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Weitz Partners III Opportunity Fund Exited Old Dominion Freight Lines (ODFL) in 2024 on Share Price Appreciation

Weitz Investment Management, an investment management firm, released its “Partners III Opportunity Fund” fourth-quarter 2024 investor letter. A copy of the letter can be downloaded here. The fund’s Institutional Class returned +1.21% in the fourth quarter bringing the yearly returns to +16.25 compared to +2.63% and +23.8 returns for the Russell 3000 for both the periods. The firm started 2024 with modest expectations, but the year saw a double-digit gain for the Fund. The benchmark outperformed, fueled by strong investor interest in Artificial Intelligence and gains from mega-cap...