Being known as
The Other Oracle of Omaha
is a good thing. Wallace "Wally" Weitz of Wallace R. Weitz &
Co., is based in Omaha, Neb. His updated portfolio includes 60
stocks, one of them new, a total value of $2.65 billion, with a
quarter-over-quarter turnover of 5%. The Weitz portfolio is
weighted with top sectors: consumer cyclical at 17.5%, financial
services at 15.6%, technology at 13.3% and health care at 13%. The
stocks bought by Weitz are averaging a 12-month return of 28.02%.
In 2012, he returned 19.72%. His 25-year cumulative return is 11.6%
Weitz's approach to value investing combines Ben Graham's price
sensitivity and insistence on a margin of safety. Guru Weitz shares
the conviction that qualitative factors that allow a company to
have some control over its destiny, such as historical book value
or reported earnings, can be more important than statistical
Here's an update on four of Weitz's top holdings.
Valeant Pharmaceuticals International Inc. (
Current Shares: 2,042,835
Formerly known as Biovail Corporation, Valeant Pharmaceuticals
International Inc. has a market cap of $35.95 billion; its shares
were traded at around $107.97 with and P/S ratio of 7.20. The
company had an annual average earnings growth of 3% over the past
10 years. The company does not pay a dividend. GuruFocus currently
ranks Valeant with one star out of five stars for business
VRX is a multinational, specialty pharmaceutical company that
develops, manufactures and markets a broad range of pharmaceutical
products primarily in the areas of neurology, dermatology and
branded generics. The company's specialty pharmaceutical and
over-the-counter products are marketed under brand names and are
sold in the United States, Canada, Australia and New Zealand, where
its focus most of its efforts on products in the dermatology and
neurology therapeutic classes. Valeant also has branded generic,
branded, and OTC operations in Europe.
Over eight quarters of double-digit and triple-digit gains,
has averaged a gain of 131% buying 2,102,460 shares at an average
price of $46.70 per share. Selling, he gained 15% on 59,625 shares
at an average price of $93.76 per share.
Aon Plc (
Current Shares: 1,919,920
Up 46% over 12 months, Aon Plc provides risk management and human
capital consulting services, workforce productivity solutions and
insurance and reinsurance. Aon Plc has a market cap of $24.84
billion; its shares were traded at around $82.75 with a P/E ratio
of 24.70 and P/S ratio of 3.30. The dividend yield of Aon Plc
stocks is 0.80%. Aon had an annual average earnings growth of
24.20% over the past 10 years. GuruFocus currently ranks Aon Plc
with one star out of five stars for business predictability.
Over another remarkable trading history of gains,
has averaged a gain of 103% buying 2,454,635 shares at an average
price of $40.73 per share. Selling, he gained 50% on 534,715 shares
at an average price of $54.96 per share.
Berkshire Hathaway Inc. (BRK.B)
Current Shares: 1,115,992
Up 34% over 12 months, Berkshire Hathaway Inc. has a market cap of
$272.66 billion; its shares were traded at around $116.66 with a
P/E ratio of 14.30 and P/S ratio of 1.30. Berkshire Hathaway Inc.
had an annual average earnings growth of 6.90% over the past 10
years. GuruFocus rated Berkshire Hathaway Inc. the business
predictability rank of 2.5-star.
Over five years of gains, Wallace Weitz has averaged a gain of 65%
buying 924,107 shares at an average price of $69.70 per share.
Selling, he gained 50% on 3,297,215 shares at an average price of
$76.75 per share.
In the third quarter of 2013, Weitz took his first loss in the
holding history. He lost 0.3% buying 12,800 shares at an average
price of $115.36 per share.
), Weightings: 4.5%
Current Shares: 1,980,620
Up 32% over 12 months, Directv is a provider of digital television
entertainment in the United States and Latin America. The company
has a market cap of $34.85 billion; its shares were traded at
around $66.44 with a P/E ratio of 12.80 and P/S ratio of 1.20.
Directv had an annual average earnings growth of 29.40% over the
past 5 years.
Over nine quarters of gains, Wallace Weitz has averaged a gain of
30% buying 2,225,900 shares at an average price of $51.09 per
share. Selling, he gained 8% on 245,280 shares at an average price
of $61.57 per share.
Here is the complete portfolio of Wallace Weitz.
Also check out:
1. Wallace Weitz's Undervalued Stocks
2. Wallace Weitz's Top Growth Companies
3. Wallace Weitz's High Yield stocks
4. Stocks that Wallace Weitz keeps buying
Be sure to read about the Undervalued Stocks, Top Growth Companies,
and High Yield stocks of Wallace Weitz.
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