Southeastern Asset Management is a privately owned, global investment management firm founded in 1975 and the investment advisor to the Longleaf Partners Funds. We have consistently employed a time-tested value approach to long-only equity investing for over four decades with a long-term time horizon in strong businesses with good people at deeply discounted prices. We seek to reduce risk and deliver positive absolute returns for our investors over time.
Led by our CEO and Founder, Mason Hawkins, and President, Staley Cates, we invest across four mandates for our institutional clients: U.S. Large Cap, U.S. Small Cap, Non-U.S., and Global. Slightly over half of our total assets under management are in separately managed accounts for institutional clients, while the remainder is invested in the Longleaf Partners Funds, a suite of mutual funds and UCITS funds.
We created the Longleaf Partners Funds in 1987 to enable our employees to invest alongside our clients. This alignment of incentives is a critical element of the firm’s ethos and code of ethics still today. Collectively, Southeastern’s employees and affiliates are the largest shareholders in the Longleaf Funds.
Our concentrated portfolios include 18-22 positions of our highest-conviction ideas. We take a long-term view with our investments and select companies where we believe management is capable and shareholder-oriented, and engage with management to further enhance shareholder value.