WhaleCreep

Southeastern Asset Management (Mason Hawkins) 13F holdings, Q4 2011

Long-only investorSEC filingsCompare with another fundHoldings as of 2011-12-31, filed 2012-02-14

Southeastern Asset Management (Mason Hawkins) disclosed 43 US equity positions worth $12.8bn in its Q4 2011 13F filing. Its largest position is DELL INC at 12.3% of the reported book, followed by CHKEUR and L. Versus Q3 2011 it opened 3 new positions, added to 13, reduced 19 and exited 5.

$12.8bn
Reported equity book
Sum of the long US equity positions in the filing, at the values filed. Options are excluded.
43
Positions
Distinct securities in the equity book with a reported value above zero. Options are excluded.
12.3%
Largest position
The largest single position as a share of the reported equity book.
65.8%
Top 10 weight
The ten largest positions together, as a share of the reported equity book.
17
Effective positions
1 / HHI of portfolio weights: the number of equal-weight positions the book behaves like.
109
Quarters on file since Q1 1999
Quarters for which this manager's 13F holdings are on record.

Holdings

Against Q3 2011: 3 new, 13 added, 19 reduced, 5 exited

43 rows
DELL INC no ticker–12.3%$1.6bn107.62m−4.5%reduced
CHKEUR CHESAPEAKE ENERGY CORP–10.5%$1.3bn59.98m−1.1%reduced
L LOEWS CORPFinancial Services7.0%$895m23.78m−2.8%reduced
DIRECTV no ticker–6.9%$880m20.59m−13%reduced
DIS DISNEY WALT COCommunication Services6.4%$821m21.90m−0.6%reduced
TRV TRAVELERS COMPANIES INCFinancial Services4.9%$620m10.48m+20%added
CX CEMEX SAB DE CVBasic Materials4.6%$586m108.77m−2.1%reduced
FDX FEDEX CORPIndustrials4.6%$586m7.02m+6.7%added
Aon Corporation no ticker–4.6%$585m12.51m−1.1%reduced
LIBERTY INTERACTIVE CORP no ticker–4.1%$524m32.34m−4.8%reduced
YUM YUM BRANDS INCConsumer Cyclical3.9%$503m8.52m−31%reduced
BNY BANK OF NY MELLON CORPFinancial Services3.9%$495m24.87m+8.4%added
LEVEL 3 COMMUNICATIONS INC no ticker–3.4%$433m25.48m–new
KONINKLIJKE PHILIPS N V no ticker–3.4%$430m20.50m+4.0%added
InterContinental Hotels Group no ticker–2.6%$333m18.51m+86%added
TW TELECOM INC no ticker–2.5%$314m16.21m−2.5%reduced
EG EVEREST GROUP LTDFinancial Services2.4%$312m3.71m−5.4%reduced
MLM MARTIN MARIETTA MATLS INCBasic Materials2.4%$303m4.01m+12%added
ABT ABBOTT LABORATORIESHealthcare1.8%$232m4.13m−0.7%reduced
WILLIS GROUP HOLDINGS PUBLIC no ticker–1.4%$176m4.55m−11%reduced
SCI SERVICE CORP INTLConsumer Cyclical1.2%$151m14.20m−6.5%reduced
MKL MARKEL GROUP INCFinancial Services1.0%$127m306,508−8.8%reduced
Level 3 Communications Inc. Co CONV no ticker–0.9%$116m100.06m0.0%held
Vodafone Group Plc no ticker–0.7%$90.4m3.23m−6.7%reduced
VMC VULCAN MATLS COBasic Materials0.6%$80.8m2.05m−0.4%held
BEN FRANKLIN RESOURCES INCFinancial Services0.3%$42.9m446,606–new
IR INGERSOLL-RAND PLCIndustrials0.3%$40.4m1.33m+78%added
WEN The Wendy's CoConsumer Cyclical0.3%$34.6m6.46m+632%added
SAKS INC no ticker–0.3%$34.2m3.51m+958%added
LAMAR ADVERTISING CO no ticker–0.2%$30.8m1.12m+1218%added
The Washington Post Company no ticker–0.2%$26.8m71,096−8.0%reduced
TEXAS INDS INC no ticker–0.2%$21.0m682,8000.0%held
MUR MURPHY OIL CORPEnergy0.1%$13.2m236,315+72%added
BRK/B BERKSHIRE HATHAWAY INC DEL–0.08%$9.8m128,2000.0%held
Level 3 Communications Inc. Co CONV no ticker–0.07%$9.6m8.00m0.0%held
DIN DINE BRANDS GLOBAL INCConsumer Cyclical0.04%$5.3m126,400−18%reduced
Cemex Convertible Bond 4.875 3 CONV no ticker–0.04%$4.9m7.50m–new
MADISON SQUARE GARDEN CO no ticker–0.02%$2.0m71,5000.0%held
SNI SCRIPPS NETWORKS INTERACT IN–0.01%$1.7m41,000+24%added
MTN VAIL RESORTS INCConsumer Cyclical0.01%$1.6m37,0000.0%held
DDS DILLARDS INCConsumer Cyclical0.01%$1.5m33,000−30%reduced
QUICKSILVER RESOURCES INC no ticker–0.01%$1.5m217,000+53%added
PCH POTLATCHDELTIC CORPORATION–0.01%$1.2m38,1420.0%held

