13F-HR 1 wz50900-13f.txt WEITZ WALLACE R & CO UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Form 13F Form 13F COVER PAGE Report for the Calendar Year or Quarter Ended: December 31, 2010 -------------------------------- Check here if Amendment [ ]; Amendment Number: ------------- This Amendment (Check only one.): [ ] is a restatement. [ ] adds new holdings entries. Institutional Investment Manager Filing this Report: Name: Wallace R. Weitz -------------------------------------------------------------- Address: Wallace R. Weitz & Co. -------------------------------------------------------------- One Pacific Place, Suite 200 -------------------------------------------------------------- 1125 South 103 Street -------------------------------------------------------------- Omaha, Nebraska 68124-1071 -------------------------------------------------------------- Form 13F File Number: 28-3062 The institutional investment manager filing this report and the person by whom it is signed hereby represent that the person signing the report is authorized to submit it, that all information contained herein is true, correct and complete, and that it is understood that all required items, statements, schedules, lists, and tables, are considered integral parts of this form. Person Signing this Report on Behalf of Reporting Manager: Name: Wallace R. Weitz -------------------------------------------------------------- Title: President -------------------------------------------------------------- Phone: 402-391-1980 -------------------------------------------------------------- Signature, Place, and Date of Signing: /s/ Wallace R. Weitz Omaha, Nebraska February 10, 2011 --------------------------- -------------------------- ------------------ Signature City, State Date Report Type (Check only one.): [ X ] 13F HOLDINGS REPORT. (Check here if all holdings of this reporting manager are reported in this report.) [ ] 13F NOTICE. (Check here if no holdings reported are in this report, and all holdings are reported by other reporting manager(s).) [ ] 13F COMBINATION REPORT. (Check here if a portion of the holdings for this reporting manager are reported in this report and a portion are reported by other reporting manager(s).) Form 13F SUMMARY PAGE Report Summary: Number of Other Included Managers: 0 --------------------- Form 13F Information Table Entry Total: 71 --------------------- Form 13F Information Table Value Total: $2,041,173 --------------------- (thousands) List of Other Included Managers: None WALLACE R. WEITZ & COMPANY 31-Dec-10 13F FILE NO. 28-3062 FORM 13F INFORMATION TABLE

--------------------------------------------------------------------------------------------------------------------------------- COLUMN 1 COLUMN 2 COLUMN 3 COLUMN 4 COLUMN 5 COLUMN 6 COLUMN 7 COLUMN 8 --------------------------------------------------------------------------------------------------------------------------------- VALUE SHRS OR SH/ PUT/ INVESTMENT OTHER VOTING NAME OF ISSUER TITLE OF CLASS CUSIP (x$1000) PRN AMT PRN CALL DISCRETION MANAGERS AUTHORITY --------------------------------------------------------------------------------------------------------------------------------- ACCENTURE PLC IRELAND SHS CLASS A G1151C101 75,920 1,565,690 SH Sole N/A Shared WILLIS GROUP HOLDINGS PUBLIC SHS G96666105 19,388 559,873 SH Sole N/A Shared TYCO INTERNATIONAL LTD SHS H89128104 50,979 1,230,200 SH Sole N/A Shared ACI WORLDWIDE INC COM 004498101 17,288 643,400 SH Sole N/A Shared AON CORP COM 037389103 106,145 2,306,998 SH Sole N/A Shared APACHE CORP COM 037411105 596 5,000 SH Sole N/A Sole APPLE INC COM 037833100 125 388 SH Sole N/A Sole ASCENT MEDIA CORP COM SER A 043632108 26,318 679,000 SH Sole N/A Sole BAXTER INTL INC COM 071813109 17,453 344,790 SH Sole N/A Sole BERKSHIRE HATHAWAY INC DEL CL A 084670108 9,997 83 SH Sole N/A Shared BERKSHIRE HATHAWAY INC DEL CL B NEW 084670702 88,954 1,110,400 SH Sole N/A Sole BROWN & BROWN INC COM 115236101 9,946 415,450 