SOUTHEASTERN ASSET MANAGEMENT INC/TN/

MEMPHIS, TN · CIK 807985 · 13F filing filed 2026-08-14

SEC-registered investment adviser since 1975 · corporation

Assets managed$3.7bn
Staff29 · 14 in investment roles
Main clients (by assets)Mutual funds and ETFs 71%, Pension plans 20%, High net worth individuals 4%
Private funds1 (1 hedge) · $8.7m gross assets
Websitesoutheasternasset.com
Form ADV · 2026-03-27SEC adviser record

Legal entitySOUTHEASTERN ASSET MANAGEMENT, INC. (US)

$1.9bn reported value -5.7% vs Q1 2026

47positions

62.7%in top 10

2 new 8 added 24 reduced 4 sold out vs Q1 2026

This report includes the holdings of 2 other managers that share the investment decisions:

Greenwood Pine Partners – no 13F of its own this quarter
LONGLEAF PARTNERS FUNDS TRUST – no 13F of its own this quarter

Shares in two reports are counted once in each security's totals.

Holdings, Q2 2026

The small lines show how much was held over the last 4 quarters (adjusted for stock splits).

#	Security	Ticker	Shares	Value	% of portfolio	Change	Shares change
1	RAYONIER INC COM RYN	RYN	9,491,347	$202.0m10.54%	10.54%	Reduced -1.3m	-1,271,296 -11.8%
2	MATTEL INC COM MAT	MAT	12,322,555	$171.0m8.92%	8.92%	Reduced -489.6k	-489,602 -3.8%
3	CNX RES CORP COM CNX	CNX	4,663,053	$158.2m8.25%	8.25%	Added +648.9k	+648,942 16.2%
4	IAC INC COM NEW PPLI	PPLI	3,131,835	$144.6m7.54%	7.54%	Reduced -890.9k	-890,894 -22.1%
5	ALBERTSONS COS INC COMMON STOCK ACI	ACI	8,636,262	$116.8m6.09%	6.09%	Added +1.2m	+1,216,461 16.4%
6	REGENERON PHARMACEUTICALS COM REGN	REGN	152,322	$95.0m4.95%	4.95%	Added +21.7k	+21,660 16.6%
7	FORTUNE BRANDS INNOVATIONS I COM FBIN	FBIN	1,687,109	$92.6m4.83%	4.83%	Reduced -466.2k	-466,176 -21.6%
8	KRAFT HEINZ CO COM KHC	KHC	3,607,946	$85.2m4.45%	4.45%	Reduced -340.8k	-340,767 -8.6%
9	ABBOTT LABS COM ABT	ABT	840,747	$76.3m3.98%	3.98%	New
10	FEDEX CORP COM FDX	FDX	194,828	$61.0m3.18%	3.18%	Reduced -52.7k	-52,667 -21.3%
11	MGM RESORTS INTERNATIONAL COM MGM	MGM	1,169,513	$55.9m2.92%	2.92%	Reduced -493.4k	-493,448 -29.7%
12	EMPIRE ST RLTY TR INC CL A ESRT	ESRT	8,696,434	$47.0m2.45%	2.45%	Added +2.2m	+2,223,117 34.3%
13	AVANTOR INC COM AVTR	AVTR	4,725,478	$46.8m2.44%	2.44%	Added +1.2m	+1,205,266 34.2%
14	PVH CORPORATION COM PVH	PVH	629,897	$46.8m2.44%	2.44%	Reduced -107.0k	-107,038 -14.5%
15	GCI LIBERTY INC COM SER C GLIBK	GLIBK	1,935,424	$41.7m2.18%	2.18%	Added +614.3k	+614,314 46.5%
16	CNH INDL N V SHS CNH	CNH	3,518,270	$39.5m2.06%	2.06%	Reduced -198.5k	-198,538 -5.3%
17	SHENANDOAH TELECOMMUNICATION COM SHEN	SHEN	2,616,797	$39.5m2.06%	2.06%	Reduced -323.5k	-323,499 -11.0%
18	WHITE MTNS INS GROUP LTD COM WTM	WTM	17,104	$35.5m1.85%	1.85%	Reduced -1.8k	-1,760 -9.3%
19	GRAHAM HLDGS CO COM CL B GHC	GHC	29,156	$33.3m1.74%	1.74%	Reduced -8.6k	-8,604 -22.8%
20	ATLANTA BRAVES HLDGS INC COM SER C BATRK	BATRK	605,091	$31.4m1.64%	1.64%	Reduced -65.9k	-65,923 -9.8%
21	TRIPADVISOR INC COM TRIP	TRIP	2,258,466	$31.0m1.62%	1.62%	Reduced -2.3m	-2,339,602 -50.9%
