Southeastern Asset Management

Q2 2021 13F · by Ross Glotzbach, CEO

As of: Jun 30, 2021
Filed: Aug 13, 2021
US stock: $5.0B · prev $4.7B
Positions: 24 · prev 24
Options notional: $0
Documents: 1· no amendments

Picture100.0% US stock

Full picture · of what this 13F reports is US stock

US stock listed on a US exchange 100.0%
Foreign stock not listed in the US 0.0%
Notes debt, at principal 0.0%
Puts at notional value 0.0%
Calls at notional value 0.0%

Moves23 since the prior filing

+5.7 pp in · −5.7 pp out

New 1 +2.68 pp
Added 12 +3.06 pp
Trimmed 9 −2.13 pp
Exited 1 −3.61 pp

The book

Concentrated · behaves like 15 equal-sized positions

Very concentrated
Concentrated
Focused
Diversified

Low turnover · 17% a year, about 5.9 years per position

Low
Moderate
High

Top 5 positions44% of US stock

LUMN Lumen Technologies, Inc. trimmed−0.89 pp trimmed−0.8916.9%
CNX CNX Resources Corporation trimmed−1.55 pp trimmed−1.557.7%
MAT Mattel, Inc. added+0.79 pp added+0.797.7%
unresolved General Electric Co added−0.22 pp added−0.225.9%
H Hyatt Hotels Corporation added−0.62 pp added−0.625.4%

Positions24 in this filing · 1 exited


LUMNLumen Technologies, Inc.	16.85%	61,657,646	$838M	trimmed−1%	−0.89 pp	15 q
CNXCNX Resources Corporation	7.74%	28,166,481	$385M	trimmed−5%	−1.55 pp	15 q
MATMattel, Inc.	7.67%	18,990,844	$382M	added+18%	+0.79 pp	16 q
unresolvedGeneral Electric Co	5.86%	21,668,307	$292M	added0%	−0.22 pp	15 q
HHyatt Hotels Corporation	5.42%	3,469,046	$269M	added+2%	−0.62 pp	6 q
CMCSAComcast Corp	5.33%	4,649,116	$265M	trimmed−0%	−0.06 pp	14 q
FDXFedEx Corporation	5.07%	846,047	$252M	trimmed−0%	−0.07 pp	33 q
MGMMgm Resorts International	4.82%	5,620,837	$240M	trimmed−0%	+0.25 pp	4 q
AMGAffiliated Managers Group	4.68%	1,511,033	$233M	added+19%	+0.63 pp	12 q
LAZLazard, Inc.	4.52%	4,966,928	$225M	added+5%	+0.10 pp	12 q
WMBWilliams Companies Inc.	4.17%	7,812,734	$207M	trimmed−5%	−0.02 pp	7 q
BIDUBaidu, Inc.	3.84%	937,470	$191M	added+23%	+0.31 pp	24 q
DEIDouglas Emmett, Inc.	3.63%	5,368,134	$180M	added+34%	+0.95 pp	3 q
ESRTEmpire State Realty Trust, Inc.	3.27%	13,555,997	$163M	added+6%	+0.23 pp	6 q
HOUSAnywhere Real Estate Inc.	3.18%	8,692,040	$158M	trimmed−1%	+0.35 pp	15 q
GHCGraham Holdings Company	2.78%	218,435	$138M	added+5%	+0.28 pp	31 q
MSGSMadison Square Garden Sports Corp.	2.68%	771,602	$133M	new	+2.68 pp	new
EGEverest Group, Ltd.	2.53%	498,778	$126M	added+24%	+0.40 pp	4 q
BABAAlibaba Group Holding Limited	2.30%	504,273	$114M	added+41%	+0.57 pp	2 q
BATRKAtlanta Braves Holdings, Inc. Series C	1.43%	2,564,047	$71M	trimmed−2%	−0.12 pp	4 q
JOYYJOYY Inc.	0.90%	678,058	$45M	added+8%	−0.36 pp	2 q
CNHCnh Industrial N.v.	0.87%	2,595,375	$43M	trimmed−2%	−0.02 pp	28 q
KODKEastman Kodak Company	0.42%	2,534,892	$21M	held	—	20 q
MLCOMelco Resorts & Entertainment Limited	0.02%	66,723	$1M	held	—	5 q
BIIBBiogen Inc.	—	−603,890	—	exited	−3.61 pp	—

Source

Form: 13F-HR
Reading: 0 defects · 1 unresolved
Accession: 0000807985-21-000014
Options: none in this filing
Notes: none in this filing
SEC cross-check: SEC data set not published yet

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