Marriott International is a huge portion of that Longleaf fund -- 10.7 percent as of June 30. Host Marriott comprises around 5 percent, and Hilton around 4 percent. If you've got 20 percent of your assets in hotels, and no one's traveling, you'll take a hit.
Quotes about longleaf (3 Quotes)
The money was used to reforest woodland areas, plant grass on fields that had a soil erosion problem, and to do controlled burns in longleaf pine stands to improve habitat for wildlife, ... The funding for 2006 hasn't been finalized yet. Last year we received 110,000.
I think it's a good long-term investment. They've got a ton of experience between Mason Hawkins and Stanley Cates, and the managers have significant portions of their own net worth in the Longleaf funds. They have every incentive to do right by their shareholders.