BATRA - Longleaf Partners Small-Cap Fund Q2 2025 Commentary

July, 22 2025 09:40 AM Liberty Media Corporation Series A Liberty Braves Common Stock

2025-07-22 09:40:00 ET

Fund Characteristics

P/V Ratio

High-60s%

Cash

11.0%

# of Holdings

All data as of June 30, 2025





Annualized Total Return



2Q
YTD
1 Year
3 Year
5 Year
10 Year
Since Inception
(%)
(%)
(%)
(%)
(%)
(%)
(%)
Small-Cap Fund
2.70
4.24
11.75
9.28
12.11
5.41
9.74
Russell 3000
10.99
5.75
15.30
19.08
15.96
12.96
10.90
Russell 2000
8.50
-1.78
7.68
10.00
10.04
7.12
9.04

Inception date 2/21/1989. Effective May 1, 2024, the Fund changed its broad-based securities market index to the Russell 3000 Index due to regulatory requirements. The Fund retained the Russell 2000 Index as a performance benchmark because it is more closely aligned with the Fund’s investment strategies and restrictions.

For further details see:

Longleaf Partners Small-Cap Fund Q2 2025 Commentary

Company Name:	Liberty Media Corporation Series A Liberty Braves Common Stock
Stock Symbol:	BATRA
Market:	NASDAQ
Website:	libertymedia.com

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