<PAGE> PAGE 1
000 B000000 12/31/99
000 C000000 0000910031
000 D000000 N
000 E000000 NF
000 F000000 Y
000 G000000 N
000 H000000 N
000 I000000 3.0.a
000 J000000 A
001 A000000 WEITZ PARTNERS, INC.
001 B000000 811-7918
001 C000000 4023911980
002 A000000 1125 SOUTH 103 STREET, SUITE 600
002 B000000 OMAHA
002 C000000 NE
002 D010000 68124
002 D020000 6008
003 000000 N
004 000000 N
005 000000 N
006 000000 N
007 A000000 Y
007 B000000 1
007 C010100 1
007 C020100 PARTNERS VALUE FUND
007 C030100 N
007 C010200 2
007 C010300 3
007 C010400 4
007 C010500 5
007 C010600 6
007 C010700 7
007 C010800 8
007 C010900 9
007 C011000 10
008 A00AA01 WALLACE R. WEITZ & COMPANY
008 B00AA01 A
008 C00AA01 801-18819
008 D01AA01 OMAHA
008 D02AA01 NE
008 D03AA01 68124
008 D04AA01 6008
011 A00AA01 WEITZ SECURITIES, INC.
011 B00AA01 8-35603
011 C01AA01 OMAHA
011 C02AA01 NE
011 C03AA01 68124
011 C04AA01 6008
012 A00AA01 WALLACE R. WEITZ & COMPANY
012 B00AA01 84-1858
012 C01AA01 OMAHA
<PAGE> PAGE 2
012 C02AA01 NE
012 C03AA01 68124
012 C04AA01 6008
013 A00AA01 PRICEWATERHOUSECOOPERS, LLP
013 B01AA01 NEW YORK
013 B02AA01 NY
013 B03AA01 10036
013 B04AA01 2798
014 A00AA01 WEITZ SECURITIES, INC.
014 B00AA01 8-35603
015 A00AA01 NORWEST BANK MINNESOTA, N.A.
015 B00AA01 C
015 C01AA01 MINNEAPOLIS
015 C02AA01 MN
015 C03AA01 55479
015 C04AA01 0047
015 E01AA01 X
018 00AA00 Y
019 A00AA00 Y
019 B00AA00 5
019 C00AA00 WEITZFUNDS
020 A000001 CANTOR, FITZGERALD, & CO., INC.
020 B000001 95-1786286
020 C000001 192
020 A000002 GOLDMAN, SACHS & CO.
020 B000002 13-5108880
020 C000002 120
020 A000003 DONALDSON, LUFKIN & JENRETTE SECURITIES CORP.
020 B000003 13-2741792
020 C000003 97
020 A000004 JEFFRIES & COMPANY, INC.
020 B000004 95-2622900
020 C000004 77
020 A000005 NATIONSBANC MONTGOMERY SECURITIES
020 B000005 41-0451159
020 C000005 75
020 A000006 CAPITAL INSTITUTIONAL SERVICES, INC.
020 B000006 75-1565705
020 C000006 71
020 A000007 INSTINET CORP.
020 B000007 13-2596491
020 C000007 70
020 A000008 CIBC OPPENHEIMER CORP.
020 B000008 13-2798343
020 C000008 67
020 A000009 FRIEDMAN, BILLINGS, RAMSEY & CO.
020 B000009 52-1630477
020 C000009 49
020 A000010 FIRST BOSTON CORP.
020 B000010 13-5659485
020 C000010 41
<PAGE> PAGE 3
021 000000 1336
022 A000001 CRAIGIE INC.
022 B000001 54-0294670
022 C000001 249646
022 D000001 0
022 A000002 ABN-AMRO CHICAGO CORPORATION
022 B000002 13-3227945
022 C000002 192149
022 D000002 19951
022 A000003 FIRST TENNESSEE BANK
022 B000003 62-1166856
022 C000003 55878
022 D000003 0
022 A000004 VINING SPARKS
022 B000004 62-1445536
022 C000004 24396
022 D000004 0
022 A000005 FRIEDMAN, BILLINGS, RAMSEY & CO.
022 B000005 52-1630477
022 C000005 23016
022 D000005 0
022 A000006 NATIONSBANC MONTGOMERY SECURITIES
022 B000006 41-0451159
022 C000006 19054
022 D000006 1646
022 A000007 BUCKINGHAM RESEARCH GROUP, INC.
