# EDGAR Filing Document

**Accession Number:** 0000806636
**File Stem:** 0000910472-26-008239
**Filing Date:** 2026-5
**Character Count:** 14126
**Document Hash:** bdc4ae01cbaa43e80940ae0e797fdf3d
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0000910472-26-008239.hdr.sgml**: 20260529

**ACCESSION NUMBER**: 0000910472-26-008239

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20260331

**FILED AS OF DATE**: 20260529

**DATE AS OF CHANGE**: 20260529

**PERIOD START**: 20261231

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** LONGLEAF PARTNERS FUNDS TRUST
- **CENTRAL INDEX KEY:** 0000806636

**ORGANIZATION NAME:**
- **EIN:** 000000000
- **STATE OF INCORPORATION:** TN
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** NPORT-P
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-04923
- **FILM NUMBER:** 261039468

**BUSINESS ADDRESS:**
- **STREET 1:** C/O SOUTHEASTERN ASSET MANAGEMENT
- **STREET 2:** 5100 POPLAR AVE, SUITE 2450
- **CITY:** MEMPHIS
- **STATE:** TN
- **ZIP:** 38137
- **BUSINESS PHONE:** 9017612474

**MAIL ADDRESS:**
- **STREET 1:** C/O SOUTHEASTERN ASSET MANAGEMENT
- **STREET 2:** 5100 POPLAR AVE, SUITE 2450
- **CITY:** MEMPHIS
- **STATE:** TN
- **ZIP:** 38137

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** SOUTHEASTERN ASSET MANAGEMENT FUNDS TRUST
- **DATE OF NAME CHANGE:** 19920703

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** SOUTHEASTERN ASSET MANAGEMENT VALUE TRUST
- **DATE OF NAME CHANGE:** 19881220

## Series and Classes Contracts Data

### Longleaf Partners Small-Cap Fund (Series ID: S000009312)

| Class ID   | Class Name                       | Ticker Symbol   |
|:---|:---|:---|
| C000025444 | Longleaf Partners Small-Cap Fund | llscx           |

## Nport-Ex

---

| | |
|:---|:---|
| Portfolio of Investments<br> **Longleaf Partners Small-Cap Fund**<br> **March 31, 2026** *(Unaudited)* | **/ 1** |

