Asset Sale Announcement Boosted Alexander’s (ALX) Strategic Position
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 Alexander's, Inc.
- Longleaf Partners Small-Cap Fund stated the following regarding Alexander's, Inc.
Asset Sale Announcement Boosted Alexander’s (ALX) Strategic Position Soumya Eswaran Tue, June 30, 2026 at 7:35 PM GMT+7 3 min read ALX ^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 Alexander's, Inc. (NYSE:ALX). Alexander's, Inc. (NYSE:ALX) is a US based a real estate investment trust (REIT), that engages in leasing, managing, developing, and redeveloping properties. On June 29, 2026, Alexander's, Inc. (NYSE:ALX) closed at $281.55 per share, reflecting a market capitalization of $1.44 billion. Alexander's, Inc. (NYSE:ALX) posted a one-month return of 14.07%, and its shares gained 23.62% over the past 52 weeks.
Longleaf Partners Small-Cap Fund stated the following regarding Alexander's, Inc. (NYSE:ALX) in its Q1 2026 investor letter: