Southeastern Asset Management

Q1 2026 13F · by Ross Glotzbach, CEO

As of: Mar 31, 2026
Filed: May 15, 2026
US stock: $2.0B · prev $2.2B
Positions: 49 · prev 53
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%

Moves31 since the prior filing

+13.1 pp in · −15.3 pp out

New 0 0.00 pp
Added 12 +13.15 pp
Trimmed 15 −7.05 pp
Exited 4 −8.21 pp

The book

Concentrated · behaves like 19 equal-sized positions

Very concentrated
Concentrated
Focused
Diversified

Moderate turnover · 56% a year, about 1.8 years per position

Low
Moderate
High

Top 5 positions42% of US stock

RYN Rayonier Inc. added+5.44 pp added+5.4410.9%
MAT Mattel, Inc. added+1.59 pp added+1.599.2%
PPLI People Incorporated added+0.97 pp added+0.977.9%
CNX CNX Resources Corporation trimmed−0.15 pp trimmed−0.157.6%
ACI Albertsons Companies, Inc. added+1.50 pp added+1.506.2%

Positions49 in this filing · 4 exited


RYNRayonier Inc.	10.92%	10,762,643	$222M	added+90%	+5.44 pp	3 q
MATMattel, Inc.	9.16%	12,812,157	$186M	added+49%	+1.59 pp	35 q
PPLIPeople Incorporated	7.92%	4,022,729	$161M	added+1%	+0.97 pp	19 q
CNXCNX Resources Corporation	7.61%	4,014,111	$155M	trimmed−15%	−0.15 pp	34 q
ACIAlbertsons Companies, Inc.	6.22%	7,419,801	$126M	added+20%	+1.50 pp	7 q
REGNRegeneron Pharmaceuticals Inc	4.97%	130,662	$101M	trimmed−21%	−0.73 pp	5 q
KHCThe Kraft Heinz Company	4.37%	3,948,713	$89M	trimmed−12%	−0.48 pp	6 q
FDXFedEx Corporation	4.34%	247,495	$88M	trimmed−31%	−0.28 pp	52 q
FBINFortune Brands Innovations, Inc.	4.13%	2,153,285	$84M	added+83%	+1.51 pp	4 q
MGMMgm Resorts International	3.03%	1,662,961	$62M	trimmed−18%	−0.27 pp	23 q
PVHPVH Corp.	2.53%	736,935	$51M	held	—	16 q
GLIBKLiberty Capital Corporation Series C GCI Group	2.42%	1,321,110	$49M	held	—	3 q
TRIPTripAdvisor, Inc.	2.41%	4,598,068	$49M	added+62%	+0.57 pp	5 q
BIOBio-Rad Laboratories, Inc.Class A	2.23%	162,804	$45M	trimmed−28%	−0.84 pp	12 q
SHENShenandoah Telecom Co	2.23%	2,940,296	$45M	held	—	5 q
WTMWhite Mountains Insurance Group Ltd.	2.04%	18,864	$41M	trimmed−40%	−0.89 pp	18 q
CNHCnh Industrial N.v.	2.01%	3,716,808	$41M	held	—	47 q
GHCGraham Holdings Company	1.96%	37,760	$40M	added+6%	+0.21 pp	50 q
FISFidelity National Information Services, Inc.	1.91%	827,501	$39M	added+33%	+0.07 pp	13 q
ESRTEmpire State Realty Trust, Inc.	1.66%	6,473,317	$34M	added+75%	+0.58 pp	25 q
ACMRACM Research, Inc. Class A	1.52%	782,900	$31M	trimmed−53%	−1.43 pp	4 q
EDUNew Oriental Education and Technology Group, Inc.	1.45%	522,280	$30M	added+38%	+0.52 pp	2 q
BATRKAtlanta Braves Holdings, Inc. Series C	1.41%	671,014	$29M	held	—	23 q
AVTRAvantor, Inc.	1.36%	3,520,212	$28M	trimmed−1%	−0.45 pp	3 q
DOLEDole plc	1.36%	1,933,708	$28M	held	—	8 q
SAMBoston Beer Company	1.34%	118,401	$27M	trimmed−20%	+0.05 pp	13 q
SNSharkNinja, Inc.	1.31%	250,666	$27M	trimmed−13%	−0.13 pp	11 q
MICCThe Magnum Ice Cream Company N.V.	1.19%	1,619,620	$24M	added+13%	+0.18 pp	2 q
ALXAlexander's Inc.	1.15%	99,013	$23M	trimmed−19%	−0.04 pp	4 q
CLWClearwater Paper Corporation	1.08%	1,525,491	$22M	added+10%	+0.01 pp	4 q
KSPIJoint Stock Company Kaspi.kz American Depository Shares	0.88%	240,628	$18M	held	—	4 q
HTHTH World Group Limited	0.57%	231,372	$12M	held	—	17 q
MLCOMelco Resorts & Entertainment Limited	0.50%	1,797,254	$10M	held	—	24 q
GLIBALiberty Capital Corporation Series A GCI Group	0.15%	80,675	$3M	held	—	3 q
AMGAffiliated Managers Group	0.08%	5,562	$2M	held	—	31 q
CAHCardinal Health, Inc.	0.08%	7,337	$2M	trimmed−15%	0.00 pp	19 q
LYVLive Nation Entertainment Inc.	0.06%	8,434	$1M	held	—	13 q
HSICHenry Schein Inc	0.06%	17,038	$1M	held	—	7 q
XPOXPO, Inc.	0.06%	6,336	$1M	trimmed−51%	−0.02 pp	18 q
ENOVEnovis Corporation	0.05%	44,258	$1M	held	—	10 q
HHyatt Hotels Corporation	0.05%	7,733	$1M	held	—	25 q
MSGSMadison Square Garden Sports Corp.	0.05%	3,218	$1M	held	—	20 q
PYPLPayPal Holdings, Inc.	0.05%	22,463	$1M	trimmed−96%	−1.39 pp	11 q
LAZLazard, Inc.	0.04%	18,608	$790,468	held	—	31 q
STZConstellation Brands, Inc.	0.03%	3,661	$549,150	held	—	3 q
RXORXO, Inc.	0.03%	43,731	$639,347	held	—	14 q
CLVTClarivate Plc	0.02%	121,927	$308,475	held	—	3 q
FISVFiserv, Inc.	0.01%	3,990	$222,642	held	—	2 q
HDBHDFC Bank Limited	0.01%	10,462	$260,295	held	—	10 q
PCHPotlatchDeltic Corporation	—	−3,162,963	—	exited	−5.60 pp	—
DISThe Walt Disney Company	—	−317,175	—	exited	−1.61 pp	—
LPXLouisiana-Pacific Corp.	—	−272,123	—	exited	−0.98 pp	—
ACHAccendra Health, Inc.	—	−181,735	—	exited	−0.02 pp	—

Source

Form: 13F-HR
Reading: 0 defects · 0 unresolved
Accession: 0001398344-26-009296
Options: none in this filing
Notes: none in this filing
SEC cross-check: SEC data set not published yet

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