Browse the world's most comprehensive database of hedge fund investor letters, sorted by recent quarter. Access primary source research from leading institutional managers.
Browse the world's most comprehensive archive of hedge fund manager letters. Access primary source research from leading institutional managers, sorted by reporting period.
Longleaf Small-Cap Fund outperformed in Q3 as small-caps trade at steep discounts while mega-caps reach historic valuations. Strong performance from CNX Resources, Boston Beer, and Mattel offset weakness in Oscar Health and Westrock Coffee. Portfolio trades at low-60s% price-to-value ratio with 21 quality holdings positioned for relative outperformance.
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Longleaf Small-Cap Fund outperformed in Q3 as small-caps trade at steep discounts while mega-caps reach historic valuations. Strong performance from CNX Resources, Boston Beer, and Mattel offset weakness in Oscar Health and Westrock Coffee. Portfolio trades at low-60s% price-to-value ratio with 21 quality holdings positioned for relative outperformance.
