Longleaf Partners International Fund 2024 Annual Commentary
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 | -- | -- |
*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. ...
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