13F filing recap · Q2 2005

What did Southeastern Asset Management buy in Q2 2005?

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

$20.63B

Positions

Estimated turnover

16.1%

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

FWONALiberty Media Corporation$1.15Breported value+113.08M shares TDS.STelephone and Data Systems, Inc.$459.30Mreported value+11.98M shares SCIService Corporation International$56.86Mreported value+7.09M shares HLRHollinger International Inc.$15.04Mreported value+1.50M shares

Increased positions

CXCemex S.a.b. De C.v.$1.58Breported value+3.09M shares+9.0%DTVDirectv Group Inc$1.31Breported value+865.0K shares+1.0%PHGKoninklijke Philips NV$875.50Mreported value+624.9K shares+1.8%PXDPioneer Natural Resources Co$713.15Mreported value+3.35M shares

Reduced positions

GMGeneral Motors Corp$1.37Breported value-363.0K shares-0.9%DISWalt Disney Co/$1.30Breported value-1.63M shares-3.0%YUMYum! Brands, Inc.$1.27Breported value-5.11M shares-17.4%AONAon Plc$1.11Breported value-1.18M shares

Exited positions

ATAlltel Corp$30.05Mprior reported value-547.9K shares-100.0%