13F-HR 1 f13f0912.txt 13F - SEPTEMBER 30, 2012 UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D. C. 20549 Form 13F Form 13F COVER PAGE Report for the Calendar Year or Quarter Ended: 09/30/2012 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 11/14/2012 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: 84 Form 13f Information Table Value Total: 23271019 (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 207120 3021000 SH Sole 2463400 557600 337864 4928000 SH Defined 01 4928000 American International Group I COM 026874784 2041 62250 SH Sole 62250 Aon PLC COM G0408V102 873266 16700439 SH Sole 13547039 3153400 503647 9631800 SH Defined 01 9631800 Bank of New York Mellon Corpor COM 064058100 641253 28348955 SH Sole 23599955 4749000 392932 17371000 SH Defined 01 17371000 Berkshire Hathaway Inc. Class COM 084670108 929 7 SH Sole 7 Berkshire Hathaway Inc. Class COM 084670702 181902 2062380 SH Sole 1600580 461800 258073 2926000 SH Defined 01 2926000 CEMEX S.A.B. de C.V. ADR COM 151290889 783164 94017299 SH Sole 74283463 19733836 Chesapeake Energy Corporation COM 165167107 1175761 62308455 SH Sole 51043983 11264472 517238 27410576 SH Defined 01 27410576 CONSOL Energy Inc. COM 20854P109 399237 13285747 SH Sole 10619957 2665790 378119 12583000 SH Defined 01 12583000 Dell Inc. COM 24702R101 977808 99219470 SH Sole 80992132 18227338 304303 30878000 SH Defined 01 30878000 DineEquity Inc COM 254423106 7364 131500 SH Sole 83100 48400 166774 2978100 SH Defined 01 2978100 DIRECTV COM 25490A309 935474 17838933 SH Sole 13964533 3874400 483067 9211800 SH Defined 01 9211800 Everest Re Group Ltd. COM G3223R108 358207 3348983 SH Sole 2364400 984583 142792 1335000 SH Defined 01 1335000 FedEx Corporation COM 31428X106 998260 11796975 SH Sole 9699481 2097494 416509 4922106 SH Defined 01 4922106 Franklin Resources Inc. COM 354613101 268442 2146337 SH Sole 1694300 452037 262935 2102305 SH Defined 01 2102305 General Motors Co WTS 37045V126 231 28000 SH Sole 28000 Ingersoll-Rand PLC COM G47791101 26027 580700 SH Sole 580700 44535 993644 SH Defined 01 993644 InterContinental Hotels Group COM 45857P301 198903 7577256 SH Sole 6818806 758450 1174 44737 SH Defined 01 44737 Lamar Advertising Company COM 512815101 33763 911200 SH Sole 860200 51000 173670 4687000 SH Defined 01 4687000 Leucadia National Corporation COM 527288104 111221 4888823 SH Defined 01 4888823 Level 3 Communications Inc. COM 52729N308 615841 26810647 SH Sole 22290379 4520268 491203 21384565 SH Defined 01 21384565 Liberty Interactive Corporatio COM 53071M104 436356 23586825 SH Sole 18891106 4695719 312150 16873000 SH Defined 01 16873000 Loews Corporation COM 540424108 994863 24112057 SH Sole 19193957 4918100 571575 13853000 SH Defined 01 13853000 Madison Square Garden Company COM 55826P100 2038 50600 SH Sole 50600 208253 5171423 SH Defined 01 5171423 Martin Marietta Materials Inc. COM 573284106 352206 4250103 SH Sole 3731303 518800 163337 1971000 SH Defined 01 1971000 Murphy Oil Corporation COM 626717102 29081 541642 SH Sole 541642 Potlatch Corporation COM 737630103 1836 49142 SH Sole 49142 103561 2771221 SH Defined 01 2771221 Quicksilver Resources Inc. COM 74837R104 1055 258000 SH Sole 258000 100561 24587000 SH Defined 01 24587000 Republic Services Inc. COM 760759100 16239 590300 SH Sole 573300 17000 Royal Philips Electronics ADR COM 500472303 504258 21503545 SH Sole 17571935 3931610 80340 3426019 SH Defined 01 3426019 Saks Incorporated COM 79377W108 75859 7357820 SH Sole 6137985 1219835 147567 14313000 SH Defined 01 14313000 Scripps Networks Interactive COM 811065101 11817 193000 SH Sole 169000 24000 138380 2260000 SH Defined 01 2260000 Service Corporation Internatio COM 817565104 197713 14688935 SH Sole 11706335 2982600 212708 15803000 SH Defined 01 15803000 Texas Industries Inc. COM 882491103 27756 682800 SH Sole 619300 63500 305312 7510757 SH Defined 01 7510757 The Travelers Companies Inc. COM 89417E109 817369 11974350 SH Sole 10376250 1598100 385386 5645852 SH Defined 01 5645852 The Washington Post Company COM 939640108 44983 123910 SH Sole 119010 4900 155377 428000 SH Defined 01 428000 tw telecom inc. COM 87311L104 206045 7897466 SH Sole 6837966 1059500 144252 5529000 SH Defined 01 5529000 Vail Resorts Inc. COM 91879Q109 15724 272758 SH Sole 235758 37000 191225 3317000 SH Defined 01 3317000 Vodafone Group Plc ADR COM 92857W209 77247 2710419 SH Sole 1917419 793000 34656 1215997 SH Defined 01 1215997 Vulcan Materials Company COM 929160109 96320 2036368 SH Sole 1518268 518100 478676 10120000 SH Defined 01 10120000 Walt Disney Company COM 254687106 668945 12795426 SH Sole 10041827 2753599 337879 6462864 SH Defined 01 6462864 Wendy's Company COM 95058W100 31110 6875100 SH Sole 6875100 126053 27857000 SH Defined 01 27857000 Willis Group Holdings PLC COM G96666105 9090 246200 SH Sole 218200 28000 194753 5275000 SH Defined 01 5275000 CEMEX Convertible Bond 3.25 3/ CONV 151290BB8 55819 56276000 PRN Sole 56276000 254921 257009000 PRN Defined 01 257009000 CEMEX Convertible Bond 3.75 3/ CONV 151290BC6 64185 64711000 PRN Sole 64711000 203619 205287000 PRN Defined 01 205287000 Level 3 Communications Inc. Co CONV 52729NBR0 11515 8000000 PRN Sole 8000000