Weitz Investment

Q3 2022 13F · by Brad Hinton, CIO

As of: Sep 30, 2022
Filed: Nov 8, 2022
US stock: $1.7B · prev $1.9B
Positions: 55 · prev 55
Options notional: $0
Documents: 1· no amendments

Picture98.7% US stock

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

US stock listed on a US exchange 98.7%
Foreign stock not listed in the US 0.0%
Notes debt, at principal 1.3%
Puts at notional value 0.0%
Calls at notional value 0.0%

Moves27 since the prior filing

−1.7 pp in · −1.9 pp out

New 0 0.00 pp
Added 6 −1.67 pp
Trimmed 21 −1.94 pp
Exited 0 0.00 pp

The book

Focused · behaves like 32 equal-sized positions

Very concentrated
Concentrated
Focused
Diversified

Low turnover · 2.3% a year, more than 30 years per position

Low
Moderate
High

Top 5 positions26% of US stock

GOOG Alphabet Inc. Class C trimmed−0.18 pp trimmed−0.186.5%
BRK.B BERKSHIRE HATHAWAY Class B trimmed+0.45 pp trimmed+0.456.4%
CSGP CoStar Group Inc trimmed+0.51 pp trimmed+0.515.2%
V VISA Inc. trimmed−0.13 pp trimmed−0.134.4%
MA Mastercard Incorporated held held4.0%

Positions55 in this filing · 0 exited


GOOGAlphabet Inc. Class C	6.53%	1,140,060	$110M	trimmed−2%	−0.18 pp	34 q
BRK.BBERKSHIRE HATHAWAY Class B	6.37%	400,450	$107M	trimmed−2%	+0.45 pp	38 q
CSGPCoStar Group Inc	5.18%	1,247,700	$87M	trimmed−15%	+0.51 pp	11 q
VVISA Inc.	4.40%	415,600	$74M	trimmed−5%	−0.13 pp	25 q
MAMastercard Incorporated	3.97%	234,050	$67M	held	—	32 q
DHRDanaher Corporation	3.81%	247,532	$64M	held	—	21 q
LSXMKLiberty Media Cor-siriusxm C	3.75%	1,667,200	$63M	trimmed−3%	+0.48 pp	26 q
METAMeta Platforms, Inc. Class A	3.41%	422,250	$57M	held	—	19 q
LBRDKLiberty Broadband Corporation Class C	3.39%	771,700	$57M	added+8%	−0.96 pp	32 q
SCHWThe Charles Schwab Corporation	3.31%	771,650	$55M	held	—	17 q
99803EURLaboratory Crp Of Amer Hldgs	3.25%	266,050	$54M	trimmed−3%	−0.14 pp	38 q
VMCVulcan Materials Company(Holding Company)	3.23%	343,100	$54M	held	—	20 q
KMXCarMax Inc.	3.13%	795,300	$53M	added+1%	−0.63 pp	19 q
FISFidelity National Information Services, Inc.	3.04%	675,900	$51M	added+2%	−0.19 pp	9 q
AMZNAmazon.Com Inc	2.69%	400,000	$45M	held	—	28 q
MKLMarkel Group Inc.	2.54%	39,340	$43M	held	—	19 q
AONAon plc Class A	2.36%	147,900	$40M	held	—	10 q
ITGartner, Inc.	2.31%	139,890	$39M	held	—	3 q
ROPRoper Technologies, Inc.	2.30%	107,300	$39M	added+5%	+0.17 pp	6 q
TMOThermo Fisher Scientific, Inc.	2.21%	72,960	$37M	trimmed−7%	−0.04 pp	24 q
ADIAnalog Devices, Inc.	2.12%	255,400	$36M	held	—	16 q
LBTYKLiberty Global Ltd. Class C	1.89%	1,921,000	$32M	trimmed−5%	−0.48 pp	38 q
TXNTexas Instruments Incorporated	1.67%	181,201	$28M	trimmed−3%	+0.16 pp	38 q
BKIBlack Knight, Inc.	1.44%	373,000	$24M	trimmed−14%	−0.06 pp	16 q
ACNAccenture PLC	1.37%	89,400	$23M	held	—	38 q
SPGIS&P Global Inc.	1.34%	73,875	$23M	trimmed−6%	−0.07 pp	11 q
MLMMartin Marietta Materials	1.33%	69,050	$22M	held	—	21 q
ORCLOracle Corp	1.31%	360,500	$22M	held	—	38 q
HEI.AHeico Corp Cl A	1.25%	183,500	$21M	held	—	11 q
LKQLKQ Corporation	1.22%	433,700	$20M	held	—	13 q
99952EURLinde PLC/OLD	1.20%	74,386	$20M	trimmed−6%	−0.01 pp	16 q
ADBEAdobe Inc.	1.07%	65,000	$18M	added+8%	−0.09 pp	2 q
CRMSalesforce, Inc.	1.07%	125,000	$18M	held	—	13 q
9900123DPerimeter Solutions SA	0.98%	2,050,000	$16M	trimmed−2%	−0.22 pp	4 q
AXTAAxalta Coating Systems Ltd.	0.92%	733,500	$15M	held	—	21 q
IEXIDEX Corporation	0.86%	72,100	$14M	trimmed−1%	+0.16 pp	11 q
LM03Liberty Media Cor-siriusxm A	0.85%	375,000	$14M	trimmed−15%	+0.01 pp	26 q
LBRDALiberty Broadband Corporation Class A	0.84%	190,000	$14M	trimmed−5%	−0.36 pp	32 q
35YCorecard Corp	0.82%	630,000	$14M	added+3%	+0.03 pp	38 q
FRCBFirst Republic Bk CA	0.77%	99,050	$13M	held	—	9 q
MKTXMarketAxess Holdings Inc.	0.74%	56,000	$12M	held	—	6 q
GWREGuidewire Software, Inc.	0.71%	193,300	$12M	held	—	27 q
LILAKLiberty Latin America Ltd. Class C	0.60%	1,631,300	$10M	trimmed−8%	−0.13 pp	19 q
DNBDun & Bradstreet Holdings, Inc.	0.53%	713,383	$9M	trimmed−59%	−0.85 pp	7 q
ACIWACI Worldwide, Inc.	0.42%	335,700	$7M	held	—	38 q
DLBDolby Laboratories, Inc.Class A	0.31%	79,500	$5M	trimmed−2%	0.00 pp	10 q
MSFTMicrosoft Corp	0.28%	20,500	$5M	held	—	18 q
IRIngersoll Rand Inc.	0.21%	80,000	$3M	trimmed−38%	−0.08 pp	16 q
FTVFortive Corporation	0.14%	40,800	$2M	held	—	11 q
DEODiageo plc	0.12%	11,700	$2M	held	—	38 q
HONHoneywell International, Inc.	0.12%	11,944	$2M	held	—	11 q
JPMJPMorgan Chase & Co.	0.12%	20,000	$2M	held	—	20 q
CMCSAComcast Corp	0.11%	64,600	$2M	trimmed−87%	−0.96 pp	28 q
unresolvedQurate Retail Inc	0.04%	300,000	$603,000	held	—	18 q
RWTRedwood Trust, Inc.	0.04%	125,485	$720,000	held	—	38 q