Longleaf Partners Global Fund Q1 Performance Insights
Written by Emily J. Thompson, Senior Investment Analyst
Updated: 9 hours ago
0mins
Source: seekingalpha
- Portfolio Performance: Longleaf Partners Global Fund ended Q1 2026 with a P/V in the mid-50s%, indicating relative stability and effectiveness of its investment strategy in the current market.
- Top Contributors: FedEx and Glanbia emerged as the fund's top contributors, suggesting these companies outperformed expectations in the current economic environment, thereby enhancing the fund's overall returns.
- Investment Adjustments: The fund did not initiate any new positions in Q1 but increased stakes in Canal+, Delivery Hero, and IDP Education, reflecting confidence in their long-term potential and market positioning.
- Exit Strategy: The fund exited investments in Bio-Rad Laboratories and Louis Hachette Group to focus on holdings with better qualitative and quantitative positioning, demonstrating its ongoing commitment to optimizing the investment portfolio.
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Analyst Views on DIS
Wall Street analysts forecast DIS stock price to rise
19 Analyst Rating
16 Buy
3 Hold
0 Sell
Strong Buy
Current: 106.290
Low
123.00
Averages
137.29
High
152.00
Current: 106.290
Low
123.00
Averages
137.29
High
152.00
About DIS
The Walt Disney Company is a diversified worldwide entertainment company. The Company's segments include Entertainment, Sports and Experiences. The Entertainment segment generally encompasses its non-sports focused global film and episodic content production and distribution activities. The lines of business within the Entertainment segment along with their business activities include Linear Networks, Direct-to-Consumer, and Content Sales/Licensing. The Sports segment encompasses its sports-focused global television and direct-to-consumer (DTC) video streaming content production and distribution activities. The lines of business within the Sports segment include ESPN and Star. The Experiences segment includes Parks and Experiences and Consumer Products. Parks and Experiences consists of Walt Disney World Resort in Florida, Disneyland Resort in California, Disney Cruise Line, and others. Consumer Products includes licensing of its trade names, characters, visual, literary and other IP.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
Longleaf Partners Global Fund Q1 Performance Insights
- Portfolio Performance: Longleaf Partners Global Fund ended Q1 2026 with a P/V in the mid-50s%, indicating relative stability and effectiveness of its investment strategy in the current market.
- Top Contributors: FedEx and Glanbia emerged as the fund's top contributors, suggesting these companies outperformed expectations in the current economic environment, thereby enhancing the fund's overall returns.
- Investment Adjustments: The fund did not initiate any new positions in Q1 but increased stakes in Canal+, Delivery Hero, and IDP Education, reflecting confidence in their long-term potential and market positioning.
- Exit Strategy: The fund exited investments in Bio-Rad Laboratories and Louis Hachette Group to focus on holdings with better qualitative and quantitative positioning, demonstrating its ongoing commitment to optimizing the investment portfolio.
See More
Market Dynamics: The Tug-of-War Between Bonds and Oil Prices
- Bond Market Stability: The slight decline in bond yields indicates a stable market outlook, which helps support the stock market, particularly amid oil price fluctuations, thereby reducing investor panic.
- Tech Stock Recovery: The so-called 'Magnificent Seven' tech companies, including Alphabet and Amazon, are beginning to reap benefits from their previous high expenditures, enhancing market confidence in their future profitability, which could drive further market gains.
- Rise of the AI Economy: The emergence of AI agents is expected to significantly reduce hiring and operational costs for enterprises, driving demand for chips like Nvidia's, which will further boost growth for related companies.
- Improved Investor Sentiment: Despite ongoing market uncertainties, the combination of low bond yields and strong performance from tech stocks fosters an optimistic outlook among investors, potentially attracting more capital into the stock market.
See More
Analysis of Alphabet's Future Growth Potential
- Core Business Stability: Alphabet's search segment achieved double-digit growth in 2025, with similar expectations for 2026, despite a slight decline in network revenue; this stable structure supports future investments and growth initiatives.
- Hidden Value of YouTube: YouTube generated over $40 billion in ad revenue last year, with total revenue exceeding $60 billion when including subscriptions, establishing itself as the largest streaming service globally and highlighting its critical role in the modern media landscape.
- Rapid Growth of Google Cloud: Google Cloud experienced a 48% revenue increase in the latest quarter, reaching $17.7 billion, with an operating margin nearing 30%, showcasing its potential as a growth engine for Alphabet, particularly amid rising demand for AI infrastructure.
