10-year

Don't Miss This Only Promotion (20% off)

Join GuruFocus Premium Membership Now for Only $279/Year

Save up to $500 on Global Membership.

Don't Miss It !

Free 7-day Trial
All Articles and Columns »

Activist Mason Hawkins Reduces Oil & Gas, Aggregates and More

September 11, 2013 | About:
Sally Jones

Sally Jones

49 followers
The updated portfolio of low-key activist investor Mason Hawkins, chairman of Southeastern Asset Management, lists 36 stocks, one of them new, with a total value of $20.34 billion and a 3% quarter-over-quarter turnover. His portfolio is currently weighted with the top three sectors: financial services at 31.4%, communication services at 14.5% and energy at 13.7%.

Here are four of Mason Hawkins’s recent reductions made since June 30, 2013. Catch Guru Hawkins’s second quarter portfolio changes here.

Quicksilver Resources Inc. (KWK): Reduced

Impacts Portfolio: -0.12%

Current Shares: 9,470,612

Down 55% over 12 months, Quicksilver Resources Inc. has a market cap of $319.5 million; its shares were traded at around $1.77.

Quicksilver Resources Inc. is a Fort Worth, Texas-based independent oil and gas company engaged primarily in the acquisition, exploration, development, exploitation and production of natural gas, NGLs and oil onshore in North America. It focuses primarily on unconventional reservoirs where hydrocarbons may be found in challenging geological conditions, such as fractured shale beds, coal beds and tight sands.

Guru Action: As of Sept. 10, 2013, Mason Hawkins reduced his position by 58.68%, with remaining shares at 9,470,612. He sold shares in an average price range of $1.76.

In his five-quarter trading history, he has averaged a loss of 80% on 24,845,000 shares bought at an average price of $8.96 per share. On shares sold, he averaged a loss of 23% on 1,926,308 shares sold at an average price of $2.33 per share.

Track historical pricing, revenue and net income:

1378859065743.png

FedEx Corporation (FDX): Reduced

Impacts Portfolio: -0.39%

Current Shares: 15,807,606

Up 24% over 12 months, FedEx Corporation has a market cap of $34.84 billion; its shares were traded at around $110.59 with a P/B ratio of 2.00.

FedEx Corporation provides transportation, e-commerce and business services. It operates in four business segments: FedEx Express, FedEx Ground, FedEx Freight and FedEx Services.

Guru Action: As of Aug. 9, 2013, Mason Hawkins reduced his position by 4.76%, with remaining shares at 15,807,606. He sold shares in an average price range of $109.08.

In his trading history, he has averaged a gain of 31% on 12,422,848 shares bought at an average price of $84.08 per share. On shares sold, he averaged a gain of 69% on 9,085,735 shares sold at an average price of $65.17 per share.

Track historical pricing, revenue and net income:

1378859276751.png

Chesapeake Energy Corp. (CHK): Reduced

Impacts Portfolio: -0.01%

Current Shares: 89,300,830

Up 31% over 12 months, Chesapeake Energy Corp. has a market cap of $17.53 billion; its shares were traded at around $26.34 with a P/B ratio of 1.40.

Incorporated on 1989, Chesapeake Energy Corp. is a natural gas and oil exploration and production company engaged in the exploration, development and acquisition of properties for the production of natural gas and crude oil from underground reservoirs. It also provides marketing and midstream services.

Guru Action: As of Aug. 1, 2013, Mason Hawkins reduced his position by 0.14%, with remaining shares at 89,300,830. He sold shares in an average price range of $24.95.

In his trading history, he has averaged gain of 10% on 61,766,577 shares bought at an average price of $23.68 per share. On shares sold, he averaged a gain of 7% on 11,260,095 shares sold at an average price of $24.22 per share.

Track historical pricing, revenue and net income:

1378859538654.png

Texas Industries Inc. (TXI): Reduced

Impacts Portfolio: -0.03%

Current Shares: 8,073,457

Up 55% over 12 months, Texas Industries Inc. has a market cap of $1.84 billion; its shares were traded at around $64.49 with a P/B ratio of 2.40.

Incorporated in 1951, Texas Industries Inc. is a supplier of heavy construction materials in the United States through its three business segments: cement, aggregates and consumer products.

Guru Action: As of July 22, 2013, Mason Hawkins reduced his position by 1.47%, with remaining shares at 9,073,457. He sold shares in an average price range of $64.98.

In his trading history, he has averaged a gain of 79% on 5,624,957 shares bought at an average price of $36.02 per share. On shares sold, he averaged a gain of 109% on 732,900 shares sold at an average price of $30.81 per share.

Track historical pricing, revenue and net income:

1378859821549.png

Read about Mason Hawkins’s trading of Saks Incorporated (SKS) as Hudson’s Bay acquires it.

Mason Hawkins has been chairman and CEO of Southeastern Asset Management since 1975. He and his partners manage the Longleaf Partners Funds.



Study the rest of Mason Hawkins’s trade histories and one new buy.

Use the GuruFocus Value Screen to find 52-Week Lows and discover potentially deep value stocks held by billionaire investors.

GuruFocus Real Time Picks reports the stock purchases and sales that Gurus have made within the prior 2 weeks. The report time lag can be as short as 2 days after the date of the transaction. This feature is for Premium Members only.

If you are not a Premium Member, we invite you for a 7-day Free Trial.

About the author:

Sally Jones
Sally Jones writes about Real Time Picks. She says, "I truly enjoy watching the Gurus in realtime and telling their story."

Rating: 1.8/5 (8 votes)

Comments

Please leave your comment:


Get WordPress Plugins for easy affiliate links on Stock Tickers and Guru Names | Earn affiliate commissions by embedding GuruFocus Charts
GuruFocus Affiliate Program: Earn up to $400 per referral. ( Learn More)
Free 7-day Trial
FEEDBACK