Longleaf Partners Portfolio - Dec 31, 2025

Published:
Last Updated:

Longleaf Partners, Mason Hawkins, has built a diversified portfolio of 49 publicly traded holdings with a total market value of $2.2B as of Dec 31, 2025. This comprehensive analysis examines the latest 13F filing data to understand the investment strategy and recent portfolio adjustments.

The portfolio demonstrates a diversified approach to stock selection, with the top holding representing 7.8% of the total portfolio value. The top 5 holdings account for 33.6% of the overall portfolio allocation.

Recent portfolio activity shows 10 significant position adjustments, indicating active portfolio management and strategic repositioning. These changes reflect the investor's response to market conditions and evolving investment thesis.

Portfolio Statistics

49
Total Holdings
$2.2B
Portfolio Value
Dec 31, 2025
Latest Filing
7.8%
Largest Position

Top Holdings Analysis

The portfolio's top holdings reveal the investor's core investment thesis and sector preferences. The largest position in CNX RES CORP (CNX) represents 7.8% of the total portfolio, valued at $174.1M.

Rank Symbol Company Value Portfolio % Change
1 CNX CNX RES CORP $174.1M 7.8% -0.4%
2 MAT MATTEL INC $170.0M 7.6% +5.0%
3 IAC IAC INC $156.0M 6.9% +44.1%
4 REGN REGENERON PHARMACEUTICALS $128.0M 5.7% +14.7%
5 PCH POTLATCHDELTIC CORPORATION $125.8M 5.6% +48.4%

For a complete analysis of all holdings and detailed portfolio breakdown by sector and market cap, visit our comprehensive holdings page.

Recent Portfolio Activity

Recent portfolio adjustments provide insights into the investor's evolving strategy and market outlook. The following table shows the top 10 most significant position changes from recent reporting periods (out of 161 total transactions), sorted by the magnitude of change.

For a complete history of all portfolio transactions and detailed activity analysis, visit our comprehensive activity page.

Symbol Company Quantity Change Date Action
AVTR Avantor, Inc. -1,600,902 Dec 31, 2025 SELL
ACI Albertsons Companies, Inc. +1,222,843 Dec 31, 2025 BUY
IAC IAC Inc. +1,221,829 Dec 31, 2025 BUY
RYN Rayonier Inc. REIT +1,182,216 Dec 31, 2025 BUY
ESRT Empire State Realty Trust, Inc. +1,074,096 Dec 31, 2025 BUY
PCH PotlatchDeltic Corporation - Co +1,031,209 Dec 31, 2025 BUY
KHC The Kraft Heinz Company +850,742 Dec 31, 2025 BUY
HTHT H World Group Limited -645,490 Dec 31, 2025 SELL
TRIP TripAdvisor, Inc. +493,273 Dec 31, 2025 BUY
SHEN Shenandoah Telecommunications C +492,056 Dec 31, 2025 BUY

Investment Strategy Insights

Longleaf Partners's investment approach can be analyzed through several key metrics. The portfolio's concentration in top holdings suggests a diversified investment strategy, with significant positions in companies that align with the investor's long-term thesis.

The largest position in CNX RES CORP (CNX) demonstrates strong conviction in this particular investment opportunity. Recent activity shows a decrease of 0.4% in this position, indicating active portfolio management and strategic positioning.

Portfolio turnover can be assessed through recent activity patterns. The 10 most significant transactions shown here (out of 161 total transactions) suggest a highly active approach to portfolio management, with frequent strategic adjustments and position changes.

Additional Analysis

Longleaf Partners's portfolio as of Dec 31, 2025 reflects a strategic approach to equity investing with 49 holdings valued at $2.2B. The concentrated position in CNX RES CORP and other top holdings demonstrates the investor's confidence in specific investment themes and long-term value creation opportunities. Recent activity indicates ongoing portfolio optimization and strategic repositioning.

For the most current portfolio data and detailed analysis, refer to the latest SEC 13F filings and our comprehensive holdings and activity pages, which are updated regularly with the latest filing information.

Other Investor Portfolios