Southeastern Asset Management (Longleaf)
Mason HawkinsMEMPHIS, TNfiles as SOUTHEASTERN ASSET MANAGEMENT INC/TN/
$1.9bn in 47 US stocks at the end of 30 June 2026. The top 10 are 62.7% of the money. It changed about 9.3% of the portfolio this quarter.
Value
$1.9bn
Stocks
47
Top 10 share
62.7%
Turnover
9.3%
What changed this quarter
New
Bought for the first time this quarter.
- Abbott LaboratoriesABT4.0% of the fund
- Tencent Music Entmt GroupTME1.0% of the fund
Added
Bought more of a stock they already held.
- CNX ResourcesCNX8.3% of the fund+16%
- Albertsons CompaniesACI6.1% of the fund+16%
- Regeneron PharmaceuticalsREGN5.0% of the fund+17%
- Empire State Realty TrustESRT2.5% of the fund+34%
- AvantorAVTR2.4% of the fund+34%
- Liberty CapitalGLIBK2.2% of the fund+47%
- Boston BeerSAM1.3% of the fund+23%
Cut
Sold some of their stake.
- RayonierRYN10.5% of the fund-12%
- MattelMAT8.9% of the fund-4%
- People Inc.PPLI7.5% of the fund-22%
- Fortune Brands InnovationsFBIN4.8% of the fund-22%
- Kraft HeinzKHC4.4% of the fund-9%
- FedExFDX3.2% of the fund-21%
- MGM Resorts InternationalMGM2.9% of the fund-30%
- PVHPVH2.4% of the fund-15%
- CNH IndustrialCNH2.1% of the fund-5%
- Shenandoah TelecommunicationsSHEN2.1% of the fund-11%
- White Mountains Insurance GroupWTM1.8% of the fund-9%
- Graham HoldingsGHC1.7% of the fund-23%
- Atlanta Braves HoldingsBATRK1.6% of the fund-10%
- TripAdvisorTRIP1.6% of the fund-51%
- Fidelity National Information ServicesFIS1.6% of the fund-7%
- DoleDOLE1.3% of the fund-9%
- New Oriental Education & Technology GroupEDU1.0% of the fund-21%
- Joint Stock Co Kaspi.kzKSPI1.0% of the fund-11%
- ACM ResearchACMR0.9% of the fund-82%
- Magnum Ice CreamMICC0.9% of the fund-38%
- SharkNinjaSN0.5% of the fund-75%
- H World GroupHTHT0.4% of the fund-11%
- Melco Resorts and EntmntMLCO0.4% of the fund-11%
- Liberty CapitalGLIBA<0.1% of the fund-10%
Sold out
Sold their entire stake.
- Bio-Rad LaboratoriesBIO-100%
- Constellation BrandsSTZ-100%
- ClarivateCLVT-100%
- FiservFISV-100%
Holdings
- Tencent Music Entmt GroupTME
- Share
- 1.0%
- Value
- $19m
- Shares
- 2,305,210
New
- H World GroupHTHT
- Share
- 0.4%
- Value
- $9m
- Shares
- 205,682
-11%
- Melco Resorts and EntmntMLCO
- Share
- 0.4%
- Value
- $8m
- Shares
- 1,607,854
-11%
| Company | Share of fund | Value | Shares | Change |
|---|---|---|---|---|
| RayonierRYN | 10.5% | $202m | 9,491,347 | -12% |
| MattelMAT | 8.9% | $171m | 12,322,555 | -4% |
| CNX ResourcesCNX | 8.3% | $158m | 4,663,053 | +16% |
| People Inc.PPLI | 7.5% | $145m | 3,131,835 | -22% |
| Albertsons CompaniesACI | 6.1% | $117m | 8,636,262 | +16% |
| Regeneron PharmaceuticalsREGN | 5.0% | $95m | 152,322 | +17% |
| Fortune Brands InnovationsFBIN | 4.8% | $93m | 1,687,109 | -22% |
