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

Real Estate Portal Challenges Impact Performance

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.

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