Is MarketAxess (MKTX) A Smart Long-Term Buy?

Weitz Investment Management, an investment management firm, published its “Hickory Fund” second quarter 2021 investor letter – a copy of which can be downloaded here. A return of +5.26% was recorded by the fund in the second quarter of 2021, underperforming its Russell Midcap benchmark that delivered a +7.50% return. You can take a look at the fund’s top 5 holdings to have an idea about their top bets for 2021.

In the Q2 2021 investor letter of Weitz Investment Management, the fund...