022 B000007 13-3134008
022 C000007 10919
022 D000007 3177
022 A000008 MERRILL LYNCH PIERCE FENNER & SMITH
022 B000008 13-5674085
022 C000008 4925
022 D000008 5407
022 A000009 GOLDMAN, SACHS & CO.
022 B000009 13-5108880
022 C000009 6309
022 D000009 0
022 A000010 SALOMON SMITH BARNEY
022 B000010 13-1912900
022 C000010 3991
022 D000010 0
023 C000000 610581
023 D000000 36459
026 A000000 N
026 B000000 Y
026 C000000 Y
026 D000000 Y
026 E000000 N
026 F000000 N
026 G010000 N
026 G020000 N
<PAGE> PAGE 4
026 H000000 N
027 000000 Y
029 00AA00 N
030 A00AA00 0
030 B00AA00 0.00
030 C00AA00 0.00
031 A00AA00 0
031 B00AA00 0
032 00AA00 0
033 00AA00 0
034 00AA00 N
035 00AA00 0
036 B00AA00 0
037 00AA00 N
038 00AA00 0
039 00AA00 N
040 00AA00 N
042 A00AA00 0
042 B00AA00 0
042 C00AA00 0
042 D00AA00 0
042 E00AA00 0
042 F00AA00 0
042 G00AA00 0
042 H00AA00 0
043 00AA00 0
044 00AA00 0
049 00AA00 N
050 00AA00 N
051 00AA00 N
052 00AA00 N
053 A00AA00 N
054 A00AA00 N
054 B00AA00 N
054 C00AA00 N
054 D00AA00 N
054 E00AA00 N
054 F00AA00 N
054 G00AA00 N
054 H00AA00 N
054 I00AA00 N
054 J00AA00 Y
054 K00AA00 N
054 L00AA00 N
054 M00AA00 Y
054 N00AA00 N
054 O00AA00 N
055 A00AA00 N
055 B00AA00 N
056 00AA00 Y
057 00AA00 N
<PAGE> PAGE 5
063 A00AA00 0
063 B00AA00 0.0
077 A000000 Y
077 B000000 Y
078 000000 N
080 A00AA00 ICI MUTUAL INSURANCE COMPANY
080 C00AA00 7500
081 A00AA00 Y
081 B00AA00 6
082 A00AA00 N
082 B00AA00 0
083 A00AA00 N
083 B00AA00 0
084 A00AA00 N
084 B00AA00 0
085 A00AA00 Y
085 B00AA00 N
086 A010000 0
086 A020000 0
086 B010000 0
086 B020000 0
086 C010000 0
086 C020000 0
086 D010000 0
086 D020000 0
086 E010000 0
086 E020000 0
086 F010000 0
086 F020000 0
024 000100 N
025 A000101 DELETE
025 D000101 0
025 A000102 DELETE
025 D000102 0
025 D000103 0
025 D000104 0
025 D000105 0
025 D000106 0
025 D000107 0
025 D000108 0
028 A010100 95248
028 A020100 0
028 A030100 0
028 A040100 18989
028 B010100 90360
028 B020100 0
028 B030100 0
028 B040100 30685
028 C010100 83663
028 C020100 0
028 C030100 0
<PAGE> PAGE 6
028 C040100 28456
028 D010100 58007
028 D020100 0
028 D030100 0
028 D040100 15234
028 E010100 86212
028 E020100 0
028 E030100 0
028 E040100 28029
028 F010100 84067
028 F020100 0
028 F030100 0
028 F040100 44241
028 G010100 497557
028 G020100 0
028 G030100 0
028 G040100 165634
028 H000100 0
045 000100 Y
046 000100 N
047 000100 Y
048 000100 1.000
048 A010100 0
048 A020100 0.000
048 B010100 0
048 B020100 0.000
048 C010100 0
048 C020100 0.000
048 D010100 0
048 D020100 0.000
048 E010100 0
048 E020100 0.000
048 F010100 0
048 F020100 0.000
048 G010100 0
048 G020100 0.000
048 H010100 0
048 H020100 0.000
048 I010100 0
048 I020100 0.000
048 J010100 0
048 J020100 0.000
048 K010100 0
048 K020100 0.000
058 A000100 N
059 000100 Y
060 A000100 N
060 B000100 N
061 000100 100000
