2024-04-24 07:30:00 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 Fund returned 6.60% in the first quarter, ahead of our absolute annual return goal of inflation plus 10%.
- The portfolio’s relative overweight to Communication Services, higher than normal cash and lack of exposure to Information Technology weighed on relative results.
- We initiated one new position in the quarter and added to four positions. We exited two holdings while trimming several strong performers.
Fund Characteristics
P/V Ratio | High-60s% |
Cash | 15.7% |
# of Holdings | 19 |
All data as of March 31, 2024
Annualized Total Return | ||||||
Since | ||||||
1Q | 1 Year | 3 Year | 5 Year | 10 Year | Inception | |
(%) | (%) | (%) | (%) | (%) | (%) | |
Partners Fund | 6.60 | 18.84 | 2.11 | 7.37 | 4.49 | 9.51 |
S&P 500 | 10.56 | 29.88 | 11.49 | 15.05 | 12.96 | 10.49 |
Russell 1000 Value | 8.99 | 20.27 | 8.11 | 10.32 | 9.01 | 9.80 |
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For further details see:
Longleaf Partners Fund Q1 2024 Commentary