---

---

| | | | |
|:---|:---|:---|:---|
| **Common Stocks** | **Common Stocks** | **Common Stocks** | **Common Stocks** |
| | **Shares** | **Value** | **% of Net<br> Assets** |
| Beverages |  |  |  |
| &nbsp;&nbsp;&nbsp;Becle S.A.B. de C.V. (Mexico) | 57956215 | $52775692 | 7.6% |
| &nbsp;&nbsp;&nbsp;The Boston Beer Company, Inc. - Class A<sup>(a)</sup> | 118220 | 27237888 | 3.9 |
|  |  | 80013580 | 11.5 |
| Consumer Services |  |  |  |
| &nbsp;&nbsp;&nbsp;Graham Holdings Company - Class B | 31610 | 33419989 | 4.8 |
| Containers & Packaging |  |  |  |
| &nbsp;&nbsp;&nbsp;Clearwater Paper Corporation <sup>(a),(b)</sup> | 1522835 | 21898367 | 3.2 |
| Food |  |  |  |
| &nbsp;&nbsp;&nbsp;Dole PLC (Ireland) | 1930616 | 27588503 | 4.0 |
| &nbsp;&nbsp;&nbsp;Gruma, S.A.B. de C.V. - Class B (Mexico) | 1806547 | 33072671 | 4.8 |
|  |  | 60661174 | 8.8 |
| Insurance |  |  |  |
| &nbsp;&nbsp;&nbsp;White Mountains Insurance Group Ltd. (Bermuda) | 15233 | 33466292 | 4.8 |
| Internet Media & Services |  |  |  |
| &nbsp;&nbsp;&nbsp;TripAdvisor, Inc.<sup>(a)</sup> | 4591028 | 48940358 | 7.0 |
| Leisure Facilities & Services |  |  |  |
| &nbsp;&nbsp;&nbsp;Atlanta Braves Holdings, Inc. - Class C<sup>(a)</sup> | 669988 | 28608488 | 4.1 |
| Leisure Products |  |  |  |
| &nbsp;&nbsp;&nbsp;Mattel, Inc.<sup>(a)</sup> | 3258442 | 47345162 | 6.8 |
| Oil & Gas Producers |  |  |  |
| &nbsp;&nbsp;&nbsp;CNX Resources Corporation<sup>(a)</sup> | 1008283 | 38869310 | 5.6 |
| REITs |  |  |  |
| &nbsp;&nbsp;&nbsp;Alexander's, Inc. | 98861 | 23350968 | 3.4 |
| &nbsp;&nbsp;&nbsp;Empire State Realty Trust, Inc. – Class A | 6463155 | 33608406 | 4.8 |
| &nbsp;&nbsp;&nbsp;Rayonier, Inc. | 2729783 | 56288125 | 8.1 |
|  |  | 113247499 | 16.3 |
| Telecommunications |  |  |  |
| &nbsp;&nbsp;&nbsp;GCI Liberty, Inc. - Class A <sup>(a)</sup> | 80675 | 2972874 | 0.4 |
| &nbsp;&nbsp;&nbsp;GCI Liberty, Inc. - Class C <sup>(a)</sup> | 1318986 | 49079469 | 7.1 |
| &nbsp;&nbsp;&nbsp;Shenandoah Telecommunications Company <sup>(b)</sup> | 2935927 | 45271994 | 6.5 |
|  |  | 97324337 | 14.0 |
| **Total Common Stocks** (Cost $508,932,364) |  | 603794556 | 86.9 |

---

**/ 2**

---

| | | | |
|:---|:---|:---|:---|
| **Short-Term Obligations** | **Short-Term Obligations** | **Short-Term Obligations** | **Short-Term Obligations** |
| | **Principal <br> Amount** | **Value** | **% of Net<br> Assets** |
| Repurchase Agreement with State Street Bank, 2.97%, dated 03/31/2026, due 04/01/2026 Repurchase Price: $91,213,525 (Collateral: $93,030,120 U.S. Treasury Notes, 3.500% due 10/15/2028, Par $92,333,800) (Cost $91,206,000) | 91206000 | $91206000 | 13.1% |
| **Total Investments - (Cost $600,138,364)** |  | 695000556 | 100.0 |
| **Other Assets (Liabilities), Net** |  | 132860 | 0.0 <sup>(c)</sup> |
| **Net Assets** |  | $695133416 | 100.0% |

---

<sup>(a)</sup> *Non-income producing security.*

<sup>(b)</sup> *Affiliated security during the period.*

<sup>(c)</sup> *Amount represents less than 0.05%.*

Under Section 2(a)(3) of the 1940 Act, a portfolio company is defined as "affiliated" if a fund owns five percent or more of its voting stock during all or part of the period. Affiliated companies during the period ended March 31, 2026 were as follows:

---

| | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|
|  |<br>Shares at<br>3/31/26 |<br>Value at<br>12/31/25 |<br><br>Purchases |<br><br>Sales |<br><br>Dividends | Net Realized<br>Gain (Loss)<br>1/1/26 to<br>3/31/26 | Net Unrealized<br>Appreciation<br>(Depreciation)<br>1/1/26 to 3/31/26 |<br>Value at<br>3/31/26 |
| **Small Cap Fund** |  |  |  |  |  |  |  |  |
| **Common Stocks** |  |  |  |  |  |  |  |  |
| Clearwater Paper Corporation\* (Containers & Packaging) | 1522835 | $23991729 | $2096948 | $— | $— | $— | $(4190310) | $21898367 |
| Shenandoah Telecommunications Company (Telecommunications) | 2935927 | 33939316 |  |  |  |  | 11332678 | 45271994 |
|  |  | $57931045 | $2096948 |  |  |  | $7142368 | $67170361 |

---

\* *Non-income producing security*

## Form NPORT-P: Monthly Portfolio Investments Report

### NPORT-P: Part A: General Information

**Item A.1. Information about the Registrant.**

- **a. Name of Registrant:** Longleaf Partners Funds Trust

- **b. Investment Company Act file number:** 811-04923

- **c. CIK number of Registrant:** 0000806636

- **d. LEI of Registrant:** 549300TWJRJQNBNXO742

- **e. Address and telephone number of Registrant.**

  - **Street Address 1:** 155 Federal Street

  - **City:** Boston

  - **State:** MA

  - **Foreign country:** US

  - **Zip / Postal Code:** 02110

  - **Telephone number:** 901-761-2474

**Item A.2. Information about the Series.**

- **a. Name of Series:** Longleaf Partners Small Cap Fund

- **b. EDGAR series identifier (if any):** S000009312

- **c. LEI of Series:** 5493007I4VKNTV71RD52

**Item A.3. Reporting period.**

- **a. Date of fiscal year-end:** 2026-12-31

- **b. Date as of which information is reported:** 2026-03-31

**Item A.4. Final filing**

Does the Fund anticipate that this will be its final filing on Form N-PORT? **No**

### Fund Information

**Total Assets:** $695719057.09

**Total Liabilities:** $585640.80

**Net Assets:** $695133416.29

**Cash Not Reported:** $538.99

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000025444 | 1.58%                | -1.42%               | -2.85%               |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $424.38                  | $12198316.80                               |
| Month 2  | $5494925.47              | $-16024693.87                              |
| Month 3  | $3450461.46              | $-25187007.96                              |

