About WPOIX
Weitz Partners III Opportunity Fund Investor Class is an actively managed mutual fund designed to seek capital appreciation through a flexible, long-short equity strategy. This fund primarily invests in what it considers above-average to high-quality companies, employing a concentrated portfolio approach with the latitude to invest across all market capitalizations. Its primary function is to generate growth by taking long positions in selected businesses while also using short positions, typically in broad-based securities indexes, to hedge risks or capitalize on anticipated declines. As a long/short equity fund, it offers investors exposure to equity markets while aiming to dampen volatility and manage downside risk.
Notably, the fund maintains a strong emphasis on high-conviction holdings, with a significant portion of assets allocated to its top ten positions—often including prominent names in financial services, communication services, and healthcare sectors. Managed by an experienced team since its inception in 1983, the fund is recognized for its value-driven, private-buyer investment mindset and its ability to adapt to changing market conditions. The fund's long tenure and flexible structure make it a distinctive option among long-short equity mutual funds, serving investors seeking both growth opportunities and risk management within their equity allocations.
Fund Family Weitz
Category Long-Short Equity
Performance Rating Below Average
Risk Rating Above Average
Stock Exchange NASDAQ
Ticker Symbol WPOIX
Share Class - Investor Class
Index S&P 500 TR
WPOIX had a total return of -3.69% in the past year, including dividends. Since the fund's
inception, the average annual return has been 13.68%.
