GWRE - Weitz Partners Value Fund Q3 2021 Commentary

• Since Wally Weitz established Weitz Investment Management in 1983, the firm’s philosophy and core values have remained consistent. Simply put, we focus exclusively on asset management and provide clients with top-quality, personalized service.
• The Partners Value Fund’s Institutional Class returned +0.03% for the third quarter compared to +0.58% for the S&P 500 and -0.10% for the Russell 3000. Year to date, the Fund’s Institutional Class returned +16.61% compared to +15.92% for the S&P 500 and +14.99% for the Russell 3000.
• Aon plc paced the Fund’s quarterly contributors with a near 20% return. Dun & Bradstreet was the largest detractor to quarterly results.
• Recent mid-cap additions such as AutoZone, Dun & Bradstreet, First Republic Bank, HEICO, IDEX, and MarketAxess are well aligned with ourcollective vision for a successful “go anywhere” equity portfolio.

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