Weitz Investment

Q3 2023 13F · by Brad Hinton, CIO

As of: Sep 30, 2023
Filed: Nov 13, 2023
US stock: $1.8B · prev $1.9B
Positions: 53 · prev 48
Options notional: $0
Documents: 1· no amendments

Picture100.0% US stock

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

US stock listed on a US exchange 100.0%
Foreign stock not listed in the US 0.0%
Notes debt, at principal 0.0%
Puts at notional value 0.0%
Calls at notional value 0.0%

Moves39 since the prior filing

+7.8 pp in · −7.6 pp out

New 8 +7.19 pp
Added 11 +0.61 pp
Trimmed 17 −2.90 pp
Exited 3 −4.69 pp

The book

Focused · behaves like 30 equal-sized positions

Very concentrated
Concentrated
Focused
Diversified

Moderate turnover · 34% a year, about 2.9 years per position

Low
Moderate
High

Top 5 positions28% of US stock

GOOG Alphabet Inc. Class C trimmed+0.44 pp trimmed+0.447.1%
BRK.B BERKSHIRE HATHAWAY Class B trimmed+0.16 pp trimmed+0.167.0%
V VISA Inc. held held4.7%
MA Mastercard Incorporated held held4.7%
DHR Danaher Corporation added+0.47 pp added+0.474.5%

Positions53 in this filing · 3 exited


GOOGAlphabet Inc. Class C	7.13%	983,200	$130M	trimmed−5%	+0.44 pp	38 q
BRK.BBERKSHIRE HATHAWAY Class B	6.97%	361,950	$127M	trimmed−3%	+0.16 pp	42 q
VVISA Inc.	4.73%	374,200	$86M	held	—	29 q
MAMastercard Incorporated	4.65%	213,350	$84M	held	—	36 q
DHRDanaher Corporation	4.47%	327,760	$81M	added+6%	+0.47 pp	25 q
CSGPCoStar Group Inc	4.00%	947,000	$73M	trimmed−11%	−1.10 pp	15 q
METAMeta Platforms, Inc. Class A	3.82%	231,275	$69M	trimmed−8%	−0.05 pp	23 q
TMOThermo Fisher Scientific, Inc.	3.48%	125,080	$63M	added+21%	+0.58 pp	28 q
VMCVulcan Materials Company(Holding Company)	3.36%	302,800	$61M	trimmed−1%	−0.34 pp	24 q
LBRDKLiberty Broadband Corporation Class C	3.34%	665,500	$61M	trimmed−17%	−0.09 pp	36 q
99803EURLaboratory Crp Of Amer Hldgs	3.13%	283,350	$57M	added+6%	−0.34 pp	42 q
KMXCarMax Inc.	2.80%	719,500	$51M	trimmed−5%	−0.61 pp	23 q
AMZNAmazon.Com Inc	2.76%	395,000	$50M	trimmed−8%	−0.25 pp	32 q
ROPRoper Technologies, Inc.	2.72%	102,300	$50M	held	—	10 q
ITGartner, Inc.	2.65%	140,050	$48M	held	—	7 q
AONAon plc Class A	2.58%	144,650	$47M	held	—	14 q
LM0CLiberty Media Corp-liber-new	2.50%	1,788,000	$46M	new	+2.50 pp	new
MKLMarkel Group Inc.	2.36%	29,190	$43M	trimmed−11%	−0.08 pp	23 q
ADIAnalog Devices, Inc.	2.31%	240,200	$42M	held	—	20 q
ACNAccenture PLC	1.72%	102,000	$31M	held	—	42 q
ORCLOracle Corp	1.66%	285,500	$30M	held	—	42 q
ADBEAdobe Inc.	1.61%	57,500	$29M	trimmed−4%	+0.04 pp	6 q
FISFidelity National Information Services, Inc.	1.52%	501,500	$28M	trimmed−25%	−0.45 pp	13 q
TXNTexas Instruments Incorporated	1.49%	170,101	$27M	held	—	42 q
EFXEquifax, Incorporated	1.47%	146,000	$27M	new	+1.47 pp	new
LBTYKLiberty Global Ltd. Class C	1.47%	1,436,500	$27M	trimmed−1%	+0.08 pp	42 q
SPGIS&P Global Inc.	1.43%	71,375	$26M	trimmed−3%	−0.16 pp	15 q
MLMMartin Marietta Materials	1.40%	62,000	$25M	trimmed−6%	−0.24 pp	25 q
CRMSalesforce, Inc.	1.39%	125,000	$25M	held	—	17 q
HEI.AHeico Corp Cl A	1.30%	183,300	$24M	added0%	−0.08 pp	15 q
CHTRCharter Comm Inc Del CL A New	1.24%	51,100	$22M	added+16%	+0.37 pp	4 q
LINLinde plc	1.20%	58,750	$22M	held	—	3 q
LKQLKQ Corporation	1.12%	412,250	$20M	added0%	−0.17 pp	17 q
MCHPMicrochip Technology Inc	1.11%	259,600	$20M	new	+1.11 pp	new
GWREGuidewire Software, Inc.	1.07%	215,600	$19M	held	—	31 q
MSFTMicrosoft Corp	1.00%	57,700	$18M	held	—	22 q
9900123DPerimeter Solutions SA	0.91%	3,635,000	$17M	added+13%	−0.16 pp	8 q
LLYVKLiberty Media Corp-liberty-c	0.87%	490,000	$16M	new	+0.87 pp	new
IEXIDEX Corporation	0.77%	66,900	$14M	added0%	0.00 pp	15 q
LBRDALiberty Broadband Corporation Class A	0.70%	140,000	$13M	trimmed−26%	−0.11 pp	36 q
35YCorecard Corp	0.56%	510,000	$10M	added+2%	−0.12 pp	42 q
LILAKLiberty Latin America Ltd. Class C	0.55%	1,221,500	$10M	trimmed−16%	−0.12 pp	23 q
Redwood Trust Incconvertible	0.49%	9,000,000	$9M	new	+0.49 pp	new
22941EURLiberty Media Corp-cl A New	0.43%	310,000	$8M	new	+0.43 pp	new
ACIWACI Worldwide, Inc.	0.35%	285,000	$6M	added+22%	+0.06 pp	42 q
LYVLive Nation Entertainment Inc.	0.28%	61,000	$5M	held	—	3 q
JPMJPMorgan Chase & Co.	0.19%	23,500	$3M	held	—	24 q
Rwt Holdings Incconvertible	0.18%	3,500,000	$3M	new	+0.18 pp	new
FTVFortive Corporation	0.17%	40,800	$3M	held	—	15 q
CMCSAComcast Corp	0.16%	64,600	$3M	held	—	32 q
DEODiageo plc	0.14%	17,500	$3M	added+19%	0.00 pp	42 q
LLYVALiberty Media Corp-liberty-a	0.14%	77,500	$2M	new	+0.14 pp	new
HONHoneywell International, Inc.	0.11%	11,300	$2M	trimmed−2%	−0.02 pp	15 q
LSXMKLiberty Media Cor-siriusxm C	—	−1,788,000	—	exited	−3.14 pp	—
BKIBlack Knight, Inc.	—	−311,400	—	exited	−1.00 pp	—
LM03Liberty Media Cor-siriusxm A	—	−310,000	—	exited	−0.55 pp	—