Nasdaq cratered and his large-cap flagship Longleaf Partners Fund ( LLPFX) was up 21% in 2000.
Longleaf Partners Small-Cap Fund has had a ten-year average return of 11.5% versus 8.5% for peers.
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General Motors (nyse: GM - news - people) makes up 6.2% of the Longleaf Partners Fund.
As the Nasdaq rose toward its peak early last year Longleaf Partners Funds' value portfolio sank 14% in two months.
Longleaf thought Carmike Cinemas' (nyse: CKE - news - people) presence in small towns would insulate it from overbuilding.
Longleaf visits 300 companies a year and buys into only a handful.
So you'll never see any Transaction Fee funds (so-called because investors must pay to buy them) from fine outfits like Vanguard, Longleaf, Northeast, Meridian and Berwyn.
Flying solo lately, young Thompson takes issue with such prominent elders in the value realm as James Gipson of Clipper Fund and Mason Hawkins of Longleaf Partners.
Longleaf unloaded the theater chain as it tottered toward bankruptcy.
Staley Cates , Longleaf's president and coportfolio manager.
At the Aiken County truck plant, 400 of the 560 acres are given up to mixed-pine forests, and the company has planted tens of thousands of native and threatened longleaf pines, which can grow to 90 feet.
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Chesapeake Energy, one of the biggest positions in their flagship mutual fund, Longleaf Partners, was hit by a barrage of negative publicity as its brash billionaire chief executive, Aubrey McClendon, came under fire for alleged self-dealing.
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Veteran fund picker Sheldon Jacobs, editor of the No-Load Fund Investor, is delighted with the boost his favorite international equity fund gave his model portfolios last month: Longleaf Partners International ( LLINX) was up 14.2% in April.
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