13F-HR 1 f13f603.txt 13 F 6/03 UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D. C. 20549 Form 13F Form 13F COVER PAGE Report for the Calendar Year or Quarter Ended: 06/30/03 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 08/05/03 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: 106 Form 13f Information Table Value Total: 15,201,813 (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 ------------------------------ ---------------- --------- -------- -------- --- ---- ------- ------------ -------- -------- -------- Alleghany Corp COM 017175100 53800 281674 SH SOLE 209631 72043 74737 391294 SH DEFINED 01 391294 Allied Waste Industries, Inc. COM 019589308 3718 370000 SH SOLE 370000 Alltel Corp COM 020039103 26805 555900 SH SOLE 555900 Amdocs Ltd. Ord COM G02602103 1915 79800 SH SOLE 79800 Aon Corp COM 037389103 517183 21477700 SH SOLE 17396700 4081000 290333 12057000 SH DEFINED 01 12057000 891 37000 SH OTHER 37000 Automatic Data Processing COM 053015103 128296 3789000 SH SOLE 3442000 347000 161908 4781700 SH DEFINED 01 4781700 169 5000 SH OTHER 5000 Brascan Corporation COM 10549P606 2456 100000 SH SOLE 100000 Brookfield Properties Corp COM 112900105 1891 89000 SH SOLE 53000 36000 Cable & Wireless ADR COM 126830207 186 34000 SH SOLE 34000 Catellus Development Corp COM 149111106 28578 1299000 SH SOLE 962700 336300 66 3000 SH OTHER 3000 Checkpoint Systems, Inc. COM 162825103 48721 3443200 SH SOLE 2490400 952800 Comcast Corp Cl A COM 20030N101 122304 4052473 SH SOLE 3060625 991848 50370 1668996 SH DEFINED 01 1668996 39 1294 SH OTHER 1294 Comcast Corp Special Cl A COM 20030N200 390875 13557917 SH SOLE 11224417 2333500 287666 9978000 SH DEFINED 01 9978000 764 26500 SH OTHER 26500 Deltic Timber Corp COM 247850100 4304 151300 SH SOLE 71300 80000 42533 1495000 SH DEFINED 01 1495000 Diageo Plc - ADR COM 25243Q205 24042 549400 SH SOLE 502400 47000 FedEx Corp. COM 31428X106 516124 8320561 SH SOLE 6671961 1648600 348298 5615000 SH DEFINED 01 5615000 1480 23866 SH OTHER 23866 First Tenn Natl COM 337162101 1054 24000 SH SOLE 24000 Forest City Enterprises, Inc. COM 345550107 91248 2201400 SH SOLE 1224000 977400 94161 2271675 SH DEFINED 01 2271675 General Motors COM 370442105 434691 12074760 SH SOLE 9747460 2327300 180000 5000000 SH DEFINED 01 5000000 528 14666 SH OTHER 14666 General Motors Class H COM 370442832 596695 46580371 SH SOLE 38635471 7944900 286027 22328400 SH DEFINED 01 22328400 927 72333 SH OTHER 72333 Genlyte Group, Inc. COM 372302109 74822 2139600 SH DEFINED 01 2139600 Hilton Hotels Corp COM 432848109 536521 41948482 SH SOLE 34117987 7830495 309318 24184353 SH DEFINED 01 24184353 904 70666 SH OTHER 70666 Hollinger International, Inc. COM 435569108 72906 6769400 SH SOLE 4276400 2493000 124383 11549000 SH DEFINED 01 11549000 IHOP Corp. COM 449623107 9124 289000 SH SOLE 139000 150000 94019 2978100 SH DEFINED 01 2978100 Jacuzzi Brands, Inc. COM 469865109 30303 5728300 SH SOLE 4237000 1491300 46764 8840000 SH DEFINED 01 8840000 Knight Ridder COM 499040103 305815 4436604 SH SOLE 3523504 913100 204950 2973300 SH DEFINED 01 2973300 744 10800 SH OTHER 10800 Koninklijke Philips Electronic COM 500472303 147099 7697500 SH SOLE 6806900 890600 87811 4595034 SH DEFINED 01 4595034 57 3000 SH OTHER 3000 Level 3 Communications COM 52729N100 775994 116515543SH DEFINED 01 116515543 Marriott International Class A COM 571903202 435847 11344263 SH SOLE 9275763 2068500 282771 7360000 SH DEFINED 01 7360000 807 21000 SH OTHER 21000 Millea Holdings, Inc. ADR COM 60032R106 4130 107400 SH SOLE 107400 NCR Corp COM 62886E108 141135 5508800 SH SOLE 4067000 1441800 97656 3811700 SH DEFINED 01 3811700 Neiman Marcus Group Class B COM 640204301 17785 515500 SH SOLE 515500 80513 2333700 SH DEFINED 01 2333700 Neiman-Marcus Group COM 640204202 103977 2840900 SH SOLE 2413900 427000 20320 555200 SH DEFINED 01 555200 News Corp Ltd ADR COM 652487703 77897 2573400 SH SOLE 2143000 430400 41924 1385000 SH DEFINED 01 1385000 PepsiAmericas. Inc. COM 71343P200 26868 2139200 SH SOLE 1919200 220000 67244 5353800 SH DEFINED 01 5353800 Pioneer Natural Resources Co. COM 723787107 252648 9680000 SH SOLE 7416100 2263900 267708 10257000 SH DEFINED 01 10257000 835 32000 SH OTHER 32000 Ralcorp Holdings Inc. COM 751028101 1835 73500 SH SOLE 73500 50379 2018400 SH DEFINED 01 2018400 Rayonier, Inc. COM 754907103 65523 1985550 SH SOLE 1459950 525600 143550 4350000 SH DEFINED 01 4350000 Ruddick Corp. COM 781258108 53355 3394100 SH DEFINED 01 3394100 Saks, Inc. COM 79377W108 192352 19830085 SH SOLE 14842085 4988000 65 6666 SH OTHER 6666 ServiceMaster Company COM 81760N109 224027 20937105 SH SOLE 16404105 4533000 722 67500 SH OTHER 67500 Shaw Communications, Inc. Clas COM 82028K200 119051 8851400 SH SOLE 7391900 1459500 241648 17966400 SH DEFINED 01 17966400 Telephone & Data Systems, Inc. COM 879433100 367937 7403157 SH SOLE 5871357 1531800 178845 3598500 SH DEFINED 01 3598500 447 9000 SH OTHER 9000 Texas Industries COM 882491103 5479 230200 SH SOLE 117600 112600 68568 2881000 SH DEFINED 01 2881000 The MONY Group, Inc. COM 615337102 6972 258700 SH SOLE 258700 56315 2089600 SH DEFINED 01 2089600 Trizec Properties COM 89687P107 204286 17967136 SH SOLE 14379536 3587600 187376 16479900 SH DEFINED 01 16479900 545 47900 SH OTHER 47900 Vivendi Universal ADR COM 92851s204 598736 32469400 SH SOLE 26889700 5579700 80231 4350900 SH DEFINED 01 4350900 996 54000 SH OTHER 54000 Walt Disney Company COM 254687106 590570 29902300 SH SOLE 24851100 5051200 376158 19046000 SH DEFINED 01 19046000 908 46000 SH OTHER 46000 Waste Management, Inc. COM 94106L109 550021 22831923 SH SOLE 18451423 4380500 244781 10161100 SH DEFINED 01 10161100 870 36132 SH OTHER 36132 Yum! Brands, Inc. COM 988498101 565356 19125723 SH SOLE 15802723 3323000 363529 12298000 SH DEFINED 01 12298000 1005 34000 SH OTHER 34000 Brascan Corporation COM 10549P606 101992 4167900 SH DEFINED 01 4167900