Southeastern Asset Management

Q2 2024 13F · by Ross Glotzbach, CEO

As of: Jun 30, 2024
Filed: Aug 14, 2024
US stock: $2.3B · prev $2.6B
Positions: 46 · prev 43
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%

Moves43 since the prior filing

+6.1 pp in · −6.3 pp out

New 5 +3.12 pp
Added 13 +2.93 pp
Trimmed 23 −3.53 pp
Exited 2 −2.79 pp

The book

Focused · behaves like 26 equal-sized positions

Very concentrated
Concentrated
Focused
Diversified

Moderate turnover · 26% a year, about 3.8 years per position

Low
Moderate
High

Top 5 positions31% of US stock

CNX CNX Resources Corporation trimmed−0.62 pp trimmed−0.627.6%
FDX FedEx Corporation trimmed+0.63 pp trimmed+0.636.7%
MAT Mattel, Inc. trimmed−0.69 pp trimmed−0.695.8%
AMG Affiliated Managers Group trimmed+0.02 pp trimmed+0.025.4%
FIS Fidelity National Information Services, Inc. trimmed+0.40 pp trimmed+0.405.0%

Positions46 in this filing · 2 exited


CNXCNX Resources Corporation	7.63%	7,204,242	$175M	trimmed−20%	−0.62 pp	27 q
FDXFedEx Corporation	6.67%	510,233	$153M	trimmed−6%	+0.63 pp	45 q
MATMattel, Inc.	5.81%	8,208,508	$133M	trimmed−4%	−0.69 pp	28 q
AMGAffiliated Managers Group	5.41%	795,249	$124M	trimmed−5%	+0.02 pp	24 q
FISFidelity National Information Services, Inc.	5.02%	1,527,520	$115M	trimmed−6%	+0.40 pp	6 q
PPLIPeople Incorporated	4.97%	2,434,682	$114M	trimmed−6%	−0.34 pp	12 q
KELKellanova	4.95%	1,969,069	$114M	trimmed−6%	+0.35 pp	6 q
MGMMgm Resorts International	4.32%	2,232,958	$99M	added+10%	+0.65 pp	16 q
BIOBio-Rad Laboratories, Inc.Class A	3.87%	325,013	$89M	trimmed−6%	−0.70 pp	5 q
LYVLive Nation Entertainment Inc.	3.69%	902,463	$85M	trimmed−23%	−1.05 pp	6 q
WBDWarner Bros. Discovery, Inc. Series A	3.51%	10,831,394	$81M	trimmed−7%	−0.38 pp	9 q
CNHCnh Industrial N.v.	3.10%	7,026,818	$71M	trimmed−6%	−0.63 pp	40 q
WMGWarner Music Group Corp. Class A	2.90%	2,168,568	$66M	trimmed−6%	−0.03 pp	8 q
HHyatt Hotels Corporation	2.81%	425,190	$65M	trimmed−4%	+0.10 pp	18 q
GHCGraham Holdings Company	2.51%	82,296	$58M	trimmed−6%	−0.08 pp	43 q
PVHPVH Corp.	2.41%	522,158	$55M	added+66%	+0.71 pp	9 q
RTXRTX Corporation	2.36%	538,984	$54M	trimmed−32%	−0.62 pp	4 q
WESTWestrock Coffee Company	2.36%	5,286,671	$54M	trimmed−4%	+0.17 pp	8 q
PYPLPayPal Holdings, Inc.	2.13%	842,463	$49M	trimmed−6%	−0.17 pp	4 q
MLCOMelco Resorts & Entertainment Limited	1.98%	6,081,603	$45M	added×67.4	+1.95 pp	17 q
SNSharkNinja, Inc.	1.96%	597,173	$45M	trimmed−17%	+0.23 pp	4 q
WTMWhite Mountains Insurance Group Ltd.	1.70%	21,423	$39M	trimmed−13%	0.00 pp	11 q
BATRKAtlanta Braves Holdings, Inc. Series C	1.69%	983,262	$39M	held	—	16 q
OSCROscar Health, Inc.	1.65%	2,401,192	$38M	trimmed−22%	−0.10 pp	11 q
HTHTH World Group Limited	1.59%	1,097,939	$37M	added+8%	+0.07 pp	10 q
PKPark Hotels & Resorts Inc.	1.58%	2,428,008	$36M	held	—	4 q
PCHPotlatchDeltic Corporation	1.50%	872,121	$34M	held	—	2 q
SAMBoston Beer Company	1.41%	106,317	$32M	held	—	6 q
FISVFiserv, Inc.	1.38%	211,917	$32M	trimmed−7%	−0.01 pp	11 q
IMKTAIngles Markets Inc	1.32%	440,648	$30M	held	—	5 q
ESRTEmpire State Realty Trust, Inc.	1.11%	2,716,213	$25M	trimmed−11%	−0.08 pp	18 q
LLYVKLiberty Media Corp-liberty-c	0.92%	552,140	$21M	new	+0.92 pp	new
HHHHoward Hughes Holdings Inc.	0.90%	319,813	$21M	new	+0.90 pp	new
DOLEDole plc	0.87%	1,627,704	$20M	new	+0.87 pp	new
HOUSAnywhere Real Estate Inc.	0.83%	5,758,034	$19M	added0%	−0.54 pp	27 q
HDBHDFC Bank Limited	0.34%	123,075	$8M	trimmed−1%	+0.07 pp	3 q
IBTAIbotta, Inc.	0.23%	70,000	$5M	new	+0.23 pp	new
LLYVALiberty Media Corp-liberty-a	0.20%	119,887	$4M	new	+0.20 pp	new
CAHCardinal Health, Inc.	0.08%	17,581	$2M	added+23%	+0.02 pp	12 q
XPOXPO, Inc.	0.07%	15,980	$2M	added+23%	+0.01 pp	11 q
RXORXO, Inc.	0.06%	53,978	$1M	added+23%	+0.02 pp	7 q
GOOGAlphabet Inc. Class C	0.05%	6,527	$1M	added+23%	+0.02 pp	9 q
GEHCGE HealthCare Technologies Inc.	0.05%	15,627	$1M	added+19%	0.00 pp	6 q
ENOVEnovis Corporation	0.04%	22,786	$1M	added+24%	0.00 pp	3 q
LAZLazard, Inc.	0.04%	22,863	$872,909	added+23%	+0.01 pp	24 q
MSGSMadison Square Garden Sports Corp.	0.03%	4,028	$757,788	added+25%	+0.01 pp	13 q
LBRDKLiberty Broadband Corporation Class C	—	−944,340	—	exited	−2.08 pp	—
DEIDouglas Emmett, Inc.	—	−1,331,344	—	exited	−0.71 pp	—

Source

Form: 13F-HR
Reading: 0 defects · 0 unresolved
Accession: 0000807985-24-000014
Options: none in this filing
Notes: none in this filing
SEC cross-check: SEC data set not published yet

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