Longleaf Partners 2011 Annual Letter to Shareholders – Still Very Long Dell and Chesapeake
Most interesting to me is their discussion of Chesapeake Energy, which has gone nowhere for a long time and is a stock I own personally.
Longleaf’s five largest positions in the Partners Fund per the end of the year are:
Dell (DELL) - 8.9%
Chesapeake (CHK) – 7.7%
Loews (L) – 6.6%
Aon (AON) – 6.1%
DirecTV (DTV) – 5.7%