In the first quarter of 2013, Guru Mason Hawkins, chairman and CEO of Southeastern Asset Management, reduced his position with eight companies, three of them in the building materials sector. Here’s a review of his reductions as of March 31, 2013:
Reduced: Vulcan Materials Company (VMC, Financial) – Building Materials
Mason Hawkins reduced his Vulcan Materials position by 28.21% in the first quarter of 2013, selling 2,541,753 shares at an average price of $54.27, for a 0.4% gain. The fourth quarter of 2011 made the highest gain for Hawkins at 66.4%. This trade impacts his portfolio by -0.59%. Hawkins holds remaining shares of approximately 6.46 million after the trade or 4.98% of shares outstanding.
The current VMC share price is $54.47.
Reduced: Cemex, S.A.B. de C.V (CX, Financial) – Building Materials
Hawkins reduced his CX position by 37.86% in the first quarter of 2013, selling approximately 29.4 million shares at an average price of $10.59, for a 12.9% gain. The fourth quarter of 2011 made the highest gain for Hawkins at 202.8%. This trade impacts his portfolio by -01.33%. Hawkins owns remaining shares of around 53.8 million after the trade or 4.55% of shares outstanding.
The current CX share price is $11.96.
Reduced: Martin Marietta Materials (MLM, Financial) – Building Materials
Hawkins reduced his MLM position by 62.93% in the first quarter of 2013, selling approximately 3.6 million shares at an average price of $99.80, for an 8.2% gain. The third quarter of 2011 made the highest gain for Hawkins at 53.3%. This trade impacts his portfolio by -1.51%. Hawkins holds remaining shares of around 2.1 million after the trade or 4.72% of shares outstanding.
The current MLM share price is $108.
Reduced: Vornado Realty Trust (VNO, Financial) – REITs
Mason Hawkins reduced his position with VNO by 21.24% as of first quarter 2013. Hawkins first bought in the fourth quarter of 2004, with 431,551 shares at an average price of $78.16, for a 10.7% gain. When he sold 91,649 shares at an average price of $83.39, he made a gain of 3.7%. Hawkins holds a 0.18% of shares outstanding. This trade impacts his portfolio by -0.03%.
The current VNO share price is $86.99.
Reduced: DineEquity Inc. (DIN, Financial) – Restaurants
Mason Hawkins first bought DIN in the second quarter of 2008 for around 3.2 million shares at an average price of $46.77 per share, making a gain of 54.2%. In first quarter 2013, he reduced his position by 20.11%, unloading 528,086 shares at an average price of $71.60 for a gain of 0.7%. This trade impacts his portfolio by -0.15%. Hawkins owns 10.94% of shares outstanding after the trade.
The current DIN share price is $72.50.
Reduced: Madison Square Garden Co. (MSG, Financial) - Entertainment
Hawkins reduced his MSG position by 69.39% in the first quarter of 2013, selling a little more than 3 million shares at an average price of $53.02, for a 16.7% gain. The third quarter of 2011 made the highest gain for Hawkins at 149.5%, and the trading history shows no losses on this holding. This trade impacts the Hawkins portfolio by -0.59%. Hawkins holds remaining shares of around 6.46 million after the trade or 1.74% of shares outstanding.
The current MSG share price is $54.47.
Reduced: Lamar Advertising Co. (LAMR, Financial) – Advertising and Marketing Services
Hawkins reduced his LAMR position by 18.76% in the first quarter of 2013, selling 1,019,206 shares at an average price of $44.17, for a 9.8% gain. The fourth quarter of 2011 made the highest gain for Hawkins at 112.7%. This trade impacts his portfolio by -0.17%. Hawkins holds remaining shares of around 4.4 million after the trade or a 4.70% of shares outstanding.
The current LAMR share price is $48.51.
Reduced: Service Corporation International Inc. (SCI, Financial) – Personal Services
After a long and profitable ride with the funeral and deathcare company, Hawkins reduced his SCI position by 41.32% in the first quarter of 2013, selling 5,462,500 shares at an average price of $36.53, for a 13% gain. The first quarter of 2009 made the highest gain for Hawkins at 78.8%. This trade impacts his portfolio by -0.62%. Hawkins owns remaining shares of around 4.4 million after the trade or 6.83% of shares outstanding.
The current SCI share price is $41.28.
Guru Mason Hawkins has been the chairman and CEO of Southeastern Asset Management since 1975, where he and his partners manage the Longleaf Partners Funds. The Southeastern Asset Management portfolio currently lists 37 stocks and a total value of $22.2 billion, with a quarter-over-quarter turnover of 4%.
