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Mason Hawkins Buys Aon Corp., The First American Corp., Diageo plc, Sells Del Monte Foods Company, Sun Microsystems, Inc., Walgreen Company

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The recent market run up has bring the price to value ration from their low points in the mid-high 30%s to the mid-40%s to 50%s, Mason Hawkins believes. He also thinks that a number of his holdings would benefit from a moderate inflationary environment. This is his Q2 portfolio update.

Mason Hawkins buys Aon Corp., The First American Corp., Diageo plc, sells Del Monte Foods Company, Sun Microsystems, Inc., Walgreen Company during the 3-months ended 06/30/2009, according to the most recent filings of his investment company, Southeastern Asset Management. Mason Hawkins owns 40 stocks with a total value of $19.3 billion. These are the details of the buys and sells.

New Purchases: AOC, DEO, FAF,

Added Positions: BRK-A, CHK, DIS, DISCK, DTV, FDX, FFH, MKL, PHG, WEN,

Reduced Positions: DISCA, EBAY, LMDIA, TDS-S,

Sold Out: DLM, JAVA, WAG,

For the details of Mason Hawkins's stock buys and sells, go to the Link Here

This is the sector weightings of Mason Hawkins's portfolio:

Technology 14.5% 14.5%
Financials 13.6% 13.6%
Telecommunications 6.6% 6.6%
Consumer Services 37.5% 37.5%
Consumer Goods 3.4% 3.4%
Industrials 12.5% 12.5%
Basic Materials 0.8% 0.8%
Oil & Gas 11% 11%


These are the top 5 holdings of Mason Hawkins

  1. Dell Inc. (DELL) - 167,797,076 shares, 11.94% of the total portfolio
  2. LIBERTY MEDIA CORPORATION - SERIES A LIBERTY ENTER (LMDIA) - 60,463,990 shares, 8.36% of the total portfolio
  3. Chesapeake Energy Corp. (CHK) - 74,230,392 shares, 7.63% of the total portfolio
  4. DIRECTV Group Inc. The (DTV) - 58,799,101 shares, 7.53% of the total portfolio
  5. The Walt Disney Company Disney (DIS) - 53,308,451 shares, 6.44% of the total portfolio


Added: DIRECTV Group Inc. The (DTV)

Mason Hawkins added to his holdings in DIRECTV Group Inc. The by 114.31%. His purchase prices were between $21.81 and $24.98, with an estimated average price of $23.9. The impact to his portfolio due to this purchase was 4.02%. His holdings were 58,799,101 shares as of 06/30/2009.

The DIRECTV Group Inc. is a world-leading provider of digital multichannel television entertainment broadband satellite networks and services and global video and data broadcasting. DIRECTV Group Inc. The has a market cap of $25.01 billion; its shares were traded at around $24.81 with a P/E ratio of 20 and P/S ratio of 1.2. DIRECTV Group Inc. The had an annual average earning growth of 12.7% over the past 10 years.

Added: The Walt Disney Company Disney (DIS)

Mason Hawkins added to his holdings in The Walt Disney Company Disney by 12.18%. His purchase prices were between $19.88 and $25.46, with an estimated average price of $23. The impact to his portfolio due to this purchase was 0.7%. His holdings were 53,308,451 shares as of 06/30/2009.

Walt Disney Company owns 100% of Disney Enterprises Inc. whichtogether with its subsidiaries is a diversified worldwide entertainmentcompany with operations in five business segments: Media Networks StudioEntertainment Theme Parks and Resorts Consumer Products and Internet andDirect Marketing. The Walt Disney Company Disney has a market cap of $48.76 billion; its shares were traded at around $26.26 with a P/E ratio of 14.7 and P/S ratio of 1.3. The dividend yield of The Walt Disney Company Disney stocks is 1.3%. The Walt Disney Company Disney had an annual average earning growth of 4.4% over the past 10 years.

Added: Koninklijke Philips Electronics N.V. N Y (PHG)

Mason Hawkins added to his holdings in Koninklijke Philips Electronics N.V. N Y by 20.03%. His purchase prices were between $16.26 and $19.63, with an estimated average price of $18.4. The impact to his portfolio due to this purchase was 0.54%. His holdings were 33,926,786 shares as of 06/30/2009.

