Southeastern Asset Management 13F, Q4 2025
Mason Hawkins · quarter ending 31 December 2025 · filed 13 February 2026 · SEC CIK 807985
Common stock only: shares the fund reported owning at the quarter end, valued as filed.
Largest positions, Q4 2025
The 25 largest of 53 positions. Weights are against the whole filed book. Changes are in shares held, against the Q3 2025 filing.
| Company | Ticker | Value | % of book | vs Q3 2025 |
|---|---|---|---|---|
| CNX RES CORP | CNX | $174.14M | 7.8% | unchanged |
| MATTEL INC | MAT | $170.04M | 7.6% | +5% shares |
| IAC INC | PPLI | $155.98M | 7.0% | +44% shares |
| REGENERON PHARMACEUTICALS | REGN | $127.97M | 5.7% | +15% shares |
| POTLATCHDELTIC CORPORATION | PCH | $125.82M | 5.6% | +48% shares |
| RAYONIER INC | RYN | $122.95M | 5.5% | +26% shares |
| KRAFT HEINZ CO | KHC | $108.84M | 4.8% | +23% shares |
| ALBERTSONS COS INC | ACI | $105.88M | 4.7% | +25% shares |
| FEDEX CORP | FDX | $103.74M | 4.6% | -4% shares |
| MGM RESORTS INTERNATIONAL | MGM | $74.20M | 3.3% | +16% shares |
| BIO RAD LABS INC | BIO | $68.97M | 3.1% | -4% shares |
| ACM RESH INC | ACMR | $66.28M | 3.0% | +13% shares |
| WHITE MTNS INS GROUP LTD | $65.77M | 2.9% | unchanged | |
| FORTUNE BRANDS INNOVATIONS I | FBIN | $58.93M | 2.6% | +16% shares |
| PVH CORPORATION | PVH | $49.39M | 2.2% | -21% shares |
| GCI LIBERTY INC | GLIBK | $49.16M | 2.2% | +53% shares |
| FIDELITY NATL INFORMATION SV | FIS | $41.35M | 1.8% | unchanged |
| TRIPADVISOR INC | TRIP | $41.33M | 1.8% | +21% shares |
| AVANTOR INC | AVTR | $40.67M | 1.8% | -31% shares |
| GRAHAM HLDGS CO | GHC | $39.24M | 1.8% | unchanged |
| DISNEY WALT CO | DIS | $36.09M | 1.6% | +11% shares |
| CNH INDL N V | $34.27M | 1.5% | unchanged | |
| SHENANDOAH TELECOMMUNICATION | SHEN | $33.99M | 1.5% | +20% shares |
| SHARKNINJA INC | $32.37M | 1.4% | -43% shares | |
| PAYPAL HLDGS INC | PYPL | $32.35M | 1.4% | unchanged |
What changed since Q3 2025
Against the Q3 2025 filing, Southeastern Asset Management opened 4 new positions, added to 18, trimmed 19, left 12 unchanged and exited 0. 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 0001398344-26-003084, 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.