Longleaf Partners Fund’s Q2 2023 Investor Letter

Longleaf Partners, managed by Southeastern Asset Management, released its “Partners Fund” second quarter 2023 investor letter. A copy of the same can be downloaded here. The fund was 5.15% up in the second quarter, compared to S&P’s return of 8.74% and Russell 1000 Value’s 4.07% return. YTD, the fund returned 17.42% outperforming S&P 500’s 16.89% return. The portfolio’s lack of exposure to Information Technology and relative overweight to Consumer Discretionary weighed on the relative performance of the fund in the quarter. In addition, please check the fund’s top five holdings to know its best picks in 2023.