V - Weitz Partners III Opportunity Fund Q4 2023 Commentary

2024-01-28 20:45:00 ET

Summary

• Weitz Investment Management is a boutique, employee-owned asset management firm headquartered in Omaha, Nebraska.
• The Partners III Opportunity Fund’s Institutional Class returned +5.98% in the fourth quarter, compared to +12.07% for the Russell 3000.
• Portfolio gains were broad-based in both the quarter and annual timeframes.
• The Fund’s top detractors in 2023 were CoreCard Corp., Perimeter Solutions SA, and The Charles Schwab Corporation.
• Strength across the portfolio tilted activity toward sales, including some trims.

The Partners III Opportunity Fund’s Institutional Class ( WPOPX ) returned +5.98% in the fourth quarter, compared to +12.07% for the Russell 3000. For the calendar year, the Fund’s Institutional Class returned +17.32%, compared to +25.96% for the Russell 3000....

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