To Mason Hawkins of Longleaf Funds, the current market offers attractive price to value ratio, and higher return opportunities. He continues to find new opportunities around the globe. This is the Q1 portfolio update.
Mason Hawkins buys Sealed Air Corp., sells Discovery Communications, Inc, The First American Corp. during the 3-months ended 03/31/2010, according to the most recent filings of his investment company, Southeastern Asset Management. Mason Hawkins owns 37 stocks with a total value of $21.8 billion. These are the details of the buys and sells.
This is the sector weightings of his portfolio:
These are the top 5 holdings of Mason Hawkins
CEMEX is one of the largest cement companies in the world, with close to 78 million metric tons of production capacity. Cemex S.a.b. De C.v. has a market cap of $11.05 billion; its shares were traded at around $11.52 with a P/E ratio of 38.4 and P/S ratio of 0.8.
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 $11.32 billion; its shares were traded at around $42.42 with a P/E ratio of 13.2 and P/S ratio of 1.5. The dividend yield of Aon stocks is 1.4%. Aon had an annual average earning growth of 3.9% over the past 10 years.
Yum! Brands Inc. is the one of the world's largest restaurant companies, with restaurants around the world in numerous countries and territories. Yum! Brands Inc. has a market cap of $19.46 billion; its shares were traded at around $41.46 with a P/E ratio of 18.2 and P/S ratio of 1.8. The dividend yield of Yum! Brands Inc. stocks is 2%. Yum! Brands Inc. had an annual average earning growth of 10.1% over the past 10 years. GuruFocus rated Yum! Brands Inc. the business predictability rank of 3.5-star.
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 Energy Corp. has a market cap of $15.18 billion; its shares were traded at around $23.29 with a P/E ratio of 8 and P/S ratio of 2. The dividend yield of Chesapeake Energy Corp. stocks is 1.3%. Chesapeake Energy Corp. had an annual average earning growth of 14.9% over the past 10 years. GuruFocus rated Chesapeake Energy Corp. the business predictability rank of 2-star.
Level 3 Communications is an international communications and information services company. Level 3 Communications Inc. has a market cap of $2.16 billion; its shares were traded at around $1.31 with and P/S ratio of 0.6.
Texas Industries, Inc., is a supplier of construction materials through two business segments: cement, aggregate and concrete products; and structural steel and specialty bar products. Texas Industries Inc. has a market cap of $1.08 billion; its shares were traded at around $38.73 with and P/S ratio of 1.3. The dividend yield of Texas Industries Inc. stocks is 0.8%. Texas Industries Inc. had an annual average earning growth of 1.6% over the past 10 years.
InterContinental Hotels Group offers information and reservations capability on the Internet for InterContinental Hotels & Resorts, Crowne Plaza Hotels & Resorts, Holiday Inn hotels, Holiday Inn Express hotels, and Staybridge Suites by Holiday Inn hotels. Intercontinental Hotels Group Plc has a market cap of $4.82 billion; its shares were traded at around $16.73 with and P/S ratio of 3.1. The dividend yield of Intercontinental Hotels Group Plc stocks is 2.5%.
Sealed Air Corporation is a global leader in performance solutions for food, protective and specialty packaging. Sealed Air Corp. has a market cap of $3.42 billion; its shares were traded at around $21.54 with a P/E ratio of 14.5 and P/S ratio of 0.8. The dividend yield of Sealed Air Corp. stocks is 2.2%. Sealed Air Corp. had an annual average earning growth of 0.7% over the past 10 years.
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 $190.89 billion; its shares were traded at around $115900 with a P/E ratio of 22.3 and P/S ratio of 1.8. Berkshire Hathaway Inc. had an annual average earning growth of 18.2% over the past 10 years. GuruFocus rated Berkshire Hathaway Inc. the business predictability rank of 2-star.
Dillard's Inc. is one of the nation's largest fashion apparel and home furnishings retailers. Dillard's Inc. has a market cap of $1.9 billion; its shares were traded at around $25.72 with a P/E ratio of 37.4 and P/S ratio of 0.3. The dividend yield of Dillard's Inc. stocks is 0.6%.
