Wallace Weitz

Wallace Weitz

Last Update: 05-12-2015

Number of Stocks: 64
Number of New Stocks: 0

Total Value: $3,672 Mil
Q/Q Turnover: 7%

Countries: USA
Details: Top Buys | Top Sales | Top Holdings  Embed:

Wallace Weitz' s Profile & Performance

Profile

Portfolio manager of Weitz Value Fund, Weitz Hickory Fund and Weitz Partners Value Fund, which he started in 1983.

Web Page:http://www.weitzfunds.com/

Investing Philosophy

Weitz's approach to value investing has evolved over the years. It combines Graham's price sensitivity and insistence on a "margin of safety" with a conviction that qualitative factors that allow a company to have some control over its destiny can be more important than statistical measurements, such as historical book value or reported earnings.

Historical Allocation of Stock, Bonds, Cash

Total Holding History

Performance of Weitz Partners Fund

YearReturn (%)S&P500 (%)Excess Gain (%)
20147.9113.69-5.8
201330.8732.39-1.5
201217.92161.9
3-Year Cumulative66.5 (18.5%/year)74.6 (20.4%/year)-8.1 (-1.9%/year)
20112.192.110.1
201027.4915.0612.4
5-Year Cumulative117 (16.8%/year)105.1 (15.5%/year)11.9 (1.3%/year)
200931.326.464.8
2008-38.06-37-1.1
2007-8.545.49-14.0
200622.5315.796.7
2005-2.424.91-7.3
10-Year Cumulative92.9 (6.8%/year)109.4 (7.7%/year)-16.5 (-0.9%/year)
200414.9910.884.1
200325.3828.68-3.3
2002-16.99-22.15.1
2001-0.86-11.8911.0
200021.07-9.130.2
15-Year Cumulative177.2 (7%/year)86.4 (4.2%/year)90.8 (2.8%/year)
199922.0221.041.0
199829.1328.580.5
199740.6433.367.3
199619.0422.96-3.9
199538.6637.581.1
20-Year Cumulative913.8 (12.3%/year)554.6 (9.8%/year)359.2 (2.5%/year)
1994-8.971.32-10.3
199323.0310.0813.0
199215.147.627.5
19912830.47-2.5
1990-6.35-3.1-3.2
25-Year Cumulative1467.1 (11.6%/year)893.3 (9.6%/year)573.8 (2%/year)
198920.2531.69-11.4
198814.9316.61-1.7
19874.255.1-0.8
198611.1618.6-7.4
198540.7231.69.1
30-Year Cumulative3431.8 (12.6%/year)2402.2 (11.3%/year)1029.6 (1.3%/year)
198414.436.18.3

Top Ranked Articles

Wally Weitz on credit problems and corporate buyout financing, Washington Mutual
Wally Weitz, known as the other Oracle of Omaha,explained the current credit mania on Wall Street. This is a recommended reading for all readers. He said that "There are signs that serious credit Read more...
Wally Weitz's Portfolio – Buffett Ratio Guru Portfolio Analysis
The following is an analysis of the most current portfolio of Mr. Wally Weitz. The analysis will use a system that I designed that is based on the ratio that Warren Buffet released to the public in 1986, which he coined “Owner Earnings.” For those new to this type of analysis, I would recommend reading an introduction to my system by clicking here. My goal is ultimately to analyze the portfolios of each guru highlighted here on GuruFocus, and then to subsequently re-analyze them every quarter when possible as changes are made. My purpose in writing these articles is to show the power of Buffett’s ratio in analyzing stocks, ETFs, mutual funds and individual portfolios. If one can fill their portfolios with companies that score high using my system and avoid those which fail, one should be able to increase the probability of becoming a successful investor in my opinion. Read more...
Wally Weitz on Berkshire Hathaway, American International Group, American Express, Redwood Trust, Fannie Mae and Freddie Mac
Like many other value investors, Wally Weitz is having rough times lately. Known as the other Oracle of Omaha, Weitz sees opportunities in the current beaten down market. This is a review of his commentaries on some of his holdings. Read more...
Wallace Weitz: A Quick Glance
As an avid reader and equally devoted investor, I try to read as many investment or financial books as I am able. When nothing new on the book shelves at the local book store has caught my attention, I will often re-read the volumes that enjoy a prominent place in my office. Yes, that includes re-reading the treasures, such as "The Intelligent Investor" and "Security Analysis." I will vouch that they are actually better each time you read them. Read more...
Emotional Arbitrage- Wally Weitz Continues to Outperform
Despite more than 25 years of averaging more than 12% annually, Wally Weitz will always be known as that other guy from Omaha. He doesn’t have any problems be called that though, and credits Warren Buffett for much of his success. He’s owned Berkshire Hathaway continuously since buying the A shares in 1976 for $3,000/share. Read more...
» More Wallace Weitz Articles