Exited since Q3 2011

5 rows
News Corporation no ticker3.8%$466m
Level 3 Communications Inc no ticker2.9%$359m
Global Crossing Ltd no ticker1.8%$229m
Telephone and Data Systems Inc no ticker0.2%$18.9m
FICO FAIR ISAAC CORP0.02%$2.8m

Sector mix

  • Unclassified54.2%
  • Financial Services19.5%
  • Basic Materials7.6%
  • Communication Services6.4%
  • Consumer Cyclical5.4%
  • Industrials4.9%
  • Healthcare1.8%
  • Energy0.1%

Book over time

Every quarter on file (109)
QuarterPositionsEquity book
Q2 202647$1.9bn
Q1 202649$2.0bn
Q4 202553$2.2bn
Q3 202549$2.0bn
Q2 202549$2.0bn
Q1 202543$1.9bn
Q4 202444$2.1bn
Q3 202444$2.1bn
Q2 202446$2.3bn
Q1 202443$2.6bn
Q4 202345$2.6bn
Q3 202344$2.7bn
Q2 202343$2.8bn
Q1 202343$3.0bn
Q4 202240$2.9bn
Q3 202239$4.0bn
Q2 202237$4.7bn
Q1 202237$5.7bn
Q4 202135$6.0bn
Q3 202129$5.3bn
Q2 202124$5.0bn
Q1 202124$4.7bn
Q4 202025$4.5bn
Q3 202029$3.9bn
Q2 202029$4.0bn
Q1 202032$4.2bn
Q4 201929$6.0bn
Q3 201927$5.7bn
Q2 201928$6.1bn
Q1 201930$6.9bn
Q4 201833$7.0bn
Q3 201828$8.3bn
Q2 201829$8.9bn
Q1 201829$8.2bn
Q4 201731$8.1bn
Q3 201728$8.3bn
Q2 201729$9.1bn
Q1 201729$9.8bn
Q4 201631$10.4bn
Q3 201629$10.4bn
Q2 201631$9.8bn
Q1 201631$10.5bn
Q4 201531$11.1bn
Q3 201531$11.8bn
Q2 201528$14.9bn
Q1 201530$15.9bn
Q4 201428$17.4bn
Q3 201430$18.3bn
Q2 201427$18.8bn
Q1 201428$18.4bn
Q4 201333$20.4bn
Q3 201333$20.0bn
Q2 201337$20.3bn
Q1 201337$13.6bn
Q4 201249$13.4bn
Q3 201246$13.5bn
Q2 201247$13.7bn
Q1 201247$13.9bn
Q4 201143$12.8bn
Q3 201145$12.4bn
Q2 201143$15.0bn
Q1 201145$14.8bn
Q4 201045$14.4bn
Q3 201043$13.2bn
Q2 201041$11.9bn
Q1 201038$13.3bn
Q4 200939$13.3bn
Q3 200940$14.0bn
Q2 200941$11.8bn
Q1 200943$10.3bn
Q4 200845$10.6bn
Q3 200846$16.3bn
Q2 200845$18.5bn
Q1 200847$17.5bn
Q4 200752$19.3bn
Q3 200748$19.8bn
Q2 200745$19.5bn
Q1 200745$17.5bn
Q4 200645$17.0bn
Q3 200652$16.1bn
Q2 200647$15.0bn
Q1 200647$14.7bn
Q4 200549$14.3bn
Q3 200549$13.9bn
Q2 200548$12.4bn
Q1 200545$12.0bn
Q4 200443$11.6bn
Q3 200445$10.6bn
Q2 200443$9.9bn
Q1 200444$9.8bn
Q4 200346$9.5bn
Q3 200345$8.4bn
Q2 200349$9.1bn
Q1 200350$7.7bn
Q4 200270$9.7bn
Q3 200255$7.7bn
Q2 200253$8.3bn
Q1 200250$8.8bn
Q4 200154$8.4bn
Q3 200163$7.9bn
Q2 200160$8.4bn
Q1 200164$8.5bn
Q4 200068$8.9bn
Q3 200067$8.1bn
Q2 200071$7.6bn
Q4 199976$6.7bn
Q3 199973$6.7bn
Q2 199970$6.6bn
Q1 199969$6.4bn

