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 |
Melco Resorts & Entertainment
MLCO
|
+$45.2M |
| 2 |
PVH
PVH
|
+$23.5M |
| 3 |
Liberty Live Group Series C
LLYVK
|
+$21.4M |
| 4 |
Howard Hughes
HHH
|
+$21M |
| 5 |
Dole
DOLE
|
+$19.8M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
LBRDK
Liberty Broadband Class C
LBRDK
|
+$54M |
| 2 |
CNX Resources
CNX
|
+$45.1M |
| 3 |
RTX Corp
RTX
|
+$26.5M |
| 4 |
Live Nation Entertainment
LYV
|
+$25M |
| 5 |
Douglas Emmett
DEI
|
+$18.5M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Consumer Discretionary | 20.89% |
| 2 | Communication Services | 17.95% |
| 3 | Industrials | 14.77% |
| 4 | Consumer Staples | 10.9% |
| 5 | Financials | 9.62% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
|
1
CNX Resources
CNX
$5.38B
| $175M | 7.63% |
7,204,242
-1,849,703
| -20% | -$45.1M |
|
2
FedEx
FDX
$76.9B
| $153M | 6.67% |
510,233
-32,015
| -6% | -$8.37M |
|
3
Mattel
MAT
$4.15B
| $133M | 5.82% |
8,208,508
-332,176
| -4% | -$6.02M |
|
4
Affiliated Managers Group
AMG
$9.21B
| $124M | 5.41% |
795,249
-42,629
| -5% | -$6.79M |
|
5
Fidelity National Information Services
FIS
$21.3B
| $115M | 5.02% |
1,527,520
-93,403
| -6% | -$6.91M |
|
|
PPLI
6
People Inc
PPLI
$2.86B
| $114M | 4.97% |
2,967,877
-188,575
| -6% | -$7.79M |
|
|
K
7
DELISTED
Kellanova
K
| $114M | 4.95% |
1,969,069
-119,813
| -6% | -$7.07M |
|
8
MGM Resorts International
MGM
$11B
| $99.2M | 4.32% |
2,232,958
+207,041
| +10% | +$8.65M |
|
9
Bio-Rad Laboratories Class A
BIO
$10.2B
| $88.8M | 3.87% |
325,013
-18,946
| -6% | -$5.51M |
|
|
10
Live Nation Entertainment
LYV
$42.4B
| $84.6M | 3.69% |
902,463
-264,114
| -23% | -$25M |
|
11
Warner Bros
WBD
$71.6B
| $80.6M | 3.51% |
10,831,394
-758,233
| -7% | -$6.07M |
|
|
CNH
12
CNH Industrial
CNH
$19.1B
| $71.2M | 3.1% |
7,026,818
-459,903
| -6% | -$5.21M |
|
13
Warner Music
WMG
$14.2B
| $66.5M | 2.9% |
2,168,568
-139,917
| -6% | -$4.49M |
|
14
Hyatt Hotels
H
$17B
| $64.6M | 2.81% |
425,190
-17,137
| -4% | -$2.57M |
|
15
Graham Holdings Company
GHC
$4.94B
| $57.6M | 2.51% |
82,296
-5,455
| -6% | -$3.99M |
|
|
16
PVH
PVH
$3.62B
| $55.3M | 2.41% |
522,158
+207,408
| +66% | +$23.5M |
|
|
17
RTX Corp
RTX
$283B
| $54.1M | 2.36% |
538,984
-256,720
| -32% | -$26.5M |
|
18
Westrock Coffee
WEST
$812M
| $54.1M | 2.36% |
5,286,671
-220,325
| -4% | -$2.26M |
|
19
PayPal
PYPL
$52.7B
| $48.9M | 2.13% |
842,463
-52,194
| -6% | -$3.32M |
|
|
20
Melco Resorts & Entertainment
MLCO
$2.09B
| $45.4M | 1.98% |
6,081,603
+5,991,333
| +6,637% | +$45.2M |
|
21
SharkNinja
SN
$25.5B
| $44.9M | 1.96% |
597,173
-125,889
| -17% | -$8.87M |
|
22
White Mountains Insurance
WTM
$5.04B
| $38.9M | 1.7% |
21,423
-3,285
| -13% | -$5.81M |
|
23
Atlanta Braves Holdings Series B
BATRK
$3.33B
| $38.8M | 1.69% |
983,262
| – | – |
|
24
Oscar Health
OSCR
$9.89B
| $38M | 1.66% |
2,401,192
-670,260
| -22% | -$12.3M |
|
25
Huazhu Hotels Group
HTHT
$15.1B
| $36.6M | 1.59% |
1,097,939
+76,971
| +8% | +$2.9M |
|
Similar funds
Mason Hawkins's Q2 2024 Portfolio in Review
As of Q2 2024, Mason Hawkins held 48 positions worth $2.3B, down 12% from $2.6B the previous quarter. Its ten largest holdings account for 52% of the portfolio.
Mason Hawkins withdrew a net $123M in Q2 2024, closing 2 positions and reducing 23 holdings. Its most notable exit was Liberty Broadband Class C, an estimated $54M position sold in full.
By sector, the portfolio is most concentrated in Consumer Discretionary at 21% of assets, up from 18% a quarter earlier, followed by Communication Services and Industrials.
Against the trend, Mason Hawkins opened a new position in Liberty Live Group Series C worth $21.1M.
- Mason Hawkins's largest Q2 2024 buy was Liberty Live Group Series C: 552,140 shares worth $21.1M.
- Mason Hawkins added most to Melco Resorts & Entertainment in Q2 2024, an estimated $45.2M increase.
- Mason Hawkins's biggest Q2 2024 reduction was CNX Resources, cutting an estimated $45.1M.
- Mason Hawkins fully exited Liberty Broadband Class C in Q2 2024, selling an estimated $54M.
- Mason Hawkins's ten largest holdings make up 52% of its $2.3B portfolio in Q2 2024.
- Mason Hawkins opened 5 new positions and closed 2 in Q2 2024.
- Mason Hawkins's portfolio value fell 12% quarter-over-quarter to $2.3B.
Based on Southeastern Asset Management's 13F filing for Q2 2024, filed 14 Aug 2024.