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 $21.56 billion; its shares were traded at around $23.31 with and P/S ratio of 0.6. The dividend yield of Koninklijke Philips Electronics N.V. N Y stocks is 3.3%. Koninklijke Philips Electronics N.V. N Y had an annual average earning growth of 16.4% over the past 5 years.

Added: DISCOVERY COMMUNICATIONS, INC - SERIES C COMMON ST (DISCK)

Mason Hawkins added to his holdings in DISCOVERY COMMUNICATIONS, INC - SERIES C COMMON ST by 61.22%. His purchase prices were between $16.27 and $21.22, with an estimated average price of $18.9. The impact to his portfolio due to this purchase was 0.34%. His holdings were 8,432,200 shares as of 06/30/2009.

Discovery Communications is the world's number one nonfiction media company reaching more than 1.5 billion cumulative subscribers in 170 countries. It empowers people to explore their world and satisfy their curiosity through 100-plus worldwide networks led by Discovery Channel TLC Animal Planet Science Channel Planet Green Investigation Discovery and HD Theater as well as leading consumer and educational products and services and a diversified portfolio of digital media services including HowStuffWorks.com. DISCOVERY COMMUNICATIONS, INC - SERIES C COMMON ST has a market cap of $3.22 billion; its shares were traded at around $22.93 with and P/S ratio of 1.

Added: Berkshire Hathaway Inc. (BRK-A)

Mason Hawkins added to his holdings in Berkshire Hathaway Inc. by 9.75%. His purchase prices were between $86210 and $95295, with an estimated average price of $90191.7. The impact to his portfolio due to this purchase was 0.24%. His holdings were 5,797 shares as of 06/30/2009.

Berkshire Hathaway Inc. is a holding company owning subsidiaries engaged in a number of diverse business activities. The most important of these are insurance businesses conducted nationwide on a primary basis and worldwide on a reinsurance basis. Berkshire also owns and operates a number of other businesses engaged in a variety of activities as identified herein. Berkshire Hathaway Inc. has a market cap of $111.24 billion; its shares were traded at around $102150 with a P/E ratio of 62.8 and P/S ratio of 1. Berkshire Hathaway Inc. had an annual average earning growth of 27.1% over the past 10 years. GuruFocus rated Berkshire Hathaway Inc. the business predictability rank of 3.5-star.

Added: Fairfax Financial Holdings Ltd. (FFH)

Mason Hawkins added to his holdings in Fairfax Financial Holdings Ltd. by 5.6%. His purchase prices were between $248.25 and $280, with an estimated average price of $258.5. The impact to his portfolio due to this purchase was 0.23%. His holdings were 3,259,866 shares as of 06/30/2009.

Fairfax Financial Holdings Limited is a financial services holding company which through its subsidiaries is engaged in property casualty and life insurance and reinsurance investment management and insurance claims management. Fairfax Financial Holdings Ltd. has a market cap of $5.61 billion; its shares were traded at around $333.14 with a P/E ratio of 5.7 and P/S ratio of 0.7. The dividend yield of Fairfax Financial Holdings Ltd. stocks is 2.4%.

Added: FedEx Corp. (FDX)

Mason Hawkins added to his holdings in FedEx Corp. by 11.06%. His purchase prices were between $50.81 and $59.93, with an estimated average price of $54.5. The impact to his portfolio due to this purchase was 0.19%. His holdings were 6,781,544 shares as of 06/30/2009.

FedEx Corporation is a global transportation and logistics enterprise that offers customers a one-stop source for global shipping logistics and supply chain solutions. Services offered by FedEx companies include worldwide express delivery ground small-parcel delivery less-than-truckload freight delivery and global logistics supply chain management and electronic commerce solutions. FedEx Corp. has a market cap of $20.9 billion; its shares were traded at around $66.91 with a P/E ratio of 17.8 and P/S ratio of 0.6. The dividend yield of FedEx Corp. stocks is 0.7%. FedEx Corp. had an annual average earning growth of 17.7% over the past 10 years. GuruFocus rated FedEx Corp. the business predictability rank of 3.5-star.