Where Southeastern Asset Management (Mason Hawkins) was early

59 rows
MTN Vail Resorts Inc.Q2 19991 of 1700.1%2.0%33Exited by Q3 2016+668%
DEO Diageo PlcQ2 20001 of 931.2%1.2%27Exited by Q2 2011+114%
FDX FEDEX CORPQ2 20001 of 1985.6%11.2%105Held at last filing, Q2 2026+923%
GIS General MillsQ2 20001 of 1361.0%1.0%6Exited by Q4 2001+19%
DIS DISNEY WALT COQ3 20011 of 2532.4%9.9%49Exited by Q1 2026+519%
DOX Amdocs LtdQ2 20021 of 812.8%4.9%5Exited by Q3 2003+218%
YUM Yum! Brands IncQ2 20021 of 1566.1%10.8%39Exited by Q1 2012+303%
SJR/BEUR Shaw Communications IncQ2 20022 of 850.2%2.2%18Exited by Q4 2006+79%
VYX NCR CorpQ3 20021 of 1960.5%2.4%9Exited by Q4 2004+150%
CMCSA Comcast Corporation Cl AQ4 20021 of 2192.9%6.9%41Exited by Q1 2023+345%
ADP Automatic Data ProcessingQ1 20033 of 1481.5%1.6%4Exited by Q1 2004+29%
HAS Hasbro IncQ3 20042 of 1350.8%2.1%9Exited by Q3 2023+245%
EG Everest Re Group Ltd.Q4 20042 of 1151.3%3.9%55Exited by Q3 2021+181%
CX CEMEX S.A.B. de C.V. ADRQ4 20043 of 944.6%9.3%36Exited by Q4 2013−31%
SCI Service Corporation InternatioQ2 20053 of 1130.01%1.5%33Exited by Q3 2013+125%
PCH POTLATCHDELTIC CORPORATIONQ4 20051 of 830.0%5.6%46Exited by Q1 2026–
EBAY EBay IncQ3 20069 of 1860.4%5.5%12Exited by Q3 2009−40%
MKL Markel CorporationQ3 20072 of 1020.0%1.4%20Exited by Q3 2012−8.7%
SKM SK Telecom Co. LtdQ3 20072 of 651.4%1.7%5Exited by Q4 2008−37%
DDS Dillard's Inc.Q3 20075 of 1130.01%2.5%23Exited by Q2 2020+69%
CLW CLEARWATER PAPER CORPQ4 20084 of 670.03%1.3%6Held at last filing, Q2 2026+274%
BRK/A Berkshire Hathaway Inc. ClassQ1 20092 of 612.0%2.2%16Exited by Q4 2014+139%
BNY Bank of New York Mellon CorporQ4 20095 of 1541.7%7.0%22Exited by Q2 2015+44%
CPB Campbell Soup CompanyQ2 20102 of 1301.7%2.5%5Exited by Q3 2011−3.6%
L Loews CorporationQ2 20104 of 930.9%8.8%22Exited by Q4 2015+8.5%
MLM Martin Marietta Materials Inc.Q2 20108 of 1841.0%2.7%15Exited by Q1 2014+18%
TRV The Travelers Companies Inc.Q3 20101 of 1131.7%6.8%18Exited by Q1 2015+103%
