Wallace R. Weitz & Co. Upps its Stakes in XO Group Inc (XOXO), Redwood Trust, Inc. (RWT), and Intelligent Systems Corporation (INS)

In three sepearte filings, Wallace Weitz’s Wallace R. Weitz & Co. has disclosed that it has upped its holdings in XO Group Inc (NYSE:XOXO), Redwood Trust, Inc. (NYSE:RWT) and Intelligent Systems Corporation (NYSEMKT:INS). Wallace R. Weitz & Co. has increased its stake in XO Group Inc (NYSE:XOXO) to 2.65 million shares from 2.62 million held previously. Currently, it owns 9.82% of the common Class A stock in XO Group Inc.

XO Group

XO Group Inc (NYSE:XOXO), earlier known as The Knot Inc., is a technology-driven media group which connects couples who are just engaged, just married couples, as well as first-time parents through products, inspiring thoughts and community interaction.

There were other institutional investors in XO Group Inc. (NYSE:XOXO) at the end of the previous quarter. John W. Rogers’ Ariel Investments held 1.38 million shares, while Nokomis Capital, managed by Brett Hendrickson held 525,821 shares worth $6.79 million.

Wallace Weiz has boosted its position in Redwood Trust, Inc. (NYSE:RWT). The fund now holds 6.12 million shares over previous position of 5.96 million. With new volume the fund now has a stake of 7.73% of the common stock of the company. Redwood Trust is a real estate investment firm, with the strategy to pick real estate which offer long-tail returns and attractive dividends.

For hedge funds operating in the real estate sector, Redwood Trust Inc, is definitely attractive. Charles Clough’s Clough Capital Partners now holds 680,600 shares. Meanwhile a large position in this company is now held by Paulson & Co., managed by John Paulson who has 25 million shares worth $26.34 million in its equity portfolio.

Another technology giant, Wallace Weitz finds an interest in, is Intelligent Systems Corporation (NYSEMKT:INS). Wallace Weitz revealed, through a separate filing, that it is currently holding 2.27 million shares, giving it ownership of 25.34% of the common stock of Intelligent Systems Corporation.

Intelligent Systems Corporation (NYSEMKT:INS) operates in the high networth industrial products and information technology investment segment and is also seen as an grown early stage  technology company.

Wallace R.Weitz has remained consistent as a Hedge Fund operating purely on investment instincts which have perfected years of exposure to market movements. The strategy line is simple: margin safety is combined with Graham’s price sensitivity and no involvement in event-triggered share price changes. The companies to which this fund has exposure to are those which have are in short-term low growth phase but are strong life-cycle performers with estimated returns in the range of 12% to 15% in decent turnaround time.

Other companies, it currently holds position in are: Valeant Pharmaceuticals Intl Inc (NYSE:VRX) in which it holds 2.042 million. Another company is the Aon plc Class ‘A’ Ordinary Shares (UK) (NYSE:AON) in which it amasses 1.92 million shares.

Disclosure: none

Recommended Reading:

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