13F-HR 1 wz53549-13f.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, 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 February 8, 2012 -------------------------- ---------------------- ------------------ 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: $2,171,719 ------------------------------ (thousands) List of Other Included Managers: None WALLACE R. WEITZ & COMPANY 31-Dec-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 10,034 188,500 SH Sole N/A Sole WILLIS GROUP HOLDINGS PUBLIC SHS G96666105 7,760 200,000 SH Sole N/A Sole TYCO INTERNATIONAL LTD SHS H89128104 66,937 1,433,030 SH Sole N/A Shared ANHEUSER BUSCH INBEV SA/NV SPONSORED ADR 03524A108 26,409 433,000 SH Sole N/A Sole AON CORP COM 037389103 99,744 2,131,283 SH Sole N/A Shared APACHE CORP COM 037411105 20,155 222,513 SH Sole N/A Shared ASCENT CAP GROUP INC COM SER A 043632108 30,412 599,600 SH Sole N/A Sole AVON PRODS INC COM 054303102 4,254 243,500 SH Sole N/A Sole BERKSHIRE HATHAWAY INC DEL CL A 084670108 9,410 82 SH Sole N/A Shared BERKSHIRE HATHAWAY INC DEL CL B NEW 084670702 88,298 1,157,250 SH Sole N/A Shared BROWN & BROWN INC COM 115236101 5,440 240,380 SH Sole N/A Sole CNA FINL CORP COM 126117100 10,165 380,000 SH Sole N/A Sole CVS CAREMARK CORPORATION COM 126650100 41,129 1,008,570 SH Sole N/A Shared CABELAS INC COM 126804301 3,330 131,000 SH Sole N/A Sole CISCO SYS INC COM 17275R102 200 11,064 SH Sole N/A Sole COLE KENNETH PRODTNS INC CL A 193294105 1,165 110,000 SH Sole N/A Sole COINSTAR INC COM 19259P300 21,071 461,671 SH Sole N/A Shared COMCAST CORP NEW CL A 20030N101 230 9,700 SH Sole N/A Sole COMCAST CORP NEW CL A SPL 20030N200 47,052 1,997,112 SH Sole N/A Shared COMPASS MINERALS INTL INC COM 20451N101 4,131 60,000 SH Sole N/A Sole CONOCOPHILLIPS COM 20825C104 23,668 324,800 SH Sole N/A Shared CUMULUS MEDIA INC CL A 231082108 10,890 3,260,400 SH Sole N/A Sole DELL INC COM 24702R101 74,916 5,120,700 SH Sole N/A Shared DIAGEO P L C SPON ADR NEW 25243Q205 16,610 190,000 SH Sole N/A Sole DISNEY WALT CO COM DISNEY 254687106 16,511 440,300 SH Sole N/A Sole EAGLE MATERIALS INC COM 26969P108 35,300 1,375,687 SH Sole N/A Shared ENERGIZER HLDGS INC COM 29266R108 6,973 90,000 SH Sole N/A Sole FLIR SYS INC COM 302445101 14,823 591,260 SH Sole N/A Shared GOOGLE INC CL A 38259P508 85,409 132,233 SH Sole N/A Shared GRAND CANYON ED INC COM 38526M106 24,761 1,551,430 SH Sole N/A Shared HEWLETT PACKARD CO COM 428236103 34,776 1,350,000 SH Sole N/A Sole ITT EDUCATIONAL SERVICES INC COM 45068B109 203 3,570 SH Sole N/A Sole ICONIX BRAND GROUP INC COM 451055107 24,513 1,504,800 SH Sole N/A Shared INTELLIGENT SYS CORP NEW COM 45816D100 3,632 2,270,000 SH Sole N/A Sole INTERVAL LEISURE GROUP INC COM 46113M108 34,121 2,507,057 SH Sole N/A Shared ISHARES TR DJ HOME CONSTN 464288752 571 48,100 SH Sole N/A Sole JOHNSON & JOHNSON COM 478160104 656 10,000 SH Sole N/A Sole KNOLOGY INC COM 499183804 11,582 815,660 SH Sole N/A Sole LABORATORY CORP AMER HLDGS COM NEW 50540R409 49,311 573,585 SH Sole N/A Shared LIBERTY GLOBAL INC COM SER C 530555309 86,016 2,176,517 SH Sole N/A Shared LIBERTY INTERACTIVE CORPORAT INT COM SER A 53071M104 97,845 6,034,200 SH Sole N/A Shared LIBERTY MEDIA CORPORATION LIB CAP COM A 530322106 56,556 724,608 SH Sole N/A Shared LIVE NATION ENTERTAINMENT IN COM 538034109 48,429 5,827,826 SH Sole N/A Shared LOCKHEED MARTIN CORP COM 539830109 20,435 252,595 SH Sole N/A Sole MARTIN MARIETTA MATLS INC COM 573284106 64,291 852,558 SH Sole N/A Shared MICROSOFT CORP COM 594918104 89,014 3,428,905 SH Sole N/A Shared MOHAWK INDS INC COM 608190104 19,595 327,400 SH Sole N/A Shared MOSAIC CO NEW COM 61945C103 6,304 125,000 SH Sole N/A Sole NATIONAL CINEMEDIA INC COM 635309107 20,920 1,687,100 SH Sole N/A Sole NEWCASTLE INVT CORP COM 65105M108 930 200,000 SH Sole N/A Sole OMNICARE INC COM 681904108 59,017 1,713,120 SH Sole N/A Shared OMNICOM GROUP INC COM 681919106 27,089 607,639 SH Sole N/A Sole ORACLE CORP COM 68389X105 205 7,989 SH Sole N/A Sole PRAXAIR INC COM 74005P104 13,363 125,000 SH Sole N/A Sole PRESTIGE BRANDS HLDGS INC COM 74112D101 3,945 350,000 SH Sole N/A Sole PROSHARES TR SHRT 20+YR TRE 74347X849 3,740 120,000 SH Sole N/A Sole REDWOOD TR INC COM 758075402 76,184 7,483,709 SH Sole N/A Shared REPUBLIC SVCS INC COM 760759100 1,041 37,800 SH Sole N/A Sole SPDR SERIES TRUST S&P BK ETF 78464A797 3,966 200,000 SH Sole N/A Sole SANDRIDGE ENERGY INC COM 80007P307 66,917 8,200,650 SH Sole N/A Shared SOUTHWESTERN ENERGY CO COM 845467109 33,883 1,060,840 SH Sole N/A Shared TARGET CORP COM 87612E106 52,481 1,024,614 SH Sole N/A Shared TEXAS INDS INC COM 882491103 22,821 741,430 SH Sole N/A Shared TEXAS INSTRS INC COM 882508104 78,704 2,703,681 SH Sole N/A Shared TREE COM INC COM 894675107 1,118 200,000 SH Sole N/A Sole US BANCORP DEL COM NEW 902973304 1,758 65,000 SH Sole N/A Sole UNITED PARCEL SERVICE INC CL B 911312106 34,765 475,000 SH Sole N/A Sole VALEANT PHARMACEUTICALS INTL COM 91911K102 65,617 1,405,380 SH Sole N/A Shared WAL MART STORES INC COM 931142103 23,247 389,000 SH Sole N/A Sole WELLS FARGO & CO NEW COM 949746101 103,958 3,772,050 SH Sole N/A Shared XO GROUP INC COM 983772104 21,013 2,519,554 SH Sole N/A Shared --------------------- 71 2,171,719 88,017,002 ---------------------