Investment Philosophy

We believe we can deliver superior long-term absolute returns and minimize risk of capital loss by owning equity securities in a portfolio of 18-22 competitively entrenched, well-managed businesses purchased at steep discounts to their intrinsic values.

Partnership Investing

Southeastern's employees and related entities are the largest owners across the Longleaf Partners Funds. Our Code of Ethics requires employees to use funds advised by Southeastern to own public equities unless granted an exception.

Competitive Advantages

• Proven Investment Discipline
  Thirty-seven years of successful results across multiple equity universes using the same in-depth, rigorous, research discipline to assess business value, quality, and management competence.
• Long-Term Investment Horizon
  Long-term stability to look beyond short-term market pressures and invest based on intrinsic business values because of being employee owned with like-minded clients.
• Corporate Management Insight and Access
  Superior insight and access provided by our extensive contacts, partnership record, and global presence.
• Cohesive Investment Team
  Consistent leadership and philosophy for over three decades guiding a single, global, multigenerational team.
• Aligned Partnership Approach
  Alignment of interests through our investment ownership requirement, our firm's independence, and our selection of stocks with vested management.