Weitz Large Cap Equity Fund on Accenture plc
Thesis
Accenture has been penalized as investors assess the potential impact of AI on software and information-services business models. The fund materially reduced its position during the quarter to manage risk. Despite the trim and weak share performance, the managers continue to believe Accenture offers attractive upside from its current price.
“Even after these trims, we continue to believe these investments offer attractive upside from current prices.”
Key risks
- Potential AI disruption to software and information-services business models.