Longleaf Partners Global Fund | Longleaf Partners Funds

Longleaf Partners Global Fund

Investment Objective

Longleaf Partners Global Fund seeks long-term capital growth. The Fund seeks to achieve this objective by investing primarily in US and non-US companies we believe to be significantly undervalued. Current income is not an objective.

Fund Information

  • The Fund normally invests at least 40% of its total assets in the equity securities of non-U.S. issuers throughout the world, which could include emerging market issuers, and may achieve its exposure to non-U.S. securities through investing in American depositary receipts (ADRs).
  • The Fund's unconstrained portfolio invests in companies of all market capitalizations and geographies.
  • The Fund is non-diversified under the federal securities laws and generally invests in 15 to 25 companies.
  • Benchmark index is MSCI World Index, though portfolio construction is 100% bottom-up.
  • Southeastern employees, related parties, and Longleaf trustees are the largest shareholder group with a collective investment of over $175 million.


Southeastern has managed all portfolios consistently for over four decades.

We adhere to the same Governing Principles.
We employ the same Investment Approach.
We follow the same Investment Process.

The total expense ratio for the Longleaf Partners Global Fund is 1.48% (gross) and 1.20% (net). The Global Fund’s expense ratio is subject to a fee waiver to the extent the Fund’s normal annual operating expenses exceed 1.20% of average annual net assets.

Fund Facts at 6/30/19

Inception Date December 27, 2012
Net Assets $0.3 billion
Expense Ratio (Gross/Net) 1.33%/1.20%*
5yr Avg Turnover 39%
Total Holdings 18
Wtd. Avg. Market Cap $63.7 billion
Minimum $10,000
Ticker LLGLX
CUSIP 543069504

Current Quarter Documents

Please find our current Fund Factsheet, Shareholder Letter and Quarterly Fund-Specific Commentary. The Quarterly Fund Commentary reviews performance, portfolio changes and opportunities within each fund. You can also find our fund commentary for all previous quarters here.

Fund Managers

O. Mason Hawkins, CFA

O. Mason Hawkins, CFA

Chairman, Principal

Southeastern since 1975
47 years investment experience
BA (Finance) University of Florida
MBA (Finance) University of Georgia

G. Staley Cates, CFA

G. Staley Cates, CFA

Vice-Chairman, Principal

Southeastern since 1986
33 years investment experience
BBA (Finance) University of Texas

Ross Glotzbach, CFA

Ross Glotzbach, CFA

CEO and Head of Research, Principal

Southeastern since 2004
16 years investment experience
BA (Economics) Princeton University

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