This material must be preceded or accompanied by a prospectus or summary prospectus.
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.
As
of 03/31/2022, 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.: 2.3%, 0.0%, 7.3%, 8.2%, and 8.0%.
Apple,
Inc.: 0.0%, 0.0%, 0.0%, 0.0%, and 0.0%.
AutoZone,
Inc.: 1.3%, 2.3%, 0.0%, 2.2%, and 3.3%.
Berkshire
Hathaway, Inc: 2.5%, 0.0%, 11.7%, 7.1%, and 4.6%.
CarMax,
Inc.: 0.0%, 4.3%, 3.4%, 3.1%, and 2.7%.
Charter
Communications, Inc.: 0.0%, 0.0%, 0.0%, 0.0%, and 0.0%.
CoStar
Group, Inc.: 0.0%, 5.2%, 3.5%, 4.4%, and 4.5%.
Danaher
Corporation: 2.1%, 0.0%, 0.0%, 0.0%, and 4.3%.
JPMorgan
Chase & Co.: 0.9%, 0.0%, 0.0%, 0.0%, and 0.0%.
Laboratory
Corporation of America Holdings: 1.9%, 4.4%, 1.8%, 3.1%, and 3.5%.
Liberty
Broadband Corp.: 1.4%, 7.9%, 5.1%, 4.3%, and 4.6%.
Liberty
Media Corporation — Liberty Sirius XM: 0.0%, 5.5%, 6.4%, 5.1%, and 3.0%.
Linde
PLC: 1.2%, 0.0%, 0.0%, 0.0%, and 2.5%.
MasterCard,
Inc.: 1.8%, 0.0%, 5.0%, 3.6%, and 4.3%.
Sirius
XM Holdings, Inc.: 0.0%, 0.0%, 0.0%, 0.0%, and 0.0%.
T-Mobile
US, Inc.: 0.0%, 0.0%, 0.0%, 0.0%, and 0.0%.
The
Charles Schwab Corporation: 1.4%, 0.0%, 2.8%, 2.9%, and 2.9%.
Thermo
Fisher Scientific, Inc: 2.0%, 0.0%, 0.0%, 0.0%, and 4.4%.
Verizon
Communications, Inc.: 0.0%, 0.0%, 0.0%, 0.0%, and 0.0%.
Visa,
Inc.: 1.8%, 0.0%, 5.6%, 4.1%, and 4.3%.
Vulcan
Materials Company: 1.9%, 2.8%, 0.0%, 3.1%, and 3.9%.
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. The Weitz
equity funds may invest in undervalued securities, which by definition are out of favor with investors, and there
is no way to predict when, if ever, such securities may return to favor.
Because the Fund(s) may have a more concentrated portfolio than certain other
mutual funds, the performance of each holding in the Fund(s) 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(s).