22	FIDELITY NATL INFORMATION SV COM FIS	FIS	769,137	$29.9m1.56%	1.56%	Reduced -58.4k	-58,364 -7.0%
23	ALEXANDERS INC COM ALX	ALX	99,013	$27.3m1.42%	1.42%	Unchanged
24	BOSTON BEER INC CL A SAM	SAM	146,043	$25.9m1.35%	1.35%	Added +27.6k	+27,642 23.4%
25	CLEARWATER PAPER CORP COM CLW	CLW	1,539,556	$24.1m1.26%	1.26%	Added +14.1k	+14,065 0.9%
26	DOLE PLC ORD SHS DOLE	DOLE	1,752,155	$24.0m1.25%	1.25%	Reduced -181.6k	-181,553 -9.4%
27	TENCENT MUSIC ENTMT GROUP SPON ADS TME	TME	2,305,210	$19.2m1.00%	1.00%	New
28	NEW ORIENTAL ED & TECHNOLOGY SPON ADR EDU	EDU	411,598	$18.9m0.99%	0.99%	Reduced -110.7k	-110,682 -21.2%
29	KASPI KZ JSC SPONSORED ADS KSPI	KSPI	212,999	$18.5m0.96%	0.96%	Reduced -27.6k	-27,629 -11.5%
30	ACM RESH INC COM CL A ACMR	ACMR	139,478	$17.7m0.92%	0.92%	Reduced -643.4k	-643,422 -82.2%
31	MAGNUM ICE CREAM CO NV ORD SHS MICC	MICC	1,001,588	$17.4m0.91%	0.91%	Reduced -618.0k	-618,032 -38.2%
32	SHARKNINJA INC COM SHS SN	SN	63,234	$9.6m0.50%	0.50%	Reduced -187.4k	-187,432 -74.8%
33	H WORLD GROUP LTD SPONSORED ADS HTHT	HTHT	205,682	$8.6m0.45%	0.45%	Reduced -25.7k	-25,690 -11.1%
34	MELCO RESORTS AND ENTMNT LTD ADR MLCO	MLCO	1,607,854	$8.5m0.44%	0.44%	Reduced -189.4k	-189,400 -10.5%
35	AFFILIATED MANAGERS GROUP IN COM AMG	AMG	5,562	$1.9m0.10%	0.10%	Unchanged
36	CARDINAL HEALTH INC COM CAH	CAH	7,337	$1.7m0.09%	0.09%	Unchanged
37	GCI LIBERTY INC COM SER A GLIBA	GLIBA	72,692	$1.6m0.08%	0.08%	Reduced -8.0k	-7,983 -9.9%
38	LIVE NATION ENTERTAINMENT IN COM LYV	LYV	8,434	$1.5m0.08%	0.08%	Unchanged
39	HYATT HOTELS CORP COM CL A H	H	7,733	$1.5m0.08%	0.08%	Unchanged
40	HENRY SCHEIN INC COM HSIC	HSIC	17,038	$1.4m0.07%	0.07%	Unchanged
41	XPO INC COM XPO	XPO	6,336	$1.3m0.07%	0.07%	Unchanged
42	MADISON SQUARE GRDN SPRT COR CL A MSGS	MSGS	3,218	$1.3m0.07%	0.07%	Unchanged
43	RXO INC COMMON STOCK RXO	RXO	43,731	$1.2m0.06%	0.06%	Unchanged
44	PAYPAL HLDGS INC COM PYPL	PYPL	22,463	$970.0k0.05%	0.05%	Unchanged
45	ENOVIS CORPORATION COM ENOV	ENOV	44,258	$916.1k0.05%	0.05%	Unchanged
46	LAZARD INC COM LAZ	LAZ	18,608	$780.4k0.04%	0.04%	Unchanged
47	HDFC BANK LTD SPONSORED ADS HDB	HDB	10,462	$270.2k0.01%	0.01%	Unchanged

Sold out since Q1 2026

Security	Ticker	Shares held before	Value then
BIO RAD LABS INC BIO	BIO	162,804	$45.4m162.8k shares
CONSTELLATION BRANDS INC STZ	STZ	3,661	$549.1k3.7k shares
CLARIVATE PLC CLVT	CLVT	121,927	$308.5k121.9k shares
FISERV INC FISV	FISV	3,990	$222.6k4.0k shares

Stakes above 5%

Companies where this manager has reported owning more than 5% of a class of shares, on Schedule 13D (may seek influence) or 13G (passive): its latest filing for each, from 19 Dec 2024 on.

Company	Ticker	Stake	Change	Schedule	Last filed
CLEARWATER PAPER CORP CLW · 13G · filed 2026-02-13	CLW	8.6%≈ $21.7m	+2.8 pts	13G	2026-02-13
GCI LIBERTY INC GLIBK · 13G · filed 2026-08-14	GLIBK	5.4%≈ $41.7m	+1.7 pts	13G	2026-08-14
EMPIRE ST RLTY TR INC ESRT · 13G · filed 2026-08-14	ESRT	5.1%≈ $47.0m	new	13G	2026-08-14