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Southeastern Asset Management Inc

The positions Southeastern Asset Management Inc reported on its Form 13F for Q2 2026, the quarter ending 30 Jun 2026, filed on 14 Aug 2026. Every figure below is the filing’s own: US-listed long equity, valued at the quarter end, with the change measured against the same manager’s previous filing.

Reported book
$1.9bn
-$116m on Q1 2026
Positions
47
4 new, 4 sold out
Top ten weight
63%
Concentrated
Quarter
Q2 2026
Filed 14 Aug 2026
Read the Q2 2026 filing on sec.gov CIK 0000807985 · Value / activist · TN
Reported book by quarter
$0$1.1bn$2.2bnQ3 24: $2.1bn$2.1bnQ3 24Q4 24: $2.1bn$2.1bnQ4 24Q1 25: $1.9bn$1.9bnQ1 25Q2 25: $2.0bn$2.0bnQ2 25Q3 25: $2.0bn$2.0bnQ3 25Q4 25: $2.2bn$2.2bnQ4 25Q1 26: $2.0bn$2.0bnQ1 26Q2 26: $1.9bn$1.9bnQ2 26
Largest positions, share of the book
Rayonier Inc (RYN): 11%Rayonier Inc (RYN)11%Mattel Inc: 8.9%Mattel Inc8.9%CNX Res Corp: 8.3%CNX Res Corp8.3%People Inc (PPLI): 7.5%People Inc (PPLI)7.5%Albertsons Companies Inc (ACI): 6.1%Albertsons Companies In…6.1%Regeneron Pharmaceuticals (REGN): 5.0%Regeneron Pharmaceutica…5.0%Fortune Brands Innovations I: 4.8%Fortune Brands Innovati…4.8%Kraft Heinz Co (KHC): 4.4%Kraft Heinz Co (KHC)4.4%Abbott Laboratories (ABT): 4.0%Abbott Laboratories (AB…4.0%Fedex Corp (FDX): 3.2%Fedex Corp (FDX)3.2%

Opened this quarter

A new position is the clearest thing a filing says. Somebody argued for it recently, and it is the easiest question to be ready for.

  • Abbott Laboratories (ABT)$76m · 4.0%
  • Liberty Cap Corp$42m · 2.2%
  • Tencent Music Entmt Group$19m · 1.0%
  • Liberty Cap Corp$1.6m · 0.1%

Sold out of this quarter

Exits are valued at what the position was worth in the previous filing, because by this one it is gone.

  • Bio Rad Labs Inc$45m held before
  • Constellation Brands Inc (STZ)$500k held before
  • Clarivate PLC (CLVT)$300k held before
  • Fiserv Inc (FISV)$200k held before

