Longleaf Partners Small-Cap Fund Continues to Hold Tripadvisor (TRIP)
Key takeaways
- The Fund returned -2.72% in the quarter, outperforming the Russell 3000's -3.96% return and lagging the Russell 2000 Index's 0.89% and the Russell 2000 Value Index's 4.96% gains.
- In its first-quarter 2026 investor letter, Longleaf Partners Small-Cap Fund highlighted Tripadvisor, Inc.
- Longleaf Partners Small-Cap Fund stated the following regarding Tripadvisor, Inc.
Longleaf Partners Small-Cap Fund Continues to Hold Tripadvisor (TRIP) Soumya Eswaran Tue, June 30, 2026 at 7:34 PM GMT+7 3 min read TRIP ^RUT Longleaf Partners, managed by Southeastern Asset Management, released its first-quarter 2026 investor letter for its "Small-Cap Fund". A copy of the letter can be downloaded here. The Fund returned -2.72% in the quarter, outperforming the Russell 3000's -3.96% return and lagging the Russell 2000 Index's 0.89% and the Russell 2000 Value Index's 4.96% gains. The market experienced significant sector-wide movements in the quarter driven by perceptions surrounding AI outcomes, alongside complications from the conflict in Iran and escalating private credit risks. In addition, please check the Fund's top five holdings to know its best picks in 2026.
In its first-quarter 2026 investor letter, Longleaf Partners Small-Cap Fund highlighted Tripadvisor, Inc. (NASDAQ:TRIP). Tripadvisor, Inc. (NASDAQ:TRIP) is a US-based online travel company that offers travel guidance products and services, which negatively impacted the Fund's performance in that quarter. On June 29, 2026, Tripadvisor, Inc. (NASDAQ:TRIP) closed at $14.03 per share, reflecting a market capitalization of $1.63 billion. Tripadvisor, Inc. (NASDAQ:TRIP) posted a one-month return of 17.50%, and its shares gained 1.15% over the past 52 weeks.
Longleaf Partners Small-Cap Fund stated the following regarding Tripadvisor, Inc. (NASDAQ:TRIP) in its Q1 2026 investor letter: