Here’s Why Weitz Capital Sold The Charles Schwab Corporation (SCHW)

Weitz Investment Management, an investment management firm, released its “Partners III Opportunity Fund” third-quarter 2023 investor letter. A copy of the same can be downloaded here. In the third quarter, the fund’s Institutional Class returned -0.57% compared to a -3.25% return for the Russell 3000 Index. The Fund’s Institutional Class has returned +10.70% year-to-date compared to a +12.39% return for the benchmark. Following double-digit gains in the first half of 2023, bonds and...