Southeastern Asset Management 13F, Q3 2025
Mason Hawkins · quarter ending 30 September 2025 · filed 14 November 2025 · SEC CIK 807985
Common stock only: shares the fund reported owning at the quarter end, valued as filed.
Largest positions, Q3 2025
The 25 largest of 49 positions. Weights are against the whole filed book. Changes are in shares held, against the Q2 2025 filing.
| Company | Ticker | Value | % of book | vs Q2 2025 |
|---|---|---|---|---|
| CNX RES CORP | CNX | $152.65M | 7.8% | +7% shares |
| MATTEL INC | MAT | $137.35M | 7.0% | +13% shares |
| RAYONIER INC | RYN | $119.34M | 6.1% | new |
| KRAFT HEINZ CO | KHC | $94.72M | 4.8% | unchanged |
| IAC INC | PPLI | $94.29M | 4.8% | -6% shares |
| FEDEX CORP | FDX | $88.28M | 4.5% | unchanged |
| POTLATCHDELTIC CORPORATION | PCH | $86.87M | 4.4% | +123% shares |
| ALBERTSONS COS INC | ACI | $86.57M | 4.4% | +43% shares |
| REGENERON PHARMACEUTICALS | REGN | $81.31M | 4.2% | -10% shares |
| PVH CORPORATION | PVH | $78.36M | 4.0% | -32% shares |
| BIO RAD LABS INC | BIO | $66.52M | 3.4% | -25% shares |
| AVANTOR INC | AVTR | $64.26M | 3.3% | new |
| MGM RESORTS INTERNATIONAL | MGM | $60.59M | 3.1% | unchanged |
| ACM RESH INC | ACMR | $58.13M | 3.0% | +25% shares |
| FORTUNE BRANDS INNOVATIONS I | FBIN | $54.22M | 2.8% | unchanged |
| WHITE MTNS INS GROUP LTD | $52.91M | 2.7% | +50% shares | |
| SHARKNINJA INC | $52.34M | 2.7% | -5% shares | |
| GRAHAM HLDGS CO | GHC | $41.63M | 2.1% | -18% shares |
| FIDELITY NATL INFORMATION SV | FIS | $41.29M | 2.1% | -34% shares |
| CNH INDL N V | $40.33M | 2.1% | unchanged | |
| TRIPADVISOR INC | TRIP | $38.13M | 1.9% | -10% shares |
| PAYPAL HLDGS INC | PYPL | $37.50M | 1.9% | unchanged |
| H WORLD GROUP LTD | HTHT | $34.29M | 1.8% | -2% shares |
| SHENANDOAH TELECOMMUNICATION | SHEN | $32.86M | 1.7% | +7% shares |
| DISNEY WALT CO | DIS | $32.73M | 1.7% | unchanged |
What changed since Q2 2025
Against the Q2 2025 filing, Southeastern Asset Management opened 6 new positions, added to 12, trimmed 14, left 17 unchanged and exited 6. Every position is compared, matched on its CUSIP; a change of 2% or less in shares counts as unchanged.
Other quarters
Source: SEC Form 13F-HR, accession 0001398344-25-020985, filed by SOUTHEASTERN ASSET MANAGEMENT INC/TN/. Values are as filed and cover US-listed positions only; a 13F does not show short positions or holdings outside the US. A 13F may be filed up to 45 days after the quarter ends, so the fund may have traded since. Educational information, not financial advice.