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 |
PVH
PVH
|
+$55.5M |
| 2 |
Fortune Brands Innovations
FBIN
|
+$54M |
| 3 |
Kraft Heinz
KHC
|
+$33.6M |
| 4 |
Walt Disney
DIS
|
+$30.2M |
| 5 |
Angi Inc
ANGI
|
+$29.9M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Affiliated Managers Group
AMG
|
+$82M |
| 2 |
Albertsons Companies
ACI
|
+$34.9M |
| 3 |
Millicom
TIGO
|
+$33.6M |
| 4 |
HF Sinclair
DINO
|
+$31.6M |
| 5 |
Fidelity National Information Services
FIS
|
+$27.1M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Consumer Discretionary | 25.37% |
| 2 | Communication Services | 14.19% |
| 3 | Consumer Staples | 12.06% |
| 4 | Industrials | 11.67% |
| 5 | Energy | 11.21% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
|
26
Angi Inc
ANGI
$200M
| $31.6M | 1.59% |
+2,067,648
| New | +$29.9M |
|
27
Atlanta Braves Holdings Series B
BATRK
$3.33B
| $31.4M | 1.58% |
671,014
-180,003
| -21% | -$7.36M |
|
28
Shenandoah Telecom
SHEN
$683M
| $31.3M | 1.58% |
2,288,068
+1,378,250
| +151% | +$17.5M |
|
29
ACM Research
ACMR
$5.53B
| $30.7M | 1.55% |
+1,185,744
| New | +$26.7M |
|
30
Huazhu Hotels Group
HTHT
$15.1B
| $30.4M | 1.53% |
896,756
-8,136
| -0.9% | -$285K |
|
31
Clearwater Paper
CLW
$351M
| $25.5M | 1.29% |
+937,921
| New | +$25.3M |
|
32
Empire State Realty Trust
ESRT
$834M
| $21.3M | 1.07% |
2,630,140
+1,073,122
| +69% | +$8.22M |
|
33
Boston Beer
SAM
$1.91B
| $20.3M | 1.02% |
106,317
| – | – |
|
34
Oscar Health
OSCR
$9.89B
| $18.9M | 0.95% |
881,857
-1,214,928
| -58% | -$18.1M |
|
35
Kaspi.kz JSC
KSPI
$20.1B
| $16M | 0.81% |
+188,806
| New | +$16.1M |
|
36
Westrock Coffee
WEST
$812M
| $15.3M | 0.77% |
2,670,176
-2,209,751
| -45% | -$14.3M |
|
|
ALX
37
Alexander's
ALX
$1.35B
| $14.3M | 0.72% |
+63,503
| New | +$13.7M |
|
38
Park Hotels & Resorts
PK
$3.18B
| $13.7M | 0.69% |
1,337,878
-973,100
| -42% | -$9.91M |
|
39
HDFC Bank
HDB
$121B
| $3M | 0.15% |
78,188
-15,656
| -17% | -$568K |
|
40
Live Nation Entertainment
LYV
$42.4B
| $2.13M | 0.11% |
14,086
| – | – |
|
41
XPO
XPO
$23.2B
| $2.02M | 0.1% |
15,980
| – | – |
|
42
Cardinal Health
CAH
$53.4B
| $1.79M | 0.09% |
10,644
-6,937
| -39% | -$1.03M |
|
43
Henry Schein
HSIC
$9.86B
| $1.53M | 0.08% |
20,962
+5,362
| +34% | +$369K |
|
|
44
Affiliated Managers Group
AMG
$9.21B
| $1.35M | 0.07% |
6,838
-472,933
| -99% | -$82M |
|
45
Enovis
ENOV
$1.5B
| $1.15M | 0.06% |
36,583
| – | – |
|
|
ACH
46
Accendra Health
ACH
$92.3M
| $1.14M | 0.06% |
+125,400
| New | +$924K |
|
47
Lazard
LAZ
$4.3B
| $1.1M | 0.06% |
22,863
| – | – |
|
48
RXO
RXO
$3.72B
| $849K | 0.04% |
53,978
| – | – |
|
49
Madison Square Garden
MSGS
$9.78B
| $842K | 0.04% |
4,028
| – | – |
|
50
Alphabet (Google) Class C
GOOG
$4.18T
| – | – |
-6,527
| Closed | -$1.02M |
|
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Mason Hawkins's Q2 2025 Portfolio in Review
As of Q2 2025, Mason Hawkins held 51 positions worth $1.98B, up 5.7% from $1.88B the previous quarter. Its ten largest holdings account for 50% of the portfolio.
Mason Hawkins's Q2 2025 filing shows 8 new, 12 increased, 22 reduced and 2 closed positions. Its largest new stake was Fortune Brands Innovations: 1,031,315 shares worth $53.1M. The largest sale was Affiliated Managers Group, an estimated $82M.
By sector, the portfolio is most concentrated in Consumer Discretionary at 25% of assets, up from 22% a quarter earlier, followed by Communication Services and Consumer Staples.
- Mason Hawkins's largest Q2 2025 buy was Fortune Brands Innovations: 1,031,315 shares worth $53.1M.
- Mason Hawkins added most to PVH in Q2 2025, an estimated $55.5M increase.
- Mason Hawkins's biggest Q2 2025 reduction was Affiliated Managers Group, cutting an estimated $82M.
- Mason Hawkins fully exited Howard Hughes in Q2 2025, selling an estimated $16.1M.
- Mason Hawkins's ten largest holdings make up 50% of its $1.98B portfolio in Q2 2025.
- Mason Hawkins opened 8 new positions and closed 2 in Q2 2025.
- Mason Hawkins's portfolio value rose 5.7% quarter-over-quarter to $1.98B.
Based on Southeastern Asset Management's 13F filing for Q2 2025, filed 14 Aug 2025.