Weitz Investments
Market insights and commentary from Weitz Investments.
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EquitiesFixed Income
Research
Weitz InvestmentsFixed Income
Tug of War | Weitz Investments
Weitz Investments' fixed income co-heads review Q1 2026 U.S. bond market performance, highlighting how renewed inflation fears from surging oil prices drove interest rate volatility higher while corporate credit spreads - both investment grade and high yield - remain near historically tight levels. The piece also provides a detailed assessment of private credit and direct lending, warning of loosening underwriting standards in recent BDC vintages while identifying selective opportunities for active managers in the current environment.
Weitz InvestmentsEquities
Danaher Corporation (DHR) | Weitz Investments
Weitz Investments provides a detailed fundamental analysis of Danaher Corporation, examining its four business segments - Life Sciences, Diagnostics, Water Quality, and Product Identification - and the strategic role of the Danaher Business System (DBS) in driving M&A value creation and organic growth. The piece argues that Danaher's shift toward recurring-revenue, high-margin healthcare and biopharma end-markets, combined with disciplined capital allocation, makes it a high-quality long-term compounder purchased at attractive 2022 valuations.
Weitz InvestmentsEquities
Buffer ETFs and Fixed Income: Different Tools, Different Roles | Weitz Investments
This piece from Weitz Investments examines the structural and functional differences between Buffer (Defined Outcome) ETFs and traditional fixed income, arguing that the two serve distinct portfolio roles driven by fundamentally different return sources. The author uses historical market stress periods and hypothetical payoff tables to illustrate why Buffer ETFs, despite offering downside protection, remain equity-correlated instruments rather than substitutes for fixed income allocations.
Weitz InvestmentsEquities
Perimeter Solutions (PRM) | Weitz Investments
Weitz Investments presents a detailed investment thesis on Perimeter Solutions (PRM), a specialty chemicals company with a near-monopoly in wildfire retardants and 70% market share in oil additives, drawing parallels to TransDigm's operational playbook. The piece argues that a ~50% stock decline in 2022 due to a weak fire season creates an attractive entry point, underpinned by secular growth in wildfire activity, pricing power, regulatory barriers to entry, and a disciplined capital allocation strategy.
Weitz InvestmentsFixed Income
Weitz's "Winning Formula" in Fixed Income Featured in Barron's | Weitz Investments
Weitz Investment Management portfolio managers Tom Carney and Nolan Anderson discuss their bond investing philosophy with Barron's, highlighting their benchmark-agnostic, high-conviction approach to the Weitz Core Plus Income Fund. The piece outlines how the managers seek strong risk-adjusted returns by investing beyond broad indexes and targeting the best risk/reward opportunities while avoiding excessive downside risk.
Weitz InvestmentsFixed Income
An Introduction to Vista | Weitz Investments
Weitz Investments' corporate credit analyst provides an in-depth introduction to Vista Global Holding (VistaJet/XO), a private aviation platform, examining its business model, industry dynamics, and financial trajectory since Weitz's 2020 coverage initiation. The piece details Vista's deleveraging progress (8.2x to 4.5x net leverage), growth outlook, and rationale for holding Vista's high-yield bonds (2027/2030 maturities) at an ~11.3% yield-to-maturity in Weitz's Core Plus Income Fund.