Perimeter Solutions SA (PR) in Weitz Multi Cap Equity Fund Q1 2024

Market Leadership in Wildfire Retardants Drives Exceptional Gains

Apr 15, 2025

Summary

Strongest performing stock in the fund with a 61% gain.
Market leadership in wildfire retardants following competitor withdrawal.
Potential risks from market competition and regulatory changes.
Significant contributor to the fund's absolute performance.

Perimeter Solutions SA (PR, Financial) was the standout performer in the Weitz Multi Cap Equity Fund 1st-Quarter Letter 2024 Q1, achieving a remarkable 61% gain. The fund managers attributed this success to Perimeter's market leadership in wildfire retardants, particularly following the withdrawal of its sole material competitor's product.

"Perimeter Solutions SA's (PR, Financial) 61% gain made it the Fund's strongest performing stock on an absolute basis, driven by its market leadership in wildfire retardants." — Wally Weitz, Weitz Multi Cap Equity Fund, Q1 2024 Fund Letter

Read full letter at gurufocus Wally Weitz's Weitz Multi Cap Equity Fund 1st-Quarter Letter 2024 Q1 page.

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