13F filing recap · Q1 2016

What did Weitz Investment Management buy in Q1 2016?

Reported stock-position changes between this filing and the previous one.

Stock value

$2.81B

Positions

Estimated turnover

20.6%

Turnover is a proxy: verified trade-origin share changes valued at period-end and divided by average reported stock value. SEC holdings reports do not disclose execution dates or prices. Corporate actions and unreconciled activity are excluded.

New positions

WTWWillis Towers Watson PlcMIXED CORP ACTION$28.17Mreported value+237.4K shares MCKMckesson Corporation$9.07Mreported value+57.7K shares LGF.BLions Gate Entertainment Corp$6.08Mreported value+278.5K shares AAPLApple Inc.$702.0Kreported value+6.4K shares SUMSummit Materials Inc$408.0Kreported value+21.0K shares GWREGuidewire Software, Inc.$381.0Kreported value+7.0K shares

Increased positions

LBRDKLiberty Broadband Corporation$127.47Mreported value+506.7K shares+29.9%FOXATwenty-First Century Fox, Inc.$106.72Mreported value+2.13M shares+126.1%RWTRedwood Trust Inc$94.69Mreported value+1.01M shares+16.2%LHLabcorp Holdings Inc.$91.12Mreported value+77.9K shares

Reduced positions

BRK.BBerkshire Hathaway Inc$217.54Mreported value-14.3K shares-0.9%LBTYKLiberty Global Ltd.$201.94Mreported value-32.1K shares-0.6%LMCKLiberty Media Corporation$165.75Mreported value-25.6K shares-0.6%QRTEALiberty Ventures Series A$110.59Mreported value-102.1K shares

Exited positions

PCPPrecision Castparts Corp$99.50Mprior reported value-428.9K shares-100.0%ADTThe Adt Corporation$42.06Mprior reported value-1.28M shares-100.0%WTWWillis Towers Watson PlcMIXED CORP ACTION$30.89Mprior reported value-636.0K shares-100.0%ICONIconix Brand Group, Inc.$15.22M