Home Hedge Funds Weitz Investment Management’s Q1 2022 Standout Performer: Berkshire Hathaway (BRK-A)

Weitz Investment Management’s Q1 2022 Standout Performer: Berkshire Hathaway (BRK-A)

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Weitz Investment Management, an investment management firm, published its “Partners III Opportunity Fund” first quarter 2022 investor letter – a copy of which can be downloaded here. The Partners III Opportunity Fund’s Institutional Class returned -5.09% in the first quarter of 2022 compared with -4.60% for the S&P 500 and -5.28% for the Russell 3000. For the fiscal year ended March 31, 2022, the Fund returned -0.53% 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 mentioned Berkshire Hathaway Inc. (NYSE:BRK-A) and explained its insights for the company. Founded in 1839, Berkshire Hathaway Inc. (NYSE:BRK-A) is an Omaha, Nebraska-based multinational conglomerate holding company with a $595.7 billion market capitalization. Berkshire Hathaway Inc. (NYSE:BRK-A) delivered a -9.99% return since the beginning of the year, while its 12-month returns are down by -1.99%. The stock closed at $405,649.00 per share on June 22, 2022.

Here is what Weitz Investment Management has to say about Berkshire Hathaway Inc. (NYSE:BRK-A) in its Q1 2022 investor letter:

“The quarter’s standout performers were a pair of insurers, Berkshire Hathaway (BRK-A, BRK-B). Insurers typically benefit from a strong economy, as pricing tends to improve and the volume of risk to be insured grows. We also expect higher interest rates to translate into higher investment income as insurers recycle premium “float” into higher-yielding securities. Berkshire possess terrific management and top marks as opportunistic capital allocator.”

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Our calculations show that Berkshire Hathaway Inc. (NYSE:BRK-A) ranks 14th on our list of the 30 Most Popular Stocks Among Hedge Funds. Berkshire Hathaway Inc. (NYSE:BRK-A) was in 104 hedge fund portfolios at the end of the first quarter of 2022, compared to 108 funds in the previous quarter. Berkshire Hathaway Inc. (NYSE:BRK-A) delivered a -22.26% return in the past 3 months.

In April 2022, we also shared another hedge fund’s views on Berkshire Hathaway Inc. (NYSE:BRK-A) 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.

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