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Longleaf Funds Buys Campbell Soup Company, Loews Corp., Verizon Communications, Sells Marriott International, IngersollRand Company, Discovery Communications

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Longleaf Funds’s Mason Hawkins just reported his second quarter portfolio holdings. These are the details of the buys and sells.

Mason Hawkins thinks that the market is undervalued. The price to value ratio of his funds are at lows. Therefore he did a lot more buying than selling in the second quarter. Longleaf funds run relatively concentrated portfolio.

Longleaf Funds had a forgettable year in 2008. The fund lost more than 50%, then gained more than 50% in 2009. The fund’s long term performance is still outstanding.

According to the most recent filings of his investment company, Southeastern Asset Management, Mason Hawkins owns 40 stocks with a total value of $19.8 billion. These are the details of the buys and sells.

For the details of Mason Hawkins's stock buys and sells, go to http://www.gurufocus.com/StockBuy.php?GuruName=Mason+Hawkins

This is the sector weightings of his portfolio:

Consumer Services 35.4%
Oil & Gas 14.7%
Industrials 11.8%
Technology 10.6%
Financials 10.5%
Telecommunications 8.3%
Consumer Goods 3.5%
Basic Materials 0.9%


These are the top 5 holdings of Mason Hawkins

  1. DIRECTV Group Inc. The (DTV) - 64,017,245 shares, 10.99% of the total portfolio. Shares reduced by 15.85%
  2. Yum! Brands Inc. (YUM) - 48,757,668 shares, 9.64% of the total portfolio. Shares reduced by 4.25%
  3. Dell Inc. (DELL) - 142,215,599 shares, 8.68% of the total portfolio. Shares added by 2.47%
  4. Chesapeake Energy Corp. (CHK) - 80,812,905 shares, 8.57% of the total portfolio. Shares added by 1.01%
  5. The Walt Disney Company Disney (DIS) - 47,231,751 shares, 7.53% of the total portfolio. Shares reduced by 13.79%


Added: Bank Of NY Mellon Cp (BK)

Mason Hawkins added to his holdings in Bank Of Ny Mellon Cp by 88.99%. His purchase prices were between $25.11 and $32.54, with an estimated average price of $29.03. The impact to his portfolio due to this purchase was 1.73%. His holdings were 29,369,123 shares as of 06/30/2010.

Bank of New York is a bank holding company and one of the world's larger financial institutions. Bank Of Ny Mellon Cp has a market cap of $30.08 billion; its shares were traded at around $24.79 with a P/E ratio of 10.46 and P/S ratio of 2.2. The dividend yield of Bank Of Ny Mellon Cp stocks is 1.45%.

Added: Aon (AON)

Mason Hawkins added to his holdings in Aon by 23.21%. His purchase prices were between $37.72 and $44.26, with an estimated average price of $41.04. The impact to his portfolio due to this purchase was 0.77%. His holdings were 21,833,526 shares as of 06/30/2010.

Aon Corporation is a holding company whose operating subsidiaries carry onbusiness in three distinct segments: insurance brokerage and other services; consulting; and insurance underwriting. Aon has a market cap of $9.94 billion; its shares were traded at around $37.17 with a P/E ratio of 11.39 and P/S ratio of 1.31. The dividend yield of Aon stocks is 1.63%. Aon had an annual average earning growth of 2.7% over the past 10 years.

Added: Service Corp. International (SCI)

Mason Hawkins added to his holdings in Service Corp. International by 100.37%. His purchase prices were between $7.52 and $9.62, with an estimated average price of $8.74. The impact to his portfolio due to this purchase was 0.56%. His holdings were 29,550,900 shares as of 06/30/2010.

Service Corp. is the largest provider of funeral and cemetery services in the world. Service Corp. International has a market cap of $2.07 billion; its shares were traded at around $8.15 with a P/E ratio of 14.8 and P/S ratio of 1.01. The dividend yield of Service Corp. International stocks is 1.97%. Service Corp. International had an annual average earning growth of 4.1% over the past 10 years.

