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          <ccc>XXXXXXXX</ccc>
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        <classId>C000025445</classId>
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      <regFileNumber>811-04923</regFileNumber>
      <regCik>0000806636</regCik>
      <regLei>549300TWJRJQNBNXO742</regLei>
      <regStreet1>155 Federal Street</regStreet1>
      <regStreet2>Suite 700</regStreet2>
      <regCity>Boston</regCity>
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      <regZipOrPostalCode>02110</regZipOrPostalCode>
      <regPhone>901-761-2474</regPhone>
      <seriesName>Longleaf Partners International Fund</seriesName>
      <seriesId>S000009313</seriesId>
      <seriesLei>5493001AYM37BTB85N59</seriesLei>
      <repPdEnd>2025-12-31</repPdEnd>
      <repPdDate>2025-06-30</repPdDate>
      <isFinalFiling>N</isFinalFiling>
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      <totLiabs>727509.46</totLiabs>
      <netAssets>728815839.18</netAssets>
      <assetsAttrMiscSec>0.00000000</assetsAttrMiscSec>
      <assetsInvested>0.00000000</assetsInvested>
      <amtPayOneYrBanksBorr>0.00000000</amtPayOneYrBanksBorr>
      <amtPayOneYrCtrldComp>0.00000000</amtPayOneYrCtrldComp>
      <amtPayOneYrOthAffil>0.00000000</amtPayOneYrOthAffil>
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      <amtPayAftOneYrBanksBorr>0.00000000</amtPayAftOneYrBanksBorr>
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      <standByCommit>0.00000000</standByCommit>
      <liquidPref>0.00000000</liquidPref>
      <cshNotRptdInCorD>250716.72</cshNotRptdInCorD>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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        <name>HDFC Bank Ltd.</name>
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        <invCountry>IN</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

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      <invstOrSec>
        <name>Prosus NV</name>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>Kansai Paint Co Ltd.</name>
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        <invCountry>JP</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>H World Group Ltd.</name>
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        <title>H World Group Ltd </title>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>State Street Bank and Trust Company</name>
        <lei>N/A</lei>
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        <identifiers>
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        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <repurchaseAgrmt>
          <transCat>Repurchase</transCat>
          <clearedCentCparty centralCounterparty="Fixed Income Clearing Corporation" isCleared="Y"/>
          <isTriParty>N</isTriParty>
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          <maturityDt>2025-07-01</maturityDt>
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              <invstCat>UST</invstCat>
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      <invstOrSec>
        <name>Accor SA</name>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Premier Foods PLC</name>
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        <title>Premier Foods PLC </title>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>Glanbia PLC</name>
        <lei>635400SRMCBHVMSKJS84</lei>
        <title>Glanbia plc </title>
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        <invCountry>IE</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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        <name>Delivery Hero SE</name>
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        <name>Gruma S.A.B.de C.V.</name>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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        <name>Edenred SA</name>
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        <title>EDENRED </title>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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        <name>Entain PLC</name>
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        <title>Entain PLC </title>
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        <name>Royal Philips NV</name>
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        <isRestrictedSec>N</isRestrictedSec>

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        <name>Allfunds Group Plc</name>
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        <isRestrictedSec>N</isRestrictedSec>

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        <name>Jollibee Foods Corp.</name>
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        <isRestrictedSec>N</isRestrictedSec>

