Wallace Weitz (Trades, Portfolio), founder of Weitz Investment Management, bought shares of the following stocks in both the first and second quarters of 2019.
Booking Holdings Inc. (BKNG)
The guru increased his position by 166.42% in the first quarter and by 39.93% in the second quarter. The holding has a weight of 0.27% in the equity portfolio.
The online travel agency has a market cap of $81.10 billion. Its revenue of $14.74 billion has grown an average 18.10% per annum over the last five years.
Dodge & Cox is the largest guru shareholder of the company with 2.73% of outstanding shares, followed by Steve Mandel (Trades, Portfolio)’s Lone Pine Capital with 0.74% and Pioneer Investments (Trades, Portfolio) with 0.68%.
Guidewire Software Inc. (GWRE)
Weitz increased his holding by 168.32% in the first quarter and 2.84% in the second quarter. The position has a weight of 0.78% in the portfolio.
The full-feature application software company has a market cap of $7.88 billion. Its revenue of $752.08 million has grown at an average annual rate of 11.10% over the last five years.
The company's largest guru shareholder is Ron Baron (Trades, Portfolio) with 8.20% of outstanding shares, followed by Weitz with 0.23% and the Sands Capital Management’s Frank Sands (Trades, Portfolio) with 0.18%.
Liberty SiriusXM Group. (LSXMK)
The investor increased his holding by 15.39% in the first quarter and 1.69% in the second quarter. The stock has a total weight of 2.60% in the portfolio.
The company, which provides subscription-based satellite radio service, has a market cap of $12.96 billion. Its revenue of $6.86 billion has grown 9.10% on average every year over the last five years.
Warren Buffett (Trades, Portfolio) is the largest guru shareholder of the company with 9.73% of outstanding shares, followed by Murray Stahl (Trades, Portfolio) with 0.81%, Baron with 0.34% and Mario Gabelli (Trades, Portfolio)’s GAMCO Investors with 0.22%.
Charles Schwab Corp. (SCHW)
In the first quarter, the guru increased his holding by 3.55% and by 4.38% in the second quarter. The position has a weight of 2.31% in the portfolio.
The company is in the brokerage and banking businesses. It has a market cap of $47.54 billion. Its revenue of $10.50 billion has grown 11.60% on average every year over the last five years.
The largest guru shareholder of the company is Dodge & Cox with 5.72% of outstanding shares, followed by PRIMECAP Management (Trades, Portfolio) with 2.36%, Al Gore (Trades, Portfolio) with 1.57% and Nygren with 0.72%.
Vulcan Materials Co. (VMC)
Weitz increased his position by 6.75% in the first quarter and by 8.9% in the second quarter. The holding has a weight of 0.07% in the portfolio.
The company, which produces construction aggregates, has a market cap of $18.63 billion. Its revenue of $4.65 billion has grown at an average annual rate of 8.90% over the last five years.
The largest guru shareholder of the company is Steven Cohen (Trades, Portfolio)’s Point72 Asset Management with 0.27% of outstanding shares, followed by T Rowe Price Equity Income Fund (Trades, Portfolio) with 0.24%, Pioneer Investments (Trades, Portfolio) with 0.17% and Baron with 0.07%.
Disclosure: I do not own any stocks mentioned.
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