2024-07-27 14:45:00 ET
Summary
- Longleaf Partners Small-Cap Fund returned -4.24% in the second quarter, underperforming Russell 3000 and Russell 2000.
- Over 50% of the portfolio’s NAV is in at least 10 investments with heightened odds of value-realizing corporate events occurring over the next 6-12 months.
- The Fund’s objective has remained the same since its inception: to deliver long-term, double-digit absolute returns.
Fund Characteristics
P/V Ratio | Low-60s% |
Cash | 12.3% |
# of Holdings | 19 |
All data as of June 30, 2024
Annualized Total Return | |||||||
2Q | YTD | 1 Year | 3 Year | 5 Year | 10 Year | Since Inception | |
(%) | (%) | (%) | (%) | (%) | (%) | (%) | |
Small-Cap Fund | -4.24 | 2.32 | 13.73 | -1.04 | 4.7 | 5.03 | 9.68 |
Russell 3000 | 3.22 | 13.56 | 23.13 | 8.05 | 14.14 | 12.15 | 10.77 |
Russell 2000 | -3.28 | 1.73 | 10.06 | -2.58 | 6.94 | 7 | 9.08 |
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For further details see:
Longleaf Partners Small-Cap Fund Q2 2024 Commentary