Weitz Investment

Q2 2021 13F · by Brad Hinton, CIO

As of: Jun 30, 2021
Filed: Aug 10, 2021
US stock: $2.3B · prev $2.2B
Positions: 57 · prev 57
Options notional: $0
Documents: 1· no amendments

Picture99.0% US stock

Full picture · of what this 13F reports is US stock

US stock listed on a US exchange 99.0%
Foreign stock not listed in the US 0.0%
Notes debt, at principal 1.0%
Puts at notional value 0.0%
Calls at notional value 0.0%

Moves28 since the prior filing

+3.6 pp in · −5.6 pp out

New 2 +1.97 pp
Added 4 +1.61 pp
Trimmed 20 −2.72 pp
Exited 2 −2.90 pp

The book

Focused · behaves like 32 equal-sized positions

Very concentrated
Concentrated
Focused
Diversified

Low turnover · 14% a year, about 6.9 years per position

Low
Moderate
High

Top 5 positions26% of US stock

GOOG Alphabet Inc. Class C trimmed+0.68 pp trimmed+0.686.4%
BRK.B BERKSHIRE HATHAWAY Class B trimmed−0.48 pp trimmed−0.486.0%
LBRDK Liberty Broadband Corporation Class C held held4.5%
99803EUR Laboratory Crp Of Amer Hldgs trimmed−0.15 pp trimmed−0.154.3%
AON Aon plc Class A held held4.3%

