Weitz Investment Management, an investment management firm, released its “Large Cap Equity Fund” first-quarter 2026 investor letter. A copy of the letter can be downloaded here. The Fund’s Institutional Class returned -12.04% in the quarter, compared to -4.22% for the Bloomberg U.S. 1000 Index. Despite recent performance challenges, the Fund maintains a positive outlook on its holding companies’ growth and business values. The firm anticipates improved returns in the future, although recent results have been frustrating. The Fund continues to focus on its best ideas and plans to actively reshape the portfolio in response to market conditions, potentially increasing cash levels more than in recent years. In addition, please check the Strategy’s top five holdings to know its best picks in 2026.
In its first-quarter 2026 investor letter, Weitz Investment Large Cap Equity Fund highlighted stocks like CoStar Group, Inc. (NASDAQ:CSGP). CoStar Group, Inc. (NASDAQ:CSGP) is an information, analytics, and online marketplace services provider for commercial and residential property markets. On May 12, 2026, CoStar Group, Inc. (NASDAQ:CSGP) closed at $33.05 per share. One-month return of CoStar Group, Inc. (NASDAQ:CSGP) was -15.92%, and its shares lost 56.34% over the past 52 weeks. CoStar Group, Inc. (NASDAQ:CSGP) has a market capitalization of $13.5 billion.
Weitz Investment Large Cap Equity Fund stated the following regarding CoStar Group, Inc. (NASDAQ:CSGP) in its Q1 2026 investor letter:
“CoStar Group, Inc.’s (NASDAQ:CSGP) stock continued to slide as activists and long-time investors grew even more restless with the heavy investment in the Homes.com platform. We sold over 40% of the Fund’s shares earlier in the quarter and continue to closely monitor the outlook.”
CoStar Group, Inc. (NASDAQ:CSGP) is not on our list of 40 Most Popular Stocks Among Hedge Funds Heading Into 2026. According to our database, 58 hedge fund portfolios held CoStar Group, Inc. (NASDAQ:CSGP) at the end of the fourth quarter, up from 57 in the previous quarter. While we acknowledge the potential of CoStar Group, Inc. (NASDAQ:CSGP) as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you’re looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock.
In another article, we covered CoStar Group, Inc. (NASDAQ:CSGP) and shared the list of best small-cap value stocks to buy according to Bares Capital. In addition, please check out our hedge fund investor letters Q1 2026 page for more investor letters from hedge funds and other leading investors.
Disclaimer : This story is auto aggregated by a computer programme and has not been created or edited by DOWNTHENEWS. Publisher: finance.yahoo.com
