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 |
Madison Square Garden
MSGS
|
+$139M |
| 2 |
Mattel
MAT
|
+$58.7M |
| 3 |
Douglas Emmett
DEI
|
+$46.6M |
| 4 |
Affiliated Managers Group
AMG
|
+$38.3M |
| 5 |
Baidu
BIDU
|
+$35.6M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Biogen
BIIB
|
+$169M |
| 2 |
CNX Resources
CNX
|
+$19.2M |
| 3 |
Williams Companies
WMB
|
+$11.5M |
| 4 |
Lumen
LUMN
|
+$6.3M |
| 5 |
Atlanta Braves Holdings Series B
BATRK
|
+$1.16M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Communication Services | 31.03% |
| 2 | Consumer Discretionary | 20.23% |
| 3 | Industrials | 15.02% |
| 4 | Energy | 11.91% |
| 5 | Financials | 11.73% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
|
1
Lumen
LUMN
$6.13B
| $838M | 16.85% |
61,657,646
-456,287
| -0.7% | -$6.3M |
|
|
2
CNX Resources
CNX
$5.38B
| $385M | 7.74% |
28,166,481
-1,374,528
| -5% | -$19.2M |
|
|
3
Mattel
MAT
$4.15B
| $382M | 7.67% |
18,990,844
+2,843,544
| +18% | +$58.7M |
|
4
GE Aerospace
GE
$361B
| $292M | 5.86% |
4,347,456
+2,104
| +0% | +$140K |
|
5
Hyatt Hotels
H
$17B
| $269M | 5.42% |
3,469,046
+55,218
| +2% | +$4.46M |
|
6
Comcast
CMCSA
$95.3B
| $265M | 5.33% |
4,649,116
-3,861
| -0.1% | -$216K |
|
7
FedEx
FDX
$76.9B
| $252M | 5.07% |
846,047
-510
| -0.1% | -$151K |
|
8
MGM Resorts International
MGM
$11B
| $240M | 4.82% |
5,620,837
-4,527
| -0.1% | -$187K |
|
|
9
Affiliated Managers Group
AMG
$9.21B
| $233M | 4.69% |
1,511,033
+240,196
| +19% | +$38.3M |
|
10
Lazard
LAZ
$4.3B
| $225M | 4.52% |
4,966,928
+218,899
| +5% | +$10M |
|
|
11
Williams Companies
WMB
$86.2B
| $207M | 4.17% |
7,812,734
-448,275
| -5% | -$11.5M |
|
|
12
Baidu
BIDU
$31.6B
| $191M | 3.84% |
937,470
+178,142
| +23% | +$35.6M |
|
|
13
Douglas Emmett
DEI
$1.97B
| $180M | 3.63% |
5,368,134
+1,373,785
| +34% | +$46.6M |
|
14
Empire State Realty Trust
ESRT
$834M
| $163M | 3.27% |
13,555,997
+777,939
| +6% | +$9.14M |
|
|
HOUS
15
DELISTED
Anywhere Real Estate
HOUS
| $158M | 3.18% |
8,692,040
-66,943
| -0.8% | -$1.14M |
|
16
Graham Holdings Company
GHC
$4.94B
| $138M | 2.78% |
218,435
+10,417
| +5% | +$6.71M |
|
|
17
Madison Square Garden
MSGS
$9.78B
| $133M | 2.68% |
+771,602
| New | +$139M |
|
18
Everest Group
EG
$14.2B
| $126M | 2.53% |
498,778
+97,576
| +24% | +$25.4M |
|
19
Alibaba
BABA
$286B
| $114M | 2.3% |
504,273
+146,702
| +41% | +$32.6M |
|
|
20
Atlanta Braves Holdings Series B
BATRK
$3.33B
| $71.2M | 1.43% |
2,564,047
-42,222
| -2% | -$1.16M |
|
|
JOYY
21
JOYY Inc
JOYY
$3.71B
| $44.7M | 0.9% |
678,058
+51,586
| +8% | +$4.38M |
|
|
CNH
22
CNH Industrial
CNH
$19.1B
| $43.4M | 0.87% |
2,982,086
-71,673
| -2% | -$1.02M |
|
23
Kodak
KODK
$963M
| $21.1M | 0.42% |
2,534,892
| – | – |
|
24
Melco Resorts & Entertainment
MLCO
$2.09B
| $1.11M | 0.02% |
66,723
| – | – |
|
|
25
Biogen
BIIB
$32B
| – | – |
-603,890
| Closed | -$169M |
|
Similar funds
Mason Hawkins's Q2 2021 Portfolio in Review
As of Q2 2021, Mason Hawkins held 25 positions worth $4.97B, up 6.4% from $4.68B the previous quarter. Its ten largest holdings account for 68% of the portfolio.
Mason Hawkins deployed $202M of net new capital in Q2 2021, opening 1 new position and adding to 12 existing holdings. Its largest new stake was Madison Square Garden: 771,602 shares worth $133M.
By sector, the portfolio is most concentrated in Communication Services at 31% of assets, up from 29% a quarter earlier, followed by Consumer Discretionary and Industrials.
On the sell side, the largest reduction was CNX Resources, an estimated $19.2M trimmed.
- Mason Hawkins's largest Q2 2021 buy was Madison Square Garden: 771,602 shares worth $133M.
- Mason Hawkins added most to Mattel in Q2 2021, an estimated $58.7M increase.
- Mason Hawkins's biggest Q2 2021 reduction was CNX Resources, cutting an estimated $19.2M.
- Mason Hawkins fully exited Biogen in Q2 2021, selling an estimated $169M.
- Mason Hawkins's ten largest holdings make up 68% of its $4.97B portfolio in Q2 2021.
- Mason Hawkins opened 1 new position and closed 1 in Q2 2021.
- Mason Hawkins's portfolio value rose 6.4% quarter-over-quarter to $4.97B.
Based on Southeastern Asset Management's 13F filing for Q2 2021, filed 13 Aug 2021.