Positions57 in this filing · 2 exited


GOOGAlphabet Inc. Class C	6.39%	59,860	$150M	trimmed−3%	+0.68 pp	29 q
BRK.BBERKSHIRE HATHAWAY Class B	5.98%	505,150	$140M	trimmed−11%	−0.48 pp	33 q
LBRDKLiberty Broadband Corporation Class C	4.55%	615,000	$107M	held	—	27 q
99803EURLaboratory Crp Of Amer Hldgs	4.35%	370,200	$102M	trimmed−6%	−0.15 pp	33 q
AONAon plc Class A	4.30%	422,850	$101M	held	—	5 q
METAMeta Platforms, Inc. Class A	4.25%	286,900	$100M	held	—	14 q
VVISA Inc.	4.14%	415,500	$97M	held	—	20 q
SCHWThe Charles Schwab Corporation	4.11%	1,325,000	$96M	trimmed−6%	+0.01 pp	12 q
MAMastercard Incorporated	3.75%	240,850	$88M	held	—	27 q
LSXMKLiberty Media Cor-siriusxm C	3.62%	1,832,200	$85M	trimmed−3%	−0.08 pp	21 q
CSGPCoStar Group Inc	3.17%	899,500	$74M	added+8%	+0.11 pp	6 q
VMCVulcan Materials Company(Holding Company)	3.11%	419,200	$73M	trimmed−3%	−0.16 pp	15 q
KMXCarMax Inc.	3.05%	554,700	$72M	trimmed−3%	−0.32 pp	14 q
MKLMarkel Group Inc.	2.84%	56,200	$67M	trimmed−3%	−0.12 pp	14 q
LBTYKLiberty Global Ltd. Class C	2.43%	2,106,000	$57M	held	—	33 q
FISFidelity National Information Services, Inc.	2.31%	382,000	$54M	trimmed−3%	−0.15 pp	4 q
AZOAutoZone, Inc.	2.22%	34,975	$52M	trimmed−13%	−0.28 pp	3 q
AMZNAmazon.Com Inc	2.13%	14,500	$50M	added+7%	+0.27 pp	23 q
DHRDanaher Corporation	1.89%	165,000	$44M	held	—	16 q
TMOThermo Fisher Scientific, Inc.	1.78%	83,000	$42M	held	—	19 q
ADIAnalog Devices, Inc.	1.67%	227,500	$39M	trimmed−6%	−0.01 pp	11 q
TXNTexas Instruments Incorporated	1.52%	185,200	$36M	trimmed−3%	−0.08 pp	33 q
DNBDun & Bradstreet Holdings, Inc.	1.44%	1,576,000	$34M	added×5.3	+1.12 pp	2 q
LKQLKQ Corporation	1.39%	662,000	$33M	held	—	8 q
BKIBlack Knight, Inc.	1.37%	413,000	$32M	added+8%	+0.11 pp	11 q
CMCSAComcast Corp	1.36%	560,000	$32M	trimmed−8%	−0.11 pp	23 q
CRMSalesforce, Inc.	1.25%	120,000	$29M	held	—	8 q
ACNAccenture PLC	1.23%	98,000	$29M	trimmed−5%	−0.04 pp	33 q
ROPRoper Technologies, Inc.	1.22%	61,000	$29M	new	+1.22 pp	new
ORCLOracle Corp	1.20%	362,500	$28M	trimmed−33%	−0.50 pp	33 q
SPGIS&P Global Inc.	1.20%	68,500	$28M	held	—	6 q
LBRDALiberty Broadband Corporation Class A	1.10%	153,750	$26M	held	—	27 q
JPMJPMorgan Chase & Co.	1.06%	160,000	$25M	trimmed−12%	−0.18 pp	15 q
MLMMartin Marietta Materials	1.06%	70,450	$25M	held	—	16 q
LILAKLiberty Latin America Ltd. Class C	1.06%	1,768,620	$25M	held	—	14 q
99952EURLinde PLC/OLD	1.03%	84,000	$24M	held	—	11 q
AXTAAxalta Coating Systems Ltd.	0.95%	733,500	$22M	held	—	16 q
HEI.AHeico Corp Cl A	0.93%	175,500	$22M	held	—	6 q
GWREGuidewire Software, Inc.	0.87%	180,800	$20M	held	—	22 q
35YCorecard Corp	0.84%	630,000	$20M	trimmed−2%	−0.34 pp	33 q
LM03Liberty Media Cor-siriusxm A	0.83%	420,000	$20M	held	—	21 q
FRCBFirst Republic Bk CA	0.79%	99,050	$19M	held	—	4 q
MKTXMarketAxess Holdings Inc.	0.75%	37,800	$18M	new	+0.75 pp	new
IEXIDEX Corporation	0.65%	69,700	$15M	held	—	6 q
unresolvedQurate Retail Inc	0.61%	1,100,000	$14M	held	—	13 q
ACIWACI Worldwide, Inc.	0.47%	295,700	$11M	trimmed−43%	−0.42 pp	33 q
RWTRedwood Trust, Inc.	0.28%	535,000	$6M	trimmed−5%	+0.02 pp	33 q
IRIngersoll Rand Inc.	0.27%	130,000	$6M	held	—	11 q
DLBDolby Laboratories, Inc.Class A	0.21%	50,000	$5M	held	—	5 q
MSFTMicrosoft Corp	0.20%	17,500	$5M	held	—	13 q
FHBFirst Hawaiian, Inc.	0.18%	150,000	$4M	held	—	7 q
CHTRCharter Comm Inc Del CL A New	0.15%	5,000	$4M	held	—	13 q
DEODiageo plc	0.12%	15,000	$3M	trimmed−17%	−0.01 pp	33 q
BATRKAtlanta Braves Holdings, Inc. Series C	0.12%	105,000	$3M	held	—	21 q
HONHoneywell International, Inc.	0.10%	11,000	$2M	held	—	6 q
FTVFortive Corporation	0.09%	30,000	$2M	held	—	6 q
BATRAAtlanta Braves Holdings, Inc. Series A	0.01%	11,000	$310,000	held	—	21 q
SUMSummit Materials, Inc. Class A	—	−1,300,600	—	exited	−1.63 pp	—
BOXBox, Inc.	—	−1,244,000	—	exited	−1.27 pp	—