Longleaf Partners Small-Cap Fund, managed by Southeastern Asset Management, saw a 1.13% return in Q4 2025, compared to 2.40% for the Russell 3000 Index. The Fund’s yearly return was 7.56%, showcasing strong performance in a volatile market. Check their top five holdings for insights into their successful picks in 2025.

Clearwater Paper Corporation (NYSE:CLW) was highlighted in Longleaf Partners Small-Cap Fund’s Q4 2025 investor letter. The stock experienced a one-month return of -17.07% and a 46.90% loss over 52 weeks. On February 24, 2026, Clearwater Paper Corporation (NYSE:CLW) closed at $14.38 per share with a market cap of $231.578 million.

Longleaf Partners Small-Cap Fund’s investor letter discussed Clearwater Paper Corporation (NYSE:CLW) in Q4 2025, stating the company faced challenges due to a weak market for solid bleached sulfate (SBS) paperboard. Despite this, management showed strong capital allocation and focus on share repurchase. The stock traded at a low multiple of growing mid-cycle FCF.

Clearwater Paper Corporation (NYSE:CLW) wasn’t among the 30 most popular stocks among hedge funds, with 17 portfolios holding it in Q4 2025. While the company shows investment potential, some AI stocks offer greater upside potential with less downside risk. Explore our free report on the best short-term AI stock for more insights.

Read more at Yahoo Finance: Does Clearwater Paper Corporation (CLW) Have the Potential to Grow Mid-Cycle FCF?