Weitz Investment Management’s Large Cap Equity Fund returned 7.03% in Q2 2026, lagging the Bloomberg U.S. 1000 Index’s 15.49% gain.
Weitz Investment Management’s Large Cap Equity Fund posted a 7.03% return in Q2 2026, underperforming the Bloomberg U.S. 1000 Index’s 15.49% gain. The disparity stemmed from a market rally driven by AI-related stocks and semiconductor firms, while defensive factors lagged amid risk-on sentiment.
The fund’s portfolio held 30 companies, with the top 10 accounting for over half of its assets. Its price-to-value ratio sits in the upper-70s, signaling potential for future returns. The fund added Veralto Corporation (VLTO) as a new position during the quarter.
Equity markets surged on economic resilience and easing Middle East tensions, while hyperscaler cloud providers delivered mixed results. The fund maintains a focus on undervalued, high-quality companies for long-term growth.