Wallace Weitz (Trades, Portfolio), manager of the Weitz Value Fund and Weitz Partners Value Fund, disclosed in a regulatory portfolio filing that his firm’s top five trades during the third quarter included reductions to its holdings in Redwood Trust Inc. (RWT, Financial) and Aon PLC (AON, Financial), the closure of its stake in First Hawaiian Inc. (FHB, Financial) and boosts to its positions in Dun & Bradstreet Holdings Inc. (DNB, Financial) and CoStar Group Inc. (CSGP, Financial).
Weitz’s Omaha, Nebraska-based firm combines Benjamin Graham’s price sensitivity and insistence on a margin of safety with a conviction in which qualitative factors that allow a company to have control over its destiny can be more important than statistical measurements like historical book value and reported earnings.
As of Sept. 30, Weitz’s $2.36 billion equity portfolio contains 55 stocks with a turnover ratio of 1%. The top four sectors in terms of weight are financial services, communication services, technology and consumer cyclical, representing 29.06%, 26.05%, 14.72% and 9.30% of the equity portfolio.
GuruFocus ranks the Mill Valley, California-based real estate investment trust’s financial strength 2 out of 10 on several warning signs, which include cash-to-debt and debt-to-equity ratios that underperform more than 70% of global competitors.
GuruFocus ranks the U.K.-based insurance company’s financial strength 4 out of 10 on several warning signs, which include a low Altman Z-score of 1.94 and interest coverage and debt ratios that underperform more than 79% of global competitors.
Shares of First Hawaiian averaged $27.82 during the third quarter; the stock is fairly valued based on Tuesday’s price-to-GF Value ratio of 1.06.
Dun & Bradstreet
GuruFocus ranks the Short Hills, New Jersey-based software company’s financial strength 3 out of 10 on several warning signs, which include interest coverage and debt ratios that are underperforming more than 82% of global competitors.
Shares of CoStar averaged $86.40 during the third quarter; the stock is fairly valued based on Tuesday’s price-to-GF Value ratio of 0.97.
GuruFocus ranks the Northwest, Washington-based real estate company’s financial strength 7 out of 10 on several positive investing signs, which include a strong Altman Z-score of 14 and interest coverage and debt ratios that outperform more than 66% of global competitors.