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 $4.6 billion; its shares were traded at around $32.46 with a P/E ratio of 24.6 and P/S ratio of 1.3.
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 $12.92 billion; its shares were traded at around $36.03 with a P/E ratio of 39.3 and P/S ratio of 1.2. The dividend yield of Marriott International Inc. stocks is 0.4%.
Liberty Media Corporation owns a broad range of electronic retailing, media, communications and entertainment businesses and investments. Liberty Media Corp. Interactive Common S has a market cap of $7.73 billion; its shares were traded at around $13.62 with and P/S ratio of 1.1.
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. Discovery Communications, Inc has a market cap of $10.8 billion; its shares were traded at around $38.09 with a P/E ratio of 28.8 and P/S ratio of 3.
The First American Corp. is the nation's provider of business information and related products and services. The First American Corp. has a market cap of $3.8 billion; its shares were traded at around $36.67 with a P/E ratio of 16.7 and P/S ratio of 0.6. The dividend yield of The First American Corp. stocks is 2.3%.
Mason Hawkins buys Sealed Air Corp., sells Discovery Communications, Inc, The First American Corp. during the 3-months ended 03/31/2010, according to the most recent filings of his investment company, Southeastern Asset Management. Mason Hawkins owns 37 stocks with a total value of $21.8 billion. These are the details of the buys and sells.
- New Purchases: SEE,
- Added Positions: AON, CHK, CX, IHG, LVLT, TXI, YUM,
- Reduced Positions: BRK.A, DDS, DISCK, LINTA, MAR,
- Sold Out: DISCA, FAF,
This is the sector weightings of his portfolio:
| Consumer Services | 39.5% |
| Oil & Gas | 14.3% |
| Technology | 11.8% |
| Industrials | 10.9% |
| Financials | 7.7% |
| Telecommunications | 7.4% |
| Consumer Goods | 4% |
| Basic Materials | 1% |
These are the top 5 holdings of Mason Hawkins
- DIRECTV Group Inc. The (DTV) - 76,071,810 shares, 11.78% of the total portfolio. Shares reduced by 11.16%
- Dell Inc. (DELL) - 138,787,899 shares, 9.54% of the total portfolio. Shares added by 0.97%
- Yum! Brands Inc. (YUM) - 50,921,881 shares, 8.94% of the total portfolio. Shares added by 5.96%
- The Walt Disney Company Disney (DIS) - 54,785,568 shares, 8.76% of the total portfolio. Shares reduced by 2.17%
- Chesapeake Energy Corp. (CHK) - 80,003,027 shares, 8.66% of the total portfolio. Shares added by 4.53%
Added: Cemex S.a.b. De C.v. (CX, Financial)
Mason Hawkins added to his holdings in Cemex S.a.b. De C.v. by 26.43%. His purchase prices were between $8.98 and $12.46, with an estimated average price of $10.47. The impact to his portfolio due to this purchase was 1.28%. His holdings were 131,406,277 shares as of 03/31/2010.CEMEX is one of the largest cement companies in the world, with close to 78 million metric tons of production capacity. Cemex S.a.b. De C.v. has a market cap of $11.05 billion; its shares were traded at around $11.52 with a P/E ratio of 38.4 and P/S ratio of 0.8.
Added: Aon (AON, Financial)
Mason Hawkins added to his holdings in Aon by 28.31%. His purchase prices were between $37.56 and $42.9, with an estimated average price of $40.06. The impact to his portfolio due to this purchase was 0.77%. His holdings were 17,721,029 shares as of 03/31/2010.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 $11.32 billion; its shares were traded at around $42.42 with a P/E ratio of 13.2 and P/S ratio of 1.5. The dividend yield of Aon stocks is 1.4%. Aon had an annual average earning growth of 3.9% over the past 10 years.
