Latest news with #LongleafPartnersFund
Yahoo
21-04-2025
- Business
- Yahoo
IAC (IAC) Turned out to be Longleaf Partners Fund's Top Contributor in Q1
Longleaf Partners, managed by Southeastern Asset Management, released its 'Partners Fund' first quarter 2025 investor letter. A copy of the letter can be downloaded here. The fund returned -5.14% in the first quarter, compared to the S&P 500's -4.27% return and Russell 1000 Value's 2.14% return. The firm's stock price performance was volatile, but its confidence in future returns grew as the quarter progressed. The firm invested in quality companies that it thinks are strong and resilient to difficult circumstances. The portfolio has significantly outperformed the index, demonstrating this resiliency since the market peak on February 19th. The rise of its underlying value per share outpaced the performance of the stock price during the quarter. For more information on the fund's best picks in 2025, please check its top five holdings. In its first-quarter 2025 investor letter, Longleaf Partners Fund highlighted stocks such as IAC Inc. (NASDAQ:IAC). IAC Inc. (NASDAQ:IAC) is a media and internet company. The one-month return of IAC Inc. (NASDAQ:IAC) was -17.43%, and its shares lost 15.78% of their value over the last 52 weeks. On April 17, 2025, IAC Inc. (NASDAQ:IAC) stock closed at $33.02 per share with a market capitalization of $2.646 billion. Longleaf Partners Fund stated the following regarding IAC Inc. (NASDAQ:IAC) in its Q1 2025 investor letter: "IAC Inc. (NASDAQ:IAC) – Digital holding company IAC was another solid contributor for the quarter. In January, the company announced that former CEO Joey Levin would be shifting his focus to become Executive Chairman at IAC portfolio business Angi. Barry Diller is taking on a larger role at IAC while continuing to be its Chairman. Initially, the market reacted cautiously, but as the quarter went on, the potential benefits became clearer, especially in conjunction with the recently completed spin-off of Angi. During the quarter, we published our first Research Perspectives note that provides more details on our investment case for IAC." A modern digital device being used to access the content & services of the company. IAC Inc. (NASDAQ:IAC) is not on our list of 30 Most Popular Stocks Among Hedge Funds. As per our database, 54 hedge fund portfolios held IAC Inc. (NASDAQ:IAC) at the end of the fourth quarter which was 50 in the previous quarter. While we acknowledge the potential of IAC Inc. (NASDAQ:IAC) as an investment, our conviction lies in the belief that AI stocks hold greater promise for delivering higher returns, and doing so within a shorter timeframe. If you are looking for an AI stock that is as promising as NVIDIA but that trades at less than 5 times its earnings, check out our report about the cheapest AI stock. In another article, we covered IAC Inc. (NASDAQ:IAC) and shared the list of best communication and media stocks to buy according to analysts. IAC Inc. (NASDAQ:IAC) was a primary detractor from Longleaf Partners Fund's performance during both the past quarter and the year. In addition, please check out our hedge fund investor letters Q1 2025 page for more investor letters from hedge funds and other leading investors. READ NEXT: Michael Burry Is Selling These Stocks and A New Dawn Is Coming to US Stocks. Disclosure: None. This article is originally published at Insider Monkey. Sign in to access your portfolio
Yahoo
21-04-2025
- Business
- Yahoo
Longleaf Partners Fund Exited RTX Corporation (RTX) at a Gain
Longleaf Partners, managed by Southeastern Asset Management, released its 'Partners Fund' first quarter 2025 investor letter. A copy of the letter can be downloaded here. The fund returned -5.14% in the first quarter, compared to the S&P 500's -4.27% return and Russell 1000 Value's 2.14% return. The firm's stock price performance was volatile, but its confidence in future returns grew as the quarter progressed. The firm invested in quality companies that it thinks are strong and resilient to difficult circumstances. The portfolio has significantly outperformed the index, demonstrating this resiliency since the market peak on February 19th. The rise of its underlying value per share outpaced the performance of the stock price during the quarter. For more information on the fund's best picks in 2025, please check its top five holdings. In its first-quarter 2025 investor letter, Longleaf Partners Fund highlighted stocks such as RTX Corporation (NYSE:RTX). RTX Corporation (NYSE:RTX) is an aerospace and defense company. The one-month return of RTX Corporation (NYSE:RTX) was -4.15%, and its shares gained 27.98% of their value over the last 52 weeks. On April 17, 2025, RTX Corporation (NYSE:RTX) stock closed at $128.89 per share with a market capitalization of $172.08 billion. Longleaf Partners Fund stated the following regarding RTX Corporation (NYSE:RTX) in its Q1 2025 investor letter: "RTX Corporation (NYSE:RTX) – Aerospace and defense company RTX was a contributor this quarter. We purchased RTX at a significant discount in 2023 when concerns over Pratt & Whitney's Geared Turbofan (GTF) issues reached what turned out to be a point of max pessimism. We also were able to partner with great leaders in Greg Hayes & Chris Calio, who took advantage of this opportunity to repurchase a material amount of stock while improving operations. Just last quarter, we wrote how strong industry tailwinds, prudent capital allocation and a solid balance sheet provide a foundation for sustained growth and eventual full value recognition. That thesis played out this quarter, as the stock price traded through our value, and we exited our position at a gain." An aerial view of a commercial jetliner in flight, its airframe glinting in the sun. RTX Corporation (NYSE:RTX) is not on our list of 30 Most Popular Stocks Among Hedge Funds. As per our database, 80 hedge fund portfolios held RTX Corporation (NYSE:RTX) at the end of the fourth quarter which was 72 in the previous quarter. While we acknowledge the potential of RTX Corporation (NYSE:RTX) as an investment, our conviction lies in the belief that AI stocks hold greater promise for delivering higher returns, and doing so within a shorter timeframe. If you are looking for an AI stock that is as promising as NVIDIA but that trades at less than 5 times its earnings, check out our report about the cheapest AI stock. In another article, we covered RTX Corporation (NYSE:RTX) and shared the list of best robotics stocks to buy according to billionaires. RTX Corporation (NYSE:RTX) was a key contributor to the Longleaf Partners Fund's performance last year, supported by strong industry tailwinds, strategic capital allocation, and a solid balance sheet for sustained growth. In addition, please check out our hedge fund investor letters Q1 2025 page for more investor letters from hedge funds and other leading investors. READ NEXT: Michael Burry Is Selling These Stocks and A New Dawn Is Coming to US Stocks. Disclosure: None. This article is originally published at Insider Monkey.
Yahoo
21-04-2025
- Business
- Yahoo
Here are the Key Factors that Weighed on PVH Corp. (PVH) Stock Price
Longleaf Partners, managed by Southeastern Asset Management, released its 'Partners Fund' first quarter 2025 investor letter. A copy of the letter can be downloaded here. The fund returned -5.14% in the first quarter, compared to the S&P 500's -4.27% return and Russell 1000 Value's 2.14% return. The firm's stock price performance was volatile, but its confidence in future returns grew as the quarter progressed. The firm invested in quality companies that it thinks are strong and resilient to difficult circumstances. The portfolio has significantly outperformed the index, demonstrating this resiliency since the market peak on February 19th. The rise of its underlying value per share outpaced the performance of the stock price during the quarter. For more information on the fund's best picks in 2025, please check its top five holdings. In its first-quarter 2025 investor letter, Longleaf Partners Fund highlighted stocks such as PVH Corp. (NYSE:PVH). PVH Corp. (NYSE:PVH) is an apparel company. The one-month return of PVH Corp. (NYSE:PVH) was 6.31%, and its shares lost 35.17% of their value over the last 52 weeks. On April 17, 2025, PVH Corp. (NYSE:PVH) stock closed at $68.92 per share with a market capitalization of $3.63 billion. Longleaf Partners Fund stated the following regarding PVH Corp. (NYSE:PVH) in its Q1 2025 investor letter: "PVH Corp. (NYSE:PVH)– Global apparel brand PVH was a detractor for the quarter. Two key factors weighed on the stock price. First, consumer discretionary spending faced broad pressure, and PVH was no exception. Second, China placed PVH on its restricted list as trade tensions and tariff rhetoric between the US and China escalated throughout the quarter. PVH has done nothing wrong but was unfortunately selected instead of other companies in its industry. After the end of the quarter, PVH reported solid, flattish results in this tough environment and a new accelerated share repurchase authorization that led to the stock reacting nicely. The company still trades at a mid single-digit multiple of FCF that can grow, and our great partner Stefan