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 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.
Among other hedge fund holding interest in XO Group Inc. (NYSE:
XOXO), is John W. Rogers
’ Ariel Investments holds 1.38 million shares, while Nokomis Capital, managed by Brett Hendrickson
holds 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
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.
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.
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