### Schedule of Portfolio Investments

| Name                                 | Title                                   | Identifiers                                   | Payoff Profile   | Asset Category   | Issuer Category   | Country   |   Balance | Units   | Value (USD)   | % of Net Assets   | Maturity Date   | Coupon Type   | Annualized Rate (%)   | Restricted?   |   Fair Value Level | Lending Status   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| Alexanders Inc                       | Alexander's, Inc. REIT                  | CUSIP: 014752109<br>LEI: 549300TZM28P04U5R635 | Long             | EC               | CORP              | US        |     98861 | NS      | $23350968.20  | 3.36%             |  |  |  | No            |                  1 | On Loan: No      |
| Atlanta Braves Holdings Inc          | Atlanta Braves Holdings, Inc.           | CUSIP: 047726302<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    669988 | NS      | $28608487.60  | 4.12%             |  |  |  | No            |                  1 | On Loan: No      |
| Boston Beer Co Inc                   | Boston Beer Company, Inc. (The) Class A | CUSIP: 100557107<br>LEI: 529900Q02MQ0DCQNRM58 | Long             | EC               | CORP              | US        |    118220 | NS      | $27237888.00  | 3.92%             |  |  |  | No            |                  1 | On Loan: No      |
| CNX Resources Corporation            | CNX Resources Corporation               | CUSIP: 12653C108<br>LEI: 549300JK3KH8PWM3B226 | Long             | EC               | CORP              | US        |   1008283 | NS      | $38869309.65  | 5.59%             |  |  |  | No            |                  1 | On Loan: No      |
| Clearwater Paper Corporation         | Clearwater Paper Corporation            | CUSIP: 18538R103<br>LEI: 549300HCVV19GXN4P292 | Long             | EC               | CORP              | US        |   1522835 | NS      | $21898367.30  | 3.15%             |  |  |  | No            |                  1 | On Loan: No      |
| Gruma S.A.B.de C.V.                  | Gruma S.A.B. de C.V.                    | CUSIP: P4948K121<br>LEI: 5493000XJLJ6C4T0PG82 | Long             | EC               | CORP              | MX        |   1806547 | NS      | $33072670.54  | 4.76%             |  |  |  | No            |                  1 | On Loan: No      |
| Empire State Realty Trust Inc        | Empire State Realty Trust, Inc.         | CUSIP: 292104106<br>LEI: 549300VOKY1DUEQSB456 | Long             | EC               | CORP              | US        |   6463155 | NS      | $33608406.00  | 4.83%             |  |  |  | No            |                  1 | On Loan: No      |
| GCI Liberty Inc.                     | GCI Liberty, Inc. Series A              | CUSIP: 36164V602<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     80675 | NS      | $2972873.75   | 0.43%             |  |  |  | No            |                  1 | On Loan: No      |
| GCI Liberty Inc.                     | GCI Liberty, Inc. Series C              | CUSIP: 36164V800<br>LEI: N/A                  | Long             | EC               | CORP              | US        |   1318986 | NS      | $49079469.06  | 7.06%             |  |  |  | No            |                  1 | On Loan: No      |
| Graham Holdings Co                   | Graham Holdings Company Class B         | CUSIP: 384637104<br>LEI: 529900BOSCEEEMAFQJ29 | Long             | EC               | CORP              | US        |     31610 | NS      | $33419988.60  | 4.81%             |  |  |  | No            |                  1 | On Loan: No      |
| Mattel, Inc.                         | Mattel, Inc.                            | CUSIP: 577081102<br>LEI: 549300VELLG24KHTJ564 | Long             | EC               | CORP              | US        |   3258442 | NS      | $47345162.26  | 6.81%             |  |  |  | No            |                  1 | On Loan: No      |
| Rayonier Inc                         | Rayonier, Inc. REIT                     | CUSIP: 754907103<br>LEI: HGV8VDVNL0W6SF2U9C50 | Long             | EC               | CORP              | US        |   2729783 | NS      | $56288125.46  | 8.10%             |  |  |  | No            |                  1 | On Loan: No      |
| Shenandoah Telecommunications Co.    | Shenandoah Telecommunications Company   | CUSIP: 82312B106<br>LEI: 549300XH3H4OUKFPHS84 | Long             | EC               | CORP              | US        |   2935927 | NS      | $45271994.34  | 6.51%             |  |  |  | No            |                  1 | On Loan: No      |
| Tripadvisor Inc                      | TripAdvisor, Inc.                       | CUSIP: 896945201<br>LEI: 549300XVG45PT5BART17 | Long             | EC               | CORP              | US        |   4591028 | NS      | $48940358.48  | 7.04%             |  |  |  | No            |                  1 | On Loan: No      |
| Becle Sab DE CV                      | Becle S.A.B. de C.V.                    | CUSIP: P0929Y106<br>LEI: 529900JY55CZKMJLCE09 | Long             | EC               | CORP              | MX        |  57956215 | NS      | $52775692.25  | 7.59%             |  |  |  | No            |                  1 | On Loan: No      |
| Dole PLC                             | Dole plc                                | CUSIP: G27907107<br>LEI: 635400JUG5XJXOPPJJ47 | Long             | EC               | CORP              | IE        |   1930616 | NS      | $27588502.64  | 3.97%             |  |  |  | No            |                  1 | On Loan: No      |
| White Mountains Insurance Group Ltd. | White Mountains Insurance Group Ltd.    | CUSIP: G9618E107<br>LEI: 549300N3FL068JERBG02 | Long             | EC               | CORP              | US        |     15233 | NS      | $33466291.68  | 4.81%             |  |  |  | No            |                  1 | On Loan: No      |
| State Street Bank and Trust Company  | Repurchase agreement                    | CUSIP: N/A<br>LEI: N/A                        | Long             | RA               | CORP              | US        |  91206000 | PA      | $91206000.00  | 13.12%            |  |  |  | No            |                  2 | On Loan: No      |

### Signature

**Date Signed:** 2026-05-28

**Name of Applicant:** Ryan S. Hocker

**Signature:** Ryan S. Hocker

**Name of Signer:** Ryan S. Hocker

**Title:** Global Funds Treasurer