Added: Yum! Brands Inc. (YUM, Financial)
Mason Hawkins added to his holdings in Yum! Brands Inc. by 5.96%. His purchase prices were between $32.72 and $38.64, with an estimated average price of $35.31. The impact to his portfolio due to this purchase was 0.5%. His holdings were 50,921,881 shares as of 03/31/2010.Yum! Brands Inc. is the one of the world's largest restaurant companies, with restaurants around the world in numerous countries and territories. Yum! Brands Inc. has a market cap of $19.46 billion; its shares were traded at around $41.46 with a P/E ratio of 18.2 and P/S ratio of 1.8. The dividend yield of Yum! Brands Inc. stocks is 2%. Yum! Brands Inc. had an annual average earning growth of 10.1% over the past 10 years. GuruFocus rated Yum! Brands Inc. the business predictability rank of 3.5-star.
Added: Chesapeake Energy Corp. (CHK, Financial)
Mason Hawkins added to his holdings in Chesapeake Energy Corp. by 4.53%. His purchase prices were between $22.37 and $28.97, with an estimated average price of $25.97. The impact to his portfolio due to this purchase was 0.38%. His holdings were 80,003,027 shares as of 03/31/2010.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 Energy Corp. has a market cap of $15.18 billion; its shares were traded at around $23.29 with a P/E ratio of 8 and P/S ratio of 2. The dividend yield of Chesapeake Energy Corp. stocks is 1.3%. Chesapeake Energy Corp. had an annual average earning growth of 14.9% over the past 10 years. GuruFocus rated Chesapeake Energy Corp. the business predictability rank of 2-star.
Added: Level 3 Communications Inc. (LVLT, Financial)
Mason Hawkins added to his holdings in Level 3 Communications Inc. by 7.17%. His purchase prices were between $1.27 and $1.75, with an estimated average price of $1.51. The impact to his portfolio due to this purchase was 0.23%. His holdings were 461,797,456 shares as of 03/31/2010.Level 3 Communications is an international communications and information services company. Level 3 Communications Inc. has a market cap of $2.16 billion; its shares were traded at around $1.31 with and P/S ratio of 0.6.
Added: Texas Industries Inc. (TXI, Financial)
Mason Hawkins added to his holdings in Texas Industries Inc. by 44.42%. His purchase prices were between $32.2 and $39.91, with an estimated average price of $36.04. The impact to his portfolio due to this purchase was 0.18%. His holdings were 3,709,520 shares as of 03/31/2010.Texas Industries, Inc., is a supplier of construction materials through two business segments: cement, aggregate and concrete products; and structural steel and specialty bar products. Texas Industries Inc. has a market cap of $1.08 billion; its shares were traded at around $38.73 with and P/S ratio of 1.3. The dividend yield of Texas Industries Inc. stocks is 0.8%. Texas Industries Inc. had an annual average earning growth of 1.6% over the past 10 years.
Added: Intercontinental Hotels Group Plc (IHG, Financial)
Mason Hawkins added to his holdings in Intercontinental Hotels Group Plc by 90.42%. His purchase prices were between $13.84 and $15.71, with an estimated average price of $14.68. The impact to his portfolio due to this purchase was 0.04%. His holdings were 1,100,803 shares as of 03/31/2010.InterContinental Hotels Group offers information and reservations capability on the Internet for InterContinental Hotels & Resorts, Crowne Plaza Hotels & Resorts, Holiday Inn hotels, Holiday Inn Express hotels, and Staybridge Suites by Holiday Inn hotels. Intercontinental Hotels Group Plc has a market cap of $4.82 billion; its shares were traded at around $16.73 with and P/S ratio of 3.1. The dividend yield of Intercontinental Hotels Group Plc stocks is 2.5%.
New Purchase: Sealed Air Corp. (SEE, Financial)
Mason Hawkins initiated holdings in Sealed Air Corp.. His purchase prices were between $18.84 and $22.02, with an estimated average price of $20.74. The impact to his portfolio due to this purchase was 0.28%. His holdings were 2,923,959 shares as of 03/31/2010.Sealed Air Corporation is a global leader in performance solutions for food, protective and specialty packaging. Sealed Air Corp. has a market cap of $3.42 billion; its shares were traded at around $21.54 with a P/E ratio of 14.5 and P/S ratio of 0.8. The dividend yield of Sealed Air Corp. stocks is 2.2%. Sealed Air Corp. had an annual average earning growth of 0.7% over the past 10 years.