| Kraft HeinzKHC | 4.4% | $85m | 3,607,946 | -9% |
| Abbott LaboratoriesABT | 4.0% | $76m | 840,747 | New |
| FedExFDX | 3.2% | $61m | 194,828 | -21% |
| MGM Resorts InternationalMGM | 2.9% | $56m | 1,169,513 | -30% |
| Empire State Realty TrustESRT | 2.5% | $47m | 8,696,434 | +34% |
| AvantorAVTR | 2.4% | $47m | 4,725,478 | +34% |
| PVHPVH | 2.4% | $47m | 629,897 | -15% |
| Liberty CapitalGLIBK | 2.2% | $42m | 1,935,424 | +47% |
| CNH IndustrialCNH | 2.1% | $40m | 3,518,270 | -5% |
| Shenandoah TelecommunicationsSHEN | 2.1% | $39m | 2,616,797 | -11% |
| White Mountains Insurance GroupWTM | 1.8% | $35m | 17,104 | -9% |
| Graham HoldingsGHC | 1.7% | $33m | 29,156 | -23% |
| Atlanta Braves HoldingsBATRK | 1.6% | $31m | 605,091 | -10% |
| TripAdvisorTRIP | 1.6% | $31m | 2,258,466 | -51% |
| Fidelity National Information ServicesFIS | 1.6% | $30m | 769,137 | -7% |
| AlexandersALX | 1.4% | $27m | 99,013 | Held |
| Boston BeerSAM | 1.3% | $26m | 146,043 | +23% |
| Clearwater PaperCLW | 1.3% | $24m | 1,539,556 | Held |
| DoleDOLE | 1.3% | $24m | 1,752,155 | -9% |
| Tencent Music Entmt GroupTME | 1.0% | $19m | 2,305,210 | New |
| New Oriental Education & Technology GroupEDU | 1.0% | $19m | 411,598 | -21% |
| Joint Stock Co Kaspi.kzKSPI | 1.0% | $18m | 212,999 | -11% |
| ACM ResearchACMR | 0.9% | $18m | 139,478 | -82% |
| Magnum Ice CreamMICC | 0.9% | $17m | 1,001,588 | -38% |
| SharkNinjaSN | 0.5% | $10m | 63,234 | -75% |
| H World GroupHTHT | 0.4% | $9m | 205,682 | -11% |
| Melco Resorts and EntmntMLCO | 0.4% | $8m | 1,607,854 | -11% |
| Affiliated Managers GroupAMG | <0.1% | $2m | 5,562 | Held |
| Cardinal HealthCAH | <0.1% | $2m | 7,337 | Held |
| Liberty CapitalGLIBA | <0.1% | $2m | 72,692 | -10% |
| Live Nation EntertainmentLYV | <0.1% | $2m | 8,434 | Held |
| Hyatt HotelsH | <0.1% | $1m | 7,733 | Held |
| Henry ScheinHSIC | <0.1% | $1m | 17,038 | Held |
| XPOXPO | <0.1% | $1m | 6,336 | Held |
| Madison Square Garden SportsMSGS | <0.1% | $1m | 3,218 | Held |
| RXORXO | <0.1% | $1m | 43,731 | Held |
| PayPal HoldingsPYPL | <0.1% | $969,952 | 22,463 | Held |
| EnovisENOV | <0.1% | $916,141 | 44,258 | Held |
| LazardLAZ | <0.1% | $780,420 | 18,608 | Held |
| HDFC BankHDB | <0.1% | $270,233 | 10,462 | Held |
Over time and by industry
Value over time
Jun '25
Dec '25
Jun '26
Value is down 3.4% since 30 June 2025.
Where the money is
Retail & consumer19.3%
Real estate14.4%
Everyday goods14.1%
Health care11.6%
Industrials11.1%
Technology10.1%
Energy8.3%
Media & telecom4.4%
Financial services3.6%
Materials1.3%
Other1.9%
From the fund's 13F filings. They list US stocks and options only, 45 days after each quarter, and leave out cash, bonds, shorts and foreign shares.