Indie Research
Omaha's Best Investor in 2009 Isn't Warren Buffett
Wednesday May 13, 9:31 am ET
By the tickerspy.com Staff
There are quite a few value-focused Pro investors that fit the Warren Buffett mold, but not many can claim that they share a hometown with the Oracle of Omaha.
Also based in the Nebraska city is Wallace Weitz, the head of Weitz Funds. Weitz and Buffett wield remarkably similar overall investing philosophies, placing a high value on patience and a long-term outlook. Weitz's funds, including the Weitz Partners III Opportunity (Nasdaq: WPOPX - News) and Weitz Hickory Fund (Nasdaq: WEHIX - News), up 19% and 16% year to date, are fairing well so far in 2009. By this metric, Weitz is outdoing his neighbor Warren Buffett, whose Berkshire Hathaway (NYSE: BRK-A - News, BRK-B - News) is -7% lower so far this year.
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In a recent letter to shareholders, Weitz wrote, "We continue to believe, though, that stocks will turn up long before the economic news turns positive and that it is impractical to try to wait to invest until all the market 'uncertainties' are cleared up."
With that in mind, investors can look at Weitz's top-15, U.S.-listed, equity holdings from the end of Q1, which were recently disclosed, to see where Weitz is finding opportunities. During Q1, Weitz added to stakes in Microsoft (Nasdaq: MSFT - News), cable companies Comcast (Nasdaq: CMCSA - News, CMCSK - News) and Liberty Global (Nasdaq: LBTYA - News, LBTYK - News), and REIT Redwood Trust (NYSE: RWT - News).
Meanwhile, Weitz was trimming stakes in Dell (Nasdaq: DELL - News) and UnitedHealth (NYSE: UNH - News).
Looking at tickerspy.com's graph charting the performance of Weitz's holdings, one can see that they are at least keeping pace with the rising market. If you want to see how your performance stacks up to Weitz's or just see some of his other holdings, visit tickerspy.com to see his top holdings and a chart of their combined performance.
Omaha's Best Investor in 2009 Isn't Warren Buffett
Wednesday May 13, 9:31 am ET
By the tickerspy.com Staff
There are quite a few value-focused Pro investors that fit the Warren Buffett mold, but not many can claim that they share a hometown with the Oracle of Omaha.
Also based in the Nebraska city is Wallace Weitz, the head of Weitz Funds. Weitz and Buffett wield remarkably similar overall investing philosophies, placing a high value on patience and a long-term outlook. Weitz's funds, including the Weitz Partners III Opportunity (Nasdaq: WPOPX - News) and Weitz Hickory Fund (Nasdaq: WEHIX - News), up 19% and 16% year to date, are fairing well so far in 2009. By this metric, Weitz is outdoing his neighbor Warren Buffett, whose Berkshire Hathaway (NYSE: BRK-A - News, BRK-B - News) is -7% lower so far this year.
ADVERTISEMENT
In a recent letter to shareholders, Weitz wrote, "We continue to believe, though, that stocks will turn up long before the economic news turns positive and that it is impractical to try to wait to invest until all the market 'uncertainties' are cleared up."
With that in mind, investors can look at Weitz's top-15, U.S.-listed, equity holdings from the end of Q1, which were recently disclosed, to see where Weitz is finding opportunities. During Q1, Weitz added to stakes in Microsoft (Nasdaq: MSFT - News), cable companies Comcast (Nasdaq: CMCSA - News, CMCSK - News) and Liberty Global (Nasdaq: LBTYA - News, LBTYK - News), and REIT Redwood Trust (NYSE: RWT - News).
Meanwhile, Weitz was trimming stakes in Dell (Nasdaq: DELL - News) and UnitedHealth (NYSE: UNH - News).
Looking at tickerspy.com's graph charting the performance of Weitz's holdings, one can see that they are at least keeping pace with the rising market. If you want to see how your performance stacks up to Weitz's or just see some of his other holdings, visit tickerspy.com to see his top holdings and a chart of their combined performance.
