13F filing recap · Q4 2014

What did Southeastern Asset Management buy in Q4 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

$17.38B

Positions

Estimated turnover

38.6%

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

CRCCalifornia Resources Corp$184.48Mreported value+33.48M shares CHMTChemtura Corp$101.90Mreported value+4.12M shares MLCOMelco Resorts & Entertainment Limited$1.75Mreported value+68.9K shares

Increased positions

LVLTLevel 3 Communications Inc$2.70Breported value+9.30M shares+20.5%CHKChesapeake Energy Corporation$1.45Breported value+11.07M shares+17.6%MCDMcdonald’s Corporation$1.12Breported value+4.67M shares+64.3%CEIXConsol Energy Inc$1.11Breported value+10.42M shares

Reduced positions

LLoews Corp$1.43Breported value-601.5K shares-1.7%FDXFedex Corporation$1.02Breported value-3.52M shares-37.5%MDLZMondelez International, Inc.$971.37Mreported value-3.90M shares-12.7%AONAon Plc$775.10Mreported value-377.3K shares

Exited positions

TWTCTw Telecom Inc$623.21Mprior reported value-14.98M shares-100.0%NWSNews Corporation$409.00Mprior reported value-25.36M shares-100.0%NWSANews Corporation$262.50Mprior reported value-16.05M shares-100.0%VODVodafone Group Public Ltd Co$202.48Mprior reported value-6.16M shares