Published on 23 May 2024 on Insider Monkey via Yahoo Finance
Here’s Why Longleaf Partners Fund Sold Fairfax Financial Holdings Limited (FRFHF)
Longleaf Partners, managed by Southeastern Asset Management, released its “Partners Fund” first quarter 2024 investor letter. A copy of the letter can be downloaded here. The fund returned 6.60% in the first quarter, compared to S&P’s 10.56% return and Russell 1000 Value’s 8.99% return. Strong performance across the portfolio holdings delivered significant reruns in the quarter where value investing faced challenges compared to growth strategies. In addition, please check the fund’s top five holdings to know its best picks in 2024.
Longleaf Partners Fund highlighted stocks like Fairfax Financial Holdings Limited (OTC:FRFHF), in the first quarter 2024 investor letter. Fairfax Financial Holdings Limited (OTC:FRFHF) provides property and casualty insurance and reinsurance, and investment management services with a market capitalization of $26.62 billion. One-month return of Fairfax Financial Holdings Limited (OTC:FRFHF) was 5.21%, and its shares gained 59.52% of their value over the last 52 weeks. On May 20, 2024, Fairfax Financial Holdings Limited (OTC:FRFHF) stock closed at $1,138.94 per share.