13F-HR 1 f13f1212.txt 13F - DECEMBER 31, 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: 12/31/2012 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 02/14/2013 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: 86 Form 13f Information Table Value Total: 22823384 (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-When Issue COM 002824126 82233 2618878 SH Sole 2186029 432849 162687 5181109 SH Defined 01 5181109 Abbott Laboratories COM 002824100 159770 2439239 SH Sole 2062039 377200 295730 4514967 SH Defined 01 4514967 AbbVie Inc - When Issued COM 00287Y109 205 6000 SH Sole 6000 American International Group I COM 026874784 2827 80075 SH Sole 80075 Aon PLC COM G0408V102 775013 13936577 SH Sole 11374077 2562500 369795 6649788 SH Defined 01 6649788 Bank of New York Mellon Corpor COM 064058100 776701 30221823 SH Sole 24136023 6085800 379998 14785900 SH Defined 01 14785900 Berkshire Hathaway Inc. Class COM 084670108 938 7 SH Sole 7 Berkshire Hathaway Inc. Class COM 084670702 177183 1975280 SH Sole 1587580 387700 262462 2926000 SH Defined 01 2926000 CEMEX S.A.B. de C.V. ADR COM 151290889 790113 80052003 SH Sole 63672946 16379057 Chesapeake Energy Corporation COM 165167107 965136 58070755 SH Sole 47739283 10331472 455564 27410576 SH Defined 01 27410576 CNH Global N.V. COM N20935206 45685 1133900 SH Sole 933200 200700 14101 350000 SH Defined 01 350000 CONSOL Energy Inc. COM 20854P109 398577 12416741 SH Sole 10193767 2222974 403914 12583000 SH Defined 01 12583000 Dell Inc. COM 24702R101 937418 92447558 SH Sole 75467120 16980438 313103 30878000 SH Defined 01 30878000 DineEquity Inc COM 254423106 7665 114400 SH Sole 77400 37000 168259 2511331 SH Defined 01 2511331 DIRECTV COM 25490A309 831806 16583047 SH Sole 13041647 3541400 462064 9211800 SH Defined 01 9211800 Everest Re Group Ltd. COM G3223R108 348761 3172000 SH Sole 2290300 881700 159384 1449600 SH Defined 01 1449600 FedEx Corporation COM 31428X106 1043130 11372980 SH Sole 9348786 2024194 451456 4922106 SH Defined 01 4922106 Franklin Resources Inc. COM 354613101 246062 1957537 SH Sole 1577715 379822 264260 2102305 SH Defined 01 2102305 General Motors Co COM 37045V100 807 28000 SH WT Sole 28000 Lamar Advertising Company COM 512815101 35309 911200 SH Sole 860200 51000 175180 4520772 SH Defined 01 4520772 Legg Mason Inc. COM 524901105 782 30400 SH Sole 30400 67530 2625600 SH Defined 01 2625600 Level 3 Communications Inc. COM 52729N308 584797 25304925 SH Sole 21052016 4252909 494197 21384565 SH Defined 01 21384565 Loews Corporation COM 540424108 971343 23836638 SH Sole 19226338 4610300 564510 13853000 SH Defined 01 13853000 Madison Square Garden Company COM 55826P100 1907 43000 SH Sole 43000 191429 4316323 SH Defined 01 4316323 Martin Marietta Materials Inc. COM 573284106 364665 3867889 SH Sole 3394089 473800 185826 1971000 SH Defined 01 1971000 Microsoft Corporation COM 594918104 1370 51295 SH Sole 51295 Mondelez International Inc COM 609207105 574833 22583900 SH Sole 17943500 4640400 304089 11947000 SH Defined 01 11947000 Murphy Oil Corporation COM 626717102 364192 6115727 SH Sole 4817195 1298532 Potlatch Corporation COM 737630103 53446 1365200 SH Defined 01 1365200 Quicksilver Resources Inc. COM 74837R104 738 258000 SH Sole 258000 70319 24587000 SH Defined 01 24587000 Royal Philips Electronics ADR COM 500472303 472746 17812568 SH Sole 14937193 2875375 71300 2686500 SH Defined 01 2686500 Saks Incorporated COM 79377W108 129083 12281915 SH Sole 9368950 2912965 151854 14448500 SH Defined 01 14448500 Scripps Networks Interactive COM 811065101 11179 193000 SH Sole 169000 24000 130899 2260000 SH Defined 01 2260000 Service Corporation Internatio COM 817565104 172210 12469951 SH Sole 10288951 2181000 167265 12111900 SH Defined 01 12111900 Texas Industries Inc. COM 882491103 34830 682800 SH Sole 619300 63500 383124 7510757 SH Defined 01 7510757 The Travelers Companies Inc. COM 89417E109 796134 11085133 SH Sole 9724233 1360900 375062 5222252 SH Defined 01 5222252 The Washington Post Company COM 939640108 44669 122310 SH Sole 117410 4900 156310 428000 SH Defined 01 428000 tw telecom inc. COM 87311L104 187362 7356166 SH Sole 6690366 665800 137080 5382000 SH Defined 01 5382000 Vail Resorts Inc. COM 91879Q109 13931 257558 SH Sole 220558 37000 179417 3317000 SH Defined 01 3317000 Vodafone Group Plc ADR COM 92857W209 58074 2305419 SH Sole 1757419 548000 30631 1215997 SH Defined 01 1215997 Vornado Realty Trust COM 929042109 34559 431551 SH Sole 425951 5600 Vulcan Materials Company COM 929160109 97379 1870868 SH Sole 1409068 461800 371564 7138603 SH Defined 01 7138603 Walt Disney Company COM 254687106 585200 11753365 SH Sole 9238466 2514899 321786 6462864 SH Defined 01 6462864 Wendy's Company COM 95058W100 33617 7152500 SH Sole 6821600 330900 131445 27967000 SH Defined 01 27967000 Willis Group Holdings PLC COM G96666105 6287 187500 SH Sole 159500 28000 176871 5275000 SH Defined 01 5275000 CEMEX Convertible Bond 3.25 3/ CONV 151290BB8 64084 56276000 PRN Sole 56276000 261012 229209000 PRN Defined 01 229209000 CEMEX Convertible Bond 3.75 3/ CONV 151290BC6 60154 52709000 PRN Sole 52709000 205442 180015000 PRN Defined 01 180015000 Level 3 Communications Inc. Co CONV 52729NBR0 11560 8000000 PRN Sole 8000000