13F-HR 1 f13f0307.txt MAR 07 13F UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D. C. 20549 Form 13F Form 13F COVER PAGE Report for the Calendar Year or Quarter Ended: 03/31/2007 Check here if Amendment [ ]; Amendment Number: ____ This Amendment (Check only one.): [ ] is a restatement. [ ] adds new holdings entries. Institutional Investment Manager Filing this Report: Name: Southeastern Asset Management, Inc. Address: 6410 Poplar Avenue, Suite 900 Memphis, Tennessee 38119 Form 13F File Number: 28-1399 The institutional investment manager filing this report and the person signing the report hereby represent that the person signing the report is authorized to submit it, that all information contained herein is true, correct and complete, and that it is understood that all required items, statements, schedules, lists, and tables, are considered to be integral parts of this form. Person Signing this Report on Behalf of Reporting Manager: Name: Randy D. Holt Title: Vice President and Secretary Phone: 901-818-5100 Signature, Place, and Date of Signing: Randy D. Holt Memphis, Tennessee 05/14/2007 Report Type (Check only one.): [X] 13F HOLDINGS REPORT. (Check here if all holdings of this reporting manager are reported in this report.) [ ] 13F NOTICE. (Check here if no holdings reported are in this report, and all holdings are reported by other reporting manager(s).) [ ] 13F COMBINATION REPORT. (Check here if a portion of the holdings for this reporting manager are reported in this report and a portion are reported by other reporting manager(s).) List of Other Managers Reporting for this Manager: None Form 13F SUMMARY PAGE Report Summary: Number of Other Included Managers: 1 Form 13F Information Table Entry Total: 103 Form 13f Information Table Value Total: 30630899 (thousands) List of Other Included Managers: Provide a numbered list of the name(s) and Form 13F file number(s) of all institutional investment managers with respect to which this report is filed, other than the manager filing this report. No. Form 13F File Number Name 01 28-N/A Longleaf Partners Funds Trust, an investment company registered under the Investment Company Act of 1940 (File # 811-4923) on behalf of one or more of its three series: Longleaf Partners Fund Longleaf Partners Small-Cap Fund Longleaf Partners International Fund FORM 13F INFORMATION TABLE VALUE SHARES/ SH/ PUT/ INVSTMT OTHER VOTING AUTHORITY NAME OF ISSUER TITLE OF CLASS CUSIP (x$1000) PRN AMT PRN CALL DSCRETN MANAGERS SOLE SHARED NONE ------------------------------ ---------------- --------- -------- -------- --- ---- ------- ------------ -------- -------- -------- Aon Corporation COM 037389103 951000 25052700 SH Sole 20874700 4178000 555241 14627000 SH Defined 01 14627000 949 25000 SH Other 25000 CEMEX S.A.B. de C.V. ADR COM 151290889 1052068 32124210 SH Sole 28157166 3967044 674613 20598872 SH Defined 01 20598872 783 23906 SH Other 23906 Chesapeake Energy Corporation COM 165167107 956590 30977659 SH Sole 26778659 4199000 551399 17856200 SH Defined 01 17856200 803 26000 SH Other 26000 Comcast Corporation Cl A COM 20030N101 13702 528000 SH Sole 250500 277500 Comcast Corporation Spl Cl A COM 20030N200 414790 16285424 SH Sole 14108924 2176500 246843 9691531 SH Defined 01 9691531 325 12750 SH Other 12750 Del Monte Foods Company COM 24522P103 2355 205150 SH Sole 205150 151235 13173806 SH Defined 01 13173806 Dell Inc. COM 24702R101 1742722 75084960 SH Sole 65828682 9256278 1257530 54180530 SH Defined 01 54180530 1416 61000 SH Other 61000 DIRECTV Group, Inc. COM 25459L106 1275895 55305396 SH Sole 48271195 7034201 526247 22810900 SH Defined 01 22810900 741 32108 SH Other 32108 Discovery Holding Company COM 25468Y107 210045 10979873 SH Sole 9793573 1186300 320568 16757344 SH Defined 01 16757344 117 6100 SH Other 6100 EBay Inc. COM 278642103 74934 2260458 SH Sole 2084000 176458 162936 4915100 SH Defined 01 4915100 EnCana Corporation COM 292505104 