Dividend Investing Ideas Center
Critical Facts You Need to Know About Preferred Stocks
Have you ever wished for the safety of bonds, but the return potential...
Weitz Funds Hickory Fund
mutual fund
WEHIX
Payout Change
Pending
Price as of:
$38.647
+0.33
+0.85%
primary theme
N/A
share class
WEHIX (Mutual Fund)
Weitz Funds Hickory Fund
Payout Change
Pending
Price as of:
$38.647
+0.33
+0.85%
primary theme
N/A
share class
WEHIX (Mutual Fund)
Weitz Funds Hickory Fund
Payout Change
Pending
Price as of:
$38.647
+0.33
+0.85%
primary theme
N/A
share class
Name
As of 03/24/2023Price
Aum/Mkt Cap
YIELD
Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.
Exp Ratio
Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.
Watchlist
Vitals
YTD Return
-3.6%
1 yr return
-22.6%
3 Yr Avg Return
-0.1%
5 Yr Avg Return
-5.6%
Net Assets
$179 M
Holdings in Top 10
45.6%
52 WEEK LOW AND HIGH
$38.3
$38.32
$50.16
Expenses
OPERATING FEES
Expense Ratio 1.09%
SALES FEES
Front Load N/A
Deferred Load N/A
TRADING FEES
Turnover N/A
Redemption Fee N/A
Min Investment
Standard (Taxable)
$2,500
IRA
N/A
Fund Classification
Fund Type
Open End Mutual Fund
Name
As of 03/24/2023Price
Aum/Mkt Cap
YIELD
Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.
Exp Ratio
Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.
Watchlist
WEHIX - Profile
Distributions
- YTD Total Return -3.6%
- 3 Yr Annualized Total Return -0.1%
- 5 Yr Annualized Total Return -5.6%
- Capital Gain Distribution Frequency Annually
- Net Income Ratio -0.60%
- Dividend Yield 0.0%
- Dividend Distribution Frequency Annually
Fund Details
-
Legal NameWeitz Funds Hickory Fund
-
Fund Family NameWeitz
-
Inception DateApr 01, 1993
-
Shares Outstanding3793789
-
Share ClassNo Load
-
CurrencyUSD
-
Domiciled CountryUnited States
-
ManagerWallace Weitz
Fund Description
The Fund’s investment strategy (which we call “Quality at a Discount”) is to buy above-average to highest-quality businesses, at prices that we believe are less than what the companies are worth. Under normal circumstances, the Fund will invest the majority of its assets in common stock of medium-sized companies. The Fund considers medium-sized companies to be issuers with market capitalizations less than or equal to the largest company in the Russell Midcap Index, which was $46.5 billion as of June 30, 2022. The Fund may invest in securities issued by non-U.S. companies, which may be denominated in U.S. dollars or foreign currencies. As part of the Fund’s strategy, the Fund may concentrate its investments in securities of relatively few issuers.
We assess a company’s quality based on its competitive position, return on invested capital, ability to redeploy capital, cash flow consistency, financial leverage and management team. We compare the company’s stock price to our estimate of business value, i.e., all the cash that the company will generate for its owners in the future. For each company, we look at a range of business value estimates. We then seek to buy stocks of companies that meet our quality criteria when they are priced are at a discount to our estimates of business value.
We invest with a multiple-year time horizon. We believe that purchasing stocks at prices less than our business value estimates provides opportunities for stock price appreciation, both as business values grow and as the market recognizes companies’ values. Typically, we consider selling stocks as they approach or exceed our business value estimates. We may also sell stocks for other reasons, including for the purchase of stocks that we believe offer better investment opportunities.
We do not try to “time” the market. However, if there is cash available for investment and there are not securities that meet the Fund’s investment criteria, the Fund may invest without limitation in high-quality cash and cash equivalents such as U.S. government securities or government money market fund shares. If the Fund takes such a defensive position, it may be temporarily unable to achieve its investment objective.
