Weitz Partners III Opportunity Fund on the Straight and Narrow

by Cynthia Wilson | July 28, 2011 6:00 am

If you’re looking to invest in companies that rely on good management skills to grow assets rather than gimmicks, you may want to consider the Weitz Partners III Opportunity Fund (MUFT:WPOPX[1]). While this IRA fund seeks long-term capital appreciation by investing in companies of any size and industry, its main criteria for investing is how well-managed, honest and competent the leaders of the companies are.

Here are the specifics for the Weitz Partners III Opportunity Fund for today’s mutual fund spotlight:

Investing Strategy: The fund likes to buy shares of a company that are trading at a significant discount to the market value. It also likes to hold those shares for three to five years. Currently, 85% of the fund’s assets are in stocks, and the remaining assets are held in cash.

Expense Ratio: The fund has a 1.80 expense ratio and $75 transaction fee, making it expensive. It has a Morningstar Rating of five stars.

Top 5 Holdings: The top stocks in the Weitz Partners III Opportunity Fund include online commerce and media holding company Liberty Media Corp., I Active Shares A (NASDAQ:LINTA[2]) at 5.65%, pharmaceutical services company Omnicare, Inc. (NYSE:OCR[3]) at 5.51%, global nonfiction media and entertainment company Discovery Communications, Inc. A (NASDAQ:DISCA[4]) at 5.36%, diversified businesses holding company Berkshire Hathaway Inc. B (NYSE:BRK.B[5]) at 5.18%, and small-cap trading exchange iShares Russell 2000 Index (NYSE:IWM[6]) at 4.89%.

Returns: The Weitz Partners III Opportunity Fund’s 12-month return of about 29% beat the broader markets’ approximate 21% return over the same period. Its five-year return of about 26% also outperformed the Dow Jones Industrial Average’s approximate 13% return and the S&P 500’s approximate 6% return over the same period.

Other Fund Statistics

Endnotes:
  1. WPOPX: http://studio-5.financialcontent.com/investplace/quote?Symbol=WPOPX
  2. LINTA: http://studio-5.financialcontent.com/investplace/quote?Symbol=LINTA
  3. OCR: http://studio-5.financialcontent.com/investplace/quote?Symbol=OCR
  4. DISCA: http://studio-5.financialcontent.com/investplace/quote?Symbol=DISCA
  5. BRK.B: http://studio-5.financialcontent.com/investplace/quote?Symbol=BRK.B
  6. IWM: http://studio-5.financialcontent.com/investplace/quote?Symbol=IWM

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