Tracking Wallace Weitz’s Weitz Investment Management Portfolio – Q1 2024 Update

 

• Wallace Weitz's 13F portfolio value increased from $1.90B to $1.98B this quarter.
• Weitz Investment Management reduced Alphabet (GOOGL) and Meta Platforms (META) during the quarter.
• The top three positions are Berkshire Hathaway (BRK.A), Alphabet (GOOG), and Visa (V). They add up to ~18% of the portfolio.

 

This article is part of a series that provides an ongoing analysis of the changes made to Wallace Weitz’s 13F portfolio on a quarterly basis. It is based on Weitz’s regulatory 13F Form filed on 5/13/2024. Please visit our Tracking Wallace Weitz’s Weitz Investment Management Portfolio article for an idea on his investment philosophy and our last update for the fund’s moves during Q4 2023.

 This quarter, Weitz’s 13F portfolio value increased from $1.90B to $1.98B. The top three positions are at ~18% while the top five holdings are at ~28% of the 13F assets. The largest stake is Berkshire Hathaway (BRK.B) at ~7% of the portfolio. Weitz Investment Management’s equity funds are Weitz Partners Value Fund (WPVLX), Weitz Value Fund (WVALX), Weitz Partners III Opportunity Fund (WPOIX), and Weitz Hickory Fund (WEHIX). 

The spreadsheet below highlights changes to Weitz’s 13F stock holdings in Q1 2024:

 

Source: John Vincent. Data constructed from Weitz Investment Management's 13F filings for Q4 2023 and Q1 2024.