Added: Chesapeake Energy Corp. (CHK)

Mason Hawkins added to his holdings in Chesapeake Energy Corp. by 2.48%. His purchase prices were between $19.56 and $23.75, with an estimated average price of $21.5. The impact to his portfolio due to this purchase was 0.18%. His holdings were 74,230,392 shares as of 06/30/2009.

Chesapeake Energy Corp. is an independent oil and gas company engaged in the development exploration acquisition and production of onshore natural gas and oil reserves. Chesapeake owns interests in producing oil and gas wells concentrated in three primary operating areas: the Mid-Continent region of Oklahoma western Arkansas southwestern Kansas and the Texas Panhandle; the Gulf Coast region consisting primarily of the Austin Chalk Trend in Texas and Louisiana and the Tuscaloosa Trend in Louisiana; and the Helmet area of northeastern British Columbia. Chesapeake Energy Corp. has a market cap of $15.28 billion; its shares were traded at around $24.4 with a P/E ratio of 9.1 and P/S ratio of 1.3. The dividend yield of Chesapeake Energy Corp. stocks is 1.2%. Chesapeake Energy Corp. had an annual average earning growth of 19.6% over the past 5 years.

Added: Wendy's International Inc. (WEN)

Mason Hawkins added to his holdings in Wendy's International Inc. by 55.54%. His purchase prices were between $3.63 and $5.7, with an estimated average price of $4.5. The impact to his portfolio due to this purchase was 0.18%. His holdings were 24,121,000 shares as of 06/30/2009.

WENDY'S/ARBY'S GROUP Inc. is the third largest quick-service restaurant company in the United States and is the franchisor of the Wendy's and Arby's restaurant systems. The combined restaurant systems include more than 10000 restaurants in 50 states and 21 countries worldwide. Wendy's International Inc. has a market cap of $2.56 billion; its shares were traded at around $5.46 with and P/S ratio of 1.4. The dividend yield of Wendy's International Inc. stocks is 1.1%.

Added: Markel Corp. (MKL)

Mason Hawkins added to his holdings in Markel Corp. by 32.32%. His purchase prices were between $270.15 and $316, with an estimated average price of $284.1. The impact to his portfolio due to this purchase was 0.14%. His holdings were 389,331 shares as of 06/30/2009.

Markel Corporation markets and underwrites specialty insurance products andprograms to a variety of niche markets. Markel Corp. has a market cap of $3.03 billion; its shares were traded at around $308.5 with a P/E ratio of 23.5 and P/S ratio of 1.5. Markel Corp. had an annual average earning growth of 31.4% over the past 5 years.

New Purchase: Aon Corp. (AOC)

Mason Hawkins initiated holdings in Aon Corp.. His purchase prices were between $35.51 and $41.04, with an estimated average price of $37.4. The impact to his portfolio due to this purchase was 2.57%. His holdings were 13,073,716 shares as of 06/30/2009.

Aon Corporation is a holding company whose operating subsidiaries carry onbusiness in three distinct segments: insurance brokerage and other services; consulting; and insurance underwriting. The Insurance Brokerage and Other Services segment consists of its retail and reinsurance brokerage operations. The Consulting segment provides consulting services including employee benefits human resources and change management. Its Insurance Underwriting segment sells life and accident and health insurance extended warranty specialty and other insurance products. Aon Corp. has a market cap of $11.5 billion; its shares were traded at around $41.54 with a P/E ratio of 13.7 and P/S ratio of 1.5. The dividend yield of Aon Corp. stocks is 1.5%. Aon Corp. had an annual average earning growth of 2.6% over the past 10 years.

New Purchase: The First American Corp. (FAF)

Mason Hawkins initiated holdings in The First American Corp.. His purchase prices were between $22.62 and $28.39, with an estimated average price of $25.5. The impact to his portfolio due to this purchase was 0.42%. His holdings were 3,160,000 shares as of 06/30/2009.