- Investment Opportunities in Other Bets: Alphabet's ventures like Verily Health and Waymo are rapidly evolving, with Verily focusing on AI-driven precision health and Waymo expanding in autonomous driving, indicating significant market potential that could yield long-term benefits for the company.
See More
Analysis of Alphabet's Future Growth Potential
- Core Business Stability: Alphabet's search business is projected to achieve double-digit growth in 2025, while subscription platforms and devices have grown over 20%, indicating the company's ability to maintain stability in a rapidly changing market, ensuring future investment and growth potential.
- Advertising Revenue Growth: Alphabet's annual revenue has surpassed $400 billion for the first time, with search revenue hitting $63 billion in Q4, demonstrating the strength of its advertising engine and the enhancement of user engagement through AI-driven features, further solidifying its market leadership.
- Cloud Business Surge: Google Cloud experienced a 48% growth in the most recent quarter, reaching $17.7 billion in revenue with an operating margin nearing 30.1%, showcasing its strong growth potential amid surging demand for AI infrastructure, which could become a major revenue source for Alphabet in the future.
- Hidden Value of YouTube: YouTube's ad revenue exceeds $40 billion, with total revenue from subscriptions potentially reaching $60 billion, making it the largest streaming service globally, highlighting its significance and high-margin growth potential in the modern media landscape.
See More
Streaming Industry Weekly Recap Highlights Key Developments
- Netflix Q1 Earnings Miss: Netflix reported Q1 EPS of $1.23 on revenue of $12.25B, exceeding estimates but guiding Q2 EPS to only $0.78, below expectations, leading to a stock decline that reflects market concerns about future growth prospects.
- Roku Surpasses 100M Users: Roku announced it has surpassed 100 million streaming households globally, with CEO Anthony Wood stating this milestone will shape the future of television, highlighting the company's strong momentum and advertiser confidence in the streaming market.
- Creators Oppose Warner Deal: Over 1,000 writers, actors, and directors released a letter opposing Paramount's acquisition of Warner Bros. Discovery, arguing it would further consolidate the media landscape, reduce opportunities for creators, and impact industry diversity, showcasing strong industry resistance to mergers.
- Magnite Partners with AMC: Magnite announced a collaboration with AMC Global Media to provide a unified linear and streaming advertising solution via ClearLine, enabling advertisers to reach audiences more effectively, indicating ongoing innovation and market expansion in advertising technology.
See More
Disney Launches Infinity Vision Movie Format to Compete with IMAX
- New Movie Format Launch: Disney is set to unveil its Infinity Vision movie format on December 18, aiming to compete with IMAX and marking a significant innovation in cinema experiences.
- Technical Standards Requirement: To qualify for the “Infinity Vision” designation, theaters must have screens at least 50 feet wide, laser projection, and a Dolby 7.1 surround sound system, ensuring a high-quality viewing experience for audiences.
- Significant Market Potential: Approximately 5,500 movie screens globally meet the Infinity Vision criteria, which is more than three times the number of IMAX screens, providing Disney with a substantial market opportunity.
- Competitive Strategy Response: With IMAX occupied by the screening of Warner Bros.' Dune: Part Three during the opening weekend of Avengers: Doomsday, Disney's introduction of Infinity Vision aims to meet audience demand and enhance its competitive position in the market.
See More
Longleaf Partners Global Fund Q1 Performance Insights
- Portfolio Performance: Longleaf Partners Global Fund ended Q1 2026 with a P/V in the mid-50s%, indicating relative stability and effectiveness of its investment strategy in the current market.
- Top Contributors: FedEx and Glanbia emerged as the fund's top contributors, suggesting these companies outperformed expectations in the current economic environment, thereby enhancing the fund's overall returns.
- Investment Adjustments: The fund did not initiate any new positions in Q1 but increased stakes in Canal+, Delivery Hero, and IDP Education, reflecting confidence in their long-term potential and market positioning.
- Exit Strategy: The fund exited investments in Bio-Rad Laboratories and Louis Hachette Group to focus on holdings with better qualitative and quantitative positioning, demonstrating its ongoing commitment to optimizing the investment portfolio.
See More
Market Dynamics: The Tug-of-War Between Bonds and Oil Prices
- Bond Market Stability: The slight decline in bond yields indicates a stable market outlook, which helps support the stock market, particularly amid oil price fluctuations, thereby reducing investor panic.
- Tech Stock Recovery: The so-called 'Magnificent Seven' tech companies, including Alphabet and Amazon, are beginning to reap benefits from their previous high expenditures, enhancing market confidence in their future profitability, which could drive further market gains.
