SOUTHEASTERN ASSET MANAGEMENT INC/TN/
Long book
$2.03B
Q1 2026
Positions
49
Top-10 weight
63%
concentration
Last quarter
+5.9%
SPY +14.8%
Turnover
8%
of book per quarter
Strategy in plain words
auto-generated from filingsSOUTHEASTERN ASSET MANAGEMENT INC/TN/ is a concentrated fundamental stock-picker, running a $2.03B US long book across 49 positions.
The portfolio is concentrated: the top 10 names carry 63% of the portfolio. The book barely moves quarter to quarter — a patient, low-turnover holder. Current anchor positions: RAYONIER INC, MATTEL INC, PEOPLE INC, CNX RESOURCES CORP, ALBERTSONS COS INC - CLASS A.
Over the last 9 quarters its long book ran on average 3.1pp per quarter behind the S&P 500, beating the index in 3 of 9 quarters. We rate its filings highest-signal: new buys here are worth attention.
Implied long-book return vs S&P 500
methodology: positions priced quarterly, no shorts/options Fund long book S&P 500
Q1 2024
-6.6%
Q2 2024
+11.1%
Q3 2024
-0.6%
Q4 2024
-4.6%
Q1 2025
+5.1%
Q2 2025
+2.2%
Q3 2025
+3.6%
Q4 2025
-3.3%
Q1 2026
+5.9%
Sector allocation
Other 20%
Technology 12%
Industrials 11%
Healthcare 10%
Services media 10%
Consumer staples 10%
Energy 9%
Consumer discretionary 8%
Long book by quarter
What does SOUTHEASTERN ASSET own?
Q1 2026 13F| Company | Sector | Shares | Value | % of book | Change |
|---|---|---|---|---|---|
| MAT MATTEL INC | Other | 12.8M | $186.2M | 9.2% | +49.5% |
| PPLI PEOPLE INC | Technology | 4.0M | $161.0M | 7.9% | +0.8% |
| CNX CNX RESOURCES CORP | Energy | 4.0M | $154.7M | 7.6% | -15.2% |
| ACI ALBERTSONS COS INC - CLASS A | Consumer discretionary | 7.4M | $126.4M | 6.2% | +20.3% |
| REGN REGENERON PHARMACEUTICALS | Healthcare | 130.7K | $101.0M | 5.0% | -21.2% |
| KHC KRAFT HEINZ CO/THE | Consumer staples | 3.9M | $88.8M | 4.4% | -12.0% |
| FDX FEDEX CORP | Industrials | 247.5K | $88.2M | 4.3% | -31.1% |
| FBIN FORTUNE BRANDS INNOVATIONS I | Other | 2.2M | $83.9M | 4.1% | +82.8% |
| MGM MGM RESORTS INTERNATIONAL | Services media | 1.7M | $61.5M | 3.0% | -18.2% |
| PVH PVH CORP | Other | 736.9K | $51.4M | 2.5% | Held |
| GLIBK LIBERTY CAPITAL CORP-CL C | Communications | 1.3M | $49.2M | 2.4% | Held |
| TRIP TRIPADVISOR INC | Technology | 4.6M | $49.0M | 2.4% | +62.0% |
| BIO BIO-RAD LABORATORIES-A | Healthcare | 162.8K | $45.4M | 2.2% | -28.5% |
| SHEN SHENANDOAH TELECOMMUNICATION | Communications | 2.9M | $45.3M | 2.2% | Held |
| WTM WHITE MOUNTAINS INSURANCE GP | Financials | 18.9K | $41.4M | 2.0% | -40.4% |
| CNH CNH INDUSTRIAL NV | Industrials | 3.7M | $40.9M | 2.0% | Held |
| GHC GRAHAM HOLDINGS CO-CLASS B | Services media | 37.8K | $39.9M | 2.0% | +5.7% |
