Southeastern Asset Management

Q2 2026 13F · by Ross Glotzbach, CEO

As of: Jun 30, 2026
Filed: Aug 14, 2026
US stock: $1.9B · prev $2.0B
Positions: 47 · prev 49
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%

Moves38 since the prior filing

+7.3 pp in · −7.7 pp out

New 2 +4.98 pp
Added 8 +2.31 pp
Trimmed 24 −5.45 pp
Exited 4 −2.29 pp

The book

Concentrated · behaves like 20 equal-sized positions

Very concentrated
Concentrated
Focused
Diversified

Moderate turnover · 40% a year, about 2.5 years per position

Low
Moderate
High

Top 5 positions41% of US stock

RYN Rayonier Inc. trimmed−0.38 pp trimmed−0.3810.5%
MAT Mattel, Inc. trimmed−0.24 pp trimmed−0.248.9%
CNX CNX Resources Corporation added+0.64 pp added+0.648.3%
PPLI People Incorporated trimmed−0.38 pp trimmed−0.387.5%
ACI Albertsons Companies, Inc. added−0.13 pp added−0.136.1%

Positions47 in this filing · 4 exited


RYNRayonier Inc.	10.54%	9,491,347	$202M	trimmed−12%	−0.38 pp	4 q
MATMattel, Inc.	8.92%	12,322,555	$171M	trimmed−4%	−0.24 pp	36 q
CNXCNX Resources Corporation	8.25%	4,663,053	$158M	added+16%	+0.64 pp	35 q
PPLIPeople Incorporated	7.54%	3,131,835	$145M	trimmed−22%	−0.38 pp	20 q
ACIAlbertsons Companies, Inc.	6.09%	8,636,262	$117M	added+16%	−0.13 pp	8 q
REGNRegeneron Pharmaceuticals Inc	4.95%	152,322	$95M	added+17%	−0.02 pp	6 q
FBINFortune Brands Innovations, Inc.	4.83%	1,687,109	$93M	trimmed−22%	+0.70 pp	5 q
KHCThe Kraft Heinz Company	4.45%	3,607,946	$85M	trimmed−9%	+0.08 pp	7 q
ABTAbbott Laboratories	3.98%	840,747	$76M	new	+3.98 pp	new
FDXFedEx Corporation	3.18%	194,828	$61M	trimmed−21%	−1.16 pp	53+ q
MGMMgm Resorts International	2.92%	1,169,513	$56M	trimmed−30%	−0.11 pp	24 q
ESRTEmpire State Realty Trust, Inc.	2.45%	8,696,434	$47M	added+34%	+0.79 pp	26 q
AVTRAvantor, Inc.	2.44%	4,725,478	$47M	added+34%	+1.08 pp	4 q
PVHPVH Corp.	2.44%	629,897	$47M	trimmed−15%	−0.09 pp	17 q
GLIBKLiberty Capital Corporation Series C GCI Group	2.18%	1,935,424	$42M	added+47%	−0.24 pp	4 q
SHENShenandoah Telecom Co	2.06%	2,616,797	$39M	trimmed−11%	−0.17 pp	6 q
CNHCnh Industrial N.v.	2.06%	3,518,270	$40M	trimmed−5%	+0.05 pp	48 q
WTMWhite Mountains Insurance Group Ltd.	1.85%	17,104	$35M	trimmed−9%	−0.19 pp	19 q
GHCGraham Holdings Company	1.74%	29,156	$33M	trimmed−23%	−0.22 pp	51 q
BATRKAtlanta Braves Holdings, Inc. Series C	1.64%	605,091	$31M	trimmed−10%	+0.23 pp	24 q
TRIPTripAdvisor, Inc.	1.62%	2,258,466	$31M	trimmed−51%	−0.79 pp	6 q
FISFidelity National Information Services, Inc.	1.56%	769,137	$30M	trimmed−7%	−0.35 pp	14 q
ALXAlexander's Inc.	1.42%	99,013	$27M	held	—	5 q
SAMBoston Beer Company	1.35%	146,043	$26M	added+23%	+0.01 pp	14 q
CLWClearwater Paper Corporation	1.26%	1,539,556	$24M	added+1%	+0.18 pp	5 q
DOLEDole plc	1.25%	1,752,155	$24M	trimmed−9%	−0.11 pp	9 q
TMETencent Music Entertainment Group	1.00%	2,305,210	$19M	new	+1.00 pp	new
EDUNew Oriental Education and Technology Group, Inc.	0.99%	411,598	$19M	trimmed−21%	−0.46 pp	3 q
KSPIJoint Stock Company Kaspi.kz American Depository Shares	0.96%	212,999	$18M	trimmed−11%	+0.08 pp	5 q
ACMRACM Research, Inc. Class A	0.92%	139,478	$18M	trimmed−82%	−0.60 pp	5 q
MICCThe Magnum Ice Cream Company N.V.	0.91%	1,001,588	$17M	trimmed−38%	−0.28 pp	3 q
SNSharkNinja, Inc.	0.50%	63,234	$10M	trimmed−75%	−0.81 pp	12 q
HTHTH World Group Limited	0.45%	205,682	$9M	trimmed−11%	−0.12 pp	18 q
MLCOMelco Resorts & Entertainment Limited	0.44%	1,607,854	$8M	trimmed−11%	−0.06 pp	25 q
AMGAffiliated Managers Group	0.10%	5,562	$2M	held	—	32 q
CAHCardinal Health, Inc.	0.09%	7,337	$2M	held	—	20 q
GLIBALiberty Capital Corporation Series A GCI Group	0.08%	72,692	$2M	trimmed−10%	−0.07 pp	4 q
HHyatt Hotels Corporation	0.08%	7,733	$1M	held	—	26 q
LYVLive Nation Entertainment Inc.	0.08%	8,434	$2M	held	—	14 q
MSGSMadison Square Garden Sports Corp.	0.07%	3,218	$1M	held	—	21 q
HSICHenry Schein Inc	0.07%	17,038	$1M	held	—	8 q
XPOXPO, Inc.	0.07%	6,336	$1M	held	—	19 q
RXORXO, Inc.	0.06%	43,731	$1M	held	—	15 q
ENOVEnovis Corporation	0.05%	44,258	$916,141	held	—	11 q
PYPLPayPal Holdings, Inc.	0.05%	22,463	$969,952	held	—	12 q
LAZLazard, Inc.	0.04%	18,608	$780,420	held	—	32 q
HDBHDFC Bank Limited	0.01%	10,462	$270,233	held	—	11 q
BIOBio-Rad Laboratories, Inc.Class A	—	−162,804	—	exited	−2.23 pp	—
STZConstellation Brands, Inc.	—	−3,661	—	exited	−0.03 pp	—
CLVTClarivate Plc	—	−121,927	—	exited	−0.02 pp	—
FISVFiserv, Inc.	—	−3,990	—	exited	−0.01 pp	—

Source

Form: 13F-HR
Reading: 0 defects · 0 unresolved
Accession: 0001398344-26-014641
Options: none in this filing
Notes: none in this filing
SEC cross-check: SEC data set not published yet

Search