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...