CoStar Group (CSGP) in Wally Weitz's Multi Cap Equity Fund Q2 2024

Real Estate Portal Challenges Impact Performance

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Apr 15, 2025
Summary
  • Recent slowdown in real estate portal sales impacted performance.
  • Top detractor for the quarter and year-to-date periods.
  • Long-term investment thesis supported by commercial real estate business.

CoStar Group, Inc. (CSGP, Financial) was noted in Wally Weitz's Multi Cap Equity Fund 2nd-Quarter Commentary 2024 Q2 as a top detractor from the fund's performance. The company's recent slowdown in real estate portal sales has impacted its performance, although its dominant commercial real estate business remains a key part of the investment thesis.

"CoStar Group was the Fund's top detractor for the second quarter and a top-five detractor year-to-date." — Wally Weitz, Multi Cap Equity Fund, Q2 2024 Fund Letter

Read full letter at gurufocus Wally Weitz's Multi Cap Equity Fund 2nd-Quarter Commentary 2024 Q2 page.