In 1987, he founded Longleaf Partners Fund, a mutual and UCITS fund portfolio. To honor Hawkins’ illustrious career, Institutional Investor bestowed its Lifetime Achievement Award upon him in that same year. Over the course of his career, the value investor has amassed an impressive track record of over 50 years in the financial markets. As of the end of the third quarter, Southeastern Asset Management’s AUM stood at $5.26 billion, up 1.06 percent from the previous period. Financial, services, technology, basic materials, conglomerates and consumer goods are some of the sectors in which the fund has significant investments.
Insider Monkey takes a look at the top 10 stock picks of Mason Hawkins’ Southeastern Asset Management. Mason Hawkins has a stake in MGM Resorts International worth $238.42 million, which he acquired through the acquisition of 5.53 million shares. In exchange for $1.075 billion in cash and $815 million after taxes and fees, Hard Rock International has agreed to buy the operations of The Mirage from the company. In the third quarter, 30 out of 867 of the world’s best hedge funds had a positive outlook on Affiliated Managers Group, Inc. In the third quarter, the company earned $4.00 per share, beating analysts’ expectations by a nickel. FedEx Corporation reported third-quarter earnings per share of $4.83, $0.54 higher than expected. Revenue of $23.50 billion surpassed forecasts by $1.08 billion, a remarkable achievement. Discovery, Inc. is owned by Southeastern Asset Management with a 4.81 percent stake. The company’s content is available in more than 50 different languages. Among its brands are Animal Planet, Discovery Channel, HGTV, and Food Network, as well as the Discovery+ streaming service. Southeastern Asset Management owns 2.57 million shares of the company, worth $265.58 million in total. There were 53 “bullish” hedge fund positions on General Electric Company at the end of the third quarter, down from 67 in the previous quarter. For more details, click Top 10 Stock Picks Of Mason Hawkins’ Southeastern Asset Management.