Weitz Investment Management

What Weitz Investment Management does

Weitz Investment Management, Inc. is an independent, employee-owned boutique asset management firm headquartered in Omaha, Nebraska, founded in 1983 by value investor Wally Weitz. The firm manages actively managed mutual funds and exchange-traded funds across fixed income (Core Plus, Short Duration, Ultra Short Government, and three bond ETFs: WCPB, WMSB, WSDB), equity (Large Cap, Multi Cap, Partners III Opportunity), balanced (Conservative Allocation), and a Nebraska municipal bond fund, applying a bottom-up, high-conviction, benchmark-agnostic investment approach with a focus on downside risk management. The platform is supported by approximately 11-50 employees including co-CIOs, dedicated fixed-income co-heads with 30+ years of tenure, a research team, and a sales and client service organization covering the United States.

Weitz generates revenue primarily through asset-based management fees and expense ratios charged on assets under management across its mutual funds, ETFs, and separately managed accounts, with disclosed ETF gross expense ratios of approximately 0.89%. Distribution operates through three channels: (1) intermediary distribution via financial advisors, RIAs, and wealth managers served by three regional sales directors and an institutional sales team; (2) direct-to-consumer account access through the firm website; and (3) exchange-traded fund listings on NYSE Arca, distributed by Northern Lights Distributors, LLC. The firm also serves institutional investors through separately managed accounts. Mutual fund distribution is conducted through its wholly owned subsidiary, Weitz Securities, Inc.

Customer segments span individual investors, financial professionals, and institutional clients, with a horizontal segmentation approach. The firm has no parent company, no external private equity ownership, and no disclosed M&A history; it has scaled organically while expanding its fixed income platform, which grew to more than $6 billion in AUM as of March 31, 2026, more than doubling over the prior two years. Operations are supported from Omaha, Nebraska, with fund administration and shareholder servicing handled through an operations support relationship in Columbus, Ohio.

Name

Weitz Investment Management

Legal name

Weitz Investment Management, Inc.

Website

https://weitzinvestments.com

Company type

Private

Founded year

1983

Operating status

Operating

Headcount range

11–50 employees

Short description

Weitz Investment Management is an independent, employee-owned Omaha-based boutique asset manager founded in 1983, offering actively managed mutual funds and ETFs across fixed income, equity, and balanced strategies to individual investors, financial advisors, and institutional clients.

Ownership category

akta.pro rank

Product category

Asset Management

NAICS

Portfolio Management and Investment Advice (523940), Open-End Investment Funds (525910)

SIC

Investment Advice (6282)

akta.pro primary industry

Investment Management Advisory (RIA) (FSAEAAAB)

Keywords

• Asset management
• Mutual funds
• Exchange traded funds
• Fixed income investing
• Value investing

Headquarters

HQ city

Omaha

HQ country

United States

HQ region

North America

Offices2 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Operations, Marketing or Sales, Technology or R&D, Infrastructure

Revenue model

1. Asset Management Fees: Weitz Investment Management generates revenue through management fees charged on assets under management across its mutual funds, ETFs, and separately managed accounts. The firm charges expense ratios on its investment products, with gross expense ratios ranging from approximately 0.89% for ETFs to varying rates for mutual funds. The revenue is directly tied to the firm's AUM, which exceeds $6 billion in fixed income assets.

Pricing tiers

Go-to-market motion2 records

Distribution channels4 records

Marketing channels5 records

Core offering

Weitz Investment Management is an independent, employee-owned asset management firm that offers actively managed mutual funds, exchange-traded funds (ETFs), and separately managed accounts across fixed income and equity strategies. The firm applies fundamental bottom-up research to build concentrated, high-conviction portfolios, with particular depth in fixed income (core plus, short duration, multisector, ultra short government, municipal) and value-oriented equity strategies. Weitz Securities, Inc. serves as the distributor of the Weitz Funds, and Northern Lights Distributors, LLC distributes the Weitz ETFs.

Product overview

Weitz Investment Management offers a unified platform of actively managed investment products spanning both mutual funds and ETFs. The core product suite consists of fixed income strategies (Core Plus Income Fund, Short Duration Income Fund, Ultra Short Government Fund, and three bond ETFs: Core Plus Bond ETF, Multisector Bond ETF, and Short Duration Bond ETF) alongside equity strategies (Large Cap Equity Fund, Multi Cap Equity Fund, Partners III Opportunity Fund) and hybrid allocations (Conservative Allocation Fund). The firm also offers a Nebraska-focused municipal bond fund. All strategies are managed with a disciplined, high-conviction approach rooted in fundamental research, emphasizing risk-aware investing and downside protection. The ETF platform expansion (WCPB, WMSB, WSDB) extends the firm's 30+ year fixed income expertise to exchange-traded formats.

Differentiator

Problem solved

Functional benefit

Brands

• Weitz Funds: The mutual fund family offered by Weitz Investment Management, including equity and fixed income funds.
• Weitz ETFs