Commentaries and Stories

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Correction Is An Opportunity To Buy Range Resources
Gurus have been activity on Range Resources (NYSE:RRC) in 2015 and Ruane Cunniff (Trades, Portfolio) of Ruane, Cunniff & Goldfarb Inc currently holds 4,005,407 shares of the company. Further, Wallace Weitz (Trades, Portfolio) of Weitz Investment Management Inc holds 2,136,130 shares of the company. While investors can track Gurus action in the real time stock picks section, I will discuss in this article why Range Resources is an interesting stock to consider at this point of time. More...

LONG, ENERGY, OIL & GAS EXPLORATION


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Value Matters - Weitz Asset Management Q2 2015
Dear Fellow Investor, More...

Wallace Weitz, Weitz Asset Management, Shareholder letter


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Weitz Investment Management Fourth Quarter Letter
Overview More...

WALLY WEITZ,WEITZ INVESTMENT MANAGEMENT,LETTER,FOURTH QUARTER,LONG-TERM,VALUE INVESTING,


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Rating: 4.0/5 (2 votes)

An Exclusive GuruFocus Interview With Value Investor Wally Weitz Wallace Weitz - An Exclusive GuruFocus Interview With Value Investor Wally Weitz
Value investor Wally Weitz founded Wallace R. Weitz Company in 1983 where he currently manages the Partners III Opportunity Fund, and co-manages the Value, Partners Value, and Hickory funds. More...

Interview, Q&A, Wally Weitz, Wallace Weitz


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Rating: 4.0/5 (1 vote)

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Locust Wood Capital Bet on Top Performer Valeant Pharmaceuticals HOWARD MARKS, WALLACE WEITZ, CHRIS DAVIS - Locust Wood Capital Bet On Top Performer Valeant Pharmaceuticals
Hedge fund Locust Wood Capital Advisers LLC disclosed an equity portfolio valued at some $792 million as of the end of the first quarter of 2015. The equity portfolio is mainly invested in Finance (29%), Consumer Discretionary (27%) and Health Care (17%) stocks. Two of the three main sectors are the same in which it invests Menta Capital LLC. More...

HEALTHCARE, STOCKS


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Wallace Weitz Sells Off 5 Holdings Wallace Weitz,Ken Fisher,Mario Gabelli,James Barro - Wallace Weitz Sells Off 5 Holdings
During the first quarter, Wallace Weitz (Trades, Portfolio) of Weitz Investment Management did not see any new opportunities and instead sold off five holdings, including acquisition target DirecTV. More...

WALLACE WEITZ


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Guru’s High Yeld Companies : Redwood Trust Inc. Wallace Weitz, Jim Simons - Guru’s High Yeld Companies : Redwood Trust Inc.
According to GuruFocus Dividends page, Redwood Trust Inc (RWT) is the company chose by Gurus with the highest dividend yeld. More...

HIGH YIELD, STOCK


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Rating: 5.0/5 (2 votes)

Submit Questions for Upcoming Q&A With Value Investor Wally Weitz Wallace Weitz - Submit Questions For Upcoming Q&A With Value Investor Wally Weitz
Wallace Weitz (Trades, Portfolio), chief investment officer and founder of Weitz Investments, will be answering investing questions from GuruFocus readers next month in an exclusive Q&A. Have questions about Weitz’s investment philosophy or top holdings? Post them in the comments box below. Questions from Premium Members will be given higher priority. More...

Q&A, INTERVIEW, WALLACE WEITZ


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Weitz Value Fund First Quarter 2015 Commentary
Endo International (NASDAQ:ENDP) is a specialty healthcare company engaged in developing, manufacturing, marketing and distributing branded pharmaceutical and generic products as well as medical devices. In late January, management completed its previously announced $2.6 billion acquisition of Auxilium Pharmaceuticals. Auxilium strengthens Endo’s branded pharmaceutical platform, provides immediate scale in an attractive niche market (urology), and is roughly 10% accretive to our base case estimate of intrinsic value. Roughly a month later, the company agreed to sell the men’s health portion of its integrated medical systems surgical business to Boston Scientific for $1.6 billion. We anticipate the proceeds supporting future business development initiatives. More...

