Value guru, Wallace Weitz was on CNBC recently talking about finding value in these volatile markets. He thinks it it is important between macro conditions and valuable stocks. However Weitz does think the European crisis should continue for a while.
The only bank he owns is Wells Fargo. It has been a holding of his since the 1980s. He thinks Wachovia was a good acquisition by Wells, and thinks that the Wells can earn $4 per share, which would give it a pe of 6.
He discusses some of his top holdings in the video, below is a list from http://www.gurufocus.com:
Ticker |
Company |
Industry |
Shares |
Value ($1000) |
% Weighting as of
2011-06-30 |
Share # Change
from Last Period |
Trade Impact to Portfolio (%) |

Holding History |
AON |
AON Corp. |
others |
2,383,886 |
122,293 |
5.4138% |
+1.96% |
+0.1% |
History |
LINTA |
Liberty Media Corp. Series A |
Media |
7,188,310 |
120,548 |
5.3366% |
-3.44% |
-0.19% |
History |
MSFT |
Microsoft Corp. |
Software & Computer Services |
4,485,129 |
116,613 |
5.1624% |
-5.94% |
-0.33% |
History |
DELL |
Dell Inc. |
Technology Hardware & Equipment |
6,213,079 |
103,572 |
4.5851% |
-4.81% |
-0.21% |
History |
WFC |
Wells Fargo & Co. |
Banks |
3,544,150 |
99,449 |
4.4025% |
New Buy |
+4.4025% |
History |
RWT |
Redwood Trust Inc. |
Financial Services |
6,485,904 |
98,067 |
4.3414% |
+3.1% |
+0.13% |
History |
LBTYK |
Liberty Global Inc. Series C |
Media |
2,286,517 |
97,634 |
4.3222% |
+1.14% |
+0.05% |
History |
BRK.B |
Berkshire Hathaway B |
Insurance |
1,186,488 |
91,822 |
4.0649% |
+13.37% |
+0.48% |
History |
TXN |
Texas Instruments Inc. |
Technology Hardware & Equipment |
2,584,100 |
84,836 |
3.7556% |
+1.8% |
+0.07% |
History |
COP |
ConocoPhillips |
Oil & Gas Producers |
1,056,360 |
79,428 |
3.5162% |
+0.15% |
+0.01% |
History |
GOOG |
Google Inc. |
Software & Computer Services |
140,465 |
71,129 |
3.1488% |
+36.45% |
+0.84% |
History |
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