Should You Consider Investing in MarketAxess (MKTX)?

Weitz Investment Management, an investment management firm, published its “Partners Value Fund” third quarter 2021 investor letter – a copy of which can be downloaded here. A quarterly return of +0.03% was recorded by the fund for the third quarter of 2021, compared to +0.58% for the S&P 500 and -0.10% for the Russell 3000 respectively for the same period. You can take a look at the fund’s top 5 holdings to have an idea about their best picks for 2021.

Weitz Partners Value Fund, in its Q3 2021 investor letter, mentioned MarketAxess Holdings Inc. (NASDAQ: MKTX) and discussed its stance on the firm. MarketAxess Holdings Inc. is a New York, New York-based financial services company with a $15.7 billion market capitalization. MKTX delivered a -27.41% return since the beginning of the year, while its 12-month returns are down by -26.67%. The stock closed at $414.18 per share on December 29, 2021.

Here is what Weitz Partners Value Fund has to say about MarketAxess Holdings Inc.  in its Q3 2021 investor letter:

“We believe that investing in businesses of all sizes, using our Quality at a Discount framework, is an enduring advantage of a multi-cap strategy. Recent mid-cap additions such as MarketAxess, are well aligned with our collective vision for a successful “go anywhere” equity portfolio. We look forward to building on the Fund’s recent momentum.”


Based on our calculations, MarketAxess Holdings Inc. (NASDAQ: MKTX) was not able to clinch a spot in our list of the 30 Most Popular Stocks Among Hedge Funds. MKTX was in 29 hedge fund portfolios at the end of the third quarter of 2021, compared to 31 funds in the previous quarter. MarketAxess Holdings Inc. (NASDAQ: MKTX) delivered a -1.12% return in the past 3 months.

Last month, we also shared another hedge fund’s views on MKTX in another article. You can find more than 100 investor letters from hedge funds and prominent investors on our hedge fund investor letters 2021 Q3 page.

Disclosure: None. This article is originally published at Insider Monkey.