2026년 2월 12일 · Unknown · financial · 출처 Yahoo Finance
This article first appeared on GuruFocus.
Insight into Wallace Weitz (Trades, Portfolio)'s Strategic Moves in Q4 2025
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Wallace Weitz (Trades, Portfolio) recently submitted the 13F filing for the fourth quarter of 2025, providing insights into his investment moves during this period. As the portfolio manager of Weitz Value Fund, Weitz Hickory Fund, and Weitz Partners Value Fund, which he started in 1983, Weitz has developed a unique approach to value investing. His strategy combines Benjamin Graham's principles of price sensitivity and a "margin of safety" with a focus on qualitative factors that allow companies to exert control over their destinies. This approach often prioritizes these qualitative aspects over traditional statistical measurements like historical book value or reported earnings.Wallace Weitz Exits CarMax Inc, Impacting Portfolio by -1.58%
Summary of New Buy
Wallace Weitz (Trades, Portfolio) added a total of one stock to his portfolio during the fourth quarter of 2025. The most significant addition was Euronet Worldwide Inc (NASDAQ:EEFT), with 160,000 shares, accounting for 0.72% of the portfolio and a total value of $12.18 million.
Key Position Increases
Wallace Weitz (Trades, Portfolio) also increased stakes in a total of 12 stocks. Among them, the most notable increase was in Liberty Broadband Corp (NASDAQ:LBRDK), with an additional 150,500 shares, bringing the total to 651,000 shares. This adjustment represents a significant 30.07% increase in share count, a 0.43% impact on the current portfolio, and a total value of $31.64 million. The second largest increase was in CDW Corp (NASDAQ:CDW), with an additional 20,600 shares, bringing the total to 56,250. This adjustment represents a significant 57.78% increase in share count, with a total value of $7.66 million.
Summary of Sold Out
Wallace Weitz (Trades, Portfolio) completely exited four holdings in the fourth quarter of 2025. The most impactful sale was CarMax Inc (NYSE:KMX), where Weitz sold all 649,400 shares, resulting in a -1.58% impact on the portfolio. Additionally, he liquidated all 515,000 shares of CoreCard Corp (CCRD), causing a -0.75% impact on the portfolio.
Key Position Reduces
Wallace Weitz (Trades, Portfolio) also reduced positions in 17 stocks. The most significant changes include a reduction in Charter Communications Inc (NASDAQ:CHTR) by 101,955 shares, resulting in a -99.37% decrease in shares and a -1.52% impact on the portfolio. The stock traded at an average price of $224.16 during the quarter and has returned 15.22% over the past three months and 15.48% year-to-date. Additionally, he reduced Alphabet Inc (NASDAQ:GOOG) by 92,700 shares, resulting in a -21.04% reduction in shares and a -1.23% impact on the portfolio. The stock traded at an average price of $287.12 during the quarter and has returned 6.78% over the past three months and -0.79% year-to-date.
Story Continues
Portfolio Overview
At the end of the fourth quarter of 2025, Wallace Weitz (Trades, Portfolio)'s portfolio included 44 stocks. The top holdings were 8.55% in Berkshire Hathaway Inc (NYSE:BRK.B), 6.98% in Danaher Corp (NYSE:DHR), 6.47% in Alphabet Inc (NASDAQ:GOOG), 5.63% in Visa Inc (NYSE:V), and 5.28% in Mastercard Inc (NYSE:MA). The holdings are mainly concentrated in nine of the 11 industries: Financial Services, Healthcare, Technology, Communication Services, Industrials, Basic Materials, Consumer Cyclical, Real Estate, and Consumer Defensive.Wallace Weitz Exits CarMax Inc, Impacting Portfolio by -1.58%
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