Longleaf Partners Global Fund 2024 Annual Commentary
Source: SeekingAlpha
2025-02-17 04:50:00 ET
Summary
- The Longleaf Partners Global Fund returned -6.68% in Q4 but achieved a 10.50% annual return, outperforming the FTSE Developed Value index.
- The fund's portfolio is divided into three groups: companies with recognized value growth, those on the verge of it, and newer holdings.
- Notable contributors include CNX Resources, Kellanova, Millicom, Prosus, and FIS, while detractors were Warner Bros. Discovery, MGM Resorts, Vivendi, Eurofins, and IAC.
- The fund is optimistic about 2025, focusing on undervalued global opportunities and maintaining a disciplined approach to portfolio management.
Fund Characteristics
P/V Ratio | Low-60s% |
Cash | 6.6% |
# of Holdings | 22 |
Annualized Total Return (All data as of December 31, 2024)
4Q (%) | 1 Year (%) | 3 Year (%) | 5 Year (%) | 10 Year (%) | Since Inception (%) | |
Global Fund | -6.68 | 10.50 | 0.88 | 2.84 | 4.30 | 5.20 |
FTSE Developed | -0.56 | 17.73 | 6.00 | 10.82 | 9.77 | 10.60 |
FTSE Developed Value | -4.70 | 8.86 | 4.12 | 5.84 | 6.62 | 7.63 |
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Longleaf Partners Global Fund 2024 Annual Commentary
Affiliated Managers Group Inc. 4.750% Junior Subordinated Notes due 2060
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