WEITZ INVESTMENT MANAGEMENT, INC.

Weitz Investment Management's book fell to $1.43 billion from $1.69 billion, and the Q1 2026 13F shows broad-based trimming: 28 of 49 positions were reduced against just 6 increases, even as the firm added three genuinely new semiconductor-adjacent names — ASML ($7.3 million), Taiwan Semiconductor ($6.8 million), and Nvidia ($6.1 million) — alongside Ingersoll Rand ($10.7 million). Two of the "increased" positions hide a price effect: Microsoft's share count rose 16% (an $8.7 million genuine buy) while its dollar value fell $7.9 million as the stock declined, and Heico's shares grew 16% (a $5.5 million buy) while value dipped $1.2 million — real conviction additions that a value-only reading would miss entirely. The largest reduction was IDEX Corp, cut 32% in shares (a $24.1 million outflow), while Roper Technologies, Gartner, and Diageo were fully exited.