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Sally Jones
Sally Jones
Articles (580) 

Mega Positions of Bidder Mason Hawkins – DELL Shareholders Vote on $24.4 Billion Buyout

July 18, 2013 | About:

On the eve of the Dell (DELL) shareholder’s voting results, let’s take a look at the current mega position holdings of low-key activist investor, Mason Hawkins, a bidder in the Dell takeover.

As of June 10, 2013, the updated portfolio of Mason Hawkins, Chairman of Southeastern Asset Management, lists 37 stocks, none of them new, with a total value of $22.24 billion and a 4% quarter-over-quarter turnover.

Hawkins owns large chunks of the following:

Dell Inc. (DELL)

Weighting: 7.8%Shares Owned: 121,392,858Current Share Price: $12.88[/b]

Tonight Dell shareholders are voting on the $24.4 billion Dell buyout that will impact bids from top two Guru shareholders Mason Hawkins and Carl Icahn, according to the Associated Press. The outcome will be reported tomorrow, shedding new light on the future of Mason Hawkins’ top two holding.

Since the second quarter of 2008, Mason Hawkins has had only six quarters showing gains with Dell.

Founded in 1984, Dell Inc. has a market cap of $22.84 billion; its shares trade at around $12.88 with a P/E ratio of 12.30 and P/S ratio of 0.40. The dividend yield of Dell Inc. stocks is 2.50%. Dell Inc. has had an annual average earnings growth of 5.4% over the past 10 years. GuruFocus rated Dell Inc. the business predictability rank of 3-star.

Dell’s top Guru shareholder is Carl Icahn who bought 72,010,328 shares of Dell stock on June 18, 2013, at the average price of 13.52; Icahn owns 152,478,650 shares after the trade. The price of the stock has decreased by 4.73% since his last buy. Guru Icahn has been very vocal about Dell’s board and how he wants to reinvigorate the company.

Historical pricing:


Chesapeake Energy Corp (NYSE:CHK)

Weighting: 8.2%

Shares Owned: 89,428,818

Current Share Price: $21.75

GuruFocus research shows a long relationship between Mason Hawkins and his top holding, Ches­apeake Energy Corp. (NYSE:CHK), all the way back to the first quarter of 2008.

Incorporated in 1989, Chesapeake is a natural gas and oil exploration and production company.

Up 31% since January, Chesapeake Energy Corp. has a market cap of $14.45 billion; its shares trade at around $21.75 with a P/B ratio of 1.10 and P/S ratio of 1.00. The dividend yield of Chesapeake Energy Corp. stocks is 1.60%.


Loews Corporation (NYSE:L)

Weighting: 7.4%

Shares Owned: 37,506,153

Current Share Price: $45.99

Mason Hawkins is also the top Guru shareholder at Loews Corporation (NYSE:L), which has yielded 12 quarters of gains since he first bought in the second quarter of 2010.

Up 12% over 12 months, Loews Corporation, an insurance holding company, has a market cap of $17.95 billion; its shares trade at around $45.99 with a P/E ratio of 40.70 and P/S ratio of 1.20. The dividend yield of Loews Corporation stocks is 0.50%. Loews Corporation has had an annual average earnings growth of 27.6% over the past five years.


Here is a summary of activity at Southeastern Asset Management, led by Mason Hawkins:

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.

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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: 4.2/5 (6 votes)


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