Weitz Investment Management Multi-Cap Equity Fund’s Q1 2025 Investor Letter

Weitz Investment Management, an investment management firm, released its “Multi-Cap Equity Fund” first-quarter 2025 investor letter. The fund’s Institutional Class returned +0.81% in the first quarter compared to -4.72% for the Russell 3000. In late January, the “AI Trade” faced a challenge when the Chinese company DeepSeek revealed that it had created an advanced AI model significantly lower cost than its U.S. counterparts. This announcement resulted in increased scrutiny from investors regarding the spending strategies of US firms. Investors’ and corporate leaders’ confidence is challenged by uncertainties related to trade and tariffs, which causes equities to decline as the quarter draws to a close. In addition, you can check the fund’s top 5 holdings to find out its best picks for 2025.

A copy of Weitz Investment Management Multi-Cap Equity Fund’s Q1 2025 investor letter can be downloaded here.