Southeastern Asset Management Inc.
In its 13F for Q3 2025 (holdings as of September 30, 2025, filed November 14, 2025), Southeastern Asset Management Inc. reported 49 stock positions worth $2.0 billion. Its top holding was CNX Resources (CNX) at 7.8% of the portfolio, followed by Mattel (MAT, 7.0%) and Rayonier (RYN, 6.1%). Compared with Q2 2025, it opened 6 new positions, sold out of 6, added to 11 and reduced 22. The biggest buy was a new position in Rayonier (RYN) and the biggest sale an exit from HF Sinclair (DINO).
- Most Recent 13F
- Q2 2026
- Location
- MEMPHIS, TN
- CIK
- 0000807985
- Portfolio Value
- $2.0B (Q3 2025)
- SEC Filing
- 0001398344-25-020985 ↗ filed Nov 14, 2025
Holdings Value
Holdings 49 stocks · $2.0B
| CNX CNX Resources Corp. | 7.79% | 4,752,629 | $152.7M | Add +6.5% |
| MAT Mattel Inc. | 7.01% | 8,161,296 | $137.4M | Add +13.0% |
| RYN Rayonier Inc. | 6.09% | 4,496,725 | $119.3M | New |
| KHC The Kraft Heinz Co. | 4.83% | 3,637,374 | $94.7M | Reduce -1.0% |
| PPLI People Inc. filed as IAC INC | 4.81% | 2,767,511 | $94.3M | Reduce -5.6% |
| FDX FedEx Corp. | 4.51% | 374,380 | $88.3M | Reduce -1.4% |
| PCH Potlatchdeltic Corp. | 4.43% | 2,131,754 | $86.9M | Add +122.9% |
| ACI Albertsons Cos Inc. Class A | 4.42% | 4,943,869 | $86.6M | Add +42.8% |
| REGN Regeneron Pharmaceuticals | 4.15% | 144,607 | $81.3M | Reduce -9.9% |
| PVH PVH Corp. | 4.00% | 935,398 | $78.4M | Reduce -31.7% |
| BIO Bio-Rad Laboratories-A | 3.40% | 237,254 | $66.5M | Reduce -24.8% |
| AVTR Avantor Inc. | 3.28% | 5,149,420 | $64.3M | New |
| MGM MGM Resorts International | 3.09% | 1,748,002 | $60.6M | Reduce -1.5% |
| ACMR Acm Research Inc. Class A | 2.97% | 1,485,687 | $58.1M | Add +25.3% |
| FBIN Fortune Brands Innovations I | 2.77% | 1,015,602 | $54.2M | Reduce -1.5% |
| WTM White Mountains Insurance GP | 2.70% | 31,652 | $52.9M | Add +50.0% |
| SN Sharkninja Inc. | 2.67% | 507,418 | $52.3M | Reduce -4.6% |
| GHC Graham Holdings Co. Class B | 2.12% | 35,357 | $41.6M | Reduce -17.6% |
| FIS Fidelity National Info Serv | 2.11% | 626,109 | $41.3M | Reduce -34.0% |
| CNH CNH Industrial NV | 2.06% | 3,716,808 | $40.3M | Reduce -1.2% |
| TRIP Tripadvisor Inc. | 1.95% | 2,344,984 | $38.1M | Reduce -9.5% |
| PYPL PayPal Holdings Inc. | 1.91% | 559,156 | $37.5M | Reduce -1.2% |
| HTHT H World Group Ltd.-ADR | 1.75% | 876,862 | $34.3M | Reduce -2.2% |
| SHEN Shenandoah Telecommunication | 1.68% | 2,448,240 | $32.9M | Add +7.0% |
| DIS The Walt Disney Co. filed as DISNEY WALT CO | 1.67% | 285,860 | $32.7M | Reduce -1.5% |
