LLPFX Performance — Longleaf Partners Fund
Data updated: 2026-08-31
LLPFX returned −0.77% year to date and +2.22% over one year to Jun 2026. Annualised returns are +5.63% over 3 years and +1.23% over 5 years. The fund trailed its US Small Value category average: $100 invested three years ago grew to $118, against $153 for the category, and to $102 over one year, against $131. Volatility over the past three years was 13.71% a year. In the 12 months to Jun 2026 the fund lost a net $18.8M, and assets reached $1.06B.
LLPFX Growth of $100
What $100 invested in Longleaf Partners Fund grew to, compounded from monthly returns reported on SEC Form N-PORT, against the US Small Value category average over the same months.
| Period | LLPFX | Category average |
|---|---|---|
| 1 year (Jul 2025 – Jun 2026) | $102 | $131 |
| 3 years (Jul 2023 – Jun 2026) | $118 | $153 |
| 5 years (Jul 2021 – Jun 2026) | $106 | $149 |
| Since data start (Jul 2019 – Jun 2026) | $153 | $213 |
LLPFX Trailing Returns
Total returns to Jun 2026, from SEC N-PORT.
| Period | Total return |
|---|---|
| YTD | −0.77% |
| 1 year | +2.22% |
| 3 years (annualised) | +5.63% |
| 5 years (annualised) | +1.23% |
LLPFX Annual Returns
Calendar-year total returns of Longleaf Partners Fund, compounded from monthly SEC N-PORT returns. Partial years show the months covered.
| Year | Total return |
|---|---|
| 2026 (Jan–Jun) | −0.77% |
| 2025 | +2.93% |
| 2024 | +8.81% |
| 2023 | +24.51% |
| 2022 | −23.27% |
| 2021 | +23.59% |
| 2020 | +10.54% |
| 2019 (Jul–Dec) | +5.66% |
LLPFX Monthly Returns
Monthly total returns as reported on SEC Form N-PORT.
| Year | Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | +0.2% | +1.2% | −5.8% | +3.6% | −1.0% | +1.2% | — | — | — | — | — | — |
| 2025 | −0.3% | −1.9% | −2.9% | −3.0% | +6.0% | +2.4% | −0.2% | +3.2% | −3.2% | −0.6% | +5.2% | −1.2% |
| 2024 | −0.8% | +2.6% | +4.7% | −7.2% | +2.7% | −1.7% | +6.2% | +1.4% | +2.5% | +0.7% | +2.7% | −4.6% |
| 2023 | +15.2% | −3.9% | +0.8% | +0.2% | −3.4% | +8.7% | +6.3% | −2.6% | −5.1% | −6.5% | +8.0% | +6.9% |
| 2022 | −0.6% | −1.7% | +1.8% | −7.6% | +4.3% | −12.3% | +4.6% | −5.0% | −15.4% | +8.1% | +5.8% | −5.0% |
| 2021 | +2.8% | +10.2% | +4.3% | +1.3% | +3.3% | −0.3% | −2.4% | +0.7% | −4.0% | +4.5% | −2.9% | +4.7% |
| 2020 | −2.8% | −8.1% | −20.4% | +14.3% | +0.3% | +3.0% | +2.8% | +6.0% | −1.6% | −0.1% | +18.4% | +3.7% |
| 2019 | — | — | — | — | — | — | +2.1% | −7.6% | +2.7% | +3.7% | +2.1% | +3.0% |
LLPFX Risk
Risk measures from monthly returns over Jul 2023 – Jun 2026.
- 3-year volatility (annualised): 13.71%
- 3-year Sharpe ratio: 0.08 (vs 4.5% risk-free rate)
- Best month: +8.03% (Nov 2023)
- Worst month: −7.19% (Apr 2024)
LLPFX Fund Flows
Monthly money in and out of Longleaf Partners Fund, from SEC Form N-PORT.
- 12-month net flow: −$18.8M
- 12-month gross sales (incl. reinvestments): $155.8M
- Sales ÷ redemptions: 0.89×
| Month | Sales | Redemptions | Net flow |
|---|---|---|---|
| Jun 2026 | $148K | $9.7M | −$9.6M |
| May 2026 | $200K | $10.9M | −$10.7M |
| Apr 2026 | $313K | $9.5M | −$9.2M |
| Mar 2026 | $609K | $12.7M | −$12.1M |
| Feb 2026 | $757K | $9.7M | −$9.0M |
| Jan 2026 | $34.3M | $18.1M | $16.3M |
| Dec 2025 | $118.5M | $24.9M | $93.6M |
| Nov 2025 | $287K | $17.0M | −$16.7M |
| Oct 2025 | $278K | $22.2M | −$21.9M |
| Sep 2025 | $87K | $22.6M | −$22.5M |
| Aug 2025 | $193K | $7.6M | −$7.5M |
| Jul 2025 | $149K | $9.7M | −$9.5M |
LLPFX Assets Under Management
Net assets of Longleaf Partners Fund by report date, from SEC N-PORT filings.
| Report date | Net assets |
|---|---|
| 2026-06-30 | $1.06B |
| 2026-03-31 | $1.05B |
| 2025-12-31 | $1.10B |
| 2025-09-30 | $1.14B |
| 2025-06-30 | $1.18B |
| 2025-03-31 | $1.16B |
| 2024-12-31 | $1.27B |
| 2024-09-30 | $1.36B |
| 2024-06-30 | $1.27B |
| 2024-03-31 | $1.40B |
| 2023-12-31 | $1.37B |
| 2023-09-30 | $1.32B |
For information only. Not investment advice: figures are as reported in SEC filings and may contain errors or be out of date. Past performance does not guarantee future results.