Longleaf Partners, managed by Southeastern Asset Management, released its “Global Fund” second quarter 2023 investor letter. A copy of the same can be downloaded here. In the second quarter, the fund delivered a 3.21% return compared to the FTSE Developed Index’s 6.72% return. For the second half of the year, the fund delivered 18.53%. The portfolio’s lack of exposure to information technology and relative overexposure to consumer discretionary weighed on quarterly results. In...
