Stock Investing Amid Market Drawdowns and Rising Rates
In a year that began with drawdowns in major stock indexes and anticipation for rising interest rates, Weitz co-CIOs Wally Weitz, CFA, and Brad Hinton, CFA, discuss how they're managing through it. The two share some of the sectors they're particularly interested in, areas they're currently not seeing a lot of opportunities, and advice for those who are worried about the current economic landscape.
The opinions expressed are those of Weitz Investment Management and are not meant as investment advice or to predict or project the future performance of any investment product. The opinions are current through the date of publication, are subject to change at any time based on market and other current conditions, and no forecasts can be guaranteed. This commentary is being provided as a general source of information and is not intended as a recommendation to purchase, sell, or hold any specific security or to engage in any investment strategy. Investment decisions should always be made based on an investor's specific objectives, financial needs, risk tolerance and time horizon.
Holdings are subject to change and may not be representative of a Fund's current or future investments.
Past performance is not a guarantee of future results.
Consider these risks before investing: All investments involve risks, including possible loss of principal. These risks include market risks, such as political, regulatory, economic, social and health risks (including the risks presented by the spread of infectious diseases). In addition, because the Fund may have a more concentrated portfolio than certain other mutual funds, the performance of each holding in the Fund has a greater impact upon the overall portfolio, which increases risk. See the Fund's prospectus for a further discussion of risks related to the Fund.
As of 12/31/2021, the following portfolio company constituted a portion of the net assets of Balanced Fund, Hickory Fund, Partners III Opportunity Fund, Partners Value Fund, and Value Fund as follows:
- Alphabet, Inc. — Class C (GOOG): 2.3%, 0.0%, 7.2%, 7.6%, and 7.5%.
- Black Knight, Inc. (BKI): 0.0%, 2.5%, 2.5%, 2.4%, and 0.0%.
- Charter Communications: 0.0%, 0.0%, 0.0%, 0.0%, and 0.0%.
- CoStar Group, Inc. (CSGP): 0.0%, 3.2%, 3.2%, 3.2%, and 4.0%.
- Danaher Corporation (DHR): 2.1%, 0.0%, 0.0%, 0.0%, 4.4%.
- Fidelity National Information Services, Inc. (FIS): 1.2%, 0.0%, 4.3%, 0.0%, and 3.3%.
- Guidewire Software, Inc. (GWRE): 0.0%, 2.9%, 0.0%, 2.5%, and 0.0%.
- Laboratory Corp. of America Holdings (LH): 2.2%, 5.4%, 2.1%, 3.8%, 3.7%.
- Liberty Broadband Corp. Class A & C (LBDRA/K): 1.2%, 8.2%, 5.9%, 4.7%, and 4.6%.
- Liberty Media Corp. — Series A&C Liberty SiriusXM (LSXMA/K): 0.0%, 5.2%, 6.7%, 5.2%, and 3.1%.
- Mastercard, Inc. (MA): 1.6%, 0.0%, 4.7%, 3.3%, and 4.0%.
- Meta Platforms, Inc. (FB): 0.0%, 0.0%, 5.5%, 3.4%, and 4.8%.
- Sirius XM Holdings, Inc. (SIRI): 0.0%, 0.0%, 0.0%, 0.0%, and 0.0%.
- Visa (V): 1.6%, 0.0%, 5.2%, 3.7%, and 3.8%.
- The Charles Schwab Corporation (SCHW): 2.3%, 0.0%, 4.0%, 4.6%, 4.6%.
- Thermo Fisher Scientific, Inc.: 2.2%, 0.0%, 0.0%, 0.0%, 4.5%.
References in this video to particular companies are for illustration only and are not a recommendation to buy or sell any security.