13F filing recap · Q3 2014

What did Southeastern Asset Management buy in Q3 2014?

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

$18.33B

Positions

Estimated turnover

22.7%

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

MCDMcdonald’s Corporation$687.62Mreported value+7.25M shares CNHCnh Industrial N.v.$230.37Mreported value+29.05M shares DWADreamWorks Animation Skg Inc$132.19Mreported value+4.85M shares BENFranklin Resources, Inc.$110.31Mreported value+2.02M shares DELDeltic Timber Corporation$13.13Mreported value+210.7K shares

Increased positions

SNIScripps Networks Interactive, Inc.$660.71Mreported value+5.68M shares+204.0%PHGKoninklijke Philips NV$586.22Mreported value+2.67M shares+16.9%GHCGraham Holdings Co$487.53Mreported value+95.5K shares+15.9%RYNRayonier Inc.$240.60Mreported value+6.38M shares

Reduced positions

LVLTLevel 3 Communications Inc$2.08Breported value-1.67M shares-3.5%FDXFedex Corporation$1.51Breported value-3.03M shares-24.4%CHKChesapeake Energy Corporation$1.44Breported value-1.50M shares-2.3%LLoews Corp$1.44Breported value-685.9K shares

Exited positions

TXITexas Industries Inc.$282.61Mprior reported value-3.06M shares-100.0%DINDine Brands Global, Inc.$16.93Mprior reported value-213.0K shares-100.0%