2024-01-31 06:05:00 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.
- 2023 was a busy and productive year for our research team. We initiated eight new positions and added to two discounted existing holdings.
- We think it likely that 2024 will give us some volatility to put our cash to work and continue to improve our portfolio.
- Volatility won’t just help us improve our portfolios, it will help our existing investees grow their own value per share in ways that are unexpected and don't fit into a spreadsheet, again highlighting the importance of high-quality people who are on offense.
Fund Characteristics
P/V Ratio | High-60s% |
Cash | 12.9% |
# of Holdings | 20 |
All data as of December 31, 2023
Annualized Total Return | ||||||
Annualized Total Return | ||||||
4Q | 1 Year | 3 Year | 5 Year | 10 Year | Since Inception | |
(%) | (%) | (%) | (%) | (%) | (%) | |
Partners Fund | 7.99 | 24.49 | 5.70 | 8.42 | 3.86 | 9.38 |
S&P 500 | 11.69 | 26.29 | 10.00 | 15.69 | 12.03 | 10.26 |
Russell 1000 Value | 9.50 | 11.46 | 8.86 | 10.91 | 8.40 | 9.62 |
Read the full article on Seeking Alpha
For further details see:
Longleaf Partners Fund Q4 2023 Commentary