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Longleaf Partners International Fund 2024 Annual Commentary

Source: SeekingAlpha

2025-01-21 12:53:00 ET

Summary

  • Longleaf Partners International Fund returned –11.20% in the fourth quarter and -1.99% for the year, trailing the relevant indexes.
  • The flow of capital towards the US drains incremental liquidity from other markets, which in real terms means a lack of marginal buyers for international equities.
  • During the quarter we purchased two new positions in the portfolio. The first is a French global digital services platform and the other is a Japanese contact lens manufacturer.

Fund Characteristics

P/V Ratio

High-60s%

Cash

3.7%

# of Holdings

29

All data as of December 31, 2024

Annualized Total Return

4Q (%)

1 Year (%)

3 Year (%)

5 Year (%)

10 Year (%)

Since Inception (%)

International Fund

-11.20

-1.99

-2.19

-1.74

2.75

5.80

FTSE Developed ex North America

-8.50

2.45

0.90

4.44

5.14

5.51

FTSE Developed ex North America Value

-7.57

4.36

2.92

4.31

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*Inception date 10/26/1998. The FTSE Developed ex North America Value Index began in September 2018. As such there is currently only a 5-year history for this index. ...

Read the full article on Seeking Alpha

For further details see:

Longleaf Partners International Fund 2024 Annual Commentary
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