Weitz Investment

Q4 2022 13F · by Brad Hinton, CIO

As of: Dec 31, 2022
Filed: Feb 9, 2023
US stock: $1.7B · prev $1.7B
Positions: 55 · prev 55
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%

Moves38 since the prior filing

+0.5 pp in · −0.3 pp out

New 1 +0.10 pp
Added 8 +0.43 pp
Trimmed 28 +0.26 pp
Exited 1 −0.53 pp

The book

Focused · behaves like 32 equal-sized positions

Very concentrated
Concentrated
Focused
Diversified

Low turnover · 7.9% a year, about 12.7 years per position

Low
Moderate
High

Top 5 positions26% of US stock

BRK.B BERKSHIRE HATHAWAY Class B trimmed+0.36 pp trimmed+0.366.7%
GOOG Alphabet Inc. Class C added−0.74 pp added−0.745.8%
CSGP CoStar Group Inc trimmed−0.29 pp trimmed−0.294.9%
V VISA Inc. trimmed+0.18 pp trimmed+0.184.6%
MA Mastercard Incorporated trimmed+0.49 pp trimmed+0.494.5%

Positions55 in this filing · 1 exited


BRK.BBERKSHIRE HATHAWAY Class B	6.73%	380,450	$118M	trimmed−5%	+0.36 pp	39 q
GOOGAlphabet Inc. Class C	5.79%	1,140,560	$101M	added0%	−0.74 pp	35 q
CSGPCoStar Group Inc	4.89%	1,105,800	$85M	trimmed−11%	−0.29 pp	12 q
VVISA Inc.	4.58%	385,600	$80M	trimmed−7%	+0.18 pp	26 q
MAMastercard Incorporated	4.46%	224,050	$78M	trimmed−4%	+0.49 pp	33 q
DHRDanaher Corporation	3.66%	240,710	$64M	trimmed−3%	−0.15 pp	22 q
LSXMKLiberty Media Cor-siriusxm C	3.62%	1,617,200	$63M	trimmed−3%	−0.13 pp	27 q
99803EURLaboratory Crp Of Amer Hldgs	3.55%	263,650	$62M	trimmed−1%	+0.30 pp	39 q
SCHWThe Charles Schwab Corporation	3.46%	726,426	$60M	trimmed−6%	+0.15 pp	18 q
METAMeta Platforms, Inc. Class A	3.39%	492,800	$59M	added+17%	−0.02 pp	20 q
VMCVulcan Materials Company(Holding Company)	3.34%	333,600	$58M	trimmed−3%	+0.11 pp	21 q
LBRDKLiberty Broadband Corporation Class C	3.27%	749,700	$57M	trimmed−3%	−0.12 pp	33 q
KMXCarMax Inc.	2.93%	840,500	$51M	added+6%	−0.20 pp	20 q
MKLMarkel Group Inc.	2.82%	37,390	$49M	trimmed−5%	+0.28 pp	20 q
ITGartner, Inc.	2.69%	139,890	$47M	held	—	4 q
FISFidelity National Information Services, Inc.	2.62%	675,900	$46M	held	—	10 q
AONAon plc Class A	2.54%	147,900	$44M	held	—	11 q
ROPRoper Technologies, Inc.	2.28%	92,300	$40M	trimmed−14%	−0.02 pp	7 q
ADIAnalog Devices, Inc.	2.26%	240,400	$39M	trimmed−6%	+0.14 pp	17 q
TMOThermo Fisher Scientific, Inc.	2.14%	67,960	$37M	trimmed−7%	−0.07 pp	25 q
ORCLOracle Corp	2.04%	435,500	$36M	added+21%	+0.73 pp	39 q
AMZNAmazon.Com Inc	1.92%	400,000	$34M	held	—	29 q
LBTYKLiberty Global Ltd. Class C	1.90%	1,711,000	$33M	trimmed−11%	+0.01 pp	39 q
TXNTexas Instruments Incorporated	1.71%	181,201	$30M	held	—	39 q
SPGIS&P Global Inc.	1.42%	73,875	$25M	held	—	12 q
ACNAccenture PLC	1.37%	89,400	$24M	held	—	39 q
MLMMartin Marietta Materials	1.28%	66,050	$22M	trimmed−4%	−0.05 pp	22 q
HEI.AHeico Corp Cl A	1.26%	183,500	$22M	held	—	12 q
LKQLKQ Corporation	1.26%	413,700	$22M	trimmed−5%	+0.04 pp	14 q
ADBEAdobe Inc.	1.25%	65,000	$22M	held	—	3 q
BKIBlack Knight, Inc.	1.18%	333,000	$21M	trimmed−11%	−0.26 pp	17 q
99952EURLinde PLC/OLD	1.10%	58,750	$19M	trimmed−21%	−0.10 pp	17 q
CRMSalesforce, Inc.	1.06%	140,000	$19M	added+12%	−0.01 pp	14 q
9900123DPerimeter Solutions SA	1.05%	2,000,000	$18M	trimmed−2%	+0.07 pp	5 q
35YCorecard Corp	0.97%	582,723	$17M	trimmed−8%	+0.15 pp	39 q
IEXIDEX Corporation	0.88%	67,100	$15M	trimmed−7%	+0.02 pp	12 q
MSFTMicrosoft Corp	0.83%	60,500	$15M	added×3.0	+0.55 pp	19 q
FRCBFirst Republic Bk CA	0.82%	117,450	$14M	added+19%	+0.05 pp	10 q
LBRDALiberty Broadband Corporation Class A	0.82%	190,000	$14M	held	—	33 q
GWREGuidewire Software, Inc.	0.78%	216,500	$14M	added+12%	+0.07 pp	28 q
AXTAAxalta Coating Systems Ltd.	0.76%	521,000	$13M	trimmed−29%	−0.16 pp	22 q
LM03Liberty Media Cor-siriusxm A	0.70%	310,000	$12M	trimmed−17%	−0.15 pp	27 q
LILAKLiberty Latin America Ltd. Class C	0.68%	1,561,300	$12M	trimmed−4%	+0.08 pp	20 q
DLBDolby Laboratories, Inc.Class A	0.32%	79,500	$6M	held	—	11 q
MKTXMarketAxess Holdings Inc.	0.29%	18,000	$5M	trimmed−68%	−0.45 pp	7 q
IRIngersoll Rand Inc.	0.24%	80,000	$4M	held	—	17 q
ACIWACI Worldwide, Inc.	0.23%	176,335	$4M	trimmed−47%	−0.19 pp	39 q
FTVFortive Corporation	0.15%	40,800	$3M	held	—	12 q
JPMJPMorgan Chase & Co.	0.15%	20,000	$3M	held	—	21 q
HONHoneywell International, Inc.	0.14%	11,500	$2M	trimmed−4%	+0.02 pp	12 q
CMCSAComcast Corp	0.13%	64,600	$2M	held	—	29 q
DEODiageo plc	0.12%	11,700	$2M	held	—	39 q
CHTRCharter Comm Inc Del CL A New	0.10%	5,000	$2M	new	+0.10 pp	new
RWTRedwood Trust, Inc.	0.05%	125,485	$848,279	held	—	39 q
unresolvedQurate Retail Inc	0.03%	300,000	$489,000	held	—	19 q
DNBDun & Bradstreet Holdings, Inc.	—	−713,383	—	exited	−0.53 pp	—