About LLSCX
The Longleaf Partners Small-Cap Fund is a mutual fund focused on achieving superior long-term capital growth by investing primarily in a concentrated portfolio of small-cap U.S. companies. Managed by Southeastern Asset Management, the fund typically holds between 18 to 22 high-conviction stocks selected according to strict "Business, People, Price" criteria—emphasizing strong business fundamentals, capable and shareholder-aligned management, and securities trading at significant discounts to intrinsic value. With a three-to-five-year investment horizon, the fund seeks to capitalize on market inefficiencies and short-term volatility, aiming to mitigate the risk of permanent capital loss. The portfolio is characterized by high active share, with top holdings accounting for a significant portion of assets and a notable allocation to cash during periods of limited opportunity. The fund invests across diverse industries, including energy, consumer, healthcare, and financials, and its management team actively engages with portfolio companies to drive long-term value creation. Since its inception in 1989, the Longleaf Partners Small-Cap Fund has maintained a disciplined value approach, playing a distinctive role for investors seeking concentrated exposure to U.S. small-cap value equities.
Fund Family Longleaf Partners
Category Small Blend
Performance Rating Low
Risk Rating Below Average
Stock Exchange Nasdaq
Ticker Symbol LLSCX
Index Russell 2000 TR
LLSCX had a total return of -7.97% in the past year, including dividends. Since the fund's
inception, the average annual return has been 9.51%.
