio of 13.3 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: Daily Journal Corp. (DJCO)
Wallace Weitz reduced to his holdings in Daily Journal Corp. by 43.19%. His sale prices were between $59.2 and $69.71, with an estimated average price of $64.85. The impact to his portfolio due to this sale was -0.06%. Wallace Weitz still held 39,600 shares as of 03/31/2010.DAILY JOURNAL CORPORATION publishes newspapers in California, Washington, Arizona, Colorado and Nevada. Daily Journal Corp. has a market cap of $101.2 million; its shares were traded at around $69.9015 with a P/E ratio of 11.7 and P/S ratio of 2.5. Daily Journal Corp. had an annual average earning growth of 11.3% over the past 10 years.
Reduced: Corporate Executive Board Company (EXBD)
Wallace Weitz reduced to his holdings in Corporate Executive Board Company by 73.27%. His sale prices were between $21.29 and $28.45, with an estimated average price of $24.58. The impact to his portfolio due to this sale was -0.14%. Wallace Weitz still held 130,000 shares as of 03/31/2010.Corporate Executive Board provides `best practices` research and analysis focusing on corporate strategy, operations and general management issues. Corporate Executive Board Company has a market cap of $939.8 million; its shares were traded at around $27.52 with a P/E ratio of 16.6 and P/S ratio of 2.1. The dividend yield of Corporate Executive Board Company stocks is 1.6%. 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 3.5-star.
Reduced: Unitedhealth Group Inc. (UNH)
Wallace Weitz reduced to his holdings in Unitedhealth Group Inc. by 44.17%. His sale prices were between $30.48 and $35.13, with an estimated average price of $32.97. The impact to his portfolio due to this sale was -0.14%. Wallace Weitz still held 180,000 shares as of 03/31/2010.UnitedHealth Group Inc. offers health care coverage and related services to help people achieve improved health and well-being through all stages of life. Unitedhealth Group Inc. has a market cap of $35.24 billion; its shares were traded at around $30.44 with a P/E ratio of 8.8 and P/S ratio of 0.4. The dividend yield of Unitedhealth Group Inc. stocks is 0.1%. Unitedhealth Group Inc. had an annual average earning growth of 22.1% over the past 10 years. GuruFocus rated Unitedhealth Group Inc. the business predictability rank of 4-star.
Reduced: Xto Energy Inc. (XTO)
Wallace Weitz reduced to his holdings in Xto Energy Inc. by 47.51%. His sale prices were between $44.57 and $48.2, with an estimated average price of $46.54. The impact to his portfolio due to this sale was -0.3%. Wallace Weitz still held 250,000 shares as of 03/31/2010.XTO Energy Inc. is engaged in the acquisition, development, exploitation and exploration of producing oil and gas properties, and in the production, processing, marketing and transportation of oil and natural gas. Xto Energy Inc. has a market cap of $28.4 billion; its shares were traded at around $48.69 with a P/E ratio of 13.6 and P/S ratio of 3.2. The dividend yield of Xto Energy Inc. stocks is 1%. Xto Energy Inc. had an annual average earning growth of 31.8% over the past 10 years. GuruFocus rated Xto Energy 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 45.76%. His sale prices were between $97500 and $125000, with an estimated average price of $113488. The impact to his portfolio due to this sale was -0.58%. Wallace Weitz still held 192 shares as of 03/31/2010.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 $190.44 billion; its shares were traded at around $115625 with a P/E ratio of 22.3 and P/S ratio of 1.6. Berkshire Hathaway Inc. had an annual average earning growth of 16.5% over the past 10 years.
Reduced: Tel And Data Sys (TDS-S)
Wallace Weitz reduced to his holdings in Tel And Data Sys by 28.38%. His sale prices were between $27.3 and $30.62, with an estimated average price of $29.26. The impact to his portfolio due to this sale was -0.74%. Wallace Weitz still held 1,612,732 shares as of 03/31/2010.Telephone & Data Systems is a diversified telecommunications corporation. Tel And Data Sys has a market cap of $1.53 billion; its shares were traded at around $29.3 with and P/S ratio of 0.31. The dividend yield of Tel And Data Sys stocks is 1.45%. Tel And Data Sys had an annual average earning growth of 2% 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 28.93%. His sale prices were between $23.65 and $36.64, with an estimated average price of $29.42. The impact to his portfolio due to this sale was -1.18%. Wallace Weitz still held 2,063,500 shares as of 03/31/2010.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 $3.94 billion; its shares were traded at around $43.81 with and P/S ratio of 0.4.
Reduced: Berkshire Hathaway Inc. (BRK-B)
Wallace Weitz reduced to his holdings in Berkshire Hathaway Inc. by 28.33%. His sale prices were between $68 and $3476, with an estimated average price of $809.84. The impact to his portfolio due to this sale was -2.48%. Wallace Weitz still held 1,981,853 shares as of 03/31/2010.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 $191.38 billion; its shares were traded at around $77.17 with a P/E ratio of 22.3 and P/S ratio of 1.6. Berkshire Hathaway Inc. had an annual average earning growth of 16.6% over the past 10 years.
Sold Out: Hsn, Inc. (HSNI)
Wallace Weitz sold out his holdings in Hsn, Inc.. His sale prices were between $18.09 and $30.85, with an estimated average price of $22.83.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 $1.81 billion; its shares were traded at around $31.77 with a P/E ratio of 25.1 and P/S ratio of 0.7.
Sold Out: Convera Corp. (CNVR)
Wallace Weitz sold out his holdings in Convera Corp.. His sale prices were between $0.15 and $0.244, with an estimated average price of $0.23.Convera Corporation is a provider of search technologies for professional workers. Convera Corp. has a market cap of $4.17 million; its shares were traded at around $0.15 with and P/S ratio of 3.11. Convera Corp. had an annual average earning growth of 1.6% over the past 5 years.
Sold Out: Lowe's Companies Inc. (LOW)
Wallace Weitz sold out his holdings in Lowe's Companies Inc.. His sale prices were between $21.59 and $25.16, with an estimated average price of $23.33.Lowe's Companies Inc. is a retailer of home improvement products in the world, with specific emphasis on retail do-it-yourself and commercial business customers. Lowe's Companies Inc. has a market cap of $39.01 billion; its shares were traded at around $27.03 with a P/E ratio of 22 and P/S ratio of 0.9. The dividend yield of Lowe's Companies Inc. stocks is 1.4%. Lowe's Companies Inc. had an annual average earning growth of 12.3% over the past 10 years.
Sold Out: Discovery Communications, Inc (DISCA)
Wallace Weitz sold out his holdings in Discovery Communications, Inc. His sale prices were between $27.88 and $34.24, with an estimated average price of $31.38.DISCOVERY COMMUNICATIONS INC., formerly Discovery Holding Company, is a holding company that conducts operations through its two wholly owned operating subsidiaries, Ascent Media Group, LLC and Ascent Media CANS, LLC, and throught its 66. Discovery Communications, Inc has a market cap of $10.28 billion; its shares were traded at around $36.25 with a P/E ratio of 29.7 and P/S ratio of 2.9.
