WMG - Longleaf Partners Global Fund 2024 Annual Commentary
2025-02-17 04:50:00 ET
Summary
- The Longleaf Partners Global Fund returned -6.68% in Q4 but achieved a 10.50% annual return, outperforming the FTSE Developed Value index.
- The fund's portfolio is divided into three groups: companies with recognized value growth, those on the verge of it, and newer holdings.
- Notable contributors include CNX Resources, Kellanova, Millicom, Prosus, and FIS, while detractors were Warner Bros. Discovery, MGM Resorts, Vivendi, Eurofins, and IAC.
- The fund is optimistic about 2025, focusing on undervalued global opportunities and maintaining a disciplined approach to portfolio management.
Fund Characteristics
P/V Ratio |
Low-60s% |
Cash |
6.6% |
# of Holdings |
22 |
Annualized Total Return (All data as of December 31, 2024)
4Q (%) |
1 Year (%) |
3 Year (%) |
5 Year (%) |
10 Year (%) |
Since Inception (%) |
Global Fund |
-6.68 |
10.50 |
0.88 |
2.84 |
4.30 |
5.20 |
FTSE Developed |
-0.56 |
17.73 |
6.00 |
10.82 |
9.77 |
10.60 |
FTSE Developed Value |
-4.70 |
8.86 |
4.12 |
5.84 |
6.62 |
7.63 |