SH Sole N/A Shared CABELAS INC COM 126804301 14,552 669,054 SH Sole N/A Shared COMCAST CORP NEW CL A 20030N101 160 7,300 SH Sole N/A Sole COMCAST CORP NEW CL A SPL 20030N200 46,361 2,227,800 SH Sole N/A Shared COMPASS MINERALS INTL INC COM 20451N101 8,024 89,890 SH Sole N/A Shared CONOCOPHILLIPS COM 20825C104 86,729 1,273,555 SH Sole N/A Shared CUMULUS MEDIA INC CL A 231082108 8,189 1,900,000 SH Sole N/A Sole DELL INC COM 24702R101 84,604 6,243,859 SH Sole N/A Shared DEVON ENERGY CORP NEW COM 25179M103 275 3,500 SH Sole N/A Sole DIAGEO P L C SPON ADR NEW 25243Q205 15,609 210,000 SH Sole N/A Sole DISCOVERY COMMUNICATNS NEW COM SER C 25470F302 12,475 340,000 SH Sole N/A Sole EOG RES INC COM 26875P101 457 5,000 SH Sole N/A Sole EAGLE MATERIALS INC COM 26969P108 29,433 1,041,870 SH Sole N/A Shared EHEALTH INC COM 28238P109 1,419 100,000 SH Sole N/A Sole ENERGIZER HLDGS INC COM 29266R108 4,374 60,000 SH Sole N/A Sole FLIR SYS INC COM 302445101 1,785 60,000 SH Sole N/A Sole GOOGLE INC CL A 38259P508 59,308 99,851 SH Sole N/A Shared GRAND CANYON ED INC COM 38526M106 40,588 2,071,890 SH Sole N/A Shared ITT EDUCATIONAL SERVICES INC COM 45068B109 239 3,758 SH Sole N/A Sole ICONIX BRAND GROUP INC COM 451055107 2,897 150,000 SH Sole N/A Sole INTELLIGENT SYS CORP NEW COM 45816D100 2,928 2,270,000 SH Sole N/A Sole INTERVAL LEISURE GROUP INC COM 46113M108 23,053 1,428,316 SH Sole N/A Shared IRON MTN INC COM 462846106 13,933 557,100 SH Sole N/A Shared KENNEDY-WILSON HLDGS INC COM 489398107 300 30,000 SH Sole N/A Sole KNOLOGY INC COM 499183804 3,217 205,801 SH Sole N/A Sole KNOT INC COM 499184109 21,708 2,197,210 SH Sole N/A Shared LABORATORY CORP AMER HLDGS COM NEW 50540R409 42,421 482,500 SH Sole N/A Shared LIBERTY GLOBAL INC COM SER C 530555309 75,397 2,224,763 SH Sole N/A Shared LIBERTY MEDIA CORP NEW INT COM SER A 53071M104 113,014 7,166,369 SH Sole N/A Shared LIBERTY MEDIA CORP NEW CAP COM SER A 53071M302 31,349 501,108 SH Sole N/A Shared LIBERTY MEDIA CORP NEW LIB STAR COM A 53071M708 23,125 347,850 SH Sole N/A Shared LIVE NATION ENTERTAINMENT IN COM 538034109 36,142 3,164,800 SH Sole N/A Shared LOCKHEED MARTIN CORP COM 539830109 20,168 288,480 SH Sole N/A Sole MARTIN MARIETTA MATLS INC COM 573284106 61,074 662,125 SH Sole N/A Shared MICROSOFT CORP COM 594918104 100,774 3,609,378 SH Sole N/A Shared MOHAWK INDS INC COM 608190104 30,753 541,800 SH Sole N/A Shared MONSANTO CO NEW COM 61166W101 42,529 610,692 SH Sole N/A Shared NEWCASTLE INVT CORP COM 65105M108 302 45,000 SH Sole N/A Sole OMNICARE INC COM 681904108 120,406 4,742,273 SH Sole N/A Shared OMNICOM GROUP INC COM 681919106 27,867 608,445 SH Sole N/A Sole PRAXAIR INC COM 74005P104 14,321 150,000 SH Sole N/A Sole PRESTIGE BRANDS HLDGS INC COM 74112D101 3,346 280,000 SH Sole N/A Sole PROCTER & GAMBLE CO COM 742718109 14,796 230,000 SH Sole N/A Sole REDWOOD TR INC COM 758075402 96,497 6,463,274 SH Sole N/A Shared REPUBLIC SVCS INC COM 760759100 821 27,500 SH Sole N/A Sole SAIC INC COM 78390X101 1,586 100,000 SH Sole N/A Sole SANDRIDGE ENERGY INC COM 80007P307 57,340 7,833,388 SH Sole N/A Shared SKECHERS U S A INC CL A 830566105 1,614 80,713 SH Sole N/A Sole SOUTHWESTERN ENERGY CO COM 845467109 9,743 260,300 SH Sole N/A Sole STRAYER ED INC COM 863236105 5,491 36,074 SH Sole N/A Shared TD AMERITRADE HLDG CORP COM 87236Y108 1,519 80,000 SH Sole N/A Sole TARGET CORP COM 87612E106 752 12,500 SH Sole N/A Sole TEXAS INSTRS INC COM 882508104 94,666 2,912,800 SH Sole N/A Shared TREE COM INC COM 894675107 566 60,000 SH Sole N/A Sole US BANCORP DEL COM NEW 902973304 1,820 67,500 SH Sole N/A Sole UNITED PARCEL SERVICE INC CL B 911312106 40,463 557,500 SH Sole N/A Sole VIACOM INC NEW CL B 92553P201 127 3,200 SH Sole N/A Sole VULCAN MATLS CO COM 929160109 25,915 584,200 SH Sole N/A Shared WAL MART STORES INC COM 931142103 29,931 555,000 SH Sole N/A Sole WASHINGTON POST CO CL B 939640108 8,812 20,050 SH Sole N/A Shared --------------------------- 71 2,041,173 77,416,608 ---------------------------