Weitz Investment

Q4 2023 13F · by Brad Hinton, CIO

As of: Dec 31, 2023
Filed: Feb 12, 2024
US stock: $1.9B · prev $1.8B
Positions: 55 · prev 53
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%

Moves32 since the prior filing

+3.5 pp in · −3.4 pp out

New 2 +3.10 pp
Added 7 +0.38 pp
Trimmed 23 −3.41 pp
Exited 0 0.00 pp

The book

Focused · behaves like 32 equal-sized positions

Very concentrated
Concentrated
Focused
Diversified

Low turnover · 16% a year, about 6.2 years per position

Low
Moderate
High

Top 5 positions27% of US stock

BRK.B BERKSHIRE HATHAWAY Class B trimmed−0.31 pp trimmed−0.316.7%
GOOG Alphabet Inc. Class C trimmed−0.74 pp trimmed−0.746.4%
V VISA Inc. trimmed+0.27 pp trimmed+0.275.0%
MA Mastercard Incorporated trimmed−0.08 pp trimmed−0.084.6%
DHR Danaher Corporation added−0.23 pp added−0.234.2%

Positions55 in this filing · 0 exited


BRK.BBERKSHIRE HATHAWAY Class B	6.66%	354,450	$126M	trimmed−2%	−0.31 pp	43 q
GOOGAlphabet Inc. Class C	6.39%	860,950	$121M	trimmed−12%	−0.74 pp	39 q
VVISA Inc.	5.00%	364,200	$95M	trimmed−3%	+0.27 pp	30 q
MAMastercard Incorporated	4.57%	203,350	$87M	trimmed−5%	−0.08 pp	37 q
DHRDanaher Corporation	4.24%	348,010	$81M	added+6%	−0.23 pp	26 q
METAMeta Platforms, Inc. Class A	4.22%	226,275	$80M	trimmed−2%	+0.40 pp	24 q
CSGPCoStar Group Inc	4.04%	876,500	$77M	trimmed−7%	+0.04 pp	16 q
TMOThermo Fisher Scientific, Inc.	3.50%	125,080	$66M	held	—	29 q
VMCVulcan Materials Company(Holding Company)	3.32%	277,300	$63M	trimmed−8%	−0.04 pp	25 q
99803EURLaboratory Crp Of Amer Hldgs	3.13%	261,350	$59M	trimmed−8%	0.00 pp	43 q
KMXCarMax Inc.	3.03%	749,500	$58M	added+4%	+0.23 pp	24 q
LBRDKLiberty Broadband Corporation Class C	2.91%	685,500	$55M	added+3%	−0.43 pp	37 q
AMZNAmazon.Com Inc	2.84%	355,000	$54M	trimmed−10%	+0.08 pp	33 q
LM0CLiberty Media Corp-liber-new	2.69%	1,771,813	$51M	trimmed−1%	+0.19 pp	2 q
ADIAnalog Devices, Inc.	2.40%	229,200	$46M	trimmed−5%	+0.09 pp	21 q
AONAon plc Class A	2.22%	144,650	$42M	held	—	15 q
ROPRoper Technologies, Inc.	2.07%	72,100	$39M	trimmed−30%	−0.65 pp	11 q
EFXEquifax, Incorporated	2.00%	153,500	$38M	added+5%	+0.53 pp	2 q
ITGartner, Inc.	1.99%	83,500	$38M	trimmed−40%	−0.66 pp	8 q
MKLMarkel Group Inc.	1.88%	25,190	$36M	trimmed−14%	−0.48 pp	24 q
ACNAccenture PLC	1.79%	97,000	$34M	trimmed−5%	+0.07 pp	43 q
CRMSalesforce, Inc.	1.73%	125,000	$33M	held	—	18 q
SPGIS&P Global Inc.	1.66%	71,375	$31M	held	—	16 q
ORCLOracle Corp	1.59%	285,500	$30M	held	—	43 q
VLTOVeralto Corporation	1.56%	358,699	$30M	new	+1.56 pp	new
GPNGlobal Payments, Inc.	1.54%	230,000	$29M	new	+1.54 pp	new
TXNTexas Instruments Incorporated	1.53%	170,101	$29M	held	—	43 q
FISFidelity National Information Services, Inc.	1.41%	446,500	$27M	trimmed−11%	−0.11 pp	14 q
HEI.AHeico Corp Cl A	1.38%	183,300	$26M	held	—	16 q
LBTYKLiberty Global Ltd. Class C	1.38%	1,406,500	$26M	trimmed−2%	−0.09 pp	43 q
MLMMartin Marietta Materials	1.30%	49,300	$25M	trimmed−20%	−0.10 pp	26 q
CHTRCharter Comm Inc Del CL A New	1.25%	61,100	$24M	added+20%	+0.01 pp	5 q
MCHPMicrochip Technology Inc	1.23%	259,600	$23M	held	—	2 q
MSFTMicrosoft Corp	1.14%	57,500	$22M	trimmed−0%	+0.14 pp	23 q
LINLinde plc	1.06%	48,900	$20M	trimmed−17%	−0.14 pp	4 q
LKQLKQ Corporation	1.04%	412,250	$20M	held	—	18 q
ADBEAdobe Inc.	0.94%	30,000	$18M	trimmed−48%	−0.67 pp	7 q
9900123DPerimeter Solutions SA	0.88%	3,635,000	$17M	held	—	9 q
IEXIDEX Corporation	0.77%	66,900	$15M	held	—	16 q
GWREGuidewire Software, Inc.	0.70%	122,100	$13M	trimmed−43%	−0.37 pp	32 q
LLYVKLiberty Media Corp-liberty-c	0.62%	315,000	$12M	trimmed−36%	−0.25 pp	2 q
ACIWACI Worldwide, Inc.	0.60%	372,000	$11M	added+31%	+0.25 pp	43 q
LBRDALiberty Broadband Corporation Class A	0.59%	140,000	$11M	held	—	37 q
22941EURLiberty Media Corp-cl A New	0.47%	310,000	$9M	held	—	2 q
Redwood Trust Incconvertible	0.47%	9,000,000	$9M	held	—	2 q
LILAKLiberty Latin America Ltd. Class C	0.47%	1,221,500	$9M	held	—	24 q
35YCorecard Corp	0.37%	510,000	$7M	held	—	43 q
LYVLive Nation Entertainment Inc.	0.30%	61,000	$6M	held	—	4 q
JPMJPMorgan Chase & Co.	0.21%	23,500	$4M	held	—	25 q
Rwt Holdings Incconvertible	0.17%	3,500,000	$3M	held	—	2 q
DEODiageo plc	0.16%	20,500	$3M	added+17%	+0.02 pp	43 q
FTVFortive Corporation	0.16%	40,800	$3M	held	—	16 q
CMCSAComcast Corp	0.15%	64,600	$3M	held	—	33 q
LLYVALiberty Media Corp-liberty-a	0.15%	77,500	$3M	held	—	2 q
HONHoneywell International, Inc.	0.12%	11,300	$2M	held	—	16 q