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 |
MGM Resorts International
MGM
|
+$98.4M |
| 2 |
Everest Group
EG
|
+$85.7M |
| 3 |
Hyatt Hotels
H
|
+$49.7M |
| 4 |
Atlanta Braves Holdings Series B
BATRK
|
+$48.1M |
| 5 |
GE Aerospace
GE
|
+$27.5M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
FedEx
FDX
|
+$217M |
| 2 |
Carrier Global
CARR
|
+$197M |
| 3 |
Alphabet (Google) Class C
GOOG
|
+$122M |
| 4 |
Viasat
VSAT
|
+$94.8M |
| 5 |
PCH
PotlatchDeltic
PCH
|
+$65.5M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Communication Services | 28.15% |
| 2 | Consumer Discretionary | 18.27% |
| 3 | Industrials | 17.07% |
| 4 | Energy | 13.27% |
| 5 | Financials | 10.5% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
26
Worthington Enterprises
WOR
$2.78B
| $4.77M | 0.12% |
+189,774
| New | +$4.62M |
|
|
WOW
27
DELISTED
WideOpenWest
WOW
| $1.35M | 0.03% |
260,712
-454,547
| -64% | -$2.62M |
|
28
Melco Resorts & Entertainment
MLCO
$2.09B
| $1.11M | 0.03% |
66,723
| – | – |
|
29
Liberty Media Series C
FWONK
$26.3B
| $313K | 0.01% |
8,936
-594,940
| -99% | -$20.9M |
|
|
30
Carrier Global
CARR
$49.8B
| – | – |
-8,876,727
| Closed | -$197M |
|
|
31
Alphabet (Google) Class C
GOOG
$4.18T
| – | – |
-1,728,380
| Closed | -$122M |
|
|
32
Viasat
VSAT
$10.3B
| – | – |
-2,471,659
| Closed | -$94.8M |
|
|
VNTR
33
DELISTED
Venator Materials PLC
VNTR
| – | – |
-1,460,818
| Closed | -$2.62M |
|
|
GLIBA
34
DELISTED
GCI Liberty, Inc. Class A Common Stock (DE)
GLIBA
| – | – |
-522,735
| Closed | -$37.2M |
|
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Mason Hawkins's Q3 2020 Portfolio in Review
As of Q3 2020, Mason Hawkins held 34 positions worth $3.88B, down 3.2% from $4.01B the previous quarter. Its ten largest holdings account for 73% of the portfolio.
Mason Hawkins withdrew a net $571M in Q3 2020, closing 5 positions and reducing 15 holdings. Its most notable exit was Carrier Global, an estimated $197M position sold in full.
By sector, the portfolio is most concentrated in Communication Services at 28% of assets, down from 30% a quarter earlier, followed by Consumer Discretionary and Industrials.
Against the trend, Mason Hawkins opened a new position in MGM Resorts International worth $108M.
- Mason Hawkins's largest Q3 2020 buy was MGM Resorts International: 4,962,956 shares worth $108M.
- Mason Hawkins added most to Hyatt Hotels in Q3 2020, an estimated $49.7M increase.
- Mason Hawkins's biggest Q3 2020 reduction was FedEx, cutting an estimated $217M.
- Mason Hawkins fully exited Carrier Global in Q3 2020, selling an estimated $197M.
- Mason Hawkins's ten largest holdings make up 73% of its $3.88B portfolio in Q3 2020.
- Mason Hawkins opened 5 new positions and closed 5 in Q3 2020.
- Mason Hawkins's portfolio value fell 3.2% quarter-over-quarter to $3.88B.
Based on Southeastern Asset Management's 13F filing for Q3 2020, filed 16 Nov 2020.