- Rise of the AI Economy: The emergence of AI agents is expected to significantly reduce hiring and operational costs for enterprises, driving demand for chips like Nvidia's, which will further boost growth for related companies.
- Improved Investor Sentiment: Despite ongoing market uncertainties, the combination of low bond yields and strong performance from tech stocks fosters an optimistic outlook among investors, potentially attracting more capital into the stock market.
See More
Analysis of Alphabet's Future Growth Potential
- Core Business Stability: Alphabet's search segment achieved double-digit growth in 2025, with similar expectations for 2026, despite a slight decline in network revenue; this stable structure supports future investments and growth initiatives.
- Hidden Value of YouTube: YouTube generated over $40 billion in ad revenue last year, with total revenue exceeding $60 billion when including subscriptions, establishing itself as the largest streaming service globally and highlighting its critical role in the modern media landscape.
- Rapid Growth of Google Cloud: Google Cloud experienced a 48% revenue increase in the latest quarter, reaching $17.7 billion, with an operating margin nearing 30%, showcasing its potential as a growth engine for Alphabet, particularly amid rising demand for AI infrastructure.
- Investment Opportunities in Other Bets: Alphabet's ventures like Verily Health and Waymo are rapidly evolving, with Verily focusing on AI-driven precision health and Waymo expanding in autonomous driving, indicating significant market potential that could yield long-term benefits for the company.
See More
Analysis of Alphabet's Future Growth Potential
- Core Business Stability: Alphabet's search business is projected to achieve double-digit growth in 2025, while subscription platforms and devices have grown over 20%, indicating the company's ability to maintain stability in a rapidly changing market, ensuring future investment and growth potential.
- Advertising Revenue Growth: Alphabet's annual revenue has surpassed $400 billion for the first time, with search revenue hitting $63 billion in Q4, demonstrating the strength of its advertising engine and the enhancement of user engagement through AI-driven features, further solidifying its market leadership.
- Cloud Business Surge: Google Cloud experienced a 48% growth in the most recent quarter, reaching $17.7 billion in revenue with an operating margin nearing 30.1%, showcasing its strong growth potential amid surging demand for AI infrastructure, which could become a major revenue source for Alphabet in the future.
- Hidden Value of YouTube: YouTube's ad revenue exceeds $40 billion, with total revenue from subscriptions potentially reaching $60 billion, making it the largest streaming service globally, highlighting its significance and high-margin growth potential in the modern media landscape.
See More
Streaming Industry Weekly Recap Highlights Key Developments
- Netflix Q1 Earnings Miss: Netflix reported Q1 EPS of $1.23 on revenue of $12.25B, exceeding estimates but guiding Q2 EPS to only $0.78, below expectations, leading to a stock decline that reflects market concerns about future growth prospects.
- Roku Surpasses 100M Users: Roku announced it has surpassed 100 million streaming households globally, with CEO Anthony Wood stating this milestone will shape the future of television, highlighting the company's strong momentum and advertiser confidence in the streaming market.
- Creators Oppose Warner Deal: Over 1,000 writers, actors, and directors released a letter opposing Paramount's acquisition of Warner Bros. Discovery, arguing it would further consolidate the media landscape, reduce opportunities for creators, and impact industry diversity, showcasing strong industry resistance to mergers.
- Magnite Partners with AMC: Magnite announced a collaboration with AMC Global Media to provide a unified linear and streaming advertising solution via ClearLine, enabling advertisers to reach audiences more effectively, indicating ongoing innovation and market expansion in advertising technology.
See More
Disney Launches Infinity Vision Movie Format to Compete with IMAX
- New Movie Format Launch: Disney is set to unveil its Infinity Vision movie format on December 18, aiming to compete with IMAX and marking a significant innovation in cinema experiences.
- Technical Standards Requirement: To qualify for the “Infinity Vision” designation, theaters must have screens at least 50 feet wide, laser projection, and a Dolby 7.1 surround sound system, ensuring a high-quality viewing experience for audiences.
- Significant Market Potential: Approximately 5,500 movie screens globally meet the Infinity Vision criteria, which is more than three times the number of IMAX screens, providing Disney with a substantial market opportunity.
- Competitive Strategy Response: With IMAX occupied by the screening of Warner Bros.' Dune: Part Three during the opening weekend of Avengers: Doomsday, Disney's introduction of Infinity Vision aims to meet audience demand and enhance its competitive position in the market.
See More
