Mason Hawkins - Longleaf Partners Portfolio
| Period Date | Mar 31, 2025 | |
| Filing Date | May 15, 2025 | |
| Total Stocks | 43 | |
| Portfolio Value | $1.88B |
Longleaf Partners Strategy Analysis
Investment Strategy Metrics
Key metrics revealing investment style, risk management, and performance characteristics
| Metric | Value | Category | Description |
|---|---|---|---|
| Holding Period | 2.3 years | Style | Average duration positions are maintained |
| Position Count | 60 | Style | Number of active positions in portfolio |
| Position Size | 1.6% | Risk | Typical allocation per position |
| Win Rate | 48.8% | Performance | Percentage of profitable positions |
| Average Return | 263.5% | Performance | Mean return across positions |
| Sharpe Ratio | 0.26 | Performance | Return per unit of risk taken |
Investment Case Study: CNX RES CORP (CNX)
9/30/2024 - 8/4/2025
Performance Metrics
Total Return: -11.75%
Holding Period: 308 days
Max Position Size: $201,022,106.00
Position Weight: 8.43%
Key Events
9/30/2024: DECREASE(-1,032,240.00 shares) @ $32.57
12/31/2024: DECREASE(-1,684,858.00 shares) @ $36.67
3/31/2025: INCREASE(299,034.00 shares) @ $31.48
Investment Thesis
Entry Context: Initial position established based on fundamental analysis
Sector Conditions: Favorable market conditions in the sector
Risk Factors:
- Market volatility
- Sector-specific risks
Key Learnings
- Position sizing is critical for portfolio management
- Important to monitor sector exposure