Weitz Large Cap Equity Fund trails the Bloomberg U.S. 1000 Index by 782 basis points in Q1 2026 amid market challenges.
Weitz Investment Management’s Large Cap Equity Fund posted a -12.04% return in Q1 2026, lagging the Bloomberg U.S. 1000 Index’s -4.22% decline. The fund attributes the underperformance to broader market conditions but remains optimistic about long-term growth prospects for its holdings, including HEICO Corporation (HEI).
HEICO, a $40.14 billion aerospace and defense firm, closed at $287.67 on May 12, 2026, with a -1.60% one-month return and a 6.73% gain over the past year. The fund highlighted HEICO’s potential in its Q1 investor letter, signaling confidence in the stock despite recent volatility.
Weitz plans to actively adjust the portfolio, potentially increasing cash levels to navigate market uncertainty. The fund’s top holdings, including HEICO, reflect its focus on high-conviction investments amid challenging performance.