Reduced: Berkshire Hathaway Inc. (BRK.A, Financial)
Mason Hawkins reduced to his holdings in Berkshire Hathaway Inc. by 99.84%. His sale prices were between $97500 and $125000, with an estimated average price of $113488. The impact to his portfolio due to this sale was -0.01%. Mason Hawkins still held 9 shares as of 03/31/2010.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 $190.89 billion; its shares were traded at around $115900 with a P/E ratio of 22.3 and P/S ratio of 1.8. Berkshire Hathaway Inc. had an annual average earning growth of 18.2% over the past 10 years. GuruFocus rated Berkshire Hathaway Inc. the business predictability rank of 2-star.
Reduced: Dillard's Inc. (DDS, Financial)
Mason Hawkins reduced to his holdings in Dillard's Inc. by 22.78%. His sale prices were between $15.61 and $24.39, with an estimated average price of $19.1. The impact to his portfolio due to this sale was -0.18%. Mason Hawkins still held 7,106,748 shares as of 03/31/2010.Dillard's Inc. is one of the nation's largest fashion apparel and home furnishings retailers. Dillard's Inc. has a market cap of $1.9 billion; its shares were traded at around $25.72 with a P/E ratio of 37.4 and P/S ratio of 0.3. The dividend yield of Dillard's Inc. stocks is 0.6%.
Reduced: Discovery Communications, Inc - Series C Common St (DISCK, Financial)
Mason Hawkins reduced to his holdings in Discovery Communications, Inc - Series C Common St by 54.97%. His sale prices were between $25.33 and $29.8, with an estimated average price of $27.62. The impact to his portfolio due to this sale was -0.22%. Mason Hawkins still held 2,949,735 shares as of 03/31/2010.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 $4.6 billion; its shares were traded at around $32.46 with a P/E ratio of 24.6 and P/S ratio of 1.3.
Reduced: Marriott International Inc. (MAR)
Mason Hawkins reduced to his holdings in Marriott International Inc. by 66.49%. His sale prices were between $25.74 and $31.78, with an estimated average price of $27.86. The impact to his portfolio due to this sale was -0.68%. Mason Hawkins still held 7,119,767 shares as of 03/31/2010.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 $12.92 billion; its shares were traded at around $36.03 with a P/E ratio of 39.3 and P/S ratio of 1.2. The dividend yield of Marriott International Inc. stocks is 0.4%.
Reduced: Liberty Media Corp. Interactive Common S (LINTA)
Mason Hawkins reduced to his holdings in Liberty Media Corp. Interactive Common S by 20.34%. His sale prices were between $10.38 and $15.21, with an estimated average price of $12.18. The impact to his portfolio due to this sale was -0.97%. Mason Hawkins still held 68,029,071 shares as of 03/31/2010.Liberty Media Corporation owns a broad range of electronic retailing, media, communications and entertainment businesses and investments. Liberty Media Corp. Interactive Common S has a market cap of $7.73 billion; its shares were traded at around $13.62 with and P/S ratio of 1.1.
Sold Out: Discovery Communications, Inc (DISCA)
Mason Hawkins sold out his holdings in Discovery Communications, Inc. His sale prices were between $27.88 and $34.24, with an estimated average price of $31.38.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. Discovery Communications, Inc has a market cap of $10.8 billion; its shares were traded at around $38.09 with a P/E ratio of 28.8 and P/S ratio of 3.
Sold Out: The First American Corp. (FAF)
Mason Hawkins sold out his holdings in The First American Corp.. His sale prices were between $29.57 and $35.69, with an estimated average price of $32.19.The First American Corp. is the nation's provider of business information and related products and services. The First American Corp. has a market cap of $3.8 billion; its shares were traded at around $36.67 with a P/E ratio of 16.7 and P/S ratio of 0.6. The dividend yield of The First American Corp. stocks is 2.3%.
