Published on 8 Jul 2022 on Insider Monkey via Yahoo Finance
Longleaf Partners on Williams (WMB): “We Remain Confident in the Business”
Longleaf Partners Fund, a Memphis-based fund under Southeastern Asset Management, published its “Longleaf Partners Fund” first quarter 2022 investor letter – a copy of which can be downloaded here. Longleaf Partners Fund declined 0.53% in the first quarter, holding up better than the S&P 500, which fell 4.60%. In a volatile quarter for markets across the globe, its companies made solid progress across the board. Try to take some time looking at the fund’s top 5 holdings to be informed about their best picks for 2022.
In its Q1 2022 investor letter, Longleaf Partners Fund mentioned The Williams Companies, Inc. (NYSE:WMB) and explained its insights for the company. Founded in 1908, The Williams Companies, Inc. (NYSE:WMB) is a Tulsa, Oklahoma-based petroleum business company with a $37.9 billion market capitalization. The Williams Companies, Inc. (NYSE:WMB) delivered a 19.74% return since the beginning of the year, while its 12-month returns are up by 18.83%. The stock closed at $31.18 per share on July 07, 2022.
Here is what Longleaf Partners Fund has to say about The Williams Companies, Inc. (NYSE:WMB) in its Q1 2022 investor letter: