PVH - Longleaf Partners Global Fund Q1 2024 Commentary
2024-04-24 09:05:00 ET
Summary
- Longleaf Partners Funds is a suite of mutual funds and UCITS funds that Southeastern Asset Management, the investment advisor to the Longleaf Partners Funds, created in 1987 as a way for Southeastern employees to invest alongside their clients.
- Longleaf Partners Global Fund returned 8.39% in the first quarter compared to the FTSE Developed index’s return of 8.63%.
- Our non-US companies contributed to portfolio returns through strong operational and financial results rather than any strong macro trends.
- We initiated two new positions in the quarter and added to six positions.
Fund Characteristics
| P/V Ratio |
| Mid-60s% |
| Cash |
| 5.8% |
| # of Holdings |
| 22 |
All data as of March 31, 2024
| Annualized Total Return |
| 1Q |
| 1 Year |
| 3 Year |
| 5 Year |
| 10 Year |
| Since Inception |
| (%) |
| (%) |
| (%) |
| (%) |
| (%) |
| (%) |
| Global Fund |
| 8.39 |
| 15.60 |
| -1.26 |
| 3.82 |
| 3.18 |
| 5.38 |
| FTSE Developed |
| 8.63 |
| 24.77 |
| 8.16 |
| 11.82 |
| 9.24 |
| 10.55 |
| FTSE Developed Value |
| 6.75 |
| 17.27 |
| 6.08 |
| 7.64 |
| 6.35 |
| 7.92 |