Weitz Investments
Weitz Large Cap Equity Fund
Large-cap
Jun 2025 → Sep 2026
Our archive holds 4 letters from this strategy, behind 3 investment theses and positions in 28 companies. Every quote below is copied verbatim from the letter it came from.
4 letters in 2 years — follow all of Weitz Investments for every strategy.
Performance
as of Jun 30, 2026 · net of fees · USD · Institutional Class
- YTD−5.8%index +10.6%
- 1Y−5.8%index +22.4%
- 3Y · /yr+4.9%index +20.6%
- 5Y · /yr+2.9%index +12.6%
- 10Y · /yr+9.5%index +15.3%
- Inception · /yr+9.9%index +11.1%
Index: Bloomberg U.S. 1000 Index
| YTD | 1Y | 3Yper year | 5Yper year | 10Yper year | Since inceptionper year | |
|---|---|---|---|---|---|---|
| Weitz Large Cap Equity Fund | −5.8% | −5.8% | +4.9% | +2.9% | +9.5% | +9.9% |
| Bloomberg U.S. 1000 Index | +10.6% | +22.4% | +20.6% | +12.6% | +15.3% | +11.1% |
Since inception: Since Inception (5/9/1986)
Disclaimer
These figures are copied from the manager’s latest letter, as of Jun 30, 2026. They were extracted automatically, have not been verified by HF Best Ideas and may contain errors. They cover a single share class, in the currency and fee basis stated above; other share classes and your own returns will differ. This is not investment advice, nor an offer to buy or sell any fund. Past performance does not predict future returns.
Read full disclosures →What it bought and sold
- New positionHoneywell AerospaceSep 2026
We bought new positions in TransDigm Group and Honeywell Aerospace during the quarter.
In other portfolio activity, we more than doubled the Fund’s Taiwan Semiconductor holdings at prices that are already deep in the money, and we continued to build the Fund’s ASML Holding NV position at a measured pace.
We also bought more Martin Marietta Materials shares as the team gained confidence in the company’s Lhoist North America limestone acquisition.
In other portfolio activity, we more than doubled the Fund’s Taiwan Semiconductor holdings at prices that are already deep in the money, and we continued to build the Fund’s ASML Holding NV position at a measured pace.
We also realized modest losses in Ingersoll Rand to manage and reshape our industrial exposure.
While NVIDIA’s near-term outlook remains solid, we chose to book quick, healthy gains to refocus the Fund’s AI-related investments elsewhere in the value chain.
We sold most of the Fund’s Bio-Techne stock as it traded near the $73 takeout price offered by Merck KGaA.
We sold our small remaining CoStar Group position after the company offered another disappointing outlook.
We bought new positions in TransDigm Group and Honeywell Aerospace during the quarter.
We reallocated capital away from several top contributors (Alphabet, Analog Devices, Bio- Techne) to manage position sizes at higher, less attractive prices.
We bought new positions in Martin Marietta Materials and Veralto during the quarter.
We added to the Fund’s holdings in HEICO, Ingersoll Rand, and MercadoLibre during the quarter.
We bought new positions in Martin Marietta Materials and Veralto during the quarter.
We sold the Fund’s profitable investment in Old Dominion Freight Line when the stock traded above our business value estimate.
We also decreased the Fund’s exposure to several top detractors (Accenture, Salesforce, CoStar Group) to help manage risk.
We reallocated capital away from several top contributors (Alphabet, Analog Devices, Bio- Techne) to manage position sizes at higher, less attractive prices.
We added to the Fund’s holdings in HEICO, Ingersoll Rand, and MercadoLibre during the quarter.
We reallocated capital away from several top contributors (Alphabet, Analog Devices, Bio- Techne) to manage position sizes at higher, less attractive prices.
We also decreased the Fund’s exposure to several top detractors (Accenture, Salesforce, CoStar Group) to help manage risk.
We added to the Fund’s holdings in HEICO, Ingersoll Rand, and MercadoLibre during the quarter.
We also decreased the Fund’s exposure to several top detractors (Accenture, Salesforce, CoStar Group) to help manage risk.
Also held
Its investment theses
- TransDigm Group Inc.Sep 2026TransDigm is a repeat holding with strong competitive positions, healthy organic growth, and an enviable track record of value creation through acquisition, offering reasonable value.
- Honeywell Aerospace Inc.Sep 2026Honeywell Aerospace is a self-help story post-spin-off, with management plans to fix supply chain issues and a valuation reflecting deep investor skepticism.
- Veralto Corp.Jun 2026Veralto has leading market positions, enviable economics, and a clear path to organic growth and margin expansion.