| FIS FIDELITY NATIONAL INFO SERV | Services media | 827.5K | $38.8M | 1.9% | +33.0% |
| ACMR ACM RESEARCH INC-CLASS A | Industrials | 782.9K | $30.8M | 1.5% | -53.4% |
| BATRK ATLANTA BRAVES HOLDINGS IN-C | Services media | 671.0K | $28.7M | 1.4% | Held |
| DOLE DOLE PLC | Consumer staples | 1.9M | $27.6M | 1.4% | Held |
| AVTR AVANTOR INC | Healthcare | 3.5M | $27.6M | 1.4% | -0.8% |
| SAM BOSTON BEER COMPANY INC-A | Consumer staples | 118.4K | $27.3M | 1.3% | -20.0% |
| SN SHARKNINJA INC | Industrials | 250.7K | $26.5M | 1.3% | -13.3% |
| MICC MAGNUM ICE CREAM CO NV/THE | Consumer staples | 1.6M | $24.2M | 1.2% | +13.2% |
| CLW CLEARWATER PAPER CORP | Other | 1.5M | $21.9M | 1.1% | +10.5% |
| GLIBA LIBERTY CAPITAL CORP | Communications | 80.7K | $3.0M | 0.1% | Held |
| CAH CARDINAL HEALTH INC | Consumer discretionary | 7.3K | $1.6M | 0.1% | -15.2% |
| AMG AFFILIATED MANAGERS GROUP | Financials | 5.6K | $1.5M | 0.1% | Held |
| LYV LIVE NATION ENTERTAINMENT IN | Services media | 8.4K | $1.3M | 0.1% | Held |
| HSIC HENRY SCHEIN INC | Consumer discretionary | 17.0K | $1.3M | 0.1% | Held |
| XPO XPO INC | Industrials | 6.3K | $1.2M | 0.1% | -51.3% |
| H HYATT HOTELS CORP - CL A | Services media | 7.7K | $1.1M | 0.1% | Held |
| MSGS MADISON SQUARE GARDEN SPORTS | Services media | 3.2K | $1.0M | 0.1% | Held |
| PYPL PAYPAL HOLDINGS INC | Services media | 22.5K | $1.0M | 0.0% | -95.9% |
| ENOV ENOVIS CORP | Healthcare | 44.3K | $1.0M | 0.0% | Held |
| LAZ LAZARD INC | Financials | 18.6K | $790K | 0.0% | Held |
| RXO RXO INC | Industrials | 43.7K | $639K | 0.0% | Held |
| STZ CONSTELLATION BRANDS INC-A | Consumer staples | 3.7K | $549K | 0.0% | Held |
| CLVT CLARIVATE PLC | Technology | 121.9K | $308K | 0.0% | Held |
| FISV FISERV INC | Services media | 4.0K | $223K | 0.0% | Held |
13F filing history
| Period | Form | Filed | Entries | Reported value | Flags | Source |
|---|---|---|---|---|---|---|
| Q1 2026 | 13F-HR | May 15, 2026 | 84 | $2.03B | canonical | SEC ↗ |
| Q4 2025 | 13F-HR | Feb 13, 2026 | 92 | $2.25B | canonical | SEC ↗ |
| Q3 2025 | 13F-HR | Nov 14, 2025 | 87 | $1.96B | canonical | SEC ↗ |
| Q2 2025 | 13F-HR | Aug 14, 2025 | 94 | $1.98B | canonical | SEC ↗ |
| Q1 2025 | 13F-HR | May 15, 2025 | 85 | $1.88B | canonical | SEC ↗ |
| Q4 2024 | 13F-HR | Feb 14, 2025 | 88 | $2.12B | canonical | SEC ↗ |
| Q3 2024 | 13F-HR | Nov 14, 2024 | 92 | $2.12B | canonical | SEC ↗ |
| Q2 2024 | 13F-HR | Aug 14, 2024 | 94 | $2.30B | canonical | SEC ↗ |
| Q1 2024 | 13F-HR | May 15, 2024 | 89 | $2.60B | canonical | SEC ↗ |
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