Longleaf Small-Cap Fund Q2 sees gains from real estate and travel, Boston Beer drags performance.

In Q2 2026, Longleaf Small-Cap Fund saw positive contributions from New York real estate firms Alexander’s and Empire State Realty Trust, as well as travel company Tripadvisor. However, Boston Beer negatively impacted the quarter due to mixed short-term industry data affecting market sentiment. No new purchases or sales were made in the portfolio during this period, indicating a hold strategy amid market fluctuations. This update reflects the fund's steady approach in a volatile market environment.