Longleaf Partners Small-Cap Fund 2024 Annual Commentary
2025-01-21 11:23:00 ET
Summary
- Longleaf Partners Small-Cap Fund returned -1.58% in the fourth quarter while the Russell 3000 returned 2.63%.
- The most surprising thing to us about the 2017-2019 era in retrospect is how little happened that moved markets.
- With the Fund’s price-to-value ratio in the high-60s%, we believe there is substantial opportunity in the portfolio today.
Fund Characteristics
P/V Ratio | High-60s% |
Cash | 12.6% |
# of Holdings | 18 |
All data as of December 31, 2024
Annualized Total Return | ||||||
4Q | 1 Year | 3 Year | 5 Year | 10 Year | Since Inception | |
(%) | (%) | (%) | (%) | (%) | (%) | |
Small-Cap Fund | -1.58 | 9.69 | 2.09 | 4.26 | 5.45 | 9.75 |
Russell 3000 | 2.63 | 23.81 | 8.01 | 13.86 | 12.55 | 10.88 |
Russell 2000 | 0.33 | 11.54 | 1.24 | 7.40 | 7.82 | 9.23 |
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Longleaf Partners Small-Cap Fund 2024 Annual CommentaryNASDAQ: GPAGF
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