13F-HR 1 f13f1202.txt 13F REPORT UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D. C. 20549 Form 13F Form 13F COVER PAGE Report for the Calendar Year or Quarter Ended: 12/31/02 Check here if Amendment [ ]; Amendment Number: ____ This Amendment (Check only one.): [ ] is a restatement. [ ] adds new holdings entries. Institutional Investment Manager Filing this Report: Name: Southeastern Asset Management, Inc. Address: 6410 Poplar Avenue, Suite 900 Memphis, Tennessee 38119 Form 13F File Number: 28-1399 The institutional investment manager filing this report and the person signing the report hereby represent that the person signing the report is authorized to submit it, that all information contained herein is true, correct and complete, and that it is understood that all required items, statements, schedules, lists, and tables, are considered to be integral parts of this form. Person Signing this Report on Behalf of Reporting Manager: Name: Randy D. Holt Title: Vice President and Secretary Phone: 901-818-5100 Signature, Place, and Date of Signing: Randy D. Holt Memphis, Tennessee 02/13/03 Report Type (Check only one.): [X] 13F HOLDINGS REPORT. (Check here if all holdings of this reporting manager are reported in this report.) [ ] 13F NOTICE. (Check here if no holdings reported are in this report, and all holdings are reported by other reporting manager(s).) [ ] 13F COMBINATION REPORT. (Check here if a portion of the holdings for this reporting manager are reported in this report and a portion are reported by other reporting manager(s).) List of Other Managers Reporting for this Manager: None Form 13F SUMMARY PAGE Report Summary: Number of Other Included Managers: 1 Form 13F Information Table Entry Total: 114 Form 13f Information Table Value Total: 13,281,787 (thousands) List of Other Included Managers: Provide a numbered list of the name(s) and Form 13F file number(s) of all institutional investment managers with respect to which this report is filed, other than the manager filing this report. No. Form 13F File Number Name 01 28-N/A Longleaf Partners Funds Trust, an investment company registered under the Investment Company Act of 1940 (File # 811-4923) on behalf of one or more of its three series: Longleaf Partners Fund Longleaf Partners Small-Cap Fund Longleaf Partners International Fund FORM 13F INFORMATION TABLE VALUE SHARES/ SH/ PUT/ INVSTMT OTHER VOTING AUTHORITY NAME OF ISSUER TITLE OF CLASS CUSIP (x$1000) PRN AMT PRN CALL DSCRETN MANAGERS SOLE SHARED NONE ------------------------------ ---------------- --------- -------- -------- --- ---- ------- ------------ -------- -------- -------- A T & T Corp COM 001957109 403864 22263706 SH SOLE 17833706 4430000 171242 9440000 SH DEFINED 01 9440000 671 37000 SH OTHER 37000 Aetna, Inc.-New COM 00817Y108 36553 1108000 SH SOLE 1104000 4000 2745 83200 SH DEFINED 01 83200 Alexander & Baldwin Co. COM 014482103 51678 1935503 SH SOLE 1840003 95500 707 26466 SH OTHER 26466 Alleghany Corp COM 017175100 100863 524101 SH SOLE 423977 100124 72380 376100 SH DEFINED 01 376100 Allied Waste Industries, Inc. COM 019589308 7058 502000 SH SOLE 502000 26506 1885200 SH DEFINED 01 1885200 Aon Corp COM 037389103 121457 3419400 SH SOLE 2619400 800000 604 17000 SH OTHER 17000 BKF Capital Group COM 05548G102 448 15600 SH SOLE 15600 Brascan Corporation COM 10549P606 11692 647400 SH SOLE 647400 Canadian 88 Energy Corp COM 13566G509 2585 2209200 SH DEFINED 01 2209200 Catellus Development Corp COM 149111106 144617 7859600 SH SOLE 6056600 1803000 62442 3393600 SH DEFINED 01 3393600 6886 374232 SH OTHER 40332 333900 Coca-Cola Enterprises COM 191219104 3921 207000 SH DEFINED 01 207000 Cousins Properties COM 222795106 438 18000 SH SOLE 18000 Deltic Timber Corp COM 247850100 4146 151300 SH SOLE 71300 80000 40963 1495000 SH DEFINED 01 1495000 8905 325000 SH OTHER 325000 Diageo Plc - ADR COM 25243Q205 80926 1749000 SH SOLE 1706000 43000 43873 948200 SH DEFINED 01 948200 FedEx Corp. COM 31428X106 649659 12522347 SH SOLE 10093747 2428600 291306 5615000 SH DEFINED 01 5615000 1238 23866 SH OTHER 23866 Fiat SPA ADR COM 315621888 122172 7635750 SH SOLE 7214750 421000 First Tenn Natl COM 337162101 870 24000 SH SOLE 24000 Fleming Cos COM 339130106 22920 1238900 SH SOLE 622900 616000 72359 3911300 SH DEFINED 01 3911300 Forest City Enterprises, Inc. COM 345550107 101332 2618400 SH SOLE 1641000 