Dun & Bradstreet (DNB, Financial) was the Fund’s top quarterly and year-to-date detractor. Last quarter, we introduced Dun & Bradstreet to the portfolio and described some of the actions already taken to improve its operations and enhance the value delivered to customers. We remain confident in management and their strategic direction, but we acknowledge that this process will take time.
From Wallace Weitz (Trades, Portfolio)'s Hickory Fund third-quarter 2021 letter.