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Wallace Weitz’s Q4 Portfolio Showcases Strategic Investment Moves

Renowned investor Wallace Weitz has recently shared the updates to his portfolio for the fourth quarter of 2023, revealing a strategic approach to value investing. As the portfolio manager of Weitz Value Fund, Weitz Hickory Fund, and Weitz Partners Value Fund since 1983, Weitz has developed a philosophy that combines Benjamin Graham’s price sensitivity with a focus on qualitative factors that influence a company’s long-term success.

Global Payments Inc (NYSE:GPN) emerges as a noteworthy addition to Weitz’s portfolio for Q4. Holding 230,000 shares, this new investment represents 1.55% of the portfolio, with a total value of $29.21 million. Weitz’s decision to position Global Payments Inc as a key player in his portfolio suggests his confidence in the company’s potential for growth and success.

Another significant addition to Weitz’s portfolio is Liberty Global Ltd (NASDAQ:LBTYA). With the inclusion of 1,406,500 shares, this investment comprises 1.39% of the portfolio, valued at $26.22 million. Weitz’s strategic move to include Liberty Global Ltd indicates his belief in the company’s prospects and aligns with his overall investment strategy.

In addition to the new holdings, Weitz also increased his positions in several existing stocks. Notably, Veralto Corp (NYSE:VLTO) saw a substantial increase of 249,446 shares, bringing the total to 358,699 shares. This represents a 228.32% surge in share count, showing Weitz’s confidence in the company’s future performance.

On the other hand, Weitz completely exited his holding in Liberty Global Ltd (NASDAQ:LBTYK), liquidating all 1,436,500 shares. This decision suggests a shift in Weitz’s investment strategy, as he focuses on other opportunities with greater potential.

Weitz also made reductions in his positions in 22 stocks, including notable changes in Gartner Inc (NYSE:IT) and Alphabet Inc (NASDAQ:GOOG). Weitz reduced his stake in Gartner Inc by 56,550 shares, a 40.38% decrease, while Alphabet Inc saw a reduction of 122,250 shares, a 12.43% decrease. These adjustments in Weitz’s portfolio reflect his ongoing evaluation of investments and his proactive approach to managing risk.

In conclusion, Wallace Weitz’s latest portfolio updates highlight his strategic investment moves and his commitment to finding value in the market. By positioning Global Payments Inc as a key player and making calculated adjustments to his holdings, Weitz demonstrates his ability to adapt to changing market conditions while maintaining a focus on long-term success.

FAQ Section:

Q: Who is Wallace Weitz?
A: Wallace Weitz is a renowned investor and portfolio manager of Weitz Value Fund, Weitz Hickory Fund, and Weitz Partners Value Fund since 1983. He follows a value investing philosophy that combines price sensitivity with qualitative factors.

Q: What is the significance of Global Payments Inc in Weitz’s portfolio?
A: Global Payments Inc is a noteworthy addition to Weitz’s portfolio for Q4. He holds 230,000 shares of the company, representing 1.55% of the portfolio. This suggests Weitz’s confidence in the company’s potential for growth and success.

Q: What is the significance of Liberty Global Ltd in Weitz’s portfolio?
A: Liberty Global Ltd is another significant addition to Weitz’s portfolio. He included 1,406,500 shares of the company, comprising 1.39% of the portfolio. This indicates his belief in the company’s prospects and aligns with his overall investment strategy.

Q: What is the reason behind Weitz’s increase in holdings of Veralto Corp?
A: Weitz has increased his position in Veralto Corp by 249,446 shares, bringing the total to 358,699 shares. This decision reflects his confidence in the company’s future performance.

Q: Why did Weitz liquidate his holding in Liberty Global Ltd?
A: Weitz completely exited his holding in Liberty Global Ltd by liquidating all 1,436,500 shares. This suggests a shift in his investment strategy as he focuses on other opportunities with greater potential.

Q: Which stocks did Weitz reduce his positions in?
A: Weitz made reductions in his positions in 22 stocks, including notable changes in Gartner Inc and Alphabet Inc. He reduced his stake in Gartner Inc by 56,550 shares (40.38% decrease) and Alphabet Inc by 122,250 shares (12.43% decrease).

Definitions:
– Portfolio manager: A professional responsible for managing an investment portfolio on behalf of clients or funds.
– Value investing: A strategy that focuses on investing in undervalued stocks or assets with the expectation that their value will eventually increase.
– Price sensitivity: An approach that considers the impact of price changes on demand and consumer behavior.
– Qualitative factors: Non-quantifiable aspects that affect a company’s performance, such as reputation, brand value, or customer satisfaction.
– Share count: The total number of shares of a particular stock held by an investor or entity.
– Liquidate: To sell off or convert assets into cash, thereby closing a position.

Suggested related link: Wallace Weitz Official Website