The First American Corp. is the nation's leading provider of business information and related products and services. The company's three business segments include: title insurance and services; real estate information and services which includes mortgage information services and database information and services; and consumer information and services which provides warranties; property insurance; property and automotive insurance tracking services; resident screening; pre-employment screening; investment advisory; and trust and banking services. (PRESS RELEASE) The First American Corp. has a market cap of $2.95 billion; its shares were traded at around $31.6 with a P/E ratio of 19.8 and P/S ratio of 0.5. The dividend yield of The First American Corp. stocks is 2.7%. The First American Corp. had an annual average earning growth of 8.3% over the past 10 years.

New Purchase: Diageo plc (DEO)

Mason Hawkins initiated holdings in Diageo plc. His purchase prices were between $45.54 and $58.3, with an estimated average price of $52.4. The impact to his portfolio due to this purchase was 0.11%. His holdings were 368,013 shares as of 06/30/2009.

Diageo is an multinational branded food and drinks company. Diageo has an outstanding portfolio of world-famous food and drinks brands include Smirnoff Johnnie Walker J&B Gordon's Malibu Baileys Guinness and Tanqueray. Diageo plc has a market cap of $38.58 billion; its shares were traded at around $61.74 with and P/S ratio of 2.4. The dividend yield of Diageo plc stocks is 3.7%. Diageo plc had an annual average earning growth of 12.1% over the past 10 years.

Reduced: eBay Inc. (EBAY)

Mason Hawkins reduced to his holdings in eBay Inc. by 99.98%. His sale prices were between $14.39 and $17.84, with an estimated average price of $16.9. The impact to his portfolio due to this sale was less than 0.01%. Mason Hawkins still held 12,000 shares as of 06/30/2009.

eBay is one of the world's largest online trading communities. eBay creates a powerful marketplace for the sale of goods and services by a passionate community of individuals and small businesses. eBay enables trade on a local national and international basis with local sites in numerous markets in the United States and country-specific sites in the United Kingdom Canada Germany Austria France Italy Japan Korea and Australia. (Company Press Release) eBay Inc. has a market cap of $28.51 billion; its shares were traded at around $22.16 with a P/E ratio of 16.3 and P/S ratio of 3.3. eBay Inc. had an annual average earning growth of 29% over the past 5 years.

Reduced: DISCOVERY COMMUNICATIONS, INC (DISCA)

Mason Hawkins reduced to his holdings in DISCOVERY COMMUNICATIONS, INC by 89.19%. His sale prices were between $17.95 and $23.02, with an estimated average price of $20.4. The impact to his portfolio due to this sale was -0.06%. Mason Hawkins still held 570,614 shares as of 06/30/2009.

DISCOVERY COMMUNICATIONS INC. formerly Discovery Holding Company is a holding company that conducts operations through its two wholly owned operating subsidiaries Ascent Media Group LLC and Ascent Media CANS LLC and throught its 66.66% owned equity affiliate Discovery Communications Holding LLC. Ascent Media provides creative media management and network services to the media and entertainment industries. Its client base includes motion picture studios independent producers broadcast networks cable programming networks advertising agencies media producers independent owners of television and film libraries and media distribution channels. Discovery is a global media and entertainment company that offers original and purchased programming in the United States and over 170 other countries with over 100 television networks. DISCOVERY COMMUNICATIONS, INC has a market cap of $6.97 billion; its shares were traded at around $24.78 with a P/E ratio of 19.9 and P/S ratio of 2.1.

Reduced: LIBERTY MEDIA CORPORATION - SERIES A LIBERTY ENTER (LMDIA)

Mason Hawkins reduced to his holdings in LIBERTY MEDIA CORPORATION - SERIES A LIBERTY ENTER by 35.74%. His sale prices were between $22.11 and $26.34, with an estimated average price of $24.4. The impact to his portfolio due to this sale was -2.99%. Mason Hawkins still held 60,463,990 shares as of 06/30/2009.

