LLSCX Performance — Longleaf Partners Small-Cap Fund
Data updated: 2026-08-31
LLSCX returned −5.12% year to date and −2.10% over one year to Jun 2026. Annualised returns are +7.56% over 3 years and +1.17% over 5 years. The fund trailed its US Small Value category average: $100 invested three years ago grew to $124, against $153 for the category, and to $98 over one year, against $131. Volatility over the past three years was 14.12% a year. In the 12 months to Jun 2026 the fund lost a net $20.9M, and assets reached $644.11M.
LLSCX Growth of $100
What $100 invested in Longleaf Partners Small-Cap 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 | LLSCX | Category average |
|---|---|---|
| 1 year (Jul 2025 – Jun 2026) | $98 | $131 |
| 3 years (Jul 2023 – Jun 2026) | $124 | $153 |
| 5 years (Jul 2021 – Jun 2026) | $106 | $149 |
| Since data start (Jul 2019 – Jun 2026) | $138 | $213 |
LLSCX Trailing Returns
Total returns to Jun 2026, from SEC N-PORT.
| Period | Total return |
|---|---|
| YTD | −5.12% |
| 1 year | −2.10% |
| 3 years (annualised) | +7.56% |
| 5 years (annualised) | +1.17% |
LLSCX Annual Returns
Calendar-year total returns of Longleaf Partners Small-Cap Fund, compounded from monthly SEC N-PORT returns. Partial years show the months covered.
| Year | Total return |
|---|---|
| 2026 (Jan–Jun) | −5.12% |
| 2025 | +7.56% |
| 2024 | +9.70% |
| 2023 | +20.16% |
| 2022 | −19.28% |
| 2021 | +11.18% |
| 2020 | +4.13% |
| 2019 (Jul–Dec) | +9.50% |
LLSCX 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 | +1.6% | −1.4% | −2.8% | +1.2% | −4.2% | +0.6% | — | — | — | — | — | — |
| 2025 | +2.0% | 0.0% | −0.5% | −3.7% | +5.1% | +1.5% | +0.6% | +2.2% | −0.7% | −0.7% | +2.0% | −0.2% |
| 2024 | +1.6% | +3.1% | +2.0% | −3.2% | +3.2% | −4.2% | +7.2% | −0.6% | +2.2% | −1.2% | +8.1% | −7.8% |
| 2023 | +11.4% | −5.6% | −0.9% | +0.5% | −1.8% | +5.1% | +8.3% | −4.3% | −3.2% | −5.5% | +9.6% | +7.0% |
| 2022 | −2.4% | −1.0% | +4.2% | −9.3% | +3.4% | −10.1% | +4.8% | −0.9% | −12.7% | +7.4% | 0.0% | −2.5% |
| 2021 | +5.0% | +4.2% | +2.2% | +1.0% | +1.6% | −0.7% | −2.1% | −0.9% | −1.3% | +2.4% | −3.8% | +3.5% |
| 2020 | −3.7% | −9.4% | −26.6% | +11.9% | +0.8% | +0.3% | +41.2% | −11.8% | −1.9% | −0.7% | +13.2% | +4.6% |
| 2019 | — | — | — | — | — | — | +1.9% | −4.7% | +3.1% | +2.6% | +2.3% | +4.2% |
LLSCX Risk
Risk measures from monthly returns over Jul 2023 – Jun 2026.
- 3-year volatility (annualised): 14.12%
- 3-year Sharpe ratio: 0.22 (vs 4.5% risk-free rate)
- Best month: +9.63% (Nov 2023)
- Worst month: −7.81% (Dec 2024)
LLSCX Fund Flows
Monthly money in and out of Longleaf Partners Small-Cap Fund, from SEC Form N-PORT.
- 12-month net flow: −$20.9M
- 12-month gross sales (incl. reinvestments): $114.3M
- Sales ÷ redemptions: 0.85×
| Month | Sales | Redemptions | Net flow |
|---|---|---|---|
| Jun 2026 | $487K | $16.6M | −$16.1M |
| May 2026 | $547K | $8.9M | −$8.4M |
| Apr 2026 | $479K | $10.0M | −$9.5M |
| Mar 2026 | $398K | $13.3M | −$12.9M |
| Feb 2026 | $861K | $22.7M | −$21.9M |
| Jan 2026 | $33.6M | $11.8M | $21.9M |
| Dec 2025 | $7.7M | $7.4M | $331K |
| Nov 2025 | $556K | $4.8M | −$4.2M |
| Oct 2025 | $604K | $22.9M | −$22.3M |
| Sep 2025 | $64.3M | $4.8M | $59.5M |
| Aug 2025 | $785K | $4.9M | −$4.2M |
| Jul 2025 | $4.0M | $7.2M | −$3.2M |
LLSCX Assets Under Management
Net assets of Longleaf Partners Small-Cap Fund by report date, from SEC N-PORT filings.
| Report date | Net assets |
|---|---|
| 2026-06-30 | $644.11M |
| 2026-03-31 | $695.13M |
| 2025-12-31 | $727.04M |
| 2025-09-30 | $753.59M |
| 2025-06-30 | $687.65M |
| 2025-03-31 | $667.60M |
| 2024-12-31 | $690.07M |
| 2024-09-30 | $741.38M |
| 2024-06-30 | $792.38M |
| 2024-03-31 | $865.31M |
| 2023-12-31 | $853.77M |
| 2023-09-30 | $840.53M |
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.