VMC Vulcan Materials CompanyQ3 20106 of 1820.2%1.6%14Exited by Q1 2014+61%
ABT ABBOTT LABORATORIESQ1 20118 of 1810.3%4.0%17Held at last filing, Q2 2026+286%
MUR Murphy Oil CorporationQ3 20111 of 1090.05%5.1%17Exited by Q4 2015−37%
WEN Wendy's CompanyQ3 20112 of 1270.03%1.0%10Exited by Q1 2014+90%
BRK/B Berkshire Hathaway Inc. ClassQ3 20116 of 1800.07%3.2%15Exited by Q2 2020+157%
BEN Franklin Resources Inc.Q4 20118 of 1170.3%2.8%21Exited by Q3 2018+0.1%
AON Aon PLCQ2 20121 of 1645.6%7.3%16Exited by Q2 2016+123%
MDLZ Mondelez International IncQ4 20124 of 1454.3%6.4%10Exited by Q2 2015+42%
NWS News Corporation - Class BQ3 20132 of 802.0%2.6%5Exited by Q4 2014−1.8%
NWSA News Corporation - Class AQ3 20134 of 1400.1%1.6%5Exited by Q4 2014+1.8%
ESRT EMPIRE ST RLTY TR INCQ4 20131 of 820.9%3.3%34Held at last filing, Q2 2026−65%
GHC GRAHAM HLDGS COQ4 20131 of 1121.8%5.9%51Held at last filing, Q2 2026+185%
VOD Vodafone Group Plc ADRQ1 201410 of 1080.2%1.1%3Exited by Q4 2014−11%
VSAT ViaSat Inc.Q2 20145 of 1260.2%5.0%25Exited by Q3 2020−34%
MCD McDonald's CorporationQ3 201411 of 1923.8%7.0%6Exited by Q1 2016+25%
WYNN Wynn Resorts LimitedQ1 201512 of 1823.6%11.5%17Exited by Q1 2020+10%
GOOG ALPHABET INCQ4 201525 of 3508.3%8.3%31Exited by Q2 2025+312%
RL Ralph Lauren CorporationQ2 20168 of 1482.5%2.7%4Exited by Q2 2017−8.9%
YUMC Yum China Holding Inc.Q4 20162 of 1502.3%2.7%8Exited by Q2 2019+72%
TROW T. Rowe Price Group Inc.Q4 201611 of 1202.6%4.0%5Exited by Q1 2018+39%
PK PARK HOTELS & RESORTS INCQ2 20172 of 1391.2%7.1%20Exited by Q3 2025−62%
MAT MATTEL INCQ3 20175 of 1302.1%9.2%36Held at last filing, Q2 2026−10%
CNX CNX RES CORPQ4 20171 of 1169.0%10.0%35Held at last filing, Q2 2026+132%

Concentration and tenure

10.3%
Median largest position, all quarters
The largest single position as a share of the reported equity book.
63.9%
Median top 10 weight, all quarters
The ten largest positions together, as a share of the reported equity book.
Concentrated
Style, by median largest position
6
Median completed holding, quarters