Weitz Large Cap Equity Fund on CoStar Group, Inc.
Thesis
CoStar Group has been caught in the market's broad reassessment of software and information-services businesses exposed to potential AI disruption. The fund materially trimmed the holding during the quarter to manage portfolio risk. Even after that reduction, the managers believe CoStar still 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.