Longleaf Partners Shareholder Letter Q1 2018

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About: CNX Resources Corporation (CNX), PK, MAT, GE, CMCSA, WYNN, CHK, NMG, GHC, VSAT, OCIP, EXOSF, EXXRF, HKMPF, HKMPY, YUMC, LLGLX, LLINX, LLPFX, LLSCX, Includes: AGN, CEIX, CHKGF, CKHUF, CKHUY, CNHI, CTL, FDX, FRFHF, FRFXF, GOOG, GOOGL, HCMLF, HCMLY, UTX
by: Fund Letters
Summary

Includes detailed analysis of Longleaf Partners's positions in WYNN, CNX, MAT, GE, CMCSA, PK, CHK, NMG, GHC, VSAT, OCIP, EXOSF, EXXRF, HKMPF, HKMPY, YUMC.

Longleaf Partners Fund declined 2.61% in the first quarter, and the S&P 500 Index lost 0.76%.

The Partners Fund fell primarily due to pullbacks in several newer holdings and in businesses domiciled outside the U.S. In the last seven months, we have added five companies to the portfolio, two in 2018.

Editor's Note: This article discusses one or more securities that do not trade on a major U.S. exchange. Please be aware of the risks associated with these stocks.