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
|
+$112M |
| 2 |
Mattel
MAT
|
+$77.3M |
| 3 |
Fortune Brands Innovations
FBIN
|
+$50.7M |
| 4 |
Albertsons Companies
ACI
|
+$21.8M |
| 5 |
TripAdvisor
TRIP
|
+$20.5M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
PCH
PotlatchDeltic
PCH
|
+$126M |
| 2 |
ACM Research
ACMR
|
+$47.6M |
| 3 |
FedEx
FDX
|
+$38.7M |
| 4 |
Walt Disney
DIS
|
+$36.1M |
| 5 |
CNX Resources
CNX
|
+$28.2M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Consumer Discretionary | 19.56% |
| 2 | Consumer Staples | 15.96% |
| 3 | Communication Services | 14.24% |
| 4 | Real Estate | 13.72% |
| 5 | Industrials | 12.53% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
|
1
Rayonier
RYN
$6.31B
| $222M | 10.92% |
10,762,643
+5,083,702
| +90% | +$112M |
|
|
2
Mattel
MAT
$4.15B
| $186M | 9.16% |
12,812,157
+4,241,829
| +49% | +$77.3M |
|
|
PPLI
3
People Inc
PPLI
$2.86B
| $161M | 7.92% |
4,022,729
+33,389
| +0.8% | +$1.27M |
|
|
4
CNX Resources
CNX
$5.38B
| $155M | 7.61% |
4,014,111
-721,713
| -15% | -$28.2M |
|
|
5
Albertsons Companies
ACI
$6.01B
| $126M | 6.22% |
7,419,801
+1,253,089
| +20% | +$21.8M |
|
6
Regeneron Pharmaceuticals
REGN
$85.9B
| $101M | 4.97% |
130,662
-35,130
| -21% | -$26.9M |
|
7
Kraft Heinz
KHC
$30.3B
| $88.8M | 4.37% |
3,948,713
-539,403
| -12% | -$12.7M |
|
|
8
FedEx
FDX
$76.9B
| $88.2M | 4.34% |
247,495
-111,627
| -31% | -$38.7M |
|
|
9
Fortune Brands Innovations
FBIN
$5.32B
| $83.9M | 4.13% |
2,153,285
+975,182
| +83% | +$50.7M |
|
10
MGM Resorts International
MGM
$11B
| $61.5M | 3.03% |
1,662,961
-370,408
| -18% | -$13.2M |
|
11
PVH
PVH
$3.62B
| $51.4M | 2.53% |
736,935
| – | – |
|
|
GLIBK
12
Liberty Capital Corp Series C GCI Group Common Stock
GLIBK
$1.02B
| $49.2M | 2.42% |
1,321,110
| – | – |
|
|
13
TripAdvisor
TRIP
$1.17B
| $49M | 2.41% |
4,598,068
+1,759,811
| +62% | +$20.5M |
|
14
Bio-Rad Laboratories Class A
BIO
$10.2B
| $45.4M | 2.23% |
162,804
-64,826
| -28% | -$18.7M |
|
15
Shenandoah Telecom
SHEN
$683M
| $45.3M | 2.23% |
2,940,296
| – | – |
|
16
White Mountains Insurance
WTM
$5.04B
| $41.4M | 2.04% |
18,864
-12,788
| -40% | -$27.4M |
|
|
CNH
17
CNH Industrial
CNH
$19.1B
| $40.9M | 2.01% |
3,716,808
| – | – |
|
18
Graham Holdings Company
GHC
$4.94B
| $39.9M | 1.96% |
37,760
+2,039
| +6% | +$2.25M |
|
19
Fidelity National Information Services
FIS
$21.3B
| $38.8M | 1.91% |
827,501
+205,352
| +33% | +$11M |
|
20
Empire State Realty Trust
ESRT
$834M
| $33.7M | 1.66% |
6,473,317
+2,769,081
| +75% | +$16.6M |
|
|
21
ACM Research
ACMR
$5.53B
| $30.8M | 1.52% |
782,900
-897,281
| -53% | -$47.6M |
|
22
New Oriental
EDU
$8.88B
| $29.6M | 1.46% |
522,280
+142,719
| +38% | +$8.15M |
|
23
Atlanta Braves Holdings Series B
BATRK
$3.33B
| $28.7M | 1.41% |
671,014
| – | – |
|
24
Dole
DOLE
$1.26B
| $27.6M | 1.36% |
1,933,708
| – | – |
|
25
Avantor
AVTR
$9.78B
| $27.6M | 1.36% |
3,520,212
-28,306
| -0.8% | -$279K |
|
Similar funds
Mason Hawkins's Q1 2026 Portfolio in Review
As of Q1 2026, Mason Hawkins held 53 positions worth $2.03B, down 9.5% from $2.25B the previous quarter. Its ten largest holdings account for 63% of the portfolio.
Mason Hawkins withdrew a net $115M in Q1 2026, closing 4 positions and reducing 15 holdings. Its most notable exit was PotlatchDeltic, an estimated $126M position sold in full.
By sector, the portfolio is most concentrated in Consumer Discretionary at 20% of assets, up from 18% a quarter earlier, followed by Consumer Staples and Communication Services.
Against the trend, Mason Hawkins added an estimated $112M to Rayonier.
- Mason Hawkins added most to Rayonier in Q1 2026, an estimated $112M increase.
- Mason Hawkins's biggest Q1 2026 reduction was ACM Research, cutting an estimated $47.6M.
- Mason Hawkins fully exited PotlatchDeltic in Q1 2026, selling an estimated $126M.
- Mason Hawkins's ten largest holdings make up 63% of its $2.03B portfolio in Q1 2026.
- Mason Hawkins opened 0 new positions and closed 4 in Q1 2026.
- Mason Hawkins's portfolio value fell 9.5% quarter-over-quarter to $2.03B.
Based on Southeastern Asset Management's 13F filing for Q1 2026, filed 15 May 2026.