Wallace Weitz's Strategic Moves: Adobe Inc. Exit and Portfolio Adjustments

Insight into Weitz's Investment Philosophy and Recent Portfolio Changes

Wallace Weitz (Trades, Portfolio) recently submitted the 13F filing for the second quarter of 2025, providing insights into his investment moves during this period. As the portfolio manager of Weitz Value Fund, Weitz Hickory Fund, and Weitz Partners Value Fund, which he started in 1983, Weitz has developed a unique approach to value investing. His strategy combines Benjamin Graham's principles of price sensitivity and a "margin of safety" with a focus on qualitative factors that allow companies to control their destinies. This approach often prioritizes qualitative assessments over traditional metrics like historical book value or reported earnings.Wallace Weitz's Strategic Moves: Adobe Inc. Exit and Portfolio Adjustments

Summary of New Buy

Wallace Weitz (Trades, Portfolio) added a total of one stock to his portfolio this quarter:

The most significant addition was Ralliant Corp (NYSE:RAL), with 15,150 shares, accounting for 0.04% of the portfolio and a total value of $734,620.

Key Position Increases

Wallace Weitz (Trades, Portfolio) also increased stakes in a total of five stocks, among them:

The most notable increase was in Thermo Fisher Scientific Inc (NYSE:TMO), with an additional 24,300 shares, bringing the total to 150,450 shares. This adjustment represents a significant 19.26% increase in share count, a 0.53% impact on the current portfolio, and a total value of $61,001,460. The second largest increase was in Danaher Corp (NYSE:DHR), with an additional 30,300 shares, bringing the total to 526,950. This adjustment represents a significant 6.1% increase in share count, with a total value of $104,093,700.

Summary of Sold Out

Wallace Weitz (Trades, Portfolio) completely exited one holding in the second quarter of 2025, as detailed below:

Adobe Inc (NASDAQ:ADBE): Wallace Weitz (Trades, Portfolio) sold all 82,500 shares, resulting in a -1.68% impact on the portfolio.

Key Position Reduces

Wallace Weitz (Trades, Portfolio) also reduced positions in 15 stocks. The most significant changes include:

Reduced CarMax Inc (NYSE:KMX) by 155,800 shares, resulting in a -19.35% decrease in shares and a -0.65% impact on the portfolio. The stock traded at an average price of $67.42 during the quarter and has returned -18.09% over the past 3 months and -30.81% year-to-date. Reduced CoStar Group Inc (NASDAQ:CSGP) by 146,000 shares, resulting in a -16.02% reduction in shares and a -0.62% impact on the portfolio. The stock traded at an average price of $77.92 during the quarter and has returned 17.27% over the past 3 months and 23.48% year-to-date.

Story Continues

Portfolio Overview

At the end of the second quarter of 2025, Wallace Weitz (Trades, Portfolio)'s portfolio included 45 stocks. The top holdings were 7.52% in Berkshire Hathaway Inc (NYSE:BRK.B), 5.71% in Visa Inc (NYSE:V), 5.61% in Danaher Corp (NYSE:DHR), 5% in Mastercard Inc (NYSE:MA), and 4.61% in Meta Platforms Inc (NASDAQ:META).Wallace Weitz's Strategic Moves: Adobe Inc. Exit and Portfolio Adjustments

The holdings are mainly concentrated in 9 of the 11 industries: Financial Services, Technology, Communication Services, Healthcare, Industrials, Consumer Cyclical, Basic Materials, Real Estate, and Consumer Defensive.Wallace Weitz's Strategic Moves: Adobe Inc. Exit and Portfolio Adjustments

This article, generated by GuruFocus, is designed to provide general insights and is not tailored financial advice. Our commentary is rooted in historical data and analyst projections, utilizing an impartial methodology, and is not intended to serve as specific investment guidance. It does not formulate a recommendation to purchase or divest any stock and does not consider individual investment objectives or financial circumstances. Our objective is to deliver long-term, fundamental data-driven analysis. Be aware that our analysis might not incorporate the most recent, price-sensitive company announcements or qualitative information. GuruFocus holds no position in the stocks mentioned herein.

This article first appeared on GuruFocus.

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