84096 1661000 SH Sole 1661000 165307 3265000 SH Defined 01 3265000 Everest Re Group, Ltd. COM G3223R108 192427 2000900 SH Sole 1896900 104000 136735 1421800 SH Defined 01 1421800 Fair Isaac Corporation COM 303250104 1133 29300 SH Sole 29300 73585 1902400 SH Defined 01 1902400 FedEx Corporation COM 31428X106 398634 3710638 SH Sole 2991638 719000 429570 3998600 SH Defined 01 3998600 702 6533 SH Other 6533 First Horizon National Corpora COM 320517105 997 24000 SH Sole 24000 General Motors Corporation COM 370442105 823827 26887300 SH Sole 23045600 3841700 436314 14240000 SH Defined 01 14240000 643 21000 SH Other 21000 Hilb Rogal & Hobbs Company COM 431294107 3581 73000 SH Sole 73000 172970 3526400 SH Defined 01 3526400 IDT Corporation COM 448947101 71 6300 SH Sole 6300 5182 459400 SH Defined 01 459400 IDT Corporation Cl B COM 448947309 1777 156550 SH Sole 156550 115013 10133310 SH Defined 01 10133310 IHOP Corp. COM 449623107 28680 489000 SH Sole 287000 202000 174666 2978100 SH Defined 01 2978100 Ingersoll-Rand Company Limited COM G4776G101 233126 5375282 SH Sole 5028282 347000 170487 3931000 SH Defined 01 3931000 Level 3 Communications, Inc. COM 52729N100 618782 101439647 SH Sole 87065000 14374647 1230210 201673756 SH Defined 01 201673756 Liberty Media Corporation Capi COM 53071M302 991821 8968454 SH Sole 7902604 1065850 466433 4217676 SH Defined 01 4217676 802 7250 SH Other 7250 Liberty Media Corporation Inte COM 53071M104 1101258 46232488 SH Sole 40017538 6214950 537967 22584666 SH Defined 01 22584666 887 37250 SH Other 37250 Millea Holdings, Inc. ADR COM 60032R106 194219 5253417 SH Sole 3994417 1259000 NTT DoCoMo, Inc. ADR COM 62942M201 27575 1496200 SH Sole 987200 509000 Odyssey Re Holdings Corp. COM 67612W108 65294 1661000 SH Sole 1055000 606000 33170 843800 SH Defined 01 843800 PepsiAmericas, Inc. COM 71343P200 10743 481300 SH Sole 389300 92000 117468 5262900 SH Defined 01 5262900 Pioneer Natural Resources Comp COM 723787107 492181 11416857 SH Sole 9058357 2358500 551321 12788700 SH Defined 01 12788700 690 16000 SH Other 16000 Potlatch Corporation COM 737630103 2589 56545 SH Sole 56545 169479 3702022 SH Defined 01 3702022 Royal Philips Electronics ADR COM 500472303 775002 20341253 SH Sole 17520253 2821000 178172 4676434 SH Defined 01 4676434 762 20000 SH Other 20000 Ruddick Corporation COM 781258108 1408 46800 SH Sole 46800 145091 4823500 SH Defined 01 4823500 Service Corporation Internatio COM 817565104 3120 263100 SH Sole 263100 198292 16719400 SH Defined 01 16719400 Sprint Nextel Corporation COM 852061100 994364 52445348 SH Sole 46522848 5922500 508467 26817900 SH Defined 01 26817900 872 46000 SH Other 46000 Symantec Corporation COM 871503108 386232 22325575 SH Sole 18774575 3551000 109246 6314800 SH Defined 01 6314800 709 41000 SH Other 41000 Telephone and Data Systems, In COM 879433100 150213 2519500 SH Sole 2169500 350000 91266 1530800 SH Defined 01 1530800 358 6000 SH Other 6000 Telephone and Data Systems, In COM 879433860 662641 11854047 SH Sole 9653910 2200137 316741 5666200 SH Defined 01 5666200 335 6000 SH Other 6000 Texas Industries, Inc. COM 882491103 3520 46600 SH Sole 46600 245080 3244800 SH Defined 01 3244800 Trend Micro Incorporated ADR COM 89486M206 766 28000 SH Sole 28000 Walt Disney Company COM 254687106 1189964 34561834 SH Sole 29556334 5005500 533314 15489800 SH Defined 01 15489800 998 29000 SH Other 29000 Wendy's International, Inc. COM 950590109 114677 3663800 SH Defined 01 3663800 Willis Group Holdings Limited COM G96655108 202551 5117500 SH Sole 4962500 155000 241398 6099000 SH Defined 01 6099000 Worthington Industries, Inc. COM 981811102 854 41500 SH Sole 41500 54716 2658700 SH Defined 01 2658700 Yum! Brands, Inc. COM 988498101 594011 10284126 SH Sole 8849064 1435062 688909 11927100 SH Defined 01 11927100 809 14000 SH Other 14000 Fairfax Financial Holdings Lim COM 303901102 423018 1876980 SH Sole 1677980 199000 404767 1796000 SH Defined 01 1796000