Added: TWTelecom Inc. (TWTC)

Mason Hawkins added to his holdings in Tw Telecom Inc. by 13.32%. His purchase prices were between $16.05 and $18.63, with an estimated average price of $17.56. The impact to his portfolio due to this purchase was 0.28%. His holdings were 28,281,435 shares as of 06/30/2010.

TW TELECOM INC., headquartered in Littleton, Colo., provides managed network services, specializing in Ethernet and transport data networking, Internet access, local and long distance voice, VoIP, VPN and security, to enterprise organizations and communications services companies throughout the U. Tw Telecom Inc. has a market cap of $2.66 billion; its shares were traded at around $17.69 with a P/E ratio of 58.97 and P/S ratio of 2.19. Tw Telecom Inc. had an annual average earning growth of 7.3% over the past 10 years. GuruFocus rated Tw Telecom Inc. the business predictability rank of 2.5-star.

Added: Dell Inc. (DELL)

Mason Hawkins added to his holdings in Dell Inc. by 2.47%. His purchase prices were between $12.27 and $17.5, with an estimated average price of $14.79. The impact to his portfolio due to this purchase was 0.21%. His holdings were 142,215,599 shares as of 06/30/2010.

Dell Inc. is a premier provider of products and services required for customers worldwide to build their information-technology and Internet infrastructures. Dell Inc. has a market cap of $23.52 billion; its shares were traded at around $12.01 with a P/E ratio of 11.44 and P/S ratio of 0.44. Dell Inc. had an annual average earning growth of 4.1% over the past 10 years.

Added: Markel Corp. (MKL)

Mason Hawkins added to his holdings in Markel Corp. by 10.87%. His purchase prices were between $336.12 and $386.4, with an estimated average price of $359.27. The impact to his portfolio due to this purchase was 0.13%. His holdings were 788,877 shares as of 06/30/2010.

Markel Corporation markets and underwrites specialty insurance products andprograms to a variety of niche markets. Markel Corp. has a market cap of $3.18 billion; its shares were traded at around $331 with a P/E ratio of 13.34 and P/S ratio of 1.54.

Added: Level 3 Communications Inc. (LVLT)

Mason Hawkins added to his holdings in Level 3 Communications Inc. by 4.86%. His purchase prices were between $1.11 and $1.72, with an estimated average price of $1.37. The impact to his portfolio due to this purchase was 0.12%. His holdings were 484,231,646 shares as of 06/30/2010.

Level 3 Communications is an international communications and information services company. Level 3 Communications Inc. has a market cap of $1.86 billion; its shares were traded at around $1.12 with and P/S ratio of 0.49.

New Purchase: Campbell Soup Company (CPB)

Mason Hawkins initiated holdings in Campbell Soup Company. His purchase prices were between $34.88 and $37.49, with an estimated average price of $35.91. The impact to his portfolio due to this purchase was 2%. His holdings were 10,999,500 shares as of 06/30/2010.

Campbell Soup Company, together with its consolidated subsidiaries, is a global manufacturer and marketer of high quality, branded convenience food products. Campbell Soup Company has a market cap of $12.29 billion; its shares were traded at around $36.08 with a P/E ratio of 14.89 and P/S ratio of 1.62. The dividend yield of Campbell Soup Company stocks is 3.04%. Campbell Soup Company had an annual average earning growth of 1.2% over the past 10 years.

New Purchase: Loews Corp. (L)

Mason Hawkins initiated holdings in Loews Corp.. His purchase prices were between $31.12 and $38.81, with an estimated average price of $34.88. The impact to his portfolio due to this purchase was 1.18%. His holdings were 7,011,979 shares as of 06/30/2010.

