Mason Hawkins Southeastern Asset Management
Mason Hawkins co-founded Southeastern Asset Management, adviser to the Longleaf Partners funds, and is a leading figure in absolute-value investing. The firm is known for concentrated portfolios, appraised-value analysis, and a long-term partnership culture with portfolio companies. Hawkins’s process emphasizes free cash flow, management alignment, and buying at a discount to intrinsic value.
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
Lumen
LUMN
|
+$1.21B |
| 2 |
Mattel
MAT
|
+$431M |
| 3 |
AGN
Allergan plc
AGN
|
+$412M |
| 4 |
GE Aerospace
GE
|
+$226M |
| 5 |
CNR
Core Natural Resources Inc
CNR
|
+$177M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
LVLT
Level 3 Communications Inc
LVLT
|
+$1.48B |
| 2 |
Wynn Resorts
WYNN
|
+$395M |
| 3 |
T. Rowe Price
TROW
|
+$357M |
| 4 |
Alphabet (Google) Class C
GOOG
|
+$174M |
| 5 |
DEL
Deltic Timber
DEL
|
+$162M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Industrials | 28.29% |
| 2 | Communication Services | 25.36% |
| 3 | Consumer Discretionary | 17.68% |
| 4 | Energy | 13.62% |
| 5 | Technology | 5.01% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
26
Vipshop
VIPS
$6.98B
| $15.5M | 0.19% |
1,324,686
+11,757
| +0.9% | +$104K |
|
27
Kodak
KODK
$963M
| $15.4M | 0.19% |
4,960,000
| – | – |
|
|
28
T. Rowe Price
TROW
$23.8B
| $1.88M | 0.02% |
17,945
-3,664,154
| -100% | -$357M |
|
29
Televisa
TV
$1.47B
| $388K | ﹤0.01% |
+20,807
| New | +$431K |
|
30
Infosys
INFY
$48.4B
| $368K | ﹤0.01% |
45,424
| – | – |
|
|
CBPO
31
DELISTED
China Biologic Products Holdings, Inc.
CBPO
| $287K | ﹤0.01% |
+3,645
| New | +$303K |
|
32
SEACOR Marine Holdings
SMHI
$270M
| – | – |
-592,815
| Closed | -$9.27M |
|
|
SEI
33
Solaris Energy Infrastructure
SEI
$3.51B
| – | – |
-222,500
| Closed | -$3.88M |
|
|
DEL
34
DELISTED
Deltic Timber
DEL
| – | – |
-1,827,558
| Closed | -$162M |
|
|
LVLT
35
DELISTED
Level 3 Communications Inc
LVLT
| – | – |
-27,783,714
| Closed | -$1.48B |
|
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Mason Hawkins's Q4 2017 Portfolio in Review
As of Q4 2017, Mason Hawkins held 35 positions worth $8.08B, down 2.9% from $8.32B the previous quarter. Its ten largest holdings account for 75% of the portfolio.
Mason Hawkins withdrew a net $513M in Q4 2017, closing 4 positions and reducing 15 holdings. Its most notable exit was Level 3 Communications Inc, an estimated $1.48B position sold in full.
By sector, the portfolio is most concentrated in Industrials at 28% of assets, down from 45% a quarter earlier, followed by Communication Services and Consumer Discretionary.
Against the trend, Mason Hawkins opened a new position in Lumen worth $1.19B.
- Mason Hawkins's largest Q4 2017 buy was Lumen: 71,486,921 shares worth $1.19B.
- Mason Hawkins added most to Mattel in Q4 2017, an estimated $431M increase.
- Mason Hawkins's biggest Q4 2017 reduction was Wynn Resorts, cutting an estimated $395M.
- Mason Hawkins fully exited Level 3 Communications Inc in Q4 2017, selling an estimated $1.48B.
- Mason Hawkins's ten largest holdings make up 75% of its $8.08B portfolio in Q4 2017.
- Mason Hawkins opened 7 new positions and closed 4 in Q4 2017.
- Mason Hawkins's portfolio value fell 2.9% quarter-over-quarter to $8.08B.
Based on Southeastern Asset Management's 13F filing for Q4 2017, filed 14 Feb 2018.