WEHIX - Performance
Return Ranking - Trailing
| Period | WEHIX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| YTD | -3.6% | -23.9% | 18.9% | 66.75% |
| 1 Yr | -22.6% | -42.1% | 52.2% | 81.64% |
| 3 Yr | -0.1%* | -20.5% | 174.8% | 95.13% |
| 5 Yr | -5.6%* | -15.6% | 80.7% | 84.79% |
| 10 Yr | -2.6%* | -9.4% | 12.9% | 78.24% |
* Annualized
Return Ranking - Calendar
| Period | WEHIX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| 2025 | -30.3% | -69.6% | 25.3% | 94.78% |
| 2024 | 5.0% | -25.0% | 82.1% | 52.90% |
| 2023 | -1.0% | -24.4% | 196.6% | 96.08% |
| 2022 | 7.5% | -21.9% | 8.3% | 1.93% |
| 2021 | -5.1% | -62.4% | 18.0% | 75.07% |
Total Return Ranking - Trailing
| Period | WEHIX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| YTD | -3.6% | -23.9% | 18.9% | 66.59% |
| 1 Yr | -22.6% | -42.1% | 57.7% | 81.82% |
| 3 Yr | -0.1%* | -20.5% | 174.8% | 95.18% |
| 5 Yr | -5.6%* | -15.6% | 80.7% | 88.83% |
| 10 Yr | -2.6%* | -8.3% | 12.9% | 94.44% |
* Annualized
Total Return Ranking - Calendar
| Period | WEHIX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| 2025 | -30.3% | -69.6% | 25.3% | 94.79% |
| 2024 | 5.0% | -25.0% | 82.1% | 53.02% |
| 2023 | -1.0% | -24.4% | 196.6% | 96.09% |
| 2022 | 7.5% | -21.9% | 8.3% | 1.92% |
| 2021 | -5.1% | -62.4% | 19.0% | 84.00% |
NAV & Total Return History
WEHIX - Holdings
Concentration Analysis
| WEHIX | Category Low | Category High | WEHIX % Rank | |
|---|---|---|---|---|
| Net Assets | 179 M | 481 K | 145 B | 64.22% |
| Number of Holdings | 36 | 1 | 2445 | 86.85% |
| Net Assets in Top 10 | 88.2 M | 3.49 K | 10.8 B | 44.13% |
| Weighting of Top 10 | 45.63% | 2.8% | 100.0% | 10.59% |
Top 10 Holdings
- Liberty Broadband Corp C 6.30%
- LICT Corp 5.70%
- CoStar Group Inc 5.17%
- AutoZone Inc 4.85%
- Markel Corp 4.77%
- Laboratory Corp of America Holdings 4.36%
- Liberty SiriusXM Group C 4.26%
- CarMax Inc 4.24%
- Guidewire Software Inc 4.20%
- GCI Liberty Inc A 4.17%
Asset Allocation
| Weighting | Return Low | Return High | WEHIX % Rank | |
|---|---|---|---|---|
| Stocks | 94.71% | 0.00% | 100.57% | 86.85% |
| Cash | 3.72% | -2.51% | 100.00% | 19.01% |
| Preferred Stocks | 1.56% | 0.00% | 21.68% | 2.35% |
| Other | 0.00% | -1.04% | 36.11% | 50.47% |
| Convertible Bonds | 0.00% | 0.00% | 1.78% | 49.53% |
| Bonds | 0.00% | 0.00% | 14.82% | 50.23% |
Stock Sector Breakdown
| Weighting | Return Low | Return High | WEHIX % Rank | |
|---|---|---|---|---|
| Communication Services | 29.86% | 0.00% | 30.98% | 1.18% |
| Technology | 16.80% | 0.00% | 43.45% | 35.76% |
| Consumer Cyclical | 11.69% | 2.49% | 61.84% | 64.00% |
| Financial Services | 11.68% | 0.00% | 46.10% | 76.24% |
| Basic Materials | 10.24% | 0.00% | 26.18% | 4.47% |
| Industrials | 9.31% | 0.00% | 45.89% | 89.18% |
| Real Estate | 5.64% | 0.00% | 25.82% | 64.24% |
| Healthcare | 4.76% | 0.00% | 27.70% | 93.18% |
| Utilities | 0.00% | 0.00% | 18.97% | 88.47% |
| Energy | 0.00% | 0.00% | 58.13% | 91.29% |
| Consumer Defense | 0.00% | 0.00% | 32.18% | 97.65% |
Stock Geographic Breakdown
| Weighting | Return Low | Return High | WEHIX % Rank | |
|---|---|---|---|---|
| US | 84.96% | 0.00% | 100.04% | 90.61% |
| Non US | 9.75% | 0.00% | 27.19% | 8.45% |
WEHIX - Expenses
Operational Fees
| WEHIX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Expense Ratio | 1.09% | 0.03% | 8.45% | 35.07% |
| Management Fee | 0.85% | 0.00% | 1.67% | 87.41% |
| 12b-1 Fee | N/A | 0.00% | 1.00% | N/A |
| Administrative Fee | 0.03% | 0.01% | 0.30% | 4.17% |
Sales Fees
| WEHIX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Front Load | N/A | 0.00% | 5.75% | N/A |
| Deferred Load | N/A | 1.00% | 4.00% | N/A |
Trading Fees
| WEHIX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Max Redemption Fee | N/A | 1.00% | 2.00% | N/A |
Related Fees
Turnover provides investors a proxy for the trading fees incurred by mutual fund managers who frequently adjust position allocations. Higher turnover means higher trading fees.