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Weitz Funds Analyst Corner - A Perspective on Range Resources
By Dave Perkins, CFA More...

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Wally Weitz's Q1 Shareholder Commentary Letter
Wall Street has been obsessed with the actions of the Federal Reserve for at least as long as the older of us has been investing. On Thursday afternoons in the 1970’s, everyone watched the Dow Jones news wire for the money supply report that might hold clues about the Fed’s next policy move. More recently, the Fed has been extraordinarily “accommodative” in the six years since the financial crisis, and there is considerable investor anxiety about how stocks will react to a return to “normal” interest rates. It is almost comical to watch the stock market rally or swoon in response to every small bit of economic data. The logic seems to be that a sign of economic strength (good news) is “bad” because it might encourage the Fed to abandon its “zero interest rate policy” (ZIRP). Conversely, a sign of economic weakness often triggers a rally since it may discourage the Fed from tightening. More...

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A Look at Wallace Weitz and His Top Buys Wallace Weitz - A Look At Wallace Weitz And His Top Buys
Wallace Weitz (Trades, Portfolio) of Weitz Investment Management Inc is committed to his simple philosophy when looking for stocks to invest in, This philosophy is: "own a group of strong businesses purchased at deeply discounted prices." More...

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Weitz Funds Analyst Corner - A Perspective on Motorola Solutions Inc. Wallace Weitz - Weitz Funds Analyst Corner - A Perspective On Motorola Solutions Inc.
By Barton Hooper, CFA More...

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Weitz Value Fund Q4 2014 Commentary
The Value Fund’s Investor Class gained +4.0% during the fourth quarter, compared to an increase of +4.9% for both the S&P 500 and Russell 1000. For the calendar year, the Fund’s Investor Class returned +9.5% versus advances of +13.7% and +13.2% for the S&P 500 and Russell 1000, respectively. We are generally pleased with these results in light of the Fund’s conservative positioning throughout 2014. Following the sixth consecutive year of upward trending equity markets, we begin 2015 with the Fund’s estimated aggregate weighted average price-to-value (a measure of the collective discount of the stocks in our portfolios) in the mid-to-upper 80s and a more moderate residual cash position of 17% of net assets after a busy fourth quarter. More...

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Rating: 5.0/5 (1 vote)

Weitz Investment Management Q4 Commentary Wallace Weitz - Weitz Investment Management Q4 Commentary
Dear Fellow Shareholder: More...

WALLACE WEITZ, Q4 COMMENTARY


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Weekly CEO Buys Highlight: LTRPA, ENH, BH, OPK, CPTA
According to GuruFocus Insider Data, these are the largest CEO buys during the past week. The overall trend of CEOs is illustrated in the chart below: More...

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Wallace Weitz Buys Discovery Communications, Sells Apple in Q3 Wallace Weitz - Wallace Weitz Buys Discovery Communications, Sells Apple In Q3
Wallace Weitz (Trades, Portfolio) entered the investing world at the age of 12 when he purchased his first stock. Since then, he’s made a career in what he’s called his hobby — he spent 10 years as an analyst and portfolio manager at Chiles, Heider & Co. before founding the Omaha, Nebraska-based Weitz Investment Management in 1983. More...

WALLACE WEITZ, WEITZ INVESTMENT MANAGEMENT


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Graham & Doddsville Newsletter Fall 2014 Wallace Weitz - Graham & Doddsville Newsletter Fall 2014
Graham and Doddville is Columbia Business School's student-led investment newsletter, co-sponsored by the Columbia Student Investment Management Association (CSIMA) and the Heilbrunn Center for Graham and Dodd Investing. More...

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Wallace Weitz Comments on Precision Castparts
Precision Castparts (PCP) is a global, diversified manufacturer of complex metal components and products sold primarily to aerospace, power and industrial customers. CEO Mark Donegan is a first-rate operator, sound strategic thinker and highly skilled acquirer / integrator. Concerns over the health of the new commercial aircraft cycle provided us an opportunity to establish an initial position at what we believe is an attractive discount. We have been heartened by management’s more recent decisions to repurchase stock and look forward to the prospect of additional value-accretive M&A in the future. More...

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Kevin222
ReplyKevin222 - 5 months ago
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