13F-HR 1 wz51647-13f.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: March 31, 2011 -------------------------------- 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 May 11, 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: 74 --------------------- Form 13F Information Table Value Total: $2,188,109 --------------------- (thousands) List of Other Included Managers: None WALLACE R. WEITZ & COMPANY 31-Mar-11 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 80,917 1,472,020 SH Sole N/A Shared WILLIS GROUP HOLDINGS PUBLIC SHS G96666105 22,605 560,082 SH Sole N/A Shared TYCO INTERNATIONAL LTD SHS H89128104 57,315 1,280,200 SH Sole N/A Shared ACI WORLDWIDE INC COM 004498101 5,665 172,700 SH Sole N/A Shared AMERICAN EAGLE OUTFITTERS NE COM 02553E106 953 60,000 SH Sole N/A Sole ANHEUSER BUSCH INBEV SA/NV SPONSORED ADR 03524A108 7,003 122,500 SH Sole N/A Sole AON CORP COM 037389103 123,821 2,338,015 SH Sole N/A Shared APACHE CORP COM 037411105 655 5,000 SH Sole N/A Sole APPLE INC COM 037833100 181 519 SH Sole N/A Sole ASCENT MEDIA CORP COM SER A 043632108 30,287 620,000 SH Sole N/A Sole BAXTER INTL INC COM 071813109 18,002 334,790 SH Sole N/A Sole BERKSHIRE HATHAWAY INC DEL CL A 084670108 10,275 82 SH Sole N/A Shared BERKSHIRE HATHAWAY INC DEL CL B NEW 084670702 87,526 1,046,590 SH Sole N/A Shared BROWN & BROWN INC COM 115236101 10,719 415,450 SH Sole N/A Shared CVS CAREMARK CORPORATION COM 126650100 25,411 740,410 SH Sole N/A Shared CABELAS INC COM 126804301 500 20,000 SH Sole N/A Sole COINSTAR INC COM 19259P300 1,667 36,300 SH Sole N/A Sole COMCAST CORP NEW CL A 20030N101 180 7,300 SH Sole N/A Sole COMCAST CORP NEW CL A SPL 20030N200 47,267 2,035,600 SH Sole N/A Shared COMPASS MINERALS INTL INC COM 20451N101 8,407 89,890 SH Sole N/A Shared CONOCOPHILLIPS COM 20825C104 84,236 1,054,799 SH Sole N/A Shared CUMULUS MEDIA INC CL A 231082108 8,506 1,960,000 SH Sole N/A Sole DELL INC COM 24702R101 94,709 6,527,169 SH Sole N/A Shared DEVON ENERGY CORP NEW COM 25179M103 321 3,500 SH Sole N/A Sole DIAGEO P L C SPON ADR NEW 25243Q205 16,006 210,000 SH Sole N/A Sole DISCOVERY COMMUNICATNS NEW COM SER C 25470F302 11,619 330,000 SH Sole N/A Sole EOG RES INC COM 26875P101 593 5,000 SH Sole N/A Sole EAGLE MATERIALS INC COM 26969P108 31,103 1,027,870 SH Sole N/A Shared EHEALTH INC COM 28238P109 1,330 100,000 SH Sole N/A Sole ENERGIZER HLDGS INC COM 29266R108 4,981 70,000 SH Sole N/A Sole FLIR SYS INC COM 302445101 2,077 60,000 SH Sole N/A Sole GOOGLE INC CL A 38259P508 60,346 102,943 SH Sole N/A Shared GRAND CANYON ED INC COM 38526M106 34,476 2,377,686 SH Sole N/A Shared ICONIX BRAND GROUP INC COM 451055107 3,437 160,000 SH Sole N/A Sole INTELLIGENT SYS CORP NEW