The Fund Grade · free · no account needed
What grade does WPOIX get?
Morningstar rates funds on what they returned. We grade them on where their money sits today: how much of the book overlaps with the converged buys of the top specialist stock pickers.
Fundprints Fund Grade · as of 2026-10-01
Weitz Partners III Opportunity Fund
#266 of 500 graded active funds · blend · large segment peer group
The point · specialist footprint
WPOIX puts more of its book behind proven specialists than 62% of graded funds.
Bottom 20%
Bottom 40%
Middle
● Top 40%
Top 20%
That has mattered: over the past 2.7 years, funds on this rung beat bottom-rung funds by about 3.8% per quarter, and beat the S&P in 43% of fund-quarters versus their 22%. The evidence argues this fund earns its seat.
10,000+ funds tracked · the graded specialists among them drive every read
3 funds in the same segment carry an A. Members see the names and what they charge. See the alternatives →
The grade scores this fund's specialist share, the slice that overlaps what the top 1% of proven funds are building. We ignore index ballast and names outside our edge on purpose: that slice is small, and it's what decides the outcome.
WPOIX vs the Honor Roll · share card ↗Conviction exposure
32.7%
of the book in specialist-converged names
Late-stage weight
25.3%
of the book in Crowded or Fading names
Active share
89.8%
how far it strays from the index
The best grades have beaten the worst by about +5% a year since we began grading. The gap held in 9 out of 10 months. Measured on filings as they were published, no hindsight.
Inside the book: top names by stage · as of 2026-10-20
We email you the day it crosses 50% crowded, and where you stand every month.
Graded monthly from point-in-time filings. A description of where the money sits, not a recommendation. Evidence, not advice.
The read · what to do with it
WPOIX earns a C grade, ranking 266 of 500, with specialists holding just 32.7% of the fund. Over 25% sits in late-stage positions, and five holdings including GOOG, SIRI, and AON are actively being abandoned by specialists. TMO at 5.5% is a genuine early spot, but it is not enough to offset the broader fading picture.
→ Watch GOOG, SIRI, and AON closely, as specialists are leaving all three and they combine for over 15% of the fund.
→ Compare WPOIX against the three higher-graded funds in this segment before deciding whether to stay.
Support leaving these positions
Same family, higher grade
Read from today's disclosed book. Evidence, not advice.