Longleaf Partners Global Fund Q1 2026 Portfolio Review

During the quarter Longleaf Partners Global Fund had no new purchases and exited four holdings: Bio-Rad, Louis Hachette, Louisiana-Pacific and Walt Disney. Glanbia's shares held up well in a difficult market environment, though the stock continues to trade at undemanding multiples relative to global food and beverage staples peers. Delivery Hero reported largely inline FY25 results with FCF delivery stronger than our and street expectations.