Loews Corporation is a holding company. Its subsidiaries are engaged in thefollowing lines of business: property, casualty and life insurance; the production and sale of cigarettes; the operation of hotels; the operation of offshore oil and gas drilling rigs; and the distribution and sale of watches and clocks. Loews Corp. has a market cap of $15.51 billion; its shares were traded at around $36.9 with a P/E ratio of 9.62 and P/S ratio of 1.1. The dividend yield of Loews Corp. stocks is 0.67%. Loews Corp. had an annual average earning growth of 11% over the past 5 years.

New Purchase: Martin Marietta Materials Inc. (MLM)

Mason Hawkins initiated holdings in Martin Marietta Materials Inc.. His purchase prices were between $85.4 and $99.81, with an estimated average price of $91.22. The impact to his portfolio due to this purchase was 1.13%. His holdings were 2,628,617 shares as of 06/30/2010.

Martin Marietta Materials producer of aggregates for the construction industry, including highways, infrastructure, commercial and residential. Martin Marietta Materials Inc. has a market cap of $3.53 billion; its shares were traded at around $78.07 with a P/E ratio of 43.21 and P/S ratio of 2.07. The dividend yield of Martin Marietta Materials Inc. stocks is 2.06%. Martin Marietta Materials Inc. had an annual average earning growth of 7.7% over the past 10 years.

New Purchase: Vodafone Group Plc (VOD)

Mason Hawkins initiated holdings in Vodafone Group Plc. His purchase prices were between $18.68 and $23.69, with an estimated average price of $21.29. The impact to his portfolio due to this purchase was 0.78%. His holdings were 7,475,714 shares as of 06/30/2010.

Vodafone AirTouch Plc is the world's largest international mobile communications firm. Vodafone Group Plc has a market cap of $125.98 billion; its shares were traded at around $23.95 with and P/S ratio of 1.77. The dividend yield of Vodafone Group Plc stocks is 5.3%.

New Purchase: Verizon Communications Inc. (VZ)

Mason Hawkins initiated holdings in Verizon Communications Inc.. His purchase prices were between $26.93 and $31.46, with an estimated average price of $28.79. The impact to his portfolio due to this purchase was 0.59%. His holdings were 4,362,000 shares as of 06/30/2010.

Verizon Communications, formed by the merger of Bell Atlantic and GTE, is one of the world's providers of high-growth communications services. Verizon Communications Inc. has a market cap of $84.89 billion; its shares were traded at around $30.32 with a P/E ratio of 13.17 and P/S ratio of 0.79. The dividend yield of Verizon Communications Inc. stocks is 6.33%. Verizon Communications Inc. had an annual average earning growth of 2.3% over the past 10 years.

New Purchase: Shanda Interactive Entertainment Ltd. (SNDA)

Mason Hawkins initiated holdings in Shanda Interactive Entertainment Ltd.. His purchase prices were between $39.11 and $45.96, with an estimated average price of $42.88. The impact to his portfolio due to this purchase was 0.19%. His holdings were 968,000 shares as of 06/30/2010.

Shanda Interactive Entertainment Limited is a interactive entertainment media company in China. Shanda Interactive Entertainment Ltd. has a market cap of $2.89 billion; its shares were traded at around $42.93 with a P/E ratio of 14.03 and P/S ratio of 3.76. Shanda Interactive Entertainment Ltd. had an annual average earning growth of 11.8% over the past 5 years.

New Purchase: Shanda Games Ltd. (GAME)

Mason Hawkins initiated holdings in Shanda Games Ltd.. His purchase prices were between $5 and $7.52, with an estimated average price of $6.24. The impact to his portfolio due to this purchase was 0.18%. His holdings were 6,023,000 shares as of 06/30/2010.

Shanda Games Limited is a holding company. The company through its subsidiaries engages in the development and operation of online games. Shanda Games Ltd. has a market cap of $1.91 billion; its shares were traded at around $6.63 with a P/E ratio of 8.61 and P/S ratio of 2.71.

