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 |
Rayonier
RYN
|
+$112M |
| 2 |
Mattel
MAT
|
+$77.3M |
| 3 |
Fortune Brands Innovations
FBIN
|
+$50.7M |
| 4 |
Albertsons Companies
ACI
|
+$21.8M |
| 5 |
TripAdvisor
TRIP
|
+$20.5M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
PCH
PotlatchDeltic
PCH
|
+$126M |
| 2 |
ACM Research
ACMR
|
+$47.6M |
| 3 |
FedEx
FDX
|
+$38.7M |
| 4 |
Walt Disney
DIS
|
+$36.1M |
| 5 |
CNX Resources
CNX
|
+$28.2M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Consumer Discretionary | 19.56% |
| 2 | Consumer Staples | 15.96% |
| 3 | Communication Services | 14.24% |
| 4 | Real Estate | 13.72% |
| 5 | Industrials | 12.53% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
26
Boston Beer
SAM
$1.91B
| $27.3M | 1.34% |
118,401
-29,596
| -20% | -$6.66M |
|
27
SharkNinja
SN
$25.5B
| $26.5M | 1.31% |
250,666
-38,600
| -13% | -$4.52M |
|
|
MICC
28
The Magnum Ice Cream Company N.V.
MICC
$12.2B
| $24.2M | 1.19% |
1,619,620
+189,269
| +13% | +$3.07M |
|
|
ALX
29
Alexander's
ALX
$1.35B
| $23.4M | 1.15% |
99,013
-23,699
| -19% | -$5.64M |
|
30
Clearwater Paper
CLW
$351M
| $21.9M | 1.08% |
1,525,491
+144,561
| +10% | +$2.35M |
|
31
Kaspi.kz JSC
KSPI
$20.1B
| $17.8M | 0.88% |
240,628
| – | – |
|
32
Huazhu Hotels Group
HTHT
$15.1B
| $11.6M | 0.57% |
231,372
| – | – |
|
33
Melco Resorts & Entertainment
MLCO
$2.09B
| $10.2M | 0.5% |
1,797,254
| – | – |
|
|
GLIBA
34
Liberty Capital Corp Series A GCI Group Common Stock
GLIBA
$1.04B
| $2.97M | 0.15% |
80,675
| – | – |
|
35
Cardinal Health
CAH
$53.4B
| $1.55M | 0.08% |
7,337
-1,312
| -15% | -$283K |
|
36
Affiliated Managers Group
AMG
$9.21B
| $1.54M | 0.08% |
5,562
| – | – |
|
37
Live Nation Entertainment
LYV
$42.4B
| $1.29M | 0.06% |
8,434
| – | – |
|
38
Henry Schein
HSIC
$9.86B
| $1.26M | 0.06% |
17,038
| – | – |
|
39
XPO
XPO
$23.2B
| $1.23M | 0.06% |
6,336
-6,676
| -51% | -$1.2M |
|
40
Hyatt Hotels
H
$17B
| $1.11M | 0.05% |
7,733
| – | – |
|
41
Madison Square Garden
MSGS
$9.78B
| $1.03M | 0.05% |
3,218
| – | – |
|
42
PayPal
PYPL
$52.7B
| $1.02M | 0.05% |
22,463
-531,611
| -96% | -$25.7M |
|
43
Enovis
ENOV
$1.5B
| $1.01M | 0.05% |
44,258
| – | – |
|
44
Lazard
LAZ
$4.3B
| $790K | 0.04% |
18,608
| – | – |
|
45
RXO
RXO
$3.72B
| $639K | 0.03% |
43,731
| – | – |
|
46
Constellation Brands
STZ
$23.2B
| $549K | 0.03% |
3,661
| – | – |
|
47
Clarivate
CLVT
$1.33B
| $308K | 0.02% |
121,927
| – | – |
|
48
HDFC Bank
HDB
$121B
| $260K | 0.01% |
10,462
| – | – |
|
|
FISV
49
Fiserv Inc
FISV
$28B
| $223K | 0.01% |
3,990
| – | – |
|
|
50
Walt Disney
DIS
$186B
| – | – |
-317,175
| Closed | -$36.1M |
|
Similar funds
Mason Hawkins's Q1 2026 Portfolio in Review
As of Q1 2026, Mason Hawkins held 53 positions worth $2.03B, down 9.5% from $2.25B the previous quarter. Its ten largest holdings account for 63% of the portfolio.
Mason Hawkins withdrew a net $115M in Q1 2026, closing 4 positions and reducing 15 holdings. Its most notable exit was PotlatchDeltic, an estimated $126M position sold in full.
By sector, the portfolio is most concentrated in Consumer Discretionary at 20% of assets, up from 18% a quarter earlier, followed by Consumer Staples and Communication Services.
Against the trend, Mason Hawkins added an estimated $112M to Rayonier.
- Mason Hawkins added most to Rayonier in Q1 2026, an estimated $112M increase.
- Mason Hawkins's biggest Q1 2026 reduction was ACM Research, cutting an estimated $47.6M.
- Mason Hawkins fully exited PotlatchDeltic in Q1 2026, selling an estimated $126M.
- Mason Hawkins's ten largest holdings make up 63% of its $2.03B portfolio in Q1 2026.
- Mason Hawkins opened 0 new positions and closed 4 in Q1 2026.
- Mason Hawkins's portfolio value fell 9.5% quarter-over-quarter to $2.03B.
Based on Southeastern Asset Management's 13F filing for Q1 2026, filed 15 May 2026.