13F filing recap · Q4 2003

What did Southeastern Asset Management buy in Q4 2003?

Reported stock-position changes between this filing and the previous one. US-listed stocks across every Southeastern account, including accounts that belong to no fund below.

Stock value

$17.45B

Positions

Estimated turnover

17.8%

Turnover is a proxy: verified trade-origin share changes valued at period-end and divided by average reported stock value. SEC holdings reports do not disclose execution dates or prices. Corporate actions and unreconciled activity are excluded.

New positions

HSHughes Electronics Corp$924.37Mreported value+55.85M shares NWSANews Corporation$188.97Mreported value+6.25M shares ORHOdyssey Re Holdings Corp.$6.31Mreported value+279.9K shares

Increased positions

AONAon Plc$1.05Breported value+5.70M shares+15.0%WMWaste Management, Inc$1.00Breported value+660.0K shares+2.0%GMGeneral Motors Corp$915.58Mreported value+102.0K shares+0.6%VVivendi SE$908.37Mreported value+45.0K shares

Reduced positions

DISWalt Disney Co/$1.13Breported value-114.0K shares-0.2%YUMYum! Brands, Inc.$1.06Breported value-168.0K shares-0.5%HLTHilton Hotels Corporation$983.40Mreported value-545.3K shares-0.9%FDXFedex Corporation$811.06Mreported value-1.16M shares

Exited positions

GMGeneral Motors Corp$977.63Mprior reported value-68.32M shares-100.0%RAHRalcorp Holdings, Inc.$53.51Mprior reported value-1.93M shares-100.0%