COM 45816D100 3,973 2,270,000 SH Sole N/A Sole INTERVAL LEISURE GROUP INC COM 46113M108 26,571 1,625,155 SH Sole N/A Shared IRON MTN INC COM 462846106 3,123 100,000 SH Sole N/A Sole JOHNSON & JOHNSON COM 478160104 593 10,000 SH Sole N/A Sole KENNEDY-WILSON HLDGS INC COM 489398107 326 30,000 SH Sole N/A Sole KNOLOGY INC COM 499183804 4,741 367,260 SH Sole N/A Sole KNOT INC COM 499184109 26,781 2,222,501 SH Sole N/A Shared LABORATORY CORP AMER HLDGS COM NEW 50540R409 44,649 484,635 SH Sole N/A Shared LIBERTY GLOBAL INC COM SER C 530555309 90,410 2,260,807 SH Sole N/A Shared LIBERTY MEDIA CORP NEW INT COM SER A 53071M104 119,408 7,444,401 SH Sole N/A Shared LIBERTY MEDIA CORP NEW CAP COM SER A 53071M302 36,917 501,108 SH Sole N/A Shared LIBERTY MEDIA CORP NEW LIB STAR COM A 53071M708 776 10,000 SH Sole N/A Sole LIVE NATION ENTERTAINMENT IN COM 538034109 36,113 3,611,300 SH Sole N/A Shared LOCKHEED MARTIN CORP COM 539830109 19,174 238,480 SH Sole N/A Sole MARTIN MARIETTA MATLS INC COM 573284106 61,166 682,125 SH Sole N/A Shared MICROSOFT CORP COM 594918104 120,921 4,768,183 SH Sole N/A Shared MOHAWK INDS INC COM 608190104 33,351 545,400 SH Sole N/A Shared MONSANTO CO NEW COM 61166W101 29,236 404,592 SH Sole N/A Shared NEWCASTLE INVT CORP COM 65105M108 272 45,000 SH Sole N/A Sole OMNICARE INC COM 681904108 121,740 4,059,353 SH Sole N/A Shared OMNICOM GROUP INC COM 681919106 29,902 609,496 SH Sole N/A Sole PRAXAIR INC COM 74005P104 15,240 150,000 SH Sole N/A Sole PRESTIGE BRANDS HLDGS INC COM 74112D101 3,450 300,000 SH Sole N/A Sole PROCTER & GAMBLE CO COM 742718109 14,168 230,000 SH Sole N/A Sole REDWOOD TR INC COM 758075402 97,820 6,290,696 SH Sole N/A Shared REPUBLIC SVCS INC COM 760759100 826 27,500 SH Sole N/A Sole SAIC INC COM 78390X101 1,861 110,000 SH Sole N/A Sole SANDRIDGE ENERGY INC COM 80007P307 73,352 5,730,614 SH Sole N/A Shared SOUTHWESTERN ENERGY CO COM 845467109 37,767 878,925 SH Sole N/A Shared STRAYER ED INC COM 863236105 4,780 36,629 SH Sole N/A Shared TARGET CORP COM 87612E106 34,907 698,000 SH Sole N/A Shared TEXAS INDS INC COM 882491103 5,518 122,000 SH Sole N/A Sole TEXAS INSTRS INC COM 882508104 87,724 2,538,300 SH Sole N/A Shared TREE COM INC COM 894675107 572 96,900 SH Sole N/A Sole US BANCORP DEL COM NEW 902973304 1,718 65,000 SH Sole N/A Sole UNITED PARCEL SERVICE INC CL B 911312106 41,433 557,500 SH Sole N/A Sole VIACOM INC NEW CL B 92553P201 149 3,200 SH Sole N/A Sole VULCAN MATLS CO COM 929160109 26,184 574,200 SH Sole N/A Shared WAL MART STORES INC COM 931142103 28,628 550,000 SH Sole N/A Sole WASHINGTON POST CO CL B 939640108 8,773 20,050 SH Sole N/A Shared --------------------------- 74 2,188,109 76,615,725 ---------------------------