0000807985-12-000027.txt : 20120214
0000807985-12-000027.hdr.sgml : 20120214
20120214143104
ACCESSION NUMBER: 0000807985-12-000027
CONFORMED SUBMISSION TYPE: 13F-HR
PUBLIC DOCUMENT COUNT: 1
CONFORMED PERIOD OF REPORT: 20111231
FILED AS OF DATE: 20120214
DATE AS OF CHANGE: 20120214
EFFECTIVENESS DATE: 20120214
FILER:
COMPANY DATA:
COMPANY CONFORMED NAME: SOUTHEASTERN ASSET MANAGEMENT INC/TN/
CENTRAL INDEX KEY: 0000807985
IRS NUMBER: 620951781
STATE OF INCORPORATION: TN
FISCAL YEAR END: 1231
FILING VALUES:
FORM TYPE: 13F-HR
SEC ACT: 1934 Act
SEC FILE NUMBER: 028-01399
FILM NUMBER: 12607872
BUSINESS ADDRESS:
STREET 1: 6410 POPLAR AVENUE STE 900
CITY: MEMPHIS
STATE: TN
ZIP: 38119
BUSINESS PHONE: 9017612474
MAIL ADDRESS:
STREET 1: 6410 POPLAR AVENUE
STREET 2: SUITE 900
CITY: MEMPHIS
STATE: TN
ZIP: 38119
FORMER COMPANY:
FORMER CONFORMED NAME: PROFESSIONAL PORTFOLIO MANAGEMENT INC
DATE OF NAME CHANGE: 19890314
FORMER COMPANY:
FORMER CONFORMED NAME: SOUTHEASTERN ASSET MANAGEMENT INC
DATE OF NAME CHANGE: 19880622
13F-HR
1
f13f1211.txt
13F - DECEMBER 31, 2011
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D. C. 20549
Form 13F
Form 13F COVER PAGE
Report for the Calendar Year or Quarter Ended: 12/31/2011
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: Andrew R. McCarroll
Title: General Counsel
Phone: 901-761-2474
Signature, Place, and Date of Signing:
/s/Andrew R. McCarroll Memphis, Tennessee 02/14/2012
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: 81
Form 13f Information Table Value Total: 22123082
(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
------------------------------ ---------------- --------- -------- -------- --- ---- ------- ------------ -------- -------- --------
Abbott Laboratories COM 002824100 231999 4125900 SH Sole 3303900 822000
373929 6650000 SH Defined 01 6650000
Aon Corporation COM 037389103 585279 12505970 SH Sole 10101970 2404000
488724 10442812 SH Defined 01 10442812
Bank of New York Mellon Corpor COM 064058100 495082 24865985 SH Sole 20618785 4247200
355989 17879895 SH Defined 01 17879895
Berkshire Hathaway Inc. Class COM 084670702 9782 128200 SH Sole 128200
CEMEX S.A.B. de C.V. ADR COM 151290889 586272 108770397 SH Sole 88017370 20753027
356896 66214507 SH Defined 01 66214507
Chesapeake Energy Corporation COM 165167107 1336953 59979948 SH Sole 50337276 9642672
610982 27410576 SH Defined 01 27410576
Dell Inc. COM 24702R101 1574454 107618203 SH Sole 89826965 17791238
494553 33804000 SH Defined 01 33804000
Dillard's Inc. COM 254067101 1481 33000 SH Sole 33000
123617 2754400 SH Defined 01 2754400
DineEquity Inc COM 254423106 5335 126400 SH Sole 78000 48400
125706 2978100 SH Defined 01 2978100
DIRECTV Cl A COM 25490A101 880327 20587633 SH Sole 16671033 3916600
456170 10668141 SH Defined 01 10668141
Everest Re Group Ltd. COM G3223R108 311880 3708883 SH Sole 2837400 871483
112260 1335000 SH Defined 01 1335000
FedEx Corporation COM 31428X106 585981 7016891 SH Sole 5885391 1131500
394418 4723000 SH Defined 01 4723000
Franklin Resources Inc. COM 354613101 42901 446606 SH Sole 256800 189806
62515 650787 SH Defined 01 650787
Ingersoll-Rand PLC COM G47791101 40394 1325700 SH Sole 1325700
