Great investors · Mason Hawkins · Q4 2024
What Mason Hawkins bought and sold in Q4 2024
Southeastern Asset Management 13F portfolio as of Dec 31, 2024: 44 positions worth $2.1 bn. Largest: CNX, MAT, AMG, FDX. Filed with the SEC on Feb 14, 2025.
The 13F is filed by Southeastern Asset Management, not by Mason Hawkins personally: these are the whole firm's positions. A “position” is a distinct security in the filing (by CUSIP); share classes of the same company are shown added together.
Buys in Q4 2024
- NewHF SinclairDINO+4.4 pp
- NewKraft HeinzKHC+3.9 pp
- NewMillicom International CellularTIGO+2.7 pp
- IncreasedAlbertsons CompaniesACI+2.7 pp
- IncreasedPeoplePPLI+0.9 pp
- IncreasedOscar HealthOSCR+0.7 pp
Sells in Q4 2024
- ReducedLive Nation EntertainmentLYV−4.4 pp
- ReducedCNX ResourcesCNX−2.8 pp
- Sold outWarner Music GroupWMG−2.6 pp
- Sold outWarner Bros. DiscoveryWBD−2.5 pp
- ReducedLiberty MediaLLYVK*−1.2 pp
- ReducedPayPal HoldingsPYPL−1.0 pp
- ReducedSharkninjaSN−0.6 pp
- ReducedGraham HoldingsGHC−0.5 pp
14 companies with material moves, out of 35 positions with a change. Only moves of 0.5 points of the portfolio or more are listed, measured as “traded weight” (what was bought or sold, excluding price effects). Smaller changes exist and are not listed: a position may have gone up or down without appearing above.
The full 13F, line by line
Southeastern Asset Management's Q4 2024 13F lists 44 lines of US-listed securities worth $2.1 bn; the largest is CNX at 7.77% of the portfolio. It was accepted by the SEC on Feb 14, 2025 at 4:05 PM ET.
Against the previous quarter, it opened 3 positions (DINO, KHC and TIGO), closed 3 (WMG, WBD and SEG), added to 6 (ACI, PPLI, OSCR and DOLE and 2 more) and trimmed 23 (CNX, PYPL, SN and GHC and 19 more). 12 lines show the same number of shares.
| # | Company | Shares | Value | Weight | Change in shares |
|---|---|---|---|---|---|
| 1 | CNX Resources CNX | 4.5 M | $165M | 7.77% | −27% |
| 2 | Mattel MAT | 7.6 M | $135M | 6.39% | −4.5% |
| 3 | Affiliated Managers Group AMG | 702,487 | $130M | 6.13% | −3.1% |
| 4 | FedEx FDX | 430,339 | $121M | 5.72% | −3.3% |
| 5 | People PPLI | 2.8 M | $119M | 5.60% | +21% |
| 6 | Fidelity National Information Services FIS | 1.5 M | $117M | 5.53% | −3.2% |
| 7 | Albertsons Companies ACI | 5.8 M | $113M | 5.35% | +108% |
| 8 | BIO RAD Labs BIO | 308,469 | $101M | 4.78% | −3.1% |
| 9 | HF Sinclair DINO | 2.7 M | $96.3M | 4.55% | new |
| 10 | Kraft Heinz KHC | 2.8 M | $87.1M | 4.11% | new |
| 11 | MGM Resorts International MGM | 2.4 M | $83.5M | 3.94% | +9.6% |
| 12 | Hyatt Hotels H | 394,588 | $61.9M | 2.92% | −1.7% |
| 13 | RTX RTX | 524,993 | $60.8M | 2.87% | −2.6% |
| 14 | Millicom International Cellular TIGO | 2.4 M | $60.3M | 2.85% | new |
| 15 | PVH PVH | 510,017 | $53.9M | 2.55% | −2.4% |
| 16 | CNH Industrial CNH | 4.7 M | $53.8M | 2.54% | −3.6% |
| 17 | Graham Holdings GHC | 59,059 | $51.5M | 2.43% | −19% |
| 18 | PayPal Holdings PYPL | 579,537 | $49.5M | 2.34% | −31% |
| 19 | Sharkninja SN | 438,392 | $42.7M | 2.02% | −25% |
| 20 | Oscar Health OSCR | 3.1 M | $42.1M | 1.99% | +52% |
| 21 | Potlatchdeltic PCH | 989,166 | $38.8M | 1.83% | no change |
| 22 | White Mountains Insurance Group WTM | 19,244 | $37.4M | 1.77% | −7.2% |
| 23 | Atlanta Braves Holdings BATRK | 851,017 | $32.6M | 1.54% | no change |
| 24 | Park Hotels & Resorts PK | 2.3 M | $32.5M | 1.54% | −2.9% |
| 25 | Boston Beer SAM | 106,317 | $31.9M | 1.51% | no change |
| 26 | Dole DOLE | 2.4 M | $31.9M | 1.50% | +33% |
| 27 | Westrock Coffee WEST | 4.9 M | $31.3M | 1.48% | no change |
| 28 | H World Group HTHT | 931,921 | $30.8M | 1.45% | −12% |
| 29 | Melco Resorts & Entertainment MLCO | 5.2 M | $30.2M | 1.42% | −13% |
| 30 | Howard Hughes Holdings HHH | 217,395 | $16.7M | 0.79% | −32% |
| 31 | Empire State Realty Trust ESRT | 1.6 M | $16.1M | 0.76% | −17% |
| 32 | Anywhere Real Estate | 3.5 M | $11.5M | 0.54% | no change |
| 33 | Liberty Media | 159,319 | $10.8M | 0.51% | −71% |
| 34 | Hdfc Bank HDB | 63,489 | $4.1M | 0.19% | −35% |
| 35 | Liberty Media | 55,259 | $3.7M | 0.17% | −54% |
| 36 | XPO XPO | 15,980 | $2.1M | 0.10% | no change |
| 37 | Cardinal Health CAH | 17,581 | $2.1M | 0.10% | no change |
| 38 | Live Nation Entertainment LYV | 14,086 | $1.8M | 0.09% | −98% |
| 39 | Enovis ENOV | 36,583 | $1.6M | 0.08% | +61% |
| 40 | RXO RXO | 53,978 | $1.3M | 0.06% | no change |
| 41 | Alphabet GOOG | 6,527 | $1.2M | 0.06% | no change |
| 42 | Lazard LAZ | 22,863 | $1.2M | 0.06% | no change |
| 43 | Henry Schein HSIC | 15,600 | $1.1M | 0.05% | no change |
| 44 | Madison Square Grdn Sprt COR MSGS | 4,028 | $909K | 0.04% | no change |
Positions it closed (3)
- Warner Music Group WMGwas 2.59% · 1.8 M shares
- Warner Bros. Discovery WBDwas 2.49% · 6.7 M shares
- Seaport Entertainment Group SEGwas 0.04% · 35,533 shares
One row per line of the filing (by CUSIP): share classes of the same company are listed separately here. “Change in shares” compares the count with the previous quarter, split-adjusted; the value is the one reported in the 13F at quarter end, not today's price.
Original documents: Southeastern Asset Management's 13F filings on EDGAR (SEC) ↗
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Source: 13F filings with the SEC. A 13F shows the portfolio at quarter-end and is filed up to 45 days later: these are not real-time positions. Not investment advice.