Overview
- Weitz reported a 12.04% first‑quarter drop in its Institutional Class, trailing the Bloomberg U.S. 1000 Index’s 4.22% decline.
- The fund said it will refocus holdings in response to recent swings and may hold more cash than in recent years.
- It added five new “on deck” positions, three linked to the semiconductor supply chain, and named ASML, Taiwan Semiconductor and NVIDIA as standout companies tied to the AI buildout.
- Weitz called ASML the dominant maker of lithography machines that print chip patterns, and it described Taiwan Semiconductor as the leading foundry for cutting‑edge logic chips.
- Recent data showed ASML up 97.80% over 12 months with a $567.43 billion market value, TSM up 103.98% with a $2.06 trillion value, and ASML in 101 hedge‑fund portfolios in Q4, up from 82.