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.
The Longleaf Partners Small-Cap Fund underperformed the broader market in Q4 2024 but grew value per share over the full year. The managers maintain strong conviction in their concentrated portfolio of deeply discounted, cash-generative small-cap businesses. They believe the shift toward valuation discipline and active stock-picking will reward patient capital in an environment of higher interest rates and macro volatility.
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The Longleaf Partners Small-Cap Fund underperformed the broader market in Q4 2024 but grew value per share over the full year. The managers maintain strong conviction in their concentrated portfolio of deeply discounted, cash-generative small-cap businesses. They believe the shift toward valuation discipline and active stock-picking will reward patient capital in an environment of higher interest rates and macro volatility.
