IT - Weitz Large Cap Equity Fund Q1 2024 Commentary

2024-04-26 05:30:00 ET

Summary

• The Large Cap Equity Fund's Institutional Class returned +7.79% for the first quarter compared to +10.30% for the Russell 1000 Index.
• Fund returns have now topped 50% from the October 2022 lows.
• Following our valuation discipline, we continued to methodically rotate from more fully priced stocks to those trading at healthier discounts to our value estimates.

The Large Cap Equity Fund's Institutional Class returned +7.79% for the first quarter compared to +10.30% for the Russell 1000 Index. For the one-year period ended March 31, 2024, the Fund's Institutional Class returned +31.94% compared to +29.87% for the index....

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