From Yahoo Finance: 2025-05-26 10:43:00

Weitz Investment Management released its Multi-Cap Equity Fund Q1 2025 investor letter, showing a +0.81% return for the Institutional Class compared to -4.72% for the Russell 3000. Increased scrutiny arose when Chinese company DeepSeek announced a lower-cost advanced AI model, impacting US firms’ spending strategies and causing equity decline.

Alphabet Inc. (NASDAQ: GOOG) was highlighted in Weitz Multi-Cap Equity Fund’s Q1 2025 letter. The parent company of Google experienced a one-month return of 3.50% and a 3.82% loss over 52 weeks. As of May 23, 2025, Alphabet Inc. (NASDAQ: GOOG) stock closed at $169.59 per share with a market cap of $2.05 trillion.

Alphabet Inc. (NASDAQ: GOOG) was a top detractor for Weitz Multi-Cap Equity Fund due to competitive pressures from GenAI capabilities and fears of search share shift to rivals like ChatGPT. Despite strong businesses like YouTube, Weitz reduced its position early in the quarter. Analysts see potential, but believe AI stocks offer greater returns in a shorter timeframe.



Read more at Yahoo Finance: Weitz Multi-Cap Equity Fund’s Top Q1 Detractor