Larsson is focused on closing this price to value gap." A customer trying on a sports jacket in-store, showcasing the company's sportswear range. PVH Corp. (NYSE:PVH) is not on our list of 30 Most Popular Stocks Among Hedge Funds. As per our database, 28 hedge fund portfolios held PVH Corp. (NYSE:PVH) at the end of the fourth quarter which was 27 in the previous quarter. While we acknowledge the potential of PVH Corp. (NYSE:PVH) as an investment, our conviction lies in the belief that AI stocks hold greater promise for delivering higher returns, and doing so within a shorter timeframe. If you are looking for an AI stock that is as promising as NVIDIA but that trades at less than 5 times its earnings, check out our report about the cheapest AI stock. In another article, we covered PVH Corp. (NYSE:PVH) and shared the list of stocks Jim Cramer recently discussed. In addition, please check out our hedge fund investor letters Q1 2025 page for more investor letters from hedge funds and other leading investors. READ NEXT: Michael Burry Is Selling These Stocks and A New Dawn Is Coming to US Stocks. Disclosure: None. This article is originally published at Insider Monkey.
Yahoo
21-04-2025
- Business
- Yahoo
Longleaf Partners Fund Believes PayPal Holdings (PYPL) Has a Compelling Path Forward
Longleaf Partners, managed by Southeastern Asset Management, released its 'Partners Fund' first quarter 2025 investor letter. A copy of the letter can be downloaded here. The fund returned -5.14% in the first quarter, compared to the S&P 500's -4.27% return and Russell 1000 Value's 2.14% return. The firm's stock price performance was volatile, but its confidence in future returns grew as the quarter progressed. The firm invested in quality companies that it thinks are strong and resilient to difficult circumstances. The portfolio has significantly outperformed the index, demonstrating this resiliency since the market peak on February 19th. The rise of its underlying value per share outpaced the performance of the stock price during the quarter. For more information on the fund's best picks in 2025, please check its top five holdings. In its first-quarter 2025 investor letter, Longleaf Partners Fund highlighted stocks such as PayPal Holdings, Inc. (NASDAQ:PYPL). PayPal Holdings, Inc. (NASDAQ:PYPL) is a technology platform that enables digital payments. The one-month return of PayPal Holdings, Inc. (NASDAQ:PYPL) was -12.44%, and its shares lost 1.77% of their value over the last 52 weeks. On April 17, 2025, PayPal Holdings, Inc. (NASDAQ:PYPL) stock closed at $61.00 per share with a market capitalization of $60.344 billion. Longleaf Partners Fund stated the following regarding PayPal Holdings, Inc. (NASDAQ:PYPL) in its Q1 2025 investor letter: "PayPal Holdings, Inc. (NASDAQ:PYPL) – Digital payments platform PayPal was a detractor for the quarter. The stock price declined significantly more than the few percentage points decline in our appraisal value after mildly disappointing results. Growth was in the mid-single-digit range when the market was hoping for high-single-digits. While we trimmed part of our position early in the quarter, in hindsight a larger reduction would have been prudent. However, we continue to see a compelling path forward for this high-quality business, which is still not optimized under relatively new CEO Alex Chriss." A consumer in a cafe paying for goods using a mobile payment app. PayPal Holdings, Inc. (NASDAQ:PYPL) is not on our list of 30 Most Popular Stocks Among Hedge Funds. As per our database, 94 hedge fund portfolios held PayPal Holdings, Inc. (NASDAQ:PYPL) at the end of the fourth quarter which was 90 in the previous quarter. While we acknowledge the potential of PayPal Holdings, Inc. (NASDAQ:PYPL) as an investment, our conviction lies in the belief that AI stocks hold greater promise for delivering higher returns, and doing so within a shorter timeframe. If you are looking for an AI stock that is as promising as NVIDIA but that trades at less than 5 times its earnings, check out our report about the cheapest AI stock. In another article, we covered PayPal Holdings, Inc. (NASDAQ:PYPL) and shared Wedgewood Partners' views on the company. In addition, please check out our hedge fund investor letters Q1 2025 page for more investor letters from hedge funds and other leading investors. READ NEXT: Michael Burry Is Selling These Stocks and A New Dawn Is Coming to US Stocks. Disclosure: None. This article is originally published at Insider Monkey. Sign in to access your portfolio
Yahoo
21-04-2025
- Business
- Yahoo
Should You be Optimistic on Bio-Rad Laboratories's (BIO) Outlook?
