Longleaf Partners Small-Cap Fund’s Q3 2021 Investor Letter

Longleaf Partners Fund, a Memphis-based fund under Southeastern Asset Management, published its “Longleaf Partners Small-Cap Fund” third quarter 2021 investor letter – a copy of which can be downloaded here. Longleaf Partners Small-Cap Fund fell 4.20% in the third quarter, narrowly ahead of the Russell 2000 Index’s 4.36% decline in the period. The Fund has delivered positive absolute returns year-to-date, adding 9.10%, but it trails the Index’s 12.41% return for the year. You can take a look at the fund’s top 5 holdings to have an idea about their best picks for 2021.