(1)
Disclaimer
The
schedule
of
portfolio
holdings
are
unaudited
and
are
presented
for
informational
purposes
only.
Portfolio
composition
is
subject
to
change
at
any
time
and
references
to
specific
securities,
industries,
and
sectors
are
not
recommendations
to
purchase
or
sell
any
particular
security.
Current
and
future
portfolio
holdings
are
subject
to
risk.
(2)
Affiliated
Issuers
Affiliated
issuers,
as
defined
under
the
Investment
Company
Act
of
1940,
are
those
in
which
a
Fund's
holdings
of
an
issuer
represent
5%
or
more
of
the
outstanding
voting
securities
of
the
issuer.
A
summary
of
each
Fund's
holdings
in
the
securities
of
such
issuers
is
set
forth
below:
(3)
Illiquid
Restricted
Securities
A
restricted
security
is
a
security
which
has
been
purchased
through
a
private
offering
and
cannot
be
resold
to
the
general
public
without
prior
registration
under
the
Securities
Act
of
1933
(the
“1933
Act”)
or
pursuant
to
the
resale
limitations
provided
by
Rule
144A
under
the
1933
Act,
or
an
exemption
from
the
registration
requirements
of
the
1933
Act.
The
Adviser
preliminarily
identifies
illiquid
investments
based
on,
among
other
things,
the
trading
characteristics
and
market
depth
of
a
particular
investment.
Not
all
restricted
securities
are
considered
illiquid.
The
illiquid
restricted
securities
held
as
of
June
30,
2025,
are
as
follows
(in
U.S.
dollars):
(4)
Additional
Information
The
Funds’
annual
and
semi-annual
financial
statements
contain
further
information,
including
the
Funds’
significant
accounting
policies,
pricing
and
fair
valuation
information
and
risks.
These
financial
statements
are
available
on
the
Funds’
website
at
weitzinvestments.com.
Partners
Ill
Opportunity
Fund
Value
3/31/202
5
Purchases
at
Cost
Proceeds
from
Sales
Net
Realized
Gain(Loss)
Net
Change
in
Unrealized
Appreciation/Depreciation
Value
6/30
/202
5
Shares
as
of
6/30
/202
5
Dividend
Income
Capital
Gains
Distributions
CoreCard
Corp.
$
9
,
635
,
6
50
$—
$—
$—
$
5,283,90
0
$
14,919,55
0
515,000
$
—
$—
Fund
Security
Acquisition
Date
(a)
Acquisition
Cost
Principal
Amount
Value
Percentage
of
Net
Assets(%)
Core
Plus
Income
Brightwood
Capital
Offshore
Fund
V
U
Rn
LLC
1/24/25
9,200,000
9,200,000
9,491,640
0.3
Core
Plus
Income
Greensledge
Capital
Markets
(GCM)
Series
2025-1A
Class
A
6/6/25
4,000,000
4,000,000
4,003,760
0.1
Core
Plus
Income
Guggenheim
Investments
Private
Debt
Fund
IV
Rated,
Series
2025-1A
Class
A1
3/19/25
9,160,000
9,160,000
9,176,433
0.3
Core
Plus
Income
New
Mountain
Guardian
IV
Income
Rated
Feeder
II,
Ltd.,
Series
2024-1A
Class
B
3/28/24
3,573,750
3,573,750
3,554,546
0.1
Core
Plus
Income
New
Mountain
Guardian
IV
Income
Rated
Feeder
II,
Ltd.,
Series
2024-1A
Class
C
3/28/24
2,868,750
2,868,750
2,846,601
0.1
Core
Plus
Income
New
Mountain
Guardian
IV
Income
Rated
Feeder
II,
Ltd.,
Series
2024-1A
Class
D
3/28/24
2,250,000
2,250,000
2,233,954
0.1
Short
Duration
Income
Brightwood
Capital
Offshore
Fund
V
U
Rn
LLC
1/24/25
3,000,000
3,000,000
3,095,100
0.3
Short
Duration
Income
Greensledge
Capital
Markets
(GCM)
Series
2025-1A
Class
A
6/6/25
1,400,000
1,400,000
1,401,316
0.1
Short
Duration
Income
Guggenheim
Investments
Private
Debt
Fund
IV
Rated,
Series
2025-1A
Class
A1
3/19/25
1,840,000
1,840,000
1,843,301
0.2
Short
Duration
Income
New
Mountain
Guardian
IV
Income
Rated
Feeder
II,
Ltd.,
Series
2024-1A
Class
A
3/28/24
3,750,000
3,750,000
3,736,237
0.3
(a)
Acquisition
date
represents
the
initial
purchase
date
of
the
security.