1. How to use GuruFocus - Tutorials
  2. What Is in the GuruFocus Premium Membership?
  3. A DIY Guide on How to Invest Using Guru Strategies
Articles (5983) 

Wallace Weitz Publishes First Quarter 2011 Letter to Shareholders

April 24, 2011
Wallace Weitz published his first quarter 2011 letter to shareholders. For the quarter, his funds delivered solid gain, leading by Weitz Partners III Fund, which went up 8.5%. The flagship Weitz Value Fund, however, returned 5.7%, legging benchmark S&P 500’s 5.9% for the quarter. Weitz contributes the difference in performance among the funds to the market caps that the funds are focusing on:
Smaller company stocks continued to lead the recovery from the bear market lows, and the effect of that leadership is evident in the recent returns of our Funds. The Value Fund, which focuses on large- and mega-capitalization stocks, has kept pace with the S&P 500 (very large companies), but has trailed our other Funds that can own smaller companies. Partners Value and Partners III are “go-anywhere” or “all-cap” funds and their performance has been helped by their small- and mid-cap holdings. Hickory, which holds only small and medium-sized companies, has had the best numbers lately
He repeated his bullish view towards the large, high-quality companies:
The popularity of various market sectors tends to rotate, and some of the cheapest stocks available in today’s market appear to be those of very large, high-quality companies, so we have no doubt that the Value Fund will eventually have its turn in the spotlight.
The letter contains good discussions of the recent world events on his investing, even though his typically focuses on business value of individual companies.

Read The full text.

Rating: 3.7/5 (3 votes)


Please leave your comment:

More than 500,000 people have already joined GuruFocus to track the stocks they follow and exchange investment ideas.

Performances of the stocks mentioned by guruek

User Generated Screeners

jtepper2High GROC Selloff
cpetrouBuyback Yield
canidNicks screen
krisochsHigh Growth High FCF
Ismael04Europe microcaps 2
Get WordPress Plugins for easy affiliate links on Stock Tickers and Guru Names | Earn affiliate commissions by embedding GuruFocus Charts
GuruFocus Affiliate Program: Earn up to $400 per referral. ( Learn More)

GF Chat