In addition to our sale of the Financial Select Sector ETF and other portfolio trims, we also sold our remaining shares of DXC Technology (DXC, Financial). Investors (including us) have been frustrated by the halting progress in DXC’s digital transformation. Although we continue to see opportunity in DXC’s shares (and may return in the future), we elected to harvest a tax loss and pursue more timely opportunities.
From Wallace Weitz (Trades, Portfolio)'s Partners III Opportunity Fund second-quarter 2020 commentary.