Products and services

• Core Plus Income Fund (WCPBX/WCPNX) An actively managed, high-conviction fixed income mutual fund with a diversified portfolio of high-quality bonds and a target average duration of 3.5 to 7 years. The strategy is benchmark agnostic, casting a wider net in search of the best risk/reward opportunities. Designed for individual investors and financial professionals seeking flexible core plus fixed income exposure. Awarded 2025 LSEG Lipper Fund Awards for Core Plus Bond Funds (5- and 10-year periods).
• Short Duration Income Fund (WEFIX/WSHNX) A diversified portfolio of high-quality bonds with an average duration of 1 to 3.5 years, emphasizing downside risk management and income generation across different market environments. Available in both investor and institutional share classes.
• Ultra Short Government Fund (SAFEX) A short-duration fixed income mutual fund focused on U.S. government securities, designed for investors seeking lower interest rate sensitivity. Available as institutional share class.
• Conservative Allocation Fund (WBALX/WBAIX) A balanced allocation mutual fund combining equity and fixed income investments for moderate-risk investors seeking income and capital appreciation.
• Large Cap Equity Fund (WVALX) A long-term equity mutual fund strategy investing in quality large-cap companies at reasonable prices, managed with a business-owner mindset. Co-managed by Brad Hinton and Nathan Ritz.
• Multi Cap Equity Fund (WPVLX) A flexible equity mutual fund strategy investing across market capitalizations in a high-conviction portfolio focused on company fundamentals.
• Partners III Opportunity Fund (WPOIX/WPVLX) A high-conviction equity mutual fund strategy focused on value investing, seeking quality businesses at reasonable prices with potential for long-term capital appreciation. Managed by Wally Weitz and Drew Weitz since June 1983.
• Nebraska Tax-Free Income Fund (WNTFX) A tax-advantaged municipal bond mutual fund primarily invested in Nebraska securities, offering tax-exempt income for federal and Nebraska state tax purposes.
• Core Plus Bond ETF (WCPB) An actively managed ETF combining high-quality core bonds with flexibility to adjust sector exposure. Targets duration of 3.5 to 7 years and may invest up to 25% in below investment-grade securities when risk/reward is attractive. Listed on NYSE Arca.
• Multisector Bond ETF (WMSB) An actively managed ETF offering broad flexibility across sectors, capital structures, credit quality, and duration. Designed for investors seeking high income with potential for long-term capital appreciation through opportunistic relative value investing. Listed on NYSE Arca.
• Short Duration Bond ETF (WSDB) An actively managed ETF designed to seek income while maintaining lower interest rate sensitivity. Invests primarily in high-quality bonds with a target duration of 1.0 to 3.5 years, with flexibility to allocate across sectors. Co-managed by Tom Carney and Nolan Anderson. Listed on NYSE Arca.
• Separately Managed Accounts Bespoke institutional investment solutions offered to pension funds, endowments, foundations, and other institutional investors, providing direct access to Weitz's actively managed investment strategies through dedicated institutional sales coverage.

Quantifiable outcome

• Weitz Core Plus Income Fund (WCPBX) earned 2025 LSEG Lipper Fund Awards for best fund in Core Plus Bond Funds category for both 5- and 10-year periods
• +2 more outcomes

Segments3 records

Ideal customer profiles3 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Partnerships

One partnership is on record.

• Northern Lights Distributors, LLCcoreChannel Partner/ Reseller/ DistributorNorthern Lights Distributors, LLC serves as the distributor for Weitz ETFs. This is a key distribution relationship enabling Weitz's ETF products to be offered to investors through standard brokerage channels.

Scale indicators4 records

Recent moves9 records

Expansion highlights5 records

Emerging players

• WisdomTree Investments: New York-based asset manager focused primarily on ETFs across equities, fixed income, and alternatives. Comparable as an active ETF issuer pursuing similar distribution through financial advisors, with overlapping fixed income ETF products.
• Oak Value Capital Management: North Carolina-based smaller boutique value asset manager. Comparable as a focused value boutique; talent cross-pollination exists (Barton Hooper, Weitz Senior Equity Analyst, previously worked at Oak Value).

Direct peers

• Ariel Investments: Chicago-based boutique active value asset manager offering mutual funds and separate accounts. Highly comparable as a similar-sized, employee-influenced, value-oriented boutique with cross-pollination of talent (Drew Weitz previously worked at Ariel Investments).
• Calamos Asset Management: Naperville, IL-based active asset manager offering equity, fixed income, and alternatives funds. Direct peer in active fixed income and equity mutual funds; talent cross-pollination evident (Weitz President Jim Boyne was previously President and COO at Calamos).
• Tweedy, Browne Company: New York-based value-oriented boutique asset manager offering mutual funds and managed accounts. Comparable as a similarly sized, long-tenured value investing boutique distributing through advisors and institutions.
• Third Avenue Management: New York-based boutique value asset manager with concentrated, fundamental bottom-up mutual funds. Comparable as an active value boutique with similar distribution through financial advisors and a high-conviction investment approach.
• Dodge & Cox: San Francisco-based, employee-owned active value asset manager managing mutual funds across equity and fixed income. Directly comparable as a long-tenured, employee-owned active manager serving financial advisors and institutions with concentrated, fundamentally-driven portfolios.
• Longleaf Partners: Memphis-based boutique value asset manager focused on concentrated, high-conviction equity mutual funds. Directly comparable as an employee-influenced value boutique with a similarly small headcount and advisor-focused distribution.
• DoubleLine Capital: Los Angeles-based active fixed income specialist founded by Jeffrey Gundlach. Direct peer in active fixed income mutual funds and ETFs, with a comparable bottom-up research approach and multi-strategy core plus / short duration product set.

Broad incumbents

• Principal Asset Management: Des Moines-based large global asset manager offering equity, fixed income, and multi-asset strategies. Comparable as an active fixed income manager with mutual fund and institutional offerings; talent cross-pollination exists (Brad Hinton previously worked at Principal Financial Group).

Market position

Strengths5 records

Weaknesses5 records

Competitive moat4 records

Key risks6 records

Key highlights6 records

Customer concentration

• Xx.com/weitzinvest
• Facebookfacebook.com/weitzinvestmentmanagement
• LinkedInlinkedin.com/company/2143979

Revenue estimate

Valuation estimate

Number of profiles

Profiles15 records

Subsidiaries2 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Weitz Investment Management