| GLIBK Liberty Capital Corp. Class C filed as GCI LIBERTY INC | 1.64% | 863,691 | $32.2M | New |
| ALX Alexander's Inc. | 1.47% | 122,712 | $28.8M | Add +93.2% |
| BATRK Atlanta Braves Holdings in-C | 1.42% | 671,014 | $27.9M | No change |
| DOLE Dole PLC | 1.33% | 1,933,708 | $26.0M | Reduce -21.1% |
| SAM Boston Beer Company Inc. Class A | 1.18% | 109,238 | $23.1M | Add +2.8% |
| ESRT Empire State Realty Trust-A | 1.03% | 2,630,140 | $20.1M | No change |
| CLW Clearwater Paper Corp. | 0.99% | 937,921 | $19.5M | No change |
| MLCO Melco Resorts & Entert-ADR | 0.94% | 2,010,419 | $18.4M | Reduce -68.6% |
| KSPI JSC Kaspi.kz ADR filed as KASPI KZ JSC | 0.74% | 178,444 | $14.6M | Reduce -5.5% |
| GLIBA Liberty Capital Corp. filed as GCI LIBERTY INC | 0.15% | 80,675 | $3.0M | New |
| XPO Xpo Inc. | 0.11% | 15,980 | $2.1M | No change |
| HDB HDFC Bank Ltd.-ADR | 0.09% | 49,874 | $1.7M | Reduce -36.2% |
| LYV Live Nation Entertainment Inc. | 0.09% | 10,380 | $1.7M | Reduce -26.3% |
| CAH Cardinal Health Inc. | 0.09% | 10,644 | $1.7M | No change |
| ENOV Enovis Corp. | 0.08% | 54,461 | $1.7M | Add +48.9% |
| AMG Affiliated Managers Group | 0.08% | 6,838 | $1.6M | No change |
| HSIC Henry Schein Inc. | 0.07% | 20,962 | $1.4M | No change |
| H Hyatt Hotels Corp. Class A | 0.07% | 9,508 | $1.3M | Reduce -96.9% |
| LAZ Lazard Inc. | 0.06% | 22,863 | $1.2M | No change |
| ACH Accendra Health Inc. filed as OWENS & MINOR INC NEW | 0.05% | 223,660 | $1.1M | Add +78.4% |
| MSGS Madison Square Garden Sports | 0.05% | 4,028 | $914K | No change |
| RXO Rxo Inc. | 0.04% | 53,978 | $830K | No change |
| STZ Constellation Brands Inc. Class A | 0.03% | 3,661 | $493K | New |
| CLVT Clarivate PLC | 0.02% | 121,927 | $467K | New |
Portfolio Sells Q2 2025 → Q3 2025
| DINO HF Sinclair Corp. | Sold out | 0.00% | −3.63 |
| H Hyatt Hotels Corp. Class A | Reduce -96.9% | 0.07% | −2.09 |
| TIGO Millicom Intl Cellular S.A. | Sold out | 0.00% | −1.96 |
| FIS Fidelity National Info Serv | Reduce -34.0% | 2.11% | −1.79 |
| ANGI Angi Inc. | Sold out | 0.00% | −1.59 |
| MLCO Melco Resorts & Entert-ADR | Reduce -68.6% | 0.94% | −1.39 |
| OSCR Oscar Health Inc. Class A | Sold out | 0.00% | −0.95 |
| WEST Westrock Coffee Co. | Sold out | 0.00% | −0.77 |
| PVH PVH Corp. | Reduce -31.7% | 4.00% | −0.74 |
| PPLI People Inc. | Reduce -5.6% | 4.81% | −0.70 |
| PK Park Hotels & Resorts Inc. | Sold out | 0.00% | −0.69 |
| BIO Bio-Rad Laboratories-A | Reduce -24.8% | 3.40% | −0.44 |
| DOLE Dole PLC | Reduce -21.1% | 1.33% | −0.40 |
