SOUTHEASTERN ASSET MANAGEMENT INC/TN/

CIK 0000807985 · Q1 2026

13F Equity AUM

$2.0B

-9.5% QoQ

Positions

-4 QoQ

AUM Rank

#1,783

Top 14%

Skill Alpha (FF)

-2.8%/yr^ns

No Clear Edge

Rank #6,091 · Top 74%

vs S&P -6.4%/yr (unadj.)

Quarters Tracked

~13 years

Portfolio Concentration

Top 5: 41.8%Top 10: 62.7%Top 20: 84.1%

RYN10.9%

MAT9.2%

0J7Q7.9%

CNX7.6%

ACI6.2%

REGN5.0%

KHC4.4%

FDX4.3%

FBIN4.1%

MGM3.0%

Others (39)37.3%

HHI (Herfindahl-Hirschman Index) measures portfolio concentration. Low (<1500) = diversified, Moderate (1500-2500), High (>2500) = concentrated bets.

Sector Allocation

Consumer Cyclical19.6%

Consumer Defensive17.9%

Real Estate13.7%

Technology12.3%

Industrials10.6%

Healthcare8.7%

Energy7.6%

Communication Services6.3%

Other3.3%

Portfolio weight by GICS sector based on latest 13F filing. Sectors below 2% are grouped as “Other.”

Position Sizing

Positions: 49Median: 1.36%Avg: 2.04%

0–0.5%

16(0.8%)

0.5–1%

3(1.9%)

1–3%

20(34.6%)

3–5%

5(20.8%)

5%+

5(41.8%)

Count of positions per weight bucket — (%) = combined portfolio weight

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Portfolio Overlap

Shared: 49Unique: 0vs 20 funds

0.7%Low

Fund positions

7,299

Consensus CUSIPs

Jaccard similarity of this fund’s portfolio vs the consensus of top 20 funds by AUM. Low (<15%) = contrarian, Moderate (15-40%), High (>40%) = follows the crowd.

Most Similar Funds

Top 9 benchmark funds with highest portfolio overlap (Jaccard similarity)

BlackRock, Inc.

1.2%

MORGAN STANLEY

0.9%

STATE STREET CORP

1.4%

BANK OF AMERICA CORP /DE/

GEODE CAPITAL MANAGEMENT, LLC

1.3%

JPMORGAN CHASE & CO

VANGUARD PORTFOLIO MANAGEMENT LLC

1.6%

VANGUARD CAPITAL MANAGEMENT LLC

1.3%

FMR LLC

1.4%

Jaccard similarity per fund: shared CUSIPs / (fund A + fund B − shared). Higher values indicate more similar portfolios.

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Position Changes This Quarter

New0Increased12Decreased15Exited4

Increased

RYN10.9%

+5.1M(+90%)

MAT9.2%

+4.2M(+49%)

ESRT1.7%

+2.8M(+75%)

TRIP2.4%

+1.8M(+62%)

ACI6.2%

+1.3M(+20%)

FBIN4.1%

+975K(+83%)

FIS1.9%

+205K(+33%)

MICC1.2%

+189K(+13%)

CLW1.1%

+145K(+10%)

N1UA1.5%

+143K(+38%)

Decreased

ACMR1.5%

-897,281(-53%)

CNX7.6%

-721,713(-15%)

KHC4.4%

-539,403(-12%)

PYPL0.1%

-531,611(-96%)

MGM3.0%

-370,408(-18%)

FDX4.3%

-111,627(-31%)

BUWA2.2%

-64,826(-28%)

SN1.3%

-38,600(-13%)

REGN5.0%

-35,130(-21%)

SAM1.3%

-29,596(-20%)

Exited

-3,162,963

-317,175

-272,123

-181,735

Quarter-over-quarter changes compared to prior 13F filing. New = first appearance; Exited = no longer held.

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Holdings

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