Longleaf Partners, managed by Southeastern Asset Management, released its 2025 fourth-quarter investor letter, with a 3.35% return compared to the S&P 500’s 2.66% and the Russell 1000 Value Index’s 3.81% return. The firm faced challenges in 2025 with no standout performers, focusing on strengthening portfolio outcomes. The letter highlights stocks like IAC Inc. (NASDAQ:IAC) with a one-month return of -3.167% and a market cap of $3.167 billion. IAC, MGM Resorts, and Angi contributed strongly in 2025, focusing on value creation and strategic moves. IAC Inc. (NASDAQ:IAC) was not among the 30 most popular stocks among hedge funds, with 47 hedge fund portfolios holding it at the end of the third quarter.

Read more at Yahoo Finance: Longleaf Partners Fund’s Updates on IAC (IAC)