Address And Details

6410 Poplar Ave, Ste 900 , Memphis, TN 38119
Fund Manager Team Managed
Manager Tenure

Strategy And Objective

Longleaf Partners Small-Cap Fund seeks long-term capital growth. The Fund seeks superior long-term performance by acquiring equity securities of a limited number of small-cap U.S. companies that we believe meet our qualitative and quantitative criteria: Strong businesses that are understandable, financially sound, competitively entrenched, and will generate growing free cash flow; Good management partners who are capable operators, responsible capital allocators, trustworthy, and shareholder-oriented; and Good price that is typically 60% or less of our conservative appraisal determined through fundamental financial analysis using disciplines weve applied over 44 years. We believe purchasing equities at prices substantially less than their intrinsic worth establishes a margin of safety that should protect capital from significant permanent loss and provide the opportunity for substantial appreciation if the market recognizes the companys value. We sell securities when they approach our appraisals, when we perceive a change in company fundamentals, a decline in attractiveness relative to other issues, or if the original reasons for purchase materially change.

Net Asset Value

as of 5:04 PM ET 10/22/2021

Performance

  • 1 Week
  • +1.12%
  • 1 Month
  • +3.28%
  • 3 Months
  • +2.58%
  • 1 Yr Return
  • +20.45%
  • 5 Yr Return
  • -12.15%

Equity Sector Breakdown

NonDurables 20.02%
Technology 17.80%
Finance 15.23%
Utilities 5.55%
Services 4.25%
Health 3.47%
ConsumerDurables n/a
Energy n/a
IndustrialCyclical n/a
RetailTrade n/a

Asset Allocation

Asset Type % Of Allocation
Stocks 76.45%
ForeignStocks 12.06%
Preferred 4.77%
Cash 0.00%
Bonds 0.00%
Convertible 0.00%
Other 0.00%
ForeignBonds 0.00%
ForeignHedged 0.00%
Total Net Assets 1.99 B

Risk Measures

Criteria 3 Years 5 Years 10 Years
Alpha -9.09 -7.90 -3.47
Beta 1.18 1.13 1.03
R Squared 0.42 0.41 0.44
Std Deviation 34.36 26.79 20.66
Sharpe Ratio 0.27 0.37 n/a

Purchase Information

as of 5:06 PM ET 10/21/2021
Minimum Initial $10000
Minimum Additional $0
Minimum Initial IRA $10000

Performance

Timeframe Average Annual Current Performance Monthly As Of 09/30/2021 Average Annual Current Performance Quarterly As Of 09/30/2021 Avg Annual Current Performance Monthly As Of 09/30/2021 Avg Annual Current Performance Quarterly As Of 09/30/2021
1 Year
  • +28.25%
  • +28.25%
+28.25% +28.25%
3 Year
  • +4.71%
  • +4.71%
+4.71% +4.71%
10 Year
  • +11.93%
  • +11.93%
+11.93% +11.93%
Life Of Fund
  • +10.50%
  • +10.50%
+10.50% +10.50%

Top 10 Holdings

Symbol Company Name % Of Assets
RLGY REALOGY HOLDINGS CORP 7.29%
MAT MATTEL INC 6.32%
ESRT EMPIRE STATE REALTY TRUST IN 6.19%
CNX CNX RESOURCES CORP 5.55%
GHC GRAHAM HOLDINGS COMPANY 5.26%
LAZ LAZARD LTD CL A 4.87%
KODK EASTMAN KODAK COMPANY 4.77%
GRUMAB.M GRUMA SA DE CV 4.58%
MSGS MADISON SQUARE GARDEN SPORTS 4.25%
RE EVEREST RE GROUP 4.17%

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