- 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 Hickory Fund returned -1.31% in the third quarter compared to -0.93% for the Russell Midcap Index. Year-to-date, the Fund has returned +12.93% compared to +15.16% for the index.
- We believe the tailwind of a broad economic recovery is still at our backs, but the progress will not be as blatantly apparent compared to the rapid bounce-back aspects of the economy experienced after the worst months of the pandemic.
- Portfolio activity was modest during the quarter. Of note, we added to last quarters’ new positions, Dun & Bradstreet and MarketAxess, and we exited our remaining shares of First Hawaiian Bank. We did not add any new businesses to the portfolio in the third quarter.
For further details see:
Weitz Hickory Fund Q3 2021 Commentary