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 |
Carrier Global
CARR
|
+$165M |
| 2 |
Empire State Realty Trust
ESRT
|
+$62.3M |
| 3 |
Hyatt Hotels
H
|
+$59M |
| 4 |
Viasat
VSAT
|
+$5.7M |
| 5 |
Melco Resorts & Entertainment
MLCO
|
+$1.03M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
RTX Corp
RTX
|
+$204M |
| 2 |
CNX Resources
CNX
|
+$114M |
| 3 |
Alphabet (Google) Class C
GOOG
|
+$101M |
| 4 |
Park Hotels & Resorts
PK
|
+$90.2M |
| 5 |
Enerpac Tool Group
EPAC
|
+$88.9M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Communication Services | 29.78% |
| 2 | Industrials | 21.68% |
| 3 | Energy | 12.55% |
| 4 | Consumer Discretionary | 11.98% |
| 5 | Real Estate | 7.96% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
26
Kodak
KODK
$963M
| $11.1M | 0.28% |
4,960,000
| – | – |
|
|
WOW
27
DELISTED
WideOpenWest
WOW
| $3.77M | 0.09% |
715,259
| – | – |
|
|
VNTR
28
DELISTED
Venator Materials PLC
VNTR
| $2.62M | 0.07% |
1,460,818
| – | – |
|
|
29
Melco Resorts & Entertainment
MLCO
$2.09B
| $1.04M | 0.03% |
+66,723
| New | +$1.03M |
|
30
Berkshire Hathaway Class B
BRK.B
$1.06T
| – | – |
-38,700
| Closed | -$7.08M |
|
31
Dillards
DDS
$9.71B
| – | – |
-1,907,204
| Closed | -$70.5M |
|
|
32
Enerpac Tool Group
EPAC
$1.9B
| – | – |
-5,370,459
| Closed | -$88.9M |
|
|
33
Park Hotels & Resorts
PK
$3.18B
| – | – |
-11,407,646
| Closed | -$90.2M |
|
|
34
RTX Corp
RTX
$283B
| – | – |
-3,435,173
| Closed | -$204M |
|
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Mason Hawkins's Q2 2020 Portfolio in Review
As of Q2 2020, Mason Hawkins held 34 positions worth $4.01B, down 4.6% from $4.2B the previous quarter. Its ten largest holdings account for 67% of the portfolio.
Mason Hawkins withdrew a net $904M in Q2 2020, closing 5 positions and reducing 20 holdings. Its most notable exit was RTX Corp, an estimated $204M position sold in full.
By sector, the portfolio is most concentrated in Communication Services at 30% of assets, down from 32% a quarter earlier, followed by Industrials and Energy.
Against the trend, Mason Hawkins opened a new position in Carrier Global worth $197M.
- Mason Hawkins's largest Q2 2020 buy was Carrier Global: 8,876,727 shares worth $197M.
- Mason Hawkins added most to Empire State Realty Trust in Q2 2020, an estimated $62.3M increase.
- Mason Hawkins's biggest Q2 2020 reduction was CNX Resources, cutting an estimated $114M.
- Mason Hawkins fully exited RTX Corp in Q2 2020, selling an estimated $204M.
- Mason Hawkins's ten largest holdings make up 67% of its $4.01B portfolio in Q2 2020.
- Mason Hawkins opened 2 new positions and closed 5 in Q2 2020.
- Mason Hawkins's portfolio value fell 4.6% quarter-over-quarter to $4.01B.
Based on Southeastern Asset Management's 13F filing for Q2 2020, filed 14 Aug 2020.