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SECURITIES AND EXCHANGE COMMISSION
Washington D.C. 20549
Washington, D.C. 20549
SCHEDULE 13G
Under the Securities Exchange Act of 1934
Port Financial Corp.
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(Name of Issuer)
Common
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(Title of Class of Securities)
734119100
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(Cusip Number)
5/31/2000
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(Date of Event Which Requires Filing of this Statement)
Check the appropriate box to designate the rule pursuant to which this Schedule
is filed:
/X/ Rule 13d-1 (b)
/ / Rule 13d-1 (c)
/ / Rule 13d-1 (d)
The remainder of this cover page shall be filled out for a reporting person's
initial filing on this form with respect to the subject class of securities, and
for any subsequent amendment containing information which would alter the
disclosures provided in a prior cover page.
The information required in the remainder of this cover page shall not be deemed
to be "filed" for the purpose of Section 18 of the Securities Exchange Act of
1934 or otherwise subject to the liabilities of that section of the Act but
shall be subject to all other provisions of the Act (however, see the notes).
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CUSIP NO. 734119100 13G
1) NAME OF REPORTING PERSON I.R.S. NUMBER OF REPORTING PERSON
Wallace R. Weitz & Company Tax I.D. No. 47-0654095
2) CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP:
(a) [ ] N/A
(b) [ ]
3) SEC USE ONLY
4) CITIZENSHIP OR PLACE OF ORGANIZATION
State of Nebraska
NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH:
5) SOLE VOTING POWER: 545,000
6) SHARED VOTING POWER: 545,000
7) SOLE DISPOSITIVE POWER: 545,000
8) SHARED DISPOSITIVE POWER: 545,000
9) AGGREGATE AMOUNT OWNED BY EACH REPORTING PERSON
545,000
10) CHECK IF THE AGGREGATE AMOUNT IN ROW 9 EXCLUDES CERTAIN SHARES
[ ]
11) PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9.
11.4%
12) TYPE OF REPORTING PERSON
IA
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CUSIP NO. 734119100 13G
1) NAME OF REPORTING PERSON
Wallace R. Weitz
2) CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP:
(a) [ ] N/A
(b) [ ]
2) SEC USE ONLY
3) CITIZENSHIP OR PLACE OF ORGANIZATION
Citizen of the United States of America
NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH:
5) SOLE VOTING POWER: NONE
6) SHARED VOTING POWER: 545,000
7) SOLE DISPOSITIVE POWER: NONE
8) SHARED DISPOSITIVE POWER: 545,000
9) AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
11.4%
10) CHECK IF THE AGGREGATE AMOUNT IN ROW 9 EXCLUDES CERTAIN SHARES
[ ]
11) PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
11.4%
12) TYPE OF REPORTING PERSON
IN
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Item 1(a). Name of Issuer:
Port Financial Corp.
Item 1(b). Address of Issuer's Principal Executive Office:
689 Massachusetts Avenue
Cambridge, Massachusetts 02139
Item 2(a). Names of Persons Filing:
Wallace R. Weitz & Company
Wallace R. Weitz, President and Sole Owner of Wallace R. Weitz
& Company
Item 2(b). Principal Business Address of Persons Filing:
1125 South 103rd Street, Suite 600
Omaha, Nebraska 68124-6008
Item 2(c). Citizenship:
Wallace R. Weitz & Company - State of Nebraska
Wallace R. Weitz - Citizen of United States of America
Item 2(d). Title of Class of Securities:
Common Stock
Item 2(e). CUSIP Number:
734119100
Item 3. If this statement is filed pursuant to Rules 13d-1(b), or 13d-2(b),
check whether the person filing is a:
(e) Investment Adviser registered under Section 203 of the
Investment Advisers Act of 1940. This statement is
being filed by Wallace R. Weitz & Company ("Weitz &
Co.") as a registered investment adviser. All of the
securities reported in this statement are owned of
record by investment advisory clients of Weitz & Co.
and none are owned directly or indirectly by Weitz &
Co. As permitted by Rule 13d-4, the filing of this
statement shall not be construed as an admission that
Weitz & Co. is the beneficial owner of any of the
securities covered by the statement.
(g) Control Person. This statement is also being filed by
Wallace R. Weitz ("Weitz"), President and sole owner of
Weitz & Co. in the event he could be deemed to be an
indirect beneficial owner of the securities reported by
Weitz & Co. through the exercise of voting control and/or
dispositive power over the securities as a result of
his official positions or ownership of the voting
securities of Weitz & Co. Mr. Weitz does not own
directly or indirectly any securities covered by this
statement for his own account. As permitted by Rule
13d-4, the filing of this statement shall not be
construed as an admission that Mr. Weitz is the
beneficial owner of any of the securities covered by
this statement.
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Item 4. Ownership:
(a) Amount Beneficially Owned:
(i) Weitz & Co. 545,000 Shares
(ii) Weitz 545,000 Shares
(b) Percent of Class:
(i) Weitz & Co. 11.4%
(ii) Weitz 11.4%
(c) Number of Shares as to which such person has:
(I) sole power to direct vote:
(i) Weitz & Co. 545,000
(ii) Weitz 0
(II) shared power to direct vote:
(i) Weitz & Co. 545,000
(ii) Weitz 545,000
(III)sole power to dispose:
(i) Weitz & Co. 545,000
(ii) Weitz 0
(IV) shared power to dispose:
(i) Weitz & Co. 545,000
(ii) Weitz 545,000
Item 5. Ownership of Five Percent or Less of a Class.
N/A
Item 6. Ownership of More Than Five Percent on Behalf of Another Person.
Weitz Series Fund, Inc.-Value Fund, a registered investment
company is the record owner of 244,000 shares of the Issuer as
of May 31, 2000, representing 5.1% of the Issuer's shares.
Weitz Partners, Inc.-Partners Value Fund, a registered
investment company, is the record owner of 243,000 shares of
the Issuer as of May 31, 2000, representing 5.1% of the
Issuer's shares. Weitz & Co. has the sole power to vote or
direct the vote of the securities covered by this statement.
Item 7. Identification and Classification of the Subsidiary Which Acquired the
Security Being Reported on By Parent Holding Company.
N/A
Item 8. Identification and Classification of Members of the Group.
N/A
Item 9. Notice of Dissolution of Group.
N/A
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Item 10. Certification.
By signing below I certify that, to the best of my knowledge and
belief, the securities referred to above were acquired in the ordinary
course of business and were not acquired for the purpose of and do not
have the effect of changing or influencing the control of the issuer of
such securities and were not acquired in connection with or as a
participant in any transaction having such purposes or effect.
After reasonable inquiry and to the best of my knowledge and belief, I
certify that the information set forth in this statement is true,
complete and correct.
Date : June 9, 2000
WALLACE R. WEITZ & COMPANY
By: /s/ Wallace R. Weitz
Name: Wallace R. Weitz
Title: President
WALLACE R. WEITZ
(Individually)
/s/ Wallace R. Weitz
Joint Filing Agreement
In accordance with Rule 13d-1 (k) under the Securities Exchange Act of 1934, the
persons or entities named below agree to the joint filing on behalf of each of
them of this Schedule 13G with respect to the securities of the Issuer and
further agree that this joint filing agreement be included as an exhibit to this
Schedule 13G. In evidence thereof, the undersigned hereby execute this agreement
as of the 9th day of June, 2000.
WALLACE R. WEITZ & COMPANY
By: /s/ Wallace R. Weitz
Name: Wallace R. Weitz
Title: President
WALLACE R. WEITZ
(Individually)
/s/ Wallace R. Weitz
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