We added a new "starter"-sized position to the portfolio with Fidelity National Information Services (FIS, Financial), a leading core bank and payment processor that our team knows well, having previously owned it in other Weitz portfolios. FIS is riding several industry tailwinds and for the next few years has the chance to power through broader economic turbulence.
From Wallace Weitz (Trades, Portfolio)'s Partners III Opportunity Fund third-quarter 2020 commentary.