Longleaf Partners, managed by Southeastern Asset Management, released its 'Partners Fund' first quarter 2025 investor letter. A copy of the letter can be downloaded here. The fund returned -5.14% in the first quarter, compared to the S&P 500's -4.27% return and Russell 1000 Value's 2.14% return. The firm's stock price performance was volatile, but its confidence in future returns grew as the quarter progressed. The firm invested in quality companies that it thinks are strong and resilient to difficult circumstances. The portfolio has significantly outperformed the index, demonstrating this resiliency since the market peak on February 19th. The rise of its underlying value per share outpaced the performance of the stock price during the quarter. For more information on the fund's best picks in 2025, please check its top five holdings. In its first-quarter 2025 investor letter, Longleaf Partners Fund highlighted stocks such as Bio-Rad Laboratories, Inc. (NYSE:BIO). Bio-Rad Laboratories, Inc. (NYSE:BIO) is a life science company that manufactures and distributes life science research and clinical diagnostic products. The one-month return of Bio-Rad Laboratories, Inc. (NYSE:BIO) was -6.40%, and its shares lost 15.24% of their value over the last 52 weeks. On April 17, 2025, Bio-Rad Laboratories, Inc. (NYSE:BIO) stock closed at $238.18 per share with a market capitalization of $6.691 billion. Longleaf Partners Fund stated the following regarding Bio-Rad Laboratories, Inc. (NYSE:BIO) in its Q1 2025 investor letter: "Bio-Rad Laboratories, Inc. (NYSE:BIO) – Life sciences company Bio-Rad detracted for the quarter. The company remains a stable business with growth potential. The quarter was a story of two halves. Early on, industry trends showed improvement after a period of normalization post-Covid, prompting us to trim on the back of price appreciation. However, later in the quarter, news of government funding cuts and a disappointing quarter of results weighed on the stock price. Despite this, we remain optimistic about Bio-Rad's outlook. Academic and government spending in the US accounts for only a low single-digit percentage of this company's revenue, even though public perception suggests otherwise. Meanwhile, the company has a net cash balance sheet, a large hidden asset in its Sartorius stake and a proven history of smart capital allocation." A scientist performing a blood test on a patient using life sciences tools & services. Bio-Rad Laboratories, Inc. (NYSE:BIO) is not on our list of 30 Most Popular Stocks Among Hedge Funds. As per our database, 42 hedge fund portfolios held Bio-Rad Laboratories, Inc. (NYSE:BIO) at the end of the fourth quarter which was 38 in the previous quarter. While we acknowledge the potential of Bio-Rad Laboratories, Inc. (NYSE:BIO) as an investment, our conviction lies in the belief that AI stocks hold greater promise for delivering higher returns, and doing so within a shorter timeframe. If you are looking for an AI stock that is as promising as NVIDIA but that trades at less than 5 times its earnings, check out our report about the cheapest AI stock. In addition, please check out our hedge fund investor letters Q1 2025 page for more investor letters from hedge funds and other leading investors. READ NEXT: Michael Burry Is Selling These Stocks and A New Dawn Is Coming to US Stocks. Disclosure: None. This article is originally published at Insider Monkey.