| WEHIX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Turnover | N/A | 0.00% | 321.00% | 14.13% |
WEHIX - Distributions
Dividend Yield Analysis
| WEHIX | Category Low | Category High | WEHIX % Rank | |
|---|---|---|---|---|
| Dividend Yield | 0.04% | 0.00% | 4.15% | 66.04% |
Dividend Distribution Analysis
| WEHIX | Category Low | Category High | Category Mod | |
|---|---|---|---|---|
| Dividend Distribution Frequency | Annually | Annually | Semi-Annually | Annually |
Net Income Ratio Analysis
| WEHIX | Category Low | Category High | WEHIX % Rank | |
|---|---|---|---|---|
| Net Income Ratio | -0.60% | -2.06% | 3.38% | 91.83% |
Capital Gain Distribution Analysis
| WEHIX | Category Low | Category High | Capital Mode | |
|---|---|---|---|---|
| Capital Gain Distribution Frequency | Annually | Annually | Annually | Annually |
Distributions History
| Date | Amount | Type |
|---|---|---|
| Dec 17, 2019 | $0.810 | OrdinaryDividend |
| Jun 27, 2008 | $0.030 | OrdinaryDividend |
| Dec 28, 2007 | $0.270 | OrdinaryDividend |
| Jun 28, 2007 | $0.082 | OrdinaryDividend |
| Dec 28, 2006 | $0.190 | OrdinaryDividend |
| Jun 29, 2006 | $0.017 | OrdinaryDividend |
| Dec 28, 2005 | $0.077 | OrdinaryDividend |
WEHIX - Fund Manager Analysis
Managers
Wallace Weitz
Start Date
Tenure
Tenure Rank
Jan 01, 2003
19.42
19.4%
Co-Chief Investment Officer Portfolio Manager Multi-Cap Alternative / Partners III Opportunity Fund (Since June 1983) Multi-Cap Value / Partners Value Fund (Since June 1983) Mid-Cap Value / Hickory Fund (Since January 2003) Investment industry experience since 1970 Wally Weitz founded Weitz Investment Management in 1983. Prior to launching the Firm, he was an analyst and portfolio manager at Chiles, Heider & Co. Mr. Previously, he was a security analyst at G.A. Saxon & Co. Mr. Weitz has a bachelor's in economics from Carleton College.
Andrew Weitz
Start Date
Tenure
Tenure Rank
Dec 30, 2011
10.42
10.4%
Portfolio Manager Mid-Cap Value / Hickory Fund (Since December 2011) Multi-Cap Alternative / Partners III Opportunity Fund (Since July 2020) Multi-Cap Value / Partners Value Fund (Since July 2020) Investment industry experience since 2005 Drew Weitz joined Weitz Investment Management in 2008 as a research analyst. He was promoted to portfolio manager in 2011 and was director of equity research from 2017 to 2020. Previously, Mr. Weitz was a research analyst at Ariel Investments. Mr. Weitz has a bachelor's in computer science from Carleton College.
Tenure Analysis
| Category Low | Category High | Category Average | Category Mode |
|---|---|---|---|
| 0.25 | 38.44 | 7.36 | 5.78 |
