x. Andrew Weitz. Today, Weitz manages approximately $3.5 billion in assets, including personal investments from Weitz team members, who have significant assets in the mutual funds we manage. Use of Weitz's website to manage shareholder accounts involves the electronic transmission of personal financial information. A higher active share indicates a larger difference between the benchmark and the portfolio. This commentary is being provided … Weitz is not responsible for content on other companies' websites. Three of the four funds … The Russell 3000 Index measures the performance of the largest 3,000 U.S. companies representing approximately 98% of the investable U.S. equity market. Entertainment. Information provided on this website is intended only for persons who are eligible to purchase U.S.-registered investment funds or to invest in a separate account advised by Weitz Investment Management, Inc. At Weitz, we are singularly focused on serving our clients. Weitz Inc. may refer to itself as a “registered investment adviser” or “RIA”. Portfolio Manager. Relative Results are the difference between the Fund’s performance and the performance of the reflected benchmark. We understand this focus isn’t terribly unique. Investment Management . For this reason, do not enter personal information if requested via email or pop-up. The greater the standard deviation, the greater a fund’s volatility. Account and Transaction Information on this Website. ©2021 Weitz Investment Management, Inc. All rights reserved. Weitz Investment Management is committed to keeping your personal information secure. Weitz Investment Management is a large advisory firm with 25 clients and discretionary assets under management (AUM) of $3,540,280,673 (Form ADV from 2020-05-15). based on risk adjusted returns, Out of 180 Long-Short Equity funds as of 03/31/2021 The largest investments include Berkshire Hathaway and Alphabet, together worth $411 million. times of distress we have the courage of our convictions to step in and buy at Co-CIO Brad Hinton and director of equity research Barton Hooper join Asset TV to dive into our Quality at a Discount investing framework and break down the six elements we use as a roadmap for determining what constitutes a high-quality company. The Bloomberg Barclays 1-3 Year U.S. The CPI + 1% is created by adding 1% to the annual percentage change in the Consumer Price Index (“CPI”) as determined by the U.S. Department of Labor Statistics. Channel Weitz Investment Management. driven investing means deeply understanding our investable universe so that in He and co-PM Drew Weitz discuss how they’re managing their long/short portfolio – the Weitz Partners III Opportunity Fund – where they see opportunities today, and their view on the economic recovery in 2021. You cannot invest directly in an index. Yield to Maturity (YTM) is the total return anticipated on a bond portfolio if the bonds are held to maturity. The Bloomberg Barclays 5-Year Municipal Bond Index is a capitalization weighted bond index generally representative of major municipal bonds of all quality ratings with an average maturity of approximately five years. times of distress we have the courage of our convictions to step in and buy at Powered by FundSys - a SySys content and data management system. This and other important information is contained in the prospectus and summary prospectus, which may be obtained here or from a financial advisor. Effective Long is the sum of the portfolio’s long positions (such as common stocks, or derivatives where the price increases when an index or position rises). Weitz Securities, Inc. is the distributor of the Weitz Funds. Drew will remain co-portfolio manager of the Weitz Hickory Fund but will turn over the firm's director of equity research role to veteran equity analyst Barton Hooper, CFA. Active share indicates the proportion of portfolio holdings that are different than the benchmark. Our client services team remains at Weitz offices in Omaha (Weitz Client Service) and will continue to support Weitz Funds shareholders. Weitz Investment Management, registered in 1983, serves 1 state(s) with a licensed staff of 13 advisors. searching for Weitz Investment Management, Inc. or the firm’s CRD number 105088. If you have not yet done so you will be required to re-register (your previous login will not carry over to the new portal). Summary. The Russell 1000 Index measures the performance of the large-cap segment of the U.S. equity universe. Over the past three decades, Weitz has leveraged its research-driven approach to capitalize on opportunities that arise out of market inefficiencies. Aggregate Bond Index is a broad-based benchmark that measures the investment grade, U.S. dollar-denominated, fixed-rate taxable bond market. It includes approximately 2,500 of the smallest securities based on a combination of their market cap and current index membership. Technology; Education; Search for; Sidebar; Log In; Follow. The opinions are current through the date of publication, are subject to change at any time based on market and other current conditions, and no forecasts can be guaranteed. Thirty years after starting his eponymous firm, Weitz, 64, has proved to be a venerable value manager in his own right. 00:05:09. The Weitz Investment Management offices remain in Omaha, NE. Founded by value investor Wally Weitz in 1983, Weitz Investment Management, Inc. is a boutique, employee-owned asset management firm headquartered in Omaha, Nebraska. The mailing address for account-related documents and checks is in Columbus, OH (this was formerly in Kansas City, MO, where SS&C is located). Wallace Weitz's 13F portfolio value decreased from $2.55B to $1.88B this quarter. Represents net investment income earned by a fund over a 30-day period, expressed as an annual percentage rate based on the fund's share price at the end of the 30-day period. "Research bargain prices." Beta measures volatility in relation to the fund's benchmark. It is calculated as the current share price times the number of shares outstanding as of the most recent quarter. 