| CNH CNH Industrial NV | Reduce -1.2% | 2.06% | −0.40 |
| PYPL PayPal Holdings Inc. | Reduce -1.2% | 1.91% | −0.21 |
| DIS The Walt Disney Co. | Reduce -1.5% | 1.67% | −0.14 |
| REGN Regeneron Pharmaceuticals | Reduce -9.9% | 4.15% | −0.10 |
| HDB HDFC Bank Ltd.-ADR | Reduce -36.2% | 0.09% | −0.06 |
| KSPI JSC Kaspi.kz ADR | Reduce -5.5% | 0.74% | −0.06 |
| LYV Live Nation Entertainment Inc. | Reduce -26.3% | 0.09% | −0.02 |
| MGM MGM Resorts International | Reduce -1.5% | 3.09% | +0.01 |
| SN Sharkninja Inc. | Reduce -4.6% | 2.67% | +0.02 |
| KHC The Kraft Heinz Co. | Reduce -1.0% | 4.83% | +0.05 |
| GHC Graham Holdings Co. Class B | Reduce -17.6% | 2.12% | +0.08 |
| FBIN Fortune Brands Innovations I | Reduce -1.5% | 2.77% | +0.09 |
| FDX FedEx Corp. | Reduce -1.4% | 4.51% | +0.16 |
| HTHT H World Group Ltd.-ADR | Reduce -2.2% | 1.75% | +0.22 |
| TRIP Tripadvisor Inc. | Reduce -9.5% | 1.95% | +0.24 |
Portfolio Buys Q2 2025 → Q3 2025
| RYN Rayonier Inc. | New | 6.09% | +6.09 |
| AVTR Avantor Inc. | New | 3.28% | +3.28 |
| PCH Potlatchdeltic Corp. | Add +122.9% | 4.43% | +2.58 |
| GLIBK Liberty Capital Corp. Class C | New | 1.64% | +1.64 |
| ACMR Acm Research Inc. Class A | Add +25.3% | 2.97% | +1.42 |
| WTM White Mountains Insurance GP | Add +50.0% | 2.70% | +0.79 |
| ALX Alexander's Inc. | Add +93.2% | 1.47% | +0.75 |
| ACI Albertsons Cos Inc. Class A | Add +42.8% | 4.42% | +0.66 |
| CNX CNX Resources Corp. | Add +6.5% | 7.79% | +0.21 |
| SAM Boston Beer Company Inc. Class A | Add +2.8% | 1.18% | +0.16 |
| GLIBA Liberty Capital Corp. | New | 0.15% | +0.15 |
| SHEN Shenandoah Telecommunication | Add +7.0% | 1.68% | +0.10 |
| ENOV Enovis Corp. | Add +48.9% | 0.08% | +0.03 |
| STZ Constellation Brands Inc. Class A | New | 0.03% | +0.03 |
| CLVT Clarivate PLC | New | 0.02% | +0.02 |
| ACH Accendra Health Inc. | Add +78.4% | 0.05% | −0.00 |
| MAT Mattel Inc. | Add +13.0% | 7.01% | −0.17 |
All Filings
| Quarter | Positions | 13F Reported Value | Top Holdings |
|---|---|---|---|
| Q2 2026 | 47 | $1.9B | RYN, MAT, CNX, PPLI, ACI |
| Q1 2026 | 49 | $2.0B | RYN, MAT, PPLI, CNX, ACI |
| Q4 2025 | 53 | $2.2B | CNX, MAT, PPLI, REGN, PCH |
| Q3 2025 | 49 | $2.0B | CNX, MAT, RYN, KHC, PPLI |
| Q2 2025 | 49 | $2.0B | CNX, MAT, PPLI, KHC, PVH |
| Q1 2025 | 43 | $1.9B | CNX, MAT, PPLI, ACI, FIS |
| Q4 2024 | 44 | $2.1B | CNX, MAT, AMG, FDX, PPLI |
| Q3 2024 | 44 | $2.2B | CNX, MAT, AMG, FIS, PPLI |
| Q2 2024 | 46 | $2.3B | CNX, FDX, MAT, AMG, FIS |
| Q1 2024 | 43 | $2.6B | CNX, MAT, FDX, AMG, PPLI |