062 A000100 N
062 B000100 0.0
<PAGE> PAGE 7
062 C000100 0.0
062 D000100 0.0
062 E000100 0.0
062 F000100 0.0
062 G000100 0.0
062 H000100 0.0
062 I000100 0.0
062 J000100 0.0
062 K000100 0.0
062 L000100 0.0
062 M000100 0.0
062 N000100 0.0
062 O000100 0.0
062 P000100 0.0
062 Q000100 0.0
062 R000100 0.0
066 A000100 Y
066 B000100 N
066 C000100 N
066 D000100 Y
066 E000100 N
066 F000100 N
066 G000100 N
067 000100 N
068 A000100 N
068 B000100 N
069 000100 N
070 A010100 N
070 A020100 N
070 B010100 Y
070 B020100 Y
070 C010100 Y
070 C020100 N
070 D010100 Y
070 D020100 N
070 E010100 N
070 E020100 N
070 F010100 N
070 F020100 N
070 G010100 N
070 G020100 N
070 H010100 N
070 H020100 N
070 I010100 N
070 I020100 N
070 J010100 Y
070 J020100 Y
070 K010100 Y
070 K020100 Y
070 L010100 Y
070 L020100 N
<PAGE> PAGE 8
070 M010100 Y
070 M020100 N
070 N010100 N
070 N020100 N
070 O010100 N
070 O020100 N
070 P010100 Y
070 P020100 Y
070 Q010100 N
070 Q020100 N
070 R010100 Y
070 R020100 Y
071 A000100 702537
071 B000100 151846
071 C000100 518166
071 D000100 29
072 A000100 12
072 B000100 11938
072 C000100 8729
072 D000100 0
072 E000100 0
072 F000100 7344
072 G000100 0
072 H000100 0
072 I000100 1102
072 J000100 60
072 K000100 41
072 L000100 59
072 M000100 6
072 N000100 318
072 O000100 0
072 P000100 2
072 Q000100 0
072 R000100 31
072 S000100 10
072 T000100 0
072 U000100 0
072 V000100 0
072 W000100 141
072 X000100 9114
072 Y000100 0
072 Z000100 11553
072AA000100 64745
072BB000100 2987
072CC010100 45164
072CC020100 0
072DD010100 11436
072DD020100 0
072EE000100 44229
073 A010100 0.1995
073 A020100 0.0000
<PAGE> PAGE 9
073 B000100 0.7944
073 C000100 0.0000
074 A000100 38426
074 B000100 0
074 C000100 231320
074 D000100 20148
074 E000100 2975
074 F000100 855363
074 G000100 0
074 H000100 0
074 I000100 25
074 J000100 0
074 K000100 0
074 L000100 3227
074 M000100 59
074 N000100 1151543
074 O000100 6761
074 P000100 1074
074 Q000100 0
074 R010100 0
074 R020100 0
074 R030100 18
074 R040100 316
074 S000100 0
074 T000100 1143374
074 U010100 57098
074 U020100 0
074 V010100 20.02
074 V020100 0.00
074 W000100 0.0000
074 X000100 1452
074 Y000100 0
075 A000100 0
075 B000100 732498
076 000100 0.00
SIGNATURE MARY BEERLING
TITLE VICE PRESIDENT
Report of Independent Accountants
To the Shareholders and
Board of Directors of
Weitz Partners, Inc.
In planning and performing our audit of the financial statements of the Weitz
Partners, Inc. -- Partners Value Fund, (the "Fund") for the year ended December
31, 1999, we considered its internal control, including control activities for
safeguarding securities, in order to determine our auditing procedures for the
purpose of expressing our opinion on the financial statements and to comply with
the requirements of Form N-SAR, not to provide assurance on internal control.