12b-1 fees represent the annual charge deducted from fund assets to pay for distribution and marketing costs. May 8, 2019. Weitz fixed income portfolio managers Tom Carney, CFA, and Nolan Anderson explain our approach to balancing risk and return. Weitz Investment Management 2021 Outlook. Index performance is hypothetical and is shown for illustrative purposes only. Prior to starting the firm, he worked as an analyst and portfolio manager at Chiles, Heider & Co. Research Driven "Research driven investing means deeply understanding our investable universe so that in times of distress we have the courage of our convictions to step in and buy at bargain prices. The Russell 3000 Value Index measures the performance of the broad value segment of the U.S. equity value universe. Are your office hours changing? The longer a fund's duration, the more sensitive the fund is to shifts in interest rates. Portfolio turnover is a measure of how much buying and selling of securities a portfolio does during a particular period. The Russell Midcap Index tracks the performance of the 800 next-largest U.S. companies, after the 1,000 largest U.S. companies. © Weitz Investment Management, Inc. All rights reserved. The following indices are used as benchmarks for the various mutual funds offered by Weitz Funds. Sharpe Ratio is a risk-adjusted performance statistic that measures reward per unit of risk. Weitz Investment Management, Inc., adviser to the Weitz Funds, has appointed Drew Weitz as co-portfolio manager of the Weitz Partners III Opportunity Fund and the Weitz Partners Value Fund. This represents 8.4 percent ownership of the company. This commentary is being provided … This and other important information is contained in the prospectus and summary prospectus, which may be obtained here or from a financial advisor. Create new playlist Instinct for Opportunity: From Stock-Picking to Fixed Income. The market capitalization of a company represents the current stock-market value of a company's equity. Weitz worked as an analyst in New York and a broker in Omaha before founding Weitz Investment Management. The Russell 2500 Index measures the performance of the small to mid-cap segment of the U.S. equity universe, commonly referred to as “SMID” cap. For more information, see our site tutorial and FAQs provided here. At Weitz, we often refer to business and management quality as key pillars of our investment philosophy. based on risk adjusted returns, Out of 1225 Large Blend funds as of 03/31/2021 It includes those Russell 1000 companies with lower price-to-book ratios and lower expected growth values. The third quarter was a … There can be no guarantee that the CPI will reflect the level of inflation at any time. There are currently 57 companies in Mr. Weitz’s portfolio. Their last reported 13F filing for Q4 2020 included $2,345,864,000 in managed 13F securities and a top 10 holdings concentration of 45.43%. The Russell 1000 Value Index measures the performance of the large-cap value segment of the U.S. equity universe. Motivation. Weitz Investment Management, an investment management firm, published its “Hickory Fund” fourth quarter 2020 investor letter – a copy of which can be … Weitz Investment Management Inc.Reduces Shares in Intelligent Systems Corporation December 31, Weitz Investment Management Inc.Sold 248,000. Weitz Investment Management, an investment management firm, published its “Value Fund” fourth quarter 2020 investor letter – a copy of which can be … Weitz Investment Management, Inc. ownership in INS / Intelligent Systems Corp. 2021-01-06 - Weitz Investment Management, Inc. has filed an SC 13G/A form with the Securities and Exchange Commission (SEC) disclosing ownership of 750,000 shares of Intelligent Systems Corp. (US:INS). Get To Know Weitz Investments. Information provided on this website is intended only for persons who are eligible to purchase U.S.-registered investment funds or to invest in a separate account advised by Weitz Investment Management, Inc. Effective Short is the sum of the portfolio’s short positions (such as, derivatives where the price increases when an index or position falls). Weitz Investment Management, an investment management firm, published its “Value Fund” fourth quarter 2020 investor letter – a copy of which can be … Learn more about the Weitz Way of investing at http://weitzinvestments.com, view our prospectus… Please read the prospectus carefully before investing. It is a subset of the Russell 3000 Index and includes approximately 1,000 of the largest securities based on a combination of their market cap and current index membership. Join Weitz Investment Management equity portfolio managers for a review of last year’s challenges, what the new presidential administration could mean for the markets, and thoughts on possible light at the end of the tunnel for the COVID-19 pandemic. Investors should consider carefully the investment objectives, risks, and charges and expenses of a fund or separate account before investing. Games. The S&P 500 is an unmanaged index consisting of 500 companies generally representative of the market for the stocks of large-size U.S. companies. Weitz Investment Management, an investment management firm, published its “Partners Value Fund” fourth quarter 2020 investor letter – a copy … Sports. Effective Net is the Effective Long minus the Effective Short. Tweets by Weitz Investments . Yield to Worst (YTW) is the lowest potential yield that can be received on a bond portfolio without the issuers actually defaulting. Information ratio is a portfolio’s excess return (over its benchmark), divided by the amount of excess risk taken relative to the benchmark. The opinions expressed are those of Weitz Investment Management and are not meant as investment advice or to predict or project the future performance of any investment product. Upside Capture Ratio measures performance in up markets relative to the