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 |
CHK
Chesapeake Energy Corporation
CHK
|
+$384M |
| 2 |
SONC
Sonic Corp
SONC
|
+$105M |
| 3 |
Melco Resorts & Entertainment
MLCO
|
+$98.6M |
| 4 |
Alphabet (Google) Class C
GOOG
|
+$82.2M |
| 5 |
TRCO
TRIBUNE MEDIA COMPANY CLASS A
TRCO
|
+$44.1M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Philips
PHG
|
+$226M |
| 2 |
Vail Resorts
MTN
|
+$148M |
| 3 |
DD
Du Pont De Nemours E I
DD
|
+$136M |
| 4 |
CHMT
Chemtura Corporation
CHMT
|
+$113M |
| 5 |
Rayonier
RYN
|
+$35.2M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Industrials | 38.02% |
| 2 | Communication Services | 19.49% |
| 3 | Consumer Discretionary | 16.03% |
| 4 | Energy | 14.65% |
| 5 | Materials | 3.86% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
|
LVLT
1
DELISTED
Level 3 Communications Inc
LVLT
| $1.31B | 12.52% |
28,184,131
-209,335
| -0.7% | -$10.6M |
|
2
Wynn Resorts
WYNN
$10.3B
| $1.16B | 11.08% |
11,876,336
+277,011
| +2% | +$27M |
|
3
FedEx
FDX
$76.9B
| $1.15B | 11.06% |
6,608,637
+241,024
| +4% | +$39.5M |
|
4
CNX Resources
CNX
$5.38B
| $952M | 9.12% |
59,487,896
+36,192
| +0.1% | +$535K |
|
|
5
Alphabet (Google) Class C
GOOG
$4.18T
| $836M | 8.01% |
21,520,000
+2,164,400
| +11% | +$82.2M |
|
|
SNI
6
DELISTED
Scripps Networks Interactive, Inc Common Class A
SNI
| $677M | 6.49% |
10,665,625
+18,140
| +0.2% | +$1.16M |
|
7
RTX Corp
RTX
$283B
| $671M | 6.43% |
10,495,990
-97,245
| -0.9% | -$6.45M |
|
|
CHK
8
DELISTED
Chesapeake Energy Corporation
CHK
| $578M | 5.54% |
461,107
+333,113
| +260% | +$384M |
|
9
Graham Holdings Company
GHC
$4.94B
| $380M | 3.64% |
789,628
+80,144
| +11% | +$40.2M |
|
10
Viasat
VSAT
$10.3B
| $343M | 3.28% |
4,591,527
| – | – |
|
11
Ralph Lauren
RL
$22.2B
| $283M | 2.71% |
2,802,177
+65,759
| +2% | +$6.6M |
|
|
DD
12
DELISTED
Du Pont De Nemours E I
DD
| $279M | 2.67% |
4,163,781
-2,001,621
| -32% | -$136M |
|
|
CNH
13
CNH Industrial
CNH
$19.1B
| $248M | 2.38% |
39,520,219
+252,680
| +0.6% | +$1.57M |
|
14
Liberty Media Series C
FWONK
$26.3B
| $234M | 2.24% |
8,584,962
-4,283
| -0% | -$93.6K |
|
15
Everest Group
EG
$14.2B
| $213M | 2.04% |
1,119,672
-151,662
| -12% | -$28.5M |
|
|
TRCO
16
DELISTED
TRIBUNE MEDIA COMPANY CLASS A
TRCO
| $194M | 1.86% |
5,312,183
+1,163,262
| +28% | +$44.1M |
|
|
17
Rayonier
RYN
$6.31B
| $179M | 1.72% |
7,446,389
-1,441,340
| -16% | -$35.2M |
|
18
Enerpac Tool Group
EPAC
$1.9B
| $149M | 1.43% |
6,411,176
| – | – |
|
|
DEL
19
DELISTED
Deltic Timber
DEL
| $124M | 1.19% |
1,827,558
| – | – |
|
|
20
Melco Resorts & Entertainment
MLCO
$2.09B
| $120M | 1.15% |
7,425,432
+7,008,845
| +1,682% | +$98.6M |
|
|
SONC
21
DELISTED
Sonic Corp
SONC
| $100M | 0.96% |
+3,823,746
| New | +$105M |
|
22
Franklin Templeton, Inc.
BEN
$17.4B
| $89.6M | 0.86% |
2,520,097
-43,576
| -2% | -$1.54M |
|
23
Baidu
BIDU
$31.6B
| $77.5M | 0.74% |
425,073
+1,343
| +0.3% | +$232K |
|
|
CKH
24
DELISTED
Seacor Holdings Inc.
CKH
| $52.8M | 0.51% |
917,550
+784,671
| +591% | +$43.2M |
|
25
Liberty Media Series A
FWONA
$24.2B
| $16M | 0.15% |
582,159
-607,797
| -51% | -$13.3M |
|
Similar funds
Mason Hawkins's Q3 2016 Portfolio in Review
As of Q3 2016, Mason Hawkins held 32 positions worth $10.4B, up 6.6% from $9.8B the previous quarter. Its ten largest holdings account for 77% of the portfolio.
Mason Hawkins's Q3 2016 filing shows 3 new, 13 increased, 9 reduced and 3 closed positions. Its largest new stake was Sonic Corp: 3,823,746 shares worth $100M. The largest sale was Philips, an estimated $226M.
By sector, the portfolio is most concentrated in Industrials at 38% of assets, down from 39% a quarter earlier, followed by Communication Services and Consumer Discretionary.
- Mason Hawkins's largest Q3 2016 buy was Sonic Corp: 3,823,746 shares worth $100M.
- Mason Hawkins added most to Chesapeake Energy Corporation in Q3 2016, an estimated $384M increase.
- Mason Hawkins's biggest Q3 2016 reduction was Du Pont De Nemours E I, cutting an estimated $136M.
- Mason Hawkins fully exited Philips in Q3 2016, selling an estimated $226M.
- Mason Hawkins's ten largest holdings make up 77% of its $10.4B portfolio in Q3 2016.
- Mason Hawkins opened 3 new positions and closed 3 in Q3 2016.
- Mason Hawkins's portfolio value rose 6.6% quarter-over-quarter to $10.4B.
Based on Southeastern Asset Management's 13F filing for Q3 2016, filed 14 Nov 2016.