Every reported position, Q2 2026

47 positions, sorted by weight

PositionWeightValueSharesChange on the quarterAction
Rayonier Inc (RYN)
COM · CUSIP 754907103
11%$202m9,491,347
-$20m
-1,271,296 shares
Trimmed
Mattel Inc
COM · CUSIP 577081102
8.9%$171m12,322,555
-$15m
-489,602 shares
Trimmed
CNX Res Corp
COM · CUSIP 12653C108
8.3%$158m4,663,053
+$3.5m
+648,942 shares
Added
People Inc (PPLI)
COM NEW · CUSIP 44891N208
7.5%$145m3,131,835
-$17m
-890,894 shares
Trimmed
Albertsons Companies Inc (ACI)
COMMON STOCK · CUSIP 013091103
6.1%$117m8,636,262
-$9.6m
+1,216,461 shares
Added
Regeneron Pharmaceuticals (REGN)
COM · CUSIP 75886F107
5.0%$95m152,322
-$6.0m
+21,660 shares
Added
Fortune Brands Innovations I
COM · CUSIP 34964C106
4.8%$93m1,687,109
+$8.7m
-466,176 shares
Trimmed
Kraft Heinz Co (KHC)
COM · CUSIP 500754106
4.4%$85m3,607,946
-$3.6m
-340,767 shares
Trimmed
Abbott Laboratories (ABT)
COM · CUSIP 002824100
4.0%$76m840,747No earlier filingNew
Fedex Corp (FDX)
COM · CUSIP 31428X106
3.2%$61m194,828
-$27m
-52,667 shares
Trimmed
MGM Resorts International (MGM)
COM · CUSIP 552953101
2.9%$56m1,169,513
-$5.6m
-493,448 shares
Trimmed
Empire ST Rlty TR Inc
CL A · CUSIP 292104106
2.5%$47m8,696,434
+$13m
+2,223,117 shares
Added
Avantor Inc (AVTR)
COM · CUSIP 05352A100
2.4%$47m4,725,478
+$19m
+1,205,266 shares
Added
PVH Corporation
COM · CUSIP 693656100
2.4%$47m629,897
-$4.6m
-107,038 shares
Trimmed
Liberty Cap Corp
SER C GCI GROUP · CUSIP 36164V800
2.2%$42m1,935,424No earlier filingNew
CNH Indl N V
SHS · CUSIP N20944109
2.1%$40m3,518,270
-$1.4m
-198,538 shares
Trimmed
Shenandoah Telecommunication
COM · CUSIP 82312B106
2.1%$40m2,616,797
-$5.9m
-323,499 shares
Trimmed
White MTNS Ins Group LTD
COM · CUSIP G9618E107
1.8%$36m17,104
-$6.0m
-1,760 shares
Trimmed
Graham HLDGS Co
COM CL B · CUSIP 384637104
1.7%$33m29,156
-$6.6m
-8,604 shares
Trimmed
Atlanta Braves HLDGS Inc
COM SER C · CUSIP 047726302
1.6%$31m605,091
+$2.8m
-65,923 shares
Trimmed
Tripadvisor Inc (TRIP)
COM · CUSIP 896945201
1.6%$31m2,258,466
-$18m
-2,339,602 shares
Trimmed
Fidelity Natl Information SV
COM · CUSIP 31620M106
1.6%$30m769,137
-$8.9m
-58,364 shares
Trimmed
Alexanders Inc (ALX)
COM · CUSIP 014752109
1.4%$27m99,013
+$3.9m
0 shares
Held
Boston Beer Inc (SAM)
CL A · CUSIP 100557107
1.3%$26m146,043
-$1.4m
+27,642 shares
Added
Clearwater Paper Corp (CLW)
COM · CUSIP 18538R103
1.3%$24m1,539,556
+$2.2m
+14,065 shares
Added
Dole PLC (DOLE)
ORD SHS · CUSIP G27907107
1.3%$24m1,752,155
-$3.6m
-181,553 shares
Trimmed
Tencent Music Entmt Group
SPON ADS · CUSIP 88034P109
1.0%$19m2,305,210No earlier filingNew
New Oriental Ed & Technology
SPON ADR · CUSIP 647581206
1.0%$19m411,598
-$11m
-110,682 shares
Trimmed
Kaspi KZ JSC
SPONSORED ADS · CUSIP 48581R205
1.0%$19m212,999
+$600k
-27,629 shares
Trimmed
Acm Resh Inc
COM CL A · CUSIP 00108J109
0.9%$18m139,478
-$13m
-643,422 shares
Trimmed
Magnum Ice Cream Co NV
ORD SHS · CUSIP N5505D105
0.9%$17m1,001,588
-$6.8m
-618,032 shares
Trimmed
Sharkninja Inc (SN)
COM SHS · CUSIP G8068L108
0.5%$9.6m63,234
-$17m
-187,432 shares
Trimmed
H World Group LTD
SPONSORED ADS · CUSIP 44332N106
0.4%$8.6m205,682
-$3.1m
-25,690 shares
Trimmed
Melco Resorts and Entmnt LTD
ADR · CUSIP 585464100
0.4%$8.5m1,607,854
-$1.7m
-189,400 shares
Trimmed
Affiliated Managers Group
COM · CUSIP 008252108
0.1%$1.9m5,562
+$300k
0 shares
Held
Cardinal Health Inc (CAH)
COM · CUSIP 14149Y108
0.1%$1.7m7,337
+$200k
0 shares
Held
Liberty Cap Corp
SER A GCI GROUP · CUSIP 36164V602
0.1%$1.6m72,692No earlier filingNew
Live Nation Entertainment In
COM · CUSIP 538034109
0.1%$1.5m8,434
+$300k
0 shares
Held
Hyatt Hotels Corp (H)
COM CL A · CUSIP 448579102
0.1%$1.5m7,733
+$400k
0 shares
Held
Schein Henry Inc
COM · CUSIP 806407102
0.1%$1.4m17,038
+$200k
0 shares
Held
Xpo Inc (XPO)
COM · CUSIP 983793100
0.1%$1.3m6,336
+$100k
0 shares
Held
Madison Square GRDN SPRT Cor
CL A · CUSIP 55825T103
0.1%$1.3m3,218
+$300k
0 shares
Held
Rxo Inc (RXO)
COMMON STOCK · CUSIP 74982T103
0.1%$1.2m43,731
+$600k
0 shares
Held
PayPal HLDGS Inc
COM · CUSIP 70450Y103
0.1%$1.0m22,463
unchanged
0 shares
Held
Enovis Corporation (ENOV)
COM · CUSIP 194014502
0.0%$900k44,258
-$100k
0 shares
Held
Lazard Inc (LAZ)
COM · CUSIP 52110M109
0.0%$800k18,608
unchanged
0 shares
Held
HDFC Bank LTD (HDB)
SPONSORED ADS · CUSIP 40415F101
0.0%$300k10,462
unchanged
0 shares
Held

Every filing on file

QuarterPeriod endFiledBookPositionsTop 10Filing
Q2 202630 Jun 202614 Aug 2026$1.9bn4763%13F-HR
Q1 202631 Mar 202615 May 2026$2.0bn4963%13F-HR
Q4 202531 Dec 202513 Feb 2026$2.2bn5357%13F-HR
Q3 202530 Sept 202514 Nov 2025$2.0bn4952%13F-HR
Q2 202530 Jun 202514 Aug 2025$2.0bn4950%13F-HR
Q1 202531 Mar 202515 May 2025$1.9bn4354%13F-HR
Q4 202431 Dec 202414 Feb 2025$2.1bn4456%13F-HR
Q3 202430 Sept 202414 Nov 2024$2.1bn4557%13F-HR

Taking this into the room

Pick one name from the top of the book and one from the new positions, and know both properly: what the company earns, what it is priced at, and what has to be true for the position to work. That is a conversation. Reciting the whole table is not, and the interviewer wrote it.

A position sold out of is worth as much preparation as one opened. Ask what changed rather than asserting the fund was wrong, and be ready for the answer that the thesis played out and the money went somewhere better.

What this filing leaves out

A 13F covers US-listed long equity at one moment in time. Shorts, bonds, cash, private positions and non-US listings never appear, and options are reported in a form that will mislead you if you read them as a position. A long/short manager showing $8bn here may run a book several times that size.

The lag matters too. Positions are as at the quarter end and the filing arrives up to forty-five days later, so what you are reading is at least six weeks old and possibly four months. Phrase it as what the filing showed, not what the fund holds today.

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