977400 87914 2271675 SH DEFINED 01 2271675 19725 509700 SH OTHER 509700 Forest City Enterprises, Inc. COM 345550305 229 5850 SH OTHER 5850 General Motors COM 370442105 479074 9857500 SH SOLE 7943900 1913600 243000 5000000 SH DEFINED 01 5000000 713 14666 SH OTHER 14666 General Motors Class H COM 370442832 463515 30001000 SH SOLE 24718000 5283000 214926 13911100 SH DEFINED 01 13911100 798 51666 SH OTHER 51666 Genlyte Group, Inc. COM 372302109 71647 2407500 SH DEFINED 01 2407500 Hilton Hotels Corp COM 432848109 498771 45674994 SH SOLE 35962173 9712821 286810 26264653 SH DEFINED 01 26264653 16737 1532666 SH OTHER 71666 1461000 Hollinger International, Inc. COM 435569108 78406 6701400 SH SOLE 4645400 2056000 126418 10805000 SH DEFINED 01 10805000 Host Marriott Corporation COM 44107P104 247914 27545947 SH SOLE 22691793 4854154 136856 15206250 SH DEFINED 01 15206250 8378 930900 SH OTHER 55798 875102 IHOP Corp. COM 449623107 10489 358000 SH SOLE 208000 150000 87258 2978100 SH DEFINED 01 2978100 15382 525000 SH OTHER 525000 Knight Ridder COM 499040103 354474 5459325 SH SOLE 4320625 1138700 193056 2973300 SH DEFINED 01 2973300 2751 42366 SH OTHER 42366 Koninklijke Philips Electronic COM 500472303 14290 490900 SH SOLE 490900 24519 842300 SH DEFINED 01 842300 Macerich Company COM 554382101 43584 1638500 SH DEFINED 01 1638500 6730 253000 SH OTHER 253000 Marriott International Class A COM 571903202 515361 12678005 SH SOLE 10420005 2258000 402476 9901000 SH DEFINED 01 9901000 13184 324332 SH OTHER 24332 300000 Neiman Marcus Group Class B COM 640204301 15634 526400 SH SOLE 526400 69311 2333700 SH DEFINED 01 2333700 Neiman-Marcus Group COM 640204202 37371 1202800 SH SOLE 1000800 202000 15970 514000 SH DEFINED 01 514000 News Corp Ltd COM 652487703 12947 407000 SH DEFINED 01 407000 Pepsi Bottling Group, Inc. COM 713409100 109928 4677800 SH SOLE 4294700 383100 PepsiAmericas. Inc. COM 71343P200 31812 2305200 SH SOLE 2050200 255000 42130 3052900 SH DEFINED 01 3052900 Pioneer Natural Resources Co. COM 723787107 281120 14596064 SH SOLE 11037907 3558157 215732 11201032 SH DEFINED 01 11201032 655 34000 SH OTHER 34000 Plum Creek Timber Co., Inc. COM 729251108 411978 14531868 SH SOLE 11938048 2593820 211303 7453384 SH DEFINED 01 7453384 7223 254773 SH OTHER 42012 212761 RLI Corp COM 749607107 4986 110800 SH SOLE 110800 Ralcorp Holdings Inc. COM 751028101 9968 439100 SH SOLE 238000 201100 67464 2972000 SH DEFINED 01 2972000 Rayonier, Inc. COM 754907103 102888 2038600 SH SOLE 1617200 421400 146363 2900000 SH DEFINED 01 2900000 5072 100500 SH OTHER 100500 Saks, Inc. COM 79377W108 259499 27783605 SH SOLE 22444605 5339000 62 6666 SH OTHER 6666 ServiceMaster Company COM 81760N109 377307 27341100 SH SOLE 21366700 5974400 994 72000 SH OTHER 72000 Telephone & Data Systems, Inc. COM 879433100 91877 1023700 SH SOLE 1007000 16700 187066 2084300 SH DEFINED 01 2084300 Texas Industries COM 882491103 9564 259200 SH SOLE 146600 112600 84903 2300900 SH DEFINED 01 2300900 The MONY Group, Inc. COM 615337102 8943 258700 SH SOLE 258700 72237 2089600 SH DEFINED 01 2089600 Thomas Industries COM 884425109 5625 225000 SH SOLE 130000 95000 37500 1500000 SH DEFINED 01 1500000 Tricon Global Restaurants, Inc COM 895953107 600019 12195500 SH SOLE 9953500 2242000 320292 6510000 SH DEFINED 01 6510000 935 19000 SH OTHER 19000 Trizec Hahn COM 896938107 276428 17606891 SH SOLE 14161891 3445000 199344 12697100 SH DEFINED 01 12697100 9466 602900 SH OTHER 47900 555000 U. S. Industries COM 912080108 6570 2566500 SH SOLE 2238500 328000 20838 8140000 SH DEFINED 01 8140000 UCAR International, Inc. COM 90262K109 38125 3563082 SH SOLE 2906182 656900 47615 4450000 SH DEFINED 01 4450000 USG Corporation COM 903293405 13468 2354600 SH SOLE 1157700 1196900 17514 3061900 SH DEFINED 01 3061900 Walt Disney Company COM 254687106 332620 16053100 SH SOLE 13863700 2189400 201398 9720000 SH DEFINED 01 9720000 145 7000 SH OTHER 7000 Waste Management, Inc. COM 94106L109 612943 19208493 SH SOLE 15248693 3959800 317827 9960100 SH DEFINED 01 9960100 1153 36132 SH OTHER 36132 Fiat COM 315621888 9226 575000 SH SOLE 575000 45647 2845000 SH DEFINED 01 2845000 Koninklijke Philips Electronic COM 500472303 15981 537700 SH DEFINED 01 537700 Brascan Corporation COM 10549P606 3422 190000 SH SOLE 190000 77176 4285000 SH DEFINED 01 4285000 News Corp. Ltd COM 652487703 31987 4000000 SH DEFINED 01 4000000