Weitz Multi Cap Equity Fund Q4 2025 Commentary
Seeking Alpha
February 26, 2026
AI-Generated Deep Dive Summary
The Weitz Multi Cap Equity Fund's Institutional Class delivered a quarterly return of -1.48% in Q4 2025, trailing the Bloomberg U.S. 3000 Index’s stronger performance of +2.39%. Despite this underperformance, the fund managed a year-on-year gain of +3.22%, compared to the benchmark's +17.21%. Alphabet, parent company of Google, continued to stand out as a key driver of returns, with its Gemini AI surpassing expectations and solidifying its position as a standout performer.
Investors remain cautious about Homes.com due to concerns over its profitability and management’s long-term strategy. The fund has taken a step back from CarMax, exiting the position as near-term improvements in fundamentals became less clear. Meanwhile, Charter Communications’ moderating investment is expected to improve free cash flow, which could support continued share repurchases at current lower prices.
The fund’s strategic shifts reflect its focus on optimizing returns and managing risk amid evolving market conditions. While Alphabet’s performance highlights the potential of innovation-driven investments, the fund’s decisions to exit CarMax and reevaluate Homes.com underscore a cautious approach to maintaining profitability in challenging environments.
This commentary offers valuable insights into the fund's investment strategy and its ability to adapt to market dynamics. For investors, understanding these moves can provide a clearer picture of how the fund navigates opportunities and challenges in sectors like technology, retail, and communications. The fund’s performance and strategic decisions are particularly relevant for those tracking trends in multi-cap equity investing and seeking to align their portfolios with informed financial strategies.
Overall, the fund’s Q4 performance and strategic adjustments highlight the importance of balancing innovation with risk management in a competitive market landscape.
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Originally published on Seeking Alpha on 2/26/2026