Here is a summary of activity at Southeastern Asset Management:
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Reduced: Vulcan Materials Company (VMC, Financial) – Building Materials
Mason Hawkins reduced his Vulcan Materials position by 28.21% in the first quarter of 2013, selling 2,541,753 shares at an average price of $54.27, for a 0.4% gain. The fourth quarter of 2011 made the highest gain for Hawkins at 66.4%. This trade impacts his portfolio by -0.59%. Hawkins holds remaining shares of approximately 6.46 million after the trade or 4.98% of shares outstanding.
The current VMC share price is $54.47.
Reduced: Cemex, S.A.B. de C.V (CX, Financial) – Building Materials
Hawkins reduced his CX position by 37.86% in the first quarter of 2013, selling approximately 29.4 million shares at an average price of $10.59, for a 12.9% gain. The fourth quarter of 2011 made the highest gain for Hawkins at 202.8%. This trade impacts his portfolio by -01.33%. Hawkins owns remaining shares of around 53.8 million after the trade or 4.55% of shares outstanding.
The current CX share price is $11.96.
Reduced: Martin Marietta Materials (MLM, Financial) – Building Materials
Hawkins reduced his MLM position by 62.93% in the first quarter of 2013, selling approximately 3.6 million shares at an average price of $99.80, for an 8.2% gain. The third quarter of 2011 made the highest gain for Hawkins at 53.3%. This trade impacts his portfolio by -1.51%. Hawkins holds remaining shares of around 2.1 million after the trade or 4.72% of shares outstanding.
The current MLM share price is $108.
Reduced: Vornado Realty Trust (VNO, Financial) – REITs
Mason Hawkins reduced his position with VNO by 21.24% as of first quarter 2013. Hawkins first bought in the fourth quarter of 2004, with 431,551 shares at an average price of $78.16, for a 10.7% gain. When he sold 91,649 shares at an average price of $83.39, he made a gain of 3.7%. Hawkins holds a 0.18% of shares outstanding. This trade impacts his portfolio by -0.03%.
The current VNO share price is $86.99.
Reduced: DineEquity Inc. (DIN, Financial) – Restaurants
Mason Hawkins first bought DIN in the second quarter of 2008 for around 3.2 million shares at an average price of $46.77 per share, making a gain of 54.2%. In first quarter 2013, he reduced his position by 20.11%, unloading 528,086 shares at an average price of $71.60 for a gain of 0.7%. This trade impacts his portfolio by -0.15%. Hawkins owns 10.94% of shares outstanding after the trade.
The current DIN share price is $72.50.
Reduced: Madison Square Garden Co. (MSG, Financial) - Entertainment
Hawkins reduced his MSG position by 69.39% in the first quarter of 2013, selling a little more than 3 million shares at an average price of $53.02, for a 16.7% gain. The third quarter of 2011 made the highest gain for Hawkins at 149.5%, and the trading history shows no losses on this holding. This trade impacts the Hawkins portfolio by -0.59%. Hawkins holds remaining shares of around 6.46 million after the trade or 1.74% of shares outstanding.
The current MSG share price is $54.47.
Reduced: Lamar Advertising Co. (LAMR, Financial) – Advertising and Marketing Services
Hawkins reduced his LAMR position by 18.76% in the first quarter of 2013, selling 1,019,206 shares at an average price of $44.17, for a 9.8% gain. The fourth quarter of 2011 made the highest gain for Hawkins at 112.7%. This trade impacts his portfolio by -0.17%. Hawkins holds remaining shares of around 4.4 million after the trade or a 4.70% of shares outstanding.
The current LAMR share price is $48.51.
Reduced: Service Corporation International Inc. (SCI, Financial) – Personal Services
After a long and profitable ride with the funeral and deathcare company, Hawkins reduced his SCI position by 41.32% in the first quarter of 2013, selling 5,462,500 shares at an average price of $36.53, for a 13% gain. The first quarter of 2009 made the highest gain for Hawkins at 78.8%. This trade impacts his portfolio by -0.62%. Hawkins owns remaining shares of around 4.4 million after the trade or 6.83% of shares outstanding.
The current SCI share price is $41.28.
Guru Mason Hawkins has been the chairman and CEO of Southeastern Asset Management since 1975, where he and his partners manage the Longleaf Partners Funds. The Southeastern Asset Management portfolio currently lists 37 stocks and a total value of $22.2 billion, with a quarter-over-quarter turnover of 4%.
Here is a summary of activity at Southeastern Asset Management:
If you are not yet a Premium Member, we invite you for a 7-day Free Trial.
Use the GuruFocus Value Screen to find 52-Week Lows and discover potentially deep value stocks held by billionaire Guru investors.
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. This feature is for Premium Members only.
GuruFocus’ Score Board of Gurus shows which investors produced the largest average returns in the past 6 and 12 months, as well as on a historical basis.
