SPGI - Weitz Investment Management Q4 2020 Commentary

• 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 Value Fund’s Institutional Class returned +10.19% for the fourth quarter compared to +12.15% for the S&P 500 and +12.78 for the Morningstar Large-Cap Blend category.
• For the calendar year, the Fund’s Institutional Class returned +18.68% compared to +18.40% for the index and 15.12% for the category.
• Financial stocks enjoyed healthy fourth-quarter gains. Charles Schwab and JPMorgan were outsized contributors as investors refocused on earning power in more “normal” times.

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