Weitz Investment Management, an investment management firm, published its “Weitz Investment Management Partners Value Fund” first quarter 2022 investor letter – a copy of which can be downloaded here. The Partners Value Fund’s Institutional Class returned -8.68% for the first quarter compared to -4.60% for the S&P 500 and -5.28% for the Russell 3000. For the fiscal year ended March 31, 2022, the Fund’s Institutional Class returned +4.35% compared to +15.65% for the S&P 500 and +11.92% for the Russell 3000. Try to spend some time taking a look at the fund’s top 5 holdings to be informed about their best picks for 2022.
In its Q1 2022 investor letter, Weitz Investment Management Partners Value Fund mentioned Liberty Latin America Ltd. (NASDAQ:LILA) and explained its insights for the company. Founded in 2017, Liberty Latin America Ltd. (NASDAQ:LILA) is a Denver, Colorado-based telecommunications company with a $1.8 billion market capitalization. Liberty Latin America Ltd. (NASDAQ:LILA) delivered a -33.19% return since the beginning of the year, while its 12-month returns are down by -46.16%. The stock closed at $7.79 per share on June 24, 2022.
Here is what Weitz Investment Management Partners Value Fund has to say about Liberty Latin America Ltd. (NASDAQ:LILA) in its Q1 2022 investor letter:
“In insurance parlance, frequency was as relevant as severity. The silver lining is that we think these declines will prove to be temporary rather than permanent. Liberty Latin America has a “whippy” (frequently changing direction) stock that is often more volatile than the revenues and margins of the underlying business.”

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Our calculations show that Liberty Latin America Ltd. (NASDAQ:LILA) fell short and didn’t make it on our list of the 30 Most Popular Stocks Among Hedge Funds. Liberty Latin America Ltd. (NASDAQ:LILA) was in 20 hedge fund portfolios at the end of the first quarter of 2022, compared to 16 funds in the previous quarter. Liberty Latin America Ltd. (NASDAQ:LILA) delivered a -22.26% return in the past 3 months.
In May 2022, we also shared another hedge fund’s views on Liberty Latin America Ltd. (NASDAQ:LILA) in another article. You can find other investor letters from hedge funds and prominent investors on our hedge fund investor letters 2022 Q1 page.
Disclosure: None. This article is originally published at Insider Monkey.