Here’s Why CoStar Group (CSGP) Slid in Q1

1 hour ago 1

Soumya Eswaran

Wed, May 13, 2026 astatine 8:16 AM CDT 2 min read

Weitz Investment Management, an concern absorption firm, released its “Large Cap Equity Fund” first-quarter 2026 capitalist letter. A transcript of the missive tin beryllium downloaded here. The Fund’s Institutional Class returned -12.04% successful the quarter, compared to -4.22% for the Bloomberg U.S. 1000 Index. Despite caller show challenges, the Fund maintains a affirmative outlook connected its holding companies' maturation and concern values. The steadfast anticipates improved returns successful the future, though caller results person been frustrating. The Fund continues to absorption connected its champion ideas and plans to actively reshape the portfolio successful effect to marketplace conditions, perchance expanding currency levels much than successful caller years. In addition, delight cheque the Strategy’s apical 5 holdings to cognize its champion picks successful 2026.

In its first-quarter 2026 capitalist letter, Weitz Investment Large Cap Equity Fund highlighted stocks similar CoStar Group, Inc. (NASDAQ:CSGP). CoStar Group, Inc. (NASDAQ:CSGP) is an information, analytics, and online marketplace services supplier for commercialized and residential spot markets. On May 12, 2026, CoStar Group, Inc. (NASDAQ:CSGP) closed astatine $33.05 per share. One-month instrumentality of CoStar Group, Inc. (NASDAQ:CSGP) was -15.92%, and its shares mislaid 56.34% implicit the past 52 weeks. CoStar Group, Inc. (NASDAQ:CSGP) has a marketplace capitalization of $13.5 billion.

Weitz Investment Large Cap Equity Fund stated the pursuing regarding CoStar Group, Inc. (NASDAQ:CSGP) successful its Q1 2026 capitalist letter:

"CoStar Group, Inc.'s (NASDAQ:CSGP) banal continued to descent arsenic activists and long-time investors grew adjacent much restless with the dense concern successful the Homes.com platform. We sold implicit 40% of the Fund’s shares earlier successful the 4th and proceed to intimately show the outlook."

Was Jim Cramer Right About CoStar Group, Inc. (CSGP)?

CoStar Group, Inc. (NASDAQ:CSGP) is not connected our database of 40 Most Popular Stocks Among Hedge Funds Heading Into 2026. According to our database, 58 hedge money portfolios held CoStar Group, Inc. (NASDAQ:CSGP) astatine the extremity of the 4th quarter, up from 57 successful the erstwhile quarter. While we admit the imaginable of CoStar Group, Inc. (NASDAQ:CSGP) arsenic an investment, we judge definite AI stocks connection greater upside imaginable and transportation little downside risk. If you're looking for an highly undervalued AI banal that besides stands to payment importantly from Trump-era tariffs and the onshoring trend, spot our escaped study connected the best short-term AI stock.

In another article, we covered CoStar Group, Inc. (NASDAQ:CSGP) and shared the database of champion small-cap worth stocks to bargain according to Bares Capital. In addition, delight cheque retired our hedge money capitalist letters Q1 2026 page for much capitalist letters from hedge funds and different starring investors.

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