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Mason Hawkins Unloads Sun Microsystems in the Oracle Deal, Still Holding on Symantec and Dell

April 23, 2009 | About:

Investment Guru Mason Hawkins, Chairman and Chief Executive Officer Southeastern Asset Managementt, and Fund Manager of Longleaf Partners Funds, has unloaded almost his entire position in Sun Microsystems Inc. (JAVA). The following is the Mason Hawkins’ trading data on the stock:

According to GuruFocus Data, as close as of January 28, 2008, Mason Hawkins controlled 166 million shares or 22.3% Sun Microsystems. Then on April 20, 2009, he sold all but 111 thousand shares at the price of $9.15 per share.

On April 20, 2009, Oracle Corp. stuck a deal to buy Sun Microsystems for $7.38 billion. After factoring in the Sun’s cash and debt, the deal gives the Sun’s shareholders $5.6 billions or $9.50 per share. On April 20, 2009, 780 million shares of Sun Microsystems shares changed hands, compared to the company’s total shares outstanding of 839 million.

Ticker Date (?) Price Range
(Average)*
(?)
Change from Average Current Shares
JAVA 2009-04-20 $9.15 1% 111,000
JAVA 2009-01-28 $4.86 90% 166,048,623
JAVA 2008-09-30 $7.64 - $10.86
($9.5)
-3% 153,646,828
JAVA 2008-10-21 $4.97 85% 160,566,828
JAVA 2008-06-30 $10.96 - $16
($13.3)
-31% 95,993,796
JAVA 2008-08-08 $10.51 -12% 129,181,029
JAVA 2008-06-09 $14.2 -35% 78,415,303
JAVA 2008-06-09 $14.2 -35% 78,415,303
JAVA 2008-03-31 $15.29 - $17.49
($16.4)
-44% 54,925,625
JAVA 2007-12-31 $18.21 - $24.92
($21)
-56% 35,628,471
JAVA 2007-09-30 $18.72 - $22.92
($20.8)
-56% 30,952,422


Data shows Mason Hawkins started to hold Sun Microsystems from 3Q07 when he initiated a position in the company with 31 million shares. Especially, on October 21, 2008 he added a heavy of 65 million shares at $4.86 per share. He accumulated his position since and reached a peak of 166 million shares as of January 28, 2009. The Oracle deal provided a convenient exit for Mason Hawkins.

According to GuruFocus Data, Mason Hawkins also held other technology stocks such as Symantec Corp. and Dell Inc.. His position in Dell is 146 million shares and about 8.67% of his equity portfolio, more than twice of his betting in Sun Microsystems. His Symantec Corp. is about 37 million shares and about 2.88% of his portfolio.

Ticker Shares Value ($1000) Weighting as of
4Q08
Change in 4Q08
SYMC 36,856,979 498,306 2.88% +9.77%
DELL 146,600,284 1,501,190 8.67% -0.46%
JAVA 155,102,393 592,765 3.42% +0.95%


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