Insight into Wallace Weitz (Trades, Portfolio)'s Fourth Quarter 2024 13F Filing

Wallace Weitz (Trades, Portfolio) recently submitted the 13F filing for the fourth quarter of 2024, providing insights into his investment moves during this period. As the portfolio manager of Weitz Value Fund, Weitz Hickory Fund, and Weitz Partners Value Fund, which he started in 1983, Weitz has established a reputation for his unique approach to value investing. His strategy has evolved to blend Benjamin Graham's principles of price sensitivity and a "margin of safety" with a focus on qualitative factors that allow companies to exert control over their destinies. This approach often prioritizes these qualitative aspects over traditional statistical measurements like historical book value or reported earnings.

Key Position Increases

Wallace Weitz (Trades, Portfolio) also increased stakes in a total of 8 stocks, among them:

• The most notable increase was in Bio-Techne Corp (TECH, Financial), with an additional 334,050 shares, bringing the total to 381,250 shares. This adjustment represents a significant 707.73% increase in share count, a 1.24% impact on the current portfolio, and a total value of $27,461,440.
• The second largest increase was in $Danaher Corp(DHR-W)$ (DHR, Financial), with an additional 52,300 shares, bringing the total to 403,210. This adjustment represents a significant 14.9% increase in share count, with a total value of $92,556,860.

Summary of Sold Out

Wallace Weitz (Trades, Portfolio) completely exited 3 holdings in the fourth quarter of 2024, as detailed below:

• Microchip Technology Inc (MCHP, Financial): Wallace Weitz (Trades, Portfolio) sold all 259,600 shares, resulting in a -1.03% impact on the portfolio.
• Guidewire Software Inc (GWRE, Financial): Wallace Weitz (Trades, Portfolio) liquidated all 96,700 shares, causing a -0.87% impact on the portfolio.

Key Position Reduces

Wallace Weitz (Trades, Portfolio) also reduced positions in 16 stocks. The most significant changes include:

• Reduced Roper Technologies Inc (ROP, Financial) by 35,075 shares, resulting in a -52.74% decrease in shares and a -0.97% impact on the portfolio. The stock traded at an average price of $548.94 during the quarter and has returned 0.93% over the past 3 months and 9.65% year-to-date.
• Reduced Liberty Global Ltd (LBTYK, Financial) by 553,567 shares, resulting in a -41.11% reduction in shares and a -0.59% impact on the portfolio. The stock traded at an average price of $12.36 during the quarter and has returned 2.32% over the past 3 months and -14.00% year-to-date.

Portfolio Overview

At the fourth quarter of 2024, Wallace Weitz (Trades, Portfolio)'s portfolio included 46 stocks. The top holdings included 7.57% in Berkshire Hathaway Inc (BRK.B, Financial), 5.66% in Visa Inc (V, Financial), 5.1% in Alphabet Inc (GOOG, Financial), 5.09% in Mastercard Inc (MA, Financial), and 4.84% in Aon PLC (AON, Financial).

The holdings are mainly concentrated in 9 of the 11 industries: Financial Services, Communication Services, Technology, Industrials, Healthcare, Consumer Cyclical, Basic Materials, Real Estate, and Consumer Defensive.

This article, generated by GuruFocus, is designed to provide general insights and is not tailored financial advice. Our commentary is rooted in historical data and analyst projections, utilizing an impartial methodology, and is not intended to serve as specific investment guidance. It does not formulate a recommendation to purchase or divest any stock and does not consider individual investment objectives or financial circumstances. Our objective is to deliver long-term, fundamental data-driven analysis. Be aware that our analysis might not incorporate the most recent, price-sensitive company announcements or qualitative information. GuruFocus holds no position in the stocks mentioned herein.