From Yahoo Finance: 2025-04-21 09:07:00

Longleaf Partners Fund, managed by Southeastern Asset Management, released its first quarter 2025 investor letter. The fund returned -5.14%, outperforming the S&P 500 and Russell 1000 Value. It invested in quality companies and saw stock price performance volatility, but underlying value per share grew. For more information on its top picks, check its top five holdings.

In the first quarter 2025 investor letter, Longleaf Partners Fund highlighted IAC Inc. (NASDAQ:IAC), a media and internet company. IAC Inc. (NASDAQ:IAC) had a one-month return of -17.43% and shares lost 15.78% over the last 52 weeks. On April 17, 2025, IAC Inc. (NASDAQ:IAC) stock closed at $33.02 per share with a market cap of $2.646 billion.

Longleaf Partners Fund noted positive developments for IAC Inc. (NASDAQ:IAC) in its Q1 2025 investor letter. Former CEO Joey Levin shifted focus to become Executive Chairman at IAC portfolio business Angi, with Barry Diller taking on a larger role. The market reacted cautiously, but potential benefits became clearer, especially post spin-off of Angi.

IAC Inc. (NASDAQ:IAC) is not among the 30 Most Popular Stocks Among Hedge Funds. However, 54 hedge fund portfolios held IAC Inc. (NASDAQ:IAC) at the end of the fourth quarter, up from 50 in the previous quarter. While IAC Inc. (NASDAQ:IAC) shows investment potential, the focus on AI stocks for higher returns remains, with an emphasis on a promising AI stock trading at less than 5 times its earnings.

Read more: IAC (IAC) Turned out to be Longleaf Partners Fund’s Top Contributor in Q1