81468 2673711 SH Defined 01 2673711
InterContinental Hotels Group COM 45857P301 332915 18505533 SH Sole 16326433 2179100
23949 1331245 SH Defined 01 1331245
Lamar Advertising Company COM 512815101 30814 1120500 SH Sole 1035500 85000
193187 7025000 SH Defined 01 7025000
Level 3 Communications Inc. COM 52729N308 432904 25479938 SH Sole 22159685 3320253
246919 14533169 SH Defined 01 14533169
Liberty Interactive Corporatio COM 53071M104 524370 32338605 SH Sole 25889636 6448969
347509 21431321 SH Defined 01 21431321
Loews Corporation COM 540424108 895444 23783365 SH Sole 19588365 4195000
521565 13853000 SH Defined 01 13853000
Madison Square Garden Company COM 55826P100 2048 71500 SH Sole 71500
168100 5869400 SH Defined 01 5869400
Markel Corporation COM 570535104 127100 306508 SH Sole 234735 71773
145815 351642 SH Defined 01 351642
Martin Marietta Materials Inc. COM 573284106 302543 4011970 SH Sole 3460170 551800
148633 1971000 SH Defined 01 1971000
Murphy Oil Corporation COM 626717102 13172 236315 SH Sole 236315
Potlatch Corporation COM 737630103 1187 38142 SH Sole 38142
83653 2688952 SH Defined 01 2688952
Quicksilver Resources Inc. COM 74837R104 1456 217000 SH Sole 217000
116372 17343000 SH Defined 01 17343000
Royal Philips Electronics ADR COM 500472303 429508 20501599 SH Sole 16890799 3610800
68042 3247831 SH Defined 01 3247831
Saks Incorporated COM 79377W108 34232 3511000 SH Sole 3356000 155000
139464 14304000 SH Defined 01 14304000
Scripps Networks Interactive COM 811065101 1739 41000 SH Sole 41000
143931 3393000 SH Defined 01 3393000
Service Corporation Internatio COM 817565104 151278 14204484 SH Sole 11099584 3104900
185859 17451523 SH Defined 01 17451523
Texas Industries Inc. COM 882491103 21017 682800 SH Sole 619300 63500
231181 7510757 SH Defined 01 7510757
The Travelers Companies Inc. COM 89417E109 620279 10483000 SH Sole 9222000 1261000
449006 7588400 SH Defined 01 7588400
The Washington Post Company COM 939640108 26790 71096 SH Sole 66910 4186
108898 289000 SH Defined 01 289000
tw telecom inc. COM 87311L104 314092 16207029 SH Sole 13850252 2356777
216089 11150100 SH Defined 01 11150100
Vail Resorts Inc. COM 91879Q109 1567 37000 SH Sole 37000
140508 3317000 SH Defined 01 3317000
Vodafone Group Plc ADR COM 92857W209 90423 3225919 SH Sole 2715919 510000
46116 1645235 SH Defined 01 1645235
Vulcan Materials Company COM 929160109 80784 2052968 SH Sole 1534868 518100
421207 10704110 SH Defined 01 10704110
Walt Disney Company COM 254687106 821295 21901188 SH Sole 17905888 3995300
420825 11222000 SH Defined 01 11222000
Wendy's Company COM 95058W100 34642 6463000 SH Sole 6463000
149314 27857000 SH Defined 01 27857000
Willis Group Holdings PLC COM G96666105 176470 4548200 SH Sole 3620200 928000
315172 8123000 SH Defined 01 8123000
Yum! Brands Inc. COM 988498101 502606 8517300 SH Sole 6860700 1656600
265543 4499960 SH Defined 01 4499960
Cemex Convertible Bond 4.875 3 CONV 151290AV5 4931 7500000 PRN Sole 7500000
Level 3 Communications Inc. Co CONV 52729NBM1 115697 100062000 PRN Defined 01 100062000
Level 3 Communications Inc. Co CONV 52729NBR0 9578 8000000 PRN Sole 8000000