The management of the Fund is responsible for establishing and maintaining
internal control. In fulfilling this responsibility, estimates and judgments by
management are required to assess the expected benefits and related costs of
controls. Generally, controls that are relevant to an audit pertain to the
entity's objective of preparing financial statements for external purposes that
are fairly presented in conformity with generally accepted accounting
principles. Those controls include the safeguarding of assets against
unauthorized acquisition, use or disposition.
Because of inherent limitations in internal control, errors or fraud may occur
and not be detected. Also, projection of any evaluation of internal control to
future periods is subject to the risk that controls may become inadequate
because of changes in conditions or that the effectiveness of their design and
operation may deteriorate.
Our consideration of internal control would not necessarily disclose all matters
in internal control that might be material weaknesses under standards
established by the American Institute of Certified Public Accountants. A
material weakness is a condition in which the design or operation of one or more
of the internal control components does not reduce to a relatively low level the
risk that misstatements caused by error or fraud in amounts that would be
material in relation to the financial statements being audited may occur and not
be detected within a timely period by employees in the normal course of
performing their assigned functions. However, we noted no matters involving
internal control and its operation, including controls for safeguarding
securities, that we consider to be material weaknesses as defined above as of
December 31, 1999.
This report is intended solely for the information and use of the Board of
Directors, management and the Securities and Exchange Commission and is not
intended to be and should not be used by anyone other than these specified
parties.
PricewaterhouseCoopers LLP
New York, New York
January 14, 2000
<TABLE> <S> <C>
<ARTICLE> 6
<LEGEND>
THIS SCHEDULE CONTAINS SUMMARY FINANCIAL INFORMATION EXTRACTED FROM THE
FINANCIAL STATEMENTS INCLUDED IN THE COMPANY'S ANNUAL REPORT AND IS QUALIFIED IN
ITS ENTIRETY BY REFERENCE TO SUCH FINANCIAL STATEMENTS.
</LEGEND>
<SERIES>
<NUMBER> 1
<NAME> Weitz Partners Value Fund
<S> <C>
<PERIOD-TYPE> YEAR
<FISCAL-YEAR-END> DEC-31-1999
<PERIOD-START> JAN-01-1999
<PERIOD-END> DEC-31-1999
<INVESTMENTS-AT-COST> 1,031,967,975
<INVESTMENTS-AT-VALUE> 1,147,766,432
<RECEIVABLES> 3,227,465
<ASSETS-OTHER> 549,580
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 1,151,543,477
<PAYABLE-FOR-SECURITIES> 6,761,264
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 1,408,233
<TOTAL-LIABILITIES> 8,169,497
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 954,495,936
<SHARES-COMMON-STOCK> 57,097,899
<SHARES-COMMON-PRIOR> 16,538,775
<ACCUMULATED-NII-CURRENT> 11,432,373
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> 61,620,004
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 115,825,667
<NET-ASSETS> 1,143,373,980
<DIVIDEND-INCOME> 8,728,926
<INTEREST-INCOME> 11,937,500
<OTHER-INCOME> 0
<EXPENSES-NET> (9,113,815)
<NET-INVESTMENT-INCOME> 11,552,611
<REALIZED-GAINS-CURRENT> 61,757,740
<APPREC-INCREASE-CURRENT> 45,164,375
<NET-CHANGE-FROM-OPS> 118,474,726
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> (815,990)
<DISTRIBUTIONS-OF-GAINS> (22,157,574)
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 51,129,522
<NUMBER-OF-SHARES-REDEEMED> (11,692,545)
<SHARES-REINVESTED> 1,122,147
<NET-CHANGE-IN-ASSETS> 851,042,499
<ACCUMULATED-NII-PRIOR> 695,750
<ACCUMULATED-GAINS-PRIOR> 22,019,838
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 7,343,521
<INTEREST-EXPENSE> 2,041
<GROSS-EXPENSE> 9,113,815
<AVERAGE-NET-ASSETS> 732,498
<PER-SHARE-NAV-BEGIN> 17.68
<PER-SHARE-NII> .21
<PER-SHARE-GAIN-APPREC> 3.42
<PER-SHARE-DIVIDEND> (0.05)
<PER-SHARE-DISTRIBUTIONS> (1.24)
<RETURNS-OF-CAPITAL> 0
<PER-SHARE-NAV-END> 20.02
<EXPENSE-RATIO> 1.24
</TABLE>
