13F filing recap · Q4 2011

What did Southeastern Asset Management buy in Q4 2011?

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

$21.99B

Positions

Estimated turnover

18.3%

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

LVLTLevel 3 Communications Inc$679.82Mreported value+40.01M shares BENFranklin Resources, Inc.$105.42Mreported value+1.10M shares

Increased positions

TRVTravelers Companies, Inc.$1.07Breported value+1.72M shares+10.5%FDXFedex Corporation$980.40Mreported value+439.2K shares+3.9%BNYThe Bank of New York Mellon Corporation$851.07Mreported value+1.94M shares+4.7%PHGKoninklijke Philips NV$497.55Mreported value+362.8K shares

Reduced positions

DELLDell Technologies Inc.$2.07Breported value-5.12M shares-3.5%CHKChesapeake Energy Corporation$1.95Breported value-685.9K shares-0.8%LLoews Corp$1.42Breported value-684.0K shares-1.8%DTVDirectv$1.34Breported value-3.11M shares

Exited positions

NWSANews Corporation$812.14Mprior reported value-52.46M shares-100.0%LVLTLevel 3 Communications Inc$678.97Mprior reported value-455.68M shares-100.0%JETMFGlobal Crossing Ltd.$233.69Mprior reported value-9.77M shares-100.0%TDS.STelephone and Data Systems, Inc.$42.33Mprior reported value