The curated database of hedge funds that publish investor letters. Research by geography, strategy, and schools of thought.
| # | Fund | Strategy | Style | Geography | AUM | Latest Letter |
|---|---|---|---|---|---|---|
As of Oct 28, 2026
The Weitz Large Cap Equity Fund Institutional Class delivered a return of 6.17% net of fees for the third quarter of 2026, significantly outperforming the Bloomberg U.S. 1000 Index return of 1.78%. Year-to-date, the Institutional Class generated a return of -0.04% net of fees compared to 12.58% for the benchmark. Fund outperformance during the quarter was driven by concentrated slugging percentage, with key winners posting quarterly returns between 28% and 49%, despite broad market headwinds where over 60% of index equities declined. Macroeconomic conditions remained unsettled despite broad indices trading near historical highs. Portfolio managers navigated ongoing conflict in the Middle East, sustained elevations in crude oil prices, and material upward yield curve shifts. The team observed pervasive red ink across both equity and fixed income asset classes, prompting a disciplined emphasis on businesses demonstrating durable organic expansion and pricing power over broad cyclical beta. Portfolio activity was characterized by opportunistic capital rotation and targeted redeployment. The managers initiated new stakes in TransDigm Group and Honeywell Aerospace, building a 2.9% combined basket of aerospace aftermarket exposure alongside HEICO. Additional capital was deployed to more than double Taiwan Semiconductor and increase ASML Holding and Martin Marietta Materials. To fund these additions and reshape industrial exposure, complete exits were executed in NVIDIA, CoStar Group, and Ingersoll Rand, while Bio-Techne was largely trimmed near its buyout price.
The strategy invests in high-quality, profitable compounders trading at discounts to intrinsic value, holding concentrated stakes in market leaders with durable organic growth and pricing power.
Management estimates the portfolio's price-to-value is in the high-80s, offering adequate return potential over a multi-year horizon. Most portfolio holdings are expanding profitably with solid operating momentum, which could attract further market attention and drive outsized returns.
Moderate Conviction Bullish
Market Conviction
Growth Outlook
Risk Appetite
Capital Deployment
Forward Guidance
Language Signal
Perceived Risk
Opportunity Density
Time Horizon
Top Conviction Themes
Key Catalysts
Every insight in this database connects to the original source. Read the actual thesis, see the actual concerns, and make your own call.
Buyside Digest has no business relationship, partnership, agency, sponsorship, endorsement, or affiliation with Weitz Large Cap Equity Fund or any other manager whose content appears on the Service, except where expressly stated. We do not receive Manager Content directly from managers in most cases; content is collected from publicly available sources. Managers have not necessarily reviewed, approved, authorized, or endorsed our display of their content, our editorial commentary, our metadata extraction, or our classifications. Use of a manager’s name is for accurate attribution and identification purposes only, under principles of nominative fair use.
Buyside Digest does not independently verify the regulatory status, registrations, licensing, qualifications, credentials, or professional standing of managers whose content appears on the Service. We do not represent that managers are properly registered with applicable regulatory bodies, that their content complies with applicable securities laws, or that their performance representations are accurate. Inclusion of a manager in our database is based on the publicly available nature of their content, not on our verification of their regulatory status or content compliance. Users are responsible for conducting their own due diligence on any manager.
Performance data, returns, assets under management (“AUM”), and similar figures displayed on this page are sourced from publicly available manager communications (including investor letters), public filings, or other third-party sources. Buyside Digest does not independently verify performance figures, calculate returns, or audit manager-reported data. Such figures: May be selectively reported by the manager; May use non-standard calculation methodologies; May not reflect fees, expenses, taxes, or other costs; May be inconsistent across reporting periods; May be outdated. Past performance is not indicative of future results. Performance figures should not be relied upon for investment decisions without independent verification. Users should request audited performance data directly from the manager and conduct their own due diligence.