Liberty Media Corporation is a holding company which through its subsidiaries owns interests in a broad range of electronic retailing media communications and entertainment businesses. Those interests are attributed to three tracking stock groups: (1) the Liberty Interactive group which includes Liberty's interests in QVC Provide Commerce Backcountry.com BUYSEASONS Bodybuilding.com IAC/InterActiveCorp and Expedia (2) the Liberty Entertainment group which includes Liberty's interests in The DIRECTV Group Inc. Starz Entertainment FUN Technologies Inc. GSN LLC WildBlue Communications Inc. and Liberty Sports Holdings LLC and (3) the Liberty Capital group which includes all businesses assets and liabilities not attributed to the Interactive group or the Entertainment group including its subsidiaries Starz Media LLC Atlanta National League Baseball Club Inc. and TruePosition Inc. and minority equity investments in Time Warner Inc. and Sprint Nextel Co LIBERTY MEDIA CORPORATION - SERIES A LIBERTY ENTER has a market cap of $13.83 billion; its shares were traded at around $27.97 .

Sold Out: Sun Microsystems, Inc. (JAVA)

Mason Hawkins sold out his holdings in Sun Microsystems, Inc.. His sale prices were between $6.68 and $9.3, with an estimated average price of $8.7. The impact to his portfolio due to this sale was less than 0.01%.

Sun Microsystems Inc. is one of the leading worldwide providers of products services and support solutions for building and maintaining network computing environments. The company sells scalable computer and storage systems high-speed microprocessors and a complete line of high performance software for operating network computing equipment. The company also provides a full range of services including support education and professional services. Sun Microsystems, Inc. has a market cap of $6.9 billion; its shares were traded at around $9.18 with and P/S ratio of 0.5.

Sold Out: Del Monte Foods Company (DLM)

Mason Hawkins sold out his holdings in Del Monte Foods Company. His sale prices were between $7.37 and $9.19, with an estimated average price of $8.1. The impact to his portfolio due to this sale was less than 0.01%.

Del Monte Foods manufactures and distributes premium quality nutritiousfood products under Del Monte Contadina and other brand names. Theyoperate in one industry segment: processed foods. They are the largestproducer and distributor of canned vegetables and canned fruit in the United States. Their primary domestic channel of distribution is retailoutlets selling their products primarily through national grocery chainsand independent grocery stores nationwide. They also sell products through warehouse club stores and mass merchandisers. Del Monte Foods Company has a market cap of $2.04 billion; its shares were traded at around $10.3 with a P/E ratio of 13.7 and P/S ratio of 0.6. The dividend yield of Del Monte Foods Company stocks is 1.9%.

Sold Out: Walgreen Company (WAG)

Mason Hawkins sold out his holdings in Walgreen Company. His sale prices were between $28.87 and $31.43, with an estimated average price of $30.3. The impact to his portfolio due to this sale was less than 0.01%.

Walgreen Co. is a national retail pharmacy chain and considered the leader in innovative drugstore retailing. Walgreens pioneered many store features that are becoming standards in the industry. Among those concepts are: Computerized pharmacies Point-of-sale scanning Freestanding stores with drive-thru pharmacies and Intercom Plus Walgreens advanced new pharmacy computer and workflow system. Intercom Plus allows pharmacists to spend more time counseling patients by assigning administrative tasks to pharmacy technicians Walgreen Company has a market cap of $31.61 billion; its shares were traded at around $31.85 with a P/E ratio of 15.7 and P/S ratio of 0.5. The dividend yield of Walgreen Company stocks is 1.5%. Walgreen Company had an annual average earning growth of 15.1% over the past 10 years. GuruFocus rated Walgreen Company the business predictability rank of 5-star.

Reduced: TEL AND DATA SYS (TDS-S)

Mason Hawkins reduced to his holdings in TEL AND DATA SYS by 4.83%. The impact to his portfolio due to this sale was 1.9%. Mason Hawkins still held 12,345,485 shares as of 06/30/2009.

Telephone & Data Systems is a diversified telecommunications corporation. Through its strategic business units U.S. Cellular and TDS Telecom TDS operates primarily by providing cellular and local telephone service. TDS builds value for its shareholders by providing excellent communications services in growing closely related segments of the telecommunications industry. TEL AND DATA SYS has a market cap of $1.3 billion; its shares were traded at around $56.8 with a P/E ratio of 13.74 and P/S ratio of 0.25. The dividend yield of TEL AND DATA SYS stocks is 1.78%.


Rating: 3.0/5 (6 votes)

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