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        <name>Samsonite Group SA</name>
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        <title>Samsonite International SA </title>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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        <name>Canal Plus SA</name>
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        <title>Canal+ S.A.DIR </title>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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        <name>Eurofins Scientific SE</name>
        <lei>529900JEHFM47DYY3S57</lei>
        <title>Eurofins Scientific </title>
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        <currencyConditional curCd="EUR" exchangeRt="0.84900000"/>
        <valUSD>32522324.58000000</valUSD>
        <pctVal>4.462351506601</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>FR</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Katitas Co Ltd.</name>
        <lei>N/A</lei>
        <title>Katitas Company, Ltd. </title>
        <cusip>J30978100</cusip>
        <identifiers>
          <isin value="JP3932950003"/>
        </identifiers>
        <balance>1091500.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="144.03000000"/>
        <valUSD>18911715.70000000</valUSD>
        <pctVal>2.594855199809</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Exor Nv</name>
        <lei>5493002ENHZ6NYET7405</lei>
        <title>Exor N.V. </title>
        <cusip>N3140A107</cusip>
        <identifiers>
          <isin value="NL0012059018"/>
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        <balance>293402.00000000</balance>
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        <currencyConditional curCd="EUR" exchangeRt="0.84900000"/>
        <valUSD>29615851.00000000</valUSD>
        <pctVal>4.063557541960</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>NL</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Treasury Wine Estates Ltd.</name>
        <lei>529900LVOPJGAX6ILK66</lei>
        <title>TREASURY WINE ESTATES LTD </title>
        <cusip>Q9194S107</cusip>
        <identifiers>
          <isin value="AU000000TWE9"/>
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        <balance>3328974.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="AUD" exchangeRt="1.51940000"/>
        <valUSD>17128195.66000000</valUSD>
        <pctVal>2.350140424948</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>AU</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Domino's Pizza Group PLC</name>
        <lei>213800Q6ZKHAOV48JL75</lei>
        <title>Domino's Pizza Group PLC </title>
        <cusip>G28113101</cusip>
        <identifiers>
          <isin value="GB00BYN59130"/>
        </identifiers>
        <balance>6907395.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="GBP" exchangeRt="0.72856000"/>
        <valUSD>24403803.02000000</valUSD>
        <pctVal>3.348418312019</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>GB</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Becle Sab DE CV</name>
        <lei>529900JY55CZKMJLCE09</lei>
        <title>Becle S.A.B. de C.V. </title>
        <cusip>P0929Y106</cusip>
        <identifiers>
          <isin value="MX01CU010003"/>
        </identifiers>
        <balance>16111093.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="MXN" exchangeRt="18.76780000"/>
        <valUSD>19521001.65000000</valUSD>
        <pctVal>2.678454638412</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>MX</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Melco Resorts &amp; Entertainment Ltd.</name>
        <lei>529900NRV6LBR3T6B421</lei>
        <title>Melco Resorts &amp; Entertainment Ltd. </title>
        <cusip>585464100</cusip>
        <identifiers>
          <isin value="US5854641009"/>
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        <balance>4078727.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>29489196.21000000</valUSD>
        <pctVal>4.046179380950</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>KY</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>H World Group Ltd.</name>
        <lei>549300Y5ML31FVN83730</lei>
        <title>H World Group Ltd. </title>
        <cusip>44332N106</cusip>
        <identifiers>
          <isin value="US44332N1063"/>
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        <balance>588001.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>19944993.92000000</valUSD>
        <pctVal>2.736630139987</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Menicon Co Ltd</name>
        <lei>3538000OOSRECSEX2327</lei>
        <title>Menicon Company Ltd. </title>
        <cusip>J4229M108</cusip>
        <identifiers>
          <isin value="JP3921270009"/>
        </identifiers>
        <balance>183500.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="144.03000000"/>
        <valUSD>1425650.91000000</valUSD>
        <pctVal>0.195611954812</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Medley Inc.</name>
        <lei>353800VX74BO9P8XHJ87</lei>
        <title>Medley Inc </title>
        <cusip>J41576109</cusip>
        <identifiers>
          <isin value="JP3921310003"/>
        </identifiers>
        <balance>831500.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="144.03000000"/>
        <valUSD>18275288.45000000</valUSD>
        <pctVal>2.507531734019</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Millicom International Cellular SA</name>
        <lei>549300CTHC1CP86P2G96</lei>
        <title>MILLICOM INTERNATIONAL CELLULAR S.A. </title>
        <cusip>L6388F110</cusip>
        <identifiers>
          <isin value="LU0038705702"/>
        </identifiers>
        <balance>596227.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>22340625.69000000</valUSD>
        <pctVal>3.065332075539</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>LU</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
    </invstOrSecs>
    <signature>
      <ncom:dateSigned>2025-08-27</ncom:dateSigned>
      <ncom:nameOfApplicant>Ryan S. Hocker</ncom:nameOfApplicant>
      <ncom:signature>Ryan S. Hocker</ncom:signature>
      <ncom:signerName>Ryan S. Hocker</ncom:signerName>
      <ncom:title>Global Funds Treasurer</ncom:title>
    </signature>
  </formData>
</edgarSubmission>
