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
|
+$113M |
| 2 |
Avantor
AVTR
|
+$66.3M |
| 3 |
PCH
PotlatchDeltic
PCH
|
+$48.7M |
| 4 |
GLIBK
Liberty Capital Corp Series C GCI Group Common Stock
GLIBK
|
+$30.5M |
| 5 |
Albertsons Companies
ACI
|
+$29.1M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
HF Sinclair
DINO
|
+$72M |
| 2 |
Hyatt Hotels
H
|
+$42.6M |
| 3 |
Melco Resorts & Entertainment
MLCO
|
+$40.1M |
| 4 |
Millicom
TIGO
|
+$38.9M |
| 5 |
PVH
PVH
|
+$34.1M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Consumer Discretionary | 21.48% |
| 2 | Real Estate | 13.02% |
| 3 | Consumer Staples | 11.78% |
| 4 | Industrials | 11.6% |
| 5 | Communication Services | 11.52% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
1
CNX Resources
CNX
$5.38B
| $153M | 7.79% |
4,752,629
+289,873
| +6% | +$8.88M |
|
2
Mattel
MAT
$4.15B
| $137M | 7.01% |
8,161,296
+941,031
| +13% | +$17.2M |
|
|
3
Rayonier
RYN
$6.31B
| $119M | 6.09% |
+4,716,258
| New | +$113M |
|
4
Kraft Heinz
KHC
$30.3B
| $94.7M | 4.83% |
3,637,374
-36,887
| -1% | -$1M |
|
|
PPLI
5
People Inc
PPLI
$2.86B
| $94.3M | 4.81% |
2,767,511
-163,469
| -6% | -$6.1M |
|
6
FedEx
FDX
$76.9B
| $88.3M | 4.51% |
374,380
-5,156
| -1% | -$1.19M |
|
|
PCH
7
DELISTED
PotlatchDeltic
PCH
| $86.9M | 4.43% |
2,131,754
+1,175,507
| +123% | +$48.7M |
|
|
8
Albertsons Companies
ACI
$6.01B
| $86.6M | 4.42% |
4,943,869
+1,481,692
| +43% | +$29.1M |
|
9
Regeneron Pharmaceuticals
REGN
$85.9B
| $81.3M | 4.15% |
144,607
-15,974
| -10% | -$9.03M |
|
|
10
PVH
PVH
$3.62B
| $78.4M | 4% |
935,398
-434,456
| -32% | -$34.1M |
|
11
Bio-Rad Laboratories Class A
BIO
$10.2B
| $66.5M | 3.4% |
237,254
-78,031
| -25% | -$21.2M |
|
|
12
Avantor
AVTR
$9.78B
| $64.3M | 3.28% |
+5,149,420
| New | +$66.3M |
|
13
MGM Resorts International
MGM
$11B
| $60.6M | 3.09% |
1,748,002
-27,102
| -2% | -$995K |
|
14
ACM Research
ACMR
$5.53B
| $58.1M | 2.97% |
1,485,687
+299,943
| +25% | +$8.9M |
|
15
Fortune Brands Innovations
FBIN
$5.32B
| $54.2M | 2.77% |
1,015,602
-15,713
| -2% | -$886K |
|
16
White Mountains Insurance
WTM
$5.04B
| $52.9M | 2.7% |
31,652
+10,558
| +50% | +$18.8M |
|
17
SharkNinja
SN
$25.5B
| $52.3M | 2.67% |
507,418
-24,242
| -5% | -$2.77M |
|
18
Graham Holdings Company
GHC
$4.94B
| $41.6M | 2.12% |
35,357
-7,542
| -18% | -$7.8M |
|
19
Fidelity National Information Services
FIS
$21.3B
| $41.3M | 2.11% |
626,109
-323,148
| -34% | -$23.6M |
|
|
CNH
20
CNH Industrial
CNH
$19.1B
| $40.3M | 2.06% |
3,716,808
-44,439
| -1% | -$543K |
|
21
TripAdvisor
TRIP
$1.17B
| $38.1M | 1.95% |
2,344,984
-245,964
| -9% | -$4.29M |
|
22
PayPal
PYPL
$52.7B
| $37.5M | 1.91% |
559,156
-6,704
| -1% | -$473K |
|
23
Huazhu Hotels Group
HTHT
$15.1B
| $34.3M | 1.75% |
876,862
-19,894
| -2% | -$695K |
|
24
Shenandoah Telecom
SHEN
$683M
| $32.9M | 1.68% |
2,448,240
+160,172
| +7% | +$2.2M |
|
25
Walt Disney
DIS
$186B
| $32.7M | 1.67% |
285,860
-4,470
| -2% | -$526K |
|
Similar funds
Mason Hawkins's Q3 2025 Portfolio in Review
As of Q3 2025, Mason Hawkins held 55 positions worth $1.96B, down 1.2% from $1.98B the previous quarter. Its ten largest holdings account for 52% of the portfolio.
Mason Hawkins's Q3 2025 filing shows 6 new, 11 increased, 22 reduced and 6 closed positions. Its largest new stake was Rayonier: 4,716,258 shares worth $119M. The largest sale was HF Sinclair, an estimated $72M.
By sector, the portfolio is most concentrated in Consumer Discretionary at 21% of assets, down from 25% a quarter earlier, followed by Real Estate and Consumer Staples.
- Mason Hawkins's largest Q3 2025 buy was Rayonier: 4,716,258 shares worth $119M.
- Mason Hawkins added most to PotlatchDeltic in Q3 2025, an estimated $48.7M increase.
- Mason Hawkins's biggest Q3 2025 reduction was Hyatt Hotels, cutting an estimated $42.6M.
- Mason Hawkins fully exited HF Sinclair in Q3 2025, selling an estimated $72M.
- Mason Hawkins's ten largest holdings make up 52% of its $1.96B portfolio in Q3 2025.
- Mason Hawkins opened 6 new positions and closed 6 in Q3 2025.
- Mason Hawkins's portfolio value fell 1.2% quarter-over-quarter to $1.96B.
Based on Southeastern Asset Management's 13F filing for Q3 2025, filed 14 Nov 2025.