Reduced: Diageo Plc (DEO)

Mason Hawkins reduced to his holdings in Diageo Plc by 31.93%. His sale prices were between $59.22 and $71.59, with an estimated average price of $65.67. The impact to his portfolio due to this sale was -0.03%. Mason Hawkins still held 250,522 shares as of 06/30/2010.

Diageo is an multinational branded food and drinks company. Diageo Plc has a market cap of $43.28 billion; its shares were traded at around $69.15 with and P/S ratio of 2.88. The dividend yield of Diageo Plc stocks is 3.37%.

Reduced: Koninklijke Philips Electronics N.v. N Y (PHG)

Mason Hawkins reduced to his holdings in Koninklijke Philips Electronics N.v. N Y by 68.44%. His sale prices were between $28.09 and $35.9, with an estimated average price of $31.71. The impact to his portfolio due to this sale was -0.86%. Mason Hawkins still held 8,356,930 shares as of 06/30/2010.

Koninklijke Philips Electronics N.V. is the parent company of Philips, a widely diversified multinational group of electronic and electrical products, systems and equipment, as well as information technology services. Koninklijke Philips Electronics N.v. N Y has a market cap of $26.54 billion; its shares were traded at around $29.42 with a P/E ratio of 21.85 and P/S ratio of 0.82.

Sold Out: Ingersollrand Company Ltd. (IR)

Mason Hawkins sold out his holdings in Ingersollrand Company Ltd.. His sale prices were between $35.24 and $40.01, with an estimated average price of $37.49.

Ingersoll Rand Company is one of the providers of security and safety, climate control, industrial productivity and infrastructure products. Ingersollrand Company Ltd. has a market cap of $11.36 billion; its shares were traded at around $35.26 with a P/E ratio of 16.49 and P/S ratio of 0.86. The dividend yield of Ingersollrand Company Ltd. stocks is 0.79%.

Sold Out: Berkshire Hathaway Inc. (BRK.A)

Mason Hawkins sold out his holdings in Berkshire Hathaway Inc.. His sale prices were between $104950 and $122420, with an estimated average price of $115046.

Berkshire Hathaway Inc. is a holding company owning subsidiaries engaged in a number of diverse business activities. Berkshire Hathaway Inc. has a market cap of $190.28 billion; its shares were traded at around $115531 with a P/E ratio of 22.1 and P/S ratio of 2.1. Berkshire Hathaway Inc. had an annual average earning growth of 13.2% over the past 10 years.

Sold Out: Discovery Communications, Inc - Series C Common St (DISCK)

Mason Hawkins sold out his holdings in Discovery Communications, Inc - Series C Common St. His sale prices were between $29.32 and $33.64, with an estimated average price of $31.39.

Discovery Communications is the world's number one nonfiction media company reaching more than 1. Discovery Communications, Inc - Series C Common St has a market cap of $4.65 billion; its shares were traded at around $32.82 with a P/E ratio of 24.86 and P/S ratio of 1.32.

Sold Out: Marriott International Inc. (MAR)

Mason Hawkins sold out his holdings in Marriott International Inc.. His sale prices were between $30.64 and $37.68, with an estimated average price of $34.1.

Marriott International, Inc. operates and franchises hotels under the Marriott, JW Marriott, The Ritz-Carlton, Renaissance, Residence Inn, Courtyard, TownePlace Suites, Fairfield Inn, SpringHill Suites and Ramada International brand names; develops and operates vacation ownership resorts under the Marriott Vacation Club International, Horizons, The Ritz-Carlton Club and Marriott Grand Residence Club brands; operates Marriott Executive Apartments; provides furnished corporate housing through its Marriott ExecuStay division; and operates conference centers. Marriott International Inc. has a market cap of $12.1 billion; its shares were traded at around $33.61 with a P/E ratio of 33.5 and P/S ratio of 1.11. The dividend yield of Marriott International Inc. stocks is 0.48%.


Rating: 2.5/5 (4 votes)

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