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 |
Biogen
BIIB
|
+$163M |
| 2 |
Alibaba
BABA
|
+$87.8M |
| 3 |
JOYY
JOYY Inc
JOYY
|
+$67.7M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
DuPont de Nemours
DD
|
+$185M |
| 2 |
GE Aerospace
GE
|
+$130M |
| 3 |
CNX Resources
CNX
|
+$80.2M |
| 4 |
PCH
PotlatchDeltic
PCH
|
+$69.4M |
| 5 |
Hyatt Hotels
H
|
+$55M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Communication Services | 29.46% |
| 2 | Consumer Discretionary | 19.25% |
| 3 | Industrials | 15.04% |
| 4 | Energy | 13.47% |
| 5 | Financials | 10.6% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
1
Lumen
LUMN
$6.13B
| $829M | 17.74% |
62,113,933
-2,990,435
| -5% | -$37.1M |
|
|
2
CNX Resources
CNX
$5.38B
| $434M | 9.29% |
29,541,009
-5,966,965
| -17% | -$80.2M |
|
3
Mattel
MAT
$4.15B
| $322M | 6.88% |
16,147,300
-1,269,939
| -7% | -$24.6M |
|
|
4
GE Aerospace
GE
$361B
| $284M | 6.08% |
4,345,352
-2,150,367
| -33% | -$130M |
|
|
5
Hyatt Hotels
H
$17B
| $282M | 6.04% |
3,413,828
-699,399
| -17% | -$55M |
|
6
Comcast
CMCSA
$95.3B
| $252M | 5.39% |
4,652,977
-199,618
| -4% | -$10.5M |
|
7
FedEx
FDX
$76.9B
| $240M | 5.14% |
846,557
-39,053
| -4% | -$10.1M |
|
8
MGM Resorts International
MGM
$11B
| $214M | 4.57% |
5,625,364
-1,427,700
| -20% | -$49.8M |
|
9
Lazard
LAZ
$4.3B
| $207M | 4.42% |
4,748,029
-176,535
| -4% | -$7.51M |
|
10
Williams Companies
WMB
$86.2B
| $196M | 4.19% |
8,261,009
-815,957
| -9% | -$18.5M |
|
11
Affiliated Managers Group
AMG
$9.21B
| $189M | 4.05% |
1,270,837
-346,782
| -21% | -$45.3M |
|
|
12
Biogen
BIIB
$32B
| $169M | 3.61% |
+603,890
| New | +$163M |
|
13
Baidu
BIDU
$31.6B
| $165M | 3.53% |
759,328
-154,041
| -17% | -$40.2M |
|
14
Empire State Realty Trust
ESRT
$834M
| $142M | 3.04% |
12,778,058
-3,224,611
| -20% | -$33.6M |
|
|
HOUS
15
DELISTED
Anywhere Real Estate
HOUS
| $133M | 2.83% |
8,758,983
| – | – |
|
16
Douglas Emmett
DEI
$1.97B
| $125M | 2.68% |
3,994,349
-142,898
| -3% | -$4.35M |
|
17
Graham Holdings Company
GHC
$4.94B
| $117M | 2.5% |
208,018
-13,864
| -6% | -$8.04M |
|
18
Everest Group
EG
$14.2B
| $99.4M | 2.13% |
401,202
-2,335
| -0.6% | -$556K |
|
|
19
Alibaba
BABA
$286B
| $81.1M | 1.73% |
+357,571
| New | +$87.8M |
|
20
Atlanta Braves Holdings Series B
BATRK
$3.33B
| $72.5M | 1.55% |
2,606,269
| – | – |
|
|
JOYY
21
JOYY Inc
JOYY
$3.71B
| $58.7M | 1.26% |
+626,472
| New | +$67.7M |
|
|
CNH
22
CNH Industrial
CNH
$19.1B
| $41.6M | 0.89% |
3,053,759
-373,849
| -11% | -$4.7M |
|
23
Kodak
KODK
$963M
| $19.9M | 0.43% |
2,534,892
| – | – |
|
24
Melco Resorts & Entertainment
MLCO
$2.09B
| $1.33M | 0.03% |
66,723
| – | – |
|
|
25
DuPont de Nemours
DD
$18.7B
| – | – |
-2,070,666
| Closed | -$185M |
|
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Mason Hawkins's Q1 2021 Portfolio in Review
As of Q1 2021, Mason Hawkins held 28 positions worth $4.68B, up 4.4% from $4.48B the previous quarter. Its ten largest holdings account for 70% of the portfolio.
Mason Hawkins withdrew a net $561M in Q1 2021, closing 4 positions and reducing 17 holdings. Its most notable exit was DuPont de Nemours, an estimated $185M position sold in full.
By sector, the portfolio is most concentrated in Communication Services at 29% of assets, up from 26% a quarter earlier, followed by Consumer Discretionary and Industrials.
Against the trend, Mason Hawkins opened a new position in Biogen worth $169M.
- Mason Hawkins's largest Q1 2021 buy was Biogen: 603,890 shares worth $169M.
- Mason Hawkins's biggest Q1 2021 reduction was GE Aerospace, cutting an estimated $130M.
- Mason Hawkins fully exited DuPont de Nemours in Q1 2021, selling an estimated $185M.
- Mason Hawkins's ten largest holdings make up 70% of its $4.68B portfolio in Q1 2021.
- Mason Hawkins opened 3 new positions and closed 4 in Q1 2021.
- Mason Hawkins's portfolio value rose 4.4% quarter-over-quarter to $4.68B.
Based on Southeastern Asset Management's 13F filing for Q1 2021, filed 17 May 2021.