Longleaf Partners Fund Q2 2025 Commentary

Fund Characteristics

P/V Ratio

Low-60s%

Cash

18.2%

# of Holdings

19

Annualized Total Return

2Q

YTD

1 Year

3 Year

5 Year

10 Year

Since Inception

(%)

(%)

(%)

(%)

(%)

(%)

(%)

Partners Fund

5.33

-0.08

8.86

7.34

11.06

4.66

9.25

S&P 500

10.94

6.20

15.16

19.71

16.64

13.65

10.66

Russell 1000 Value

3.79

6.00

13.70

12.76

13.93

9.19

9.77