benchmark. Wally Weitz, CFA, founder, co-chief investment officer & portfolio manager Non-Investment Grade Bonds are those securities (commonly referred to as “high yield” or “junk” bonds) rated BB+ and below. FIS, the fund's transfer agent, is located in Columbus, OH. 00:05:03. This fee will be charged by the fund company and then added back to the fund. The Morningstar Moderately Conservative Target Risk Index is an asset allocation index comprised of constituent Morningstar indices and reflects global equity market exposure of 40% based on an asset allocation methodology derived by Ibbotson Associates, a Morningstar company. You should be aware that registration with the SEC does not imply a certain level of skill or training. A measure of 100 indicates that all of the return can be explained by movements in the benchmark. -Wally Weitz, Bottom-up focused • Fundamental research driven • High conviction. Weitz has owned shares in Berkshire Hathaway since 1976, when he paid $300 for shares worth $174,500 as of the date of Sarah Max’s article. Average coupon is the weighted average coupon rate of each bond in the portfolio. As transfer agent, FIS will provide service for your Weitz Fund accounts (Weitz Shareholder Services). Investors should consider carefully the investment objectives, risks, and charges and expenses of a fund or separate account before investing. Please read the prospectus carefully before investing. based on risk adjusted returns. January 8, 2021. Weitz Investment Management manages $3.8 billion and provides investment advisory services for 25 clients (1:2 advisor/client ratio). Average effective duration provides a measure of a fund's interest-rate sensitivity. (available Monday-Friday 8:00 a.m. to 6:00 p.m. EST, excluding market holidays). Andrew Weitz ×. ", Investors should consider carefully the investment objectives, risks, and charges and expenses of a fund or separate account before investing. The net expense ratio represents what investors are ultimately charged to be invested in a mutual fund. A Consistent Approach Across Strategies . I consent to receive a Prospectus and/or Summary Prospectus electronically for the Weitz Fund in which I am investing. Note: As of 3/22, Weitz has a new online account portal. Weitz Investment Management’s equity funds are Weitz Partners Value Fund (WPVLX), Weitz Value Fund (WVALX), Weitz Partners III Opportunity Fund (WPOIX), and Weitz Hickory Fund (WEHIX). The number of positions increased from 68 to 69. Investment Grade Bonds are those securities rated at least BBB-. A beta of less than 1.0 indicates lower volatility while a beta of more than 1.0 indicates higher volatility than the benchmark. Weitz Investment Management’s equity funds are Weitz Partners Value Fund (WPVLX), Weitz Value Fund (WVALX), Weitz Partners III Opportunity Fund (WPOIX), and Weitz Hickory Fund (WEHIX). Nothing contained on this website should be considered a solicitation to buy or an offer to sell a security in any jurisdiction where unlawful. The recent bond market selloff helps demonstrate the importance of active management in rising rate environments. Weitz Investment Management, Inc 13F annual report Weitz Investment Management, Inc is an investment fund managing more than $2 billion ran by Wallace Weitz. Founded by value investor Wally Weitz in 1983, Weitz Investment Management, Inc. is a boutique, employee-owned asset management firm headquartered in Omaha, Nebraska. Nothing contained on this website should be considered a solicitation to buy or an offer to sell a security in any jurisdiction where unlawful. Standard Deviation measures the degree to which a fund’s performance has varied from its average performance over a particular time period. Saxon & Co. Wally has a bachelor's in economics from Carleton College. R-Squared is a measure that represents the percentage of a portfolio’s movements that can be explained by movements in a benchmark. Wally founded Weitz Investment Management in 1983. The gross expense ratio reflects the total annual operating expenses of a mutual fund, before any fee waivers or reimbursements. A redemption fee is a fee charged to an investor when shares are sold from a fund. It includes those Russell 3000 companies with lower price-to-book ratios and lower forecasted growth values. Also known as loads, sales charges represent the maximum level of initial (front-end) and deferred (back-end) sales charges imposed by a fund. Downside Capture Ratio measures performance in down markets relative to the benchmark. "Research driven investing means deeply understanding our investable universe so that in NEW ADDRESS FOR MAILING CHECKS AND DOCUMENTS, Fidelity National Information Services (NYSE: FIS). A turnover of 100 percent means the portfolio has sold the equivalent of every security in its portfolio and replaced it with something else over a set period. Facebook; Twitter; YouTube; Instagram ; Latest Post. Just as we actively manage the assets entrusted to us, we believe in actively supporting our community. The Bloomberg Barclays U.S. The opinions are current through the date of publication, are subject to change at any time based on market and other current conditions, and no forecasts can be guaranteed. Out of 540 Intermediate Core-Plus Bond funds as of 03/31/2021 Eagle Strategies LLC, is a Registered Investment Adviser and an indirect, wholly-owned subsidiary of New York Life Insurance Company, is a provider of holistic investment advisory and financial planning services. The ICE BofA 6-Month Treasury Bill Index is generally representative of the market for U.S. Treasury Bills. Previously, he was a security analyst at G.A. Create new playlist A Flexible Approach to Fixed Income. Weitz Investment Management, Inc., adviser to the Weitz Funds, has appointed Drew Weitz as co-portfolio manager of the Weitz Partners III Opportunity Weitz Securities, Inc. is the Distributor of the Weitz Funds. Weitz Investment Management - Home Page. 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