13F-HR 1 f13f904a.txt 13 F REPORT UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D. C. 20549 Form 13F Form 13F COVER PAGE Report for the Calendar Year or Quarter Ended: 09/30/04 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 11/12/04 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: 94 Form 13f Information Table Value Total: 17,634,738 (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 ------------------------------ ---------------- --------- -------- -------- --- ---- ------- ------------ -------- -------- -------- Allied Waste Industries, Inc. COM 019589308 3274 370000 SH SOLE 370000 Alltel Corp COM 020039103 30415 553900 SH SOLE 553900 Aon Corp COM 037389103 888192 30904400 SH SOLE 24110400 6794000 420380 14627000 SH DEFINED 01 14627000 1121 39000 SH OTHER 39000 Checkpoint Systems, Inc. COM 162825103 17672 1135000 SH SOLE 881100 253900 Comcast Corp Cl A COM 20030N101 107414 3803595 SH SOLE 2693747 1109848 47132 1668996 SH DEFINED 01 1668996 37 1294 SH OTHER 1294 Comcast Corp Special Cl A COM 20030N200 638478 22868107 SH SOLE 18379607 4488500 356231 12759000 SH DEFINED 01 12759000 740 26500 SH OTHER 26500 Coors - Class B COM 217016104 78909 1161800 SH SOLE 1110800 51000 191874 2825000 SH DEFINED 01 2825000 DIRECTV Group, Inc. COM 25459L106 765151 43499194 SH SOLE 36436852 7062342 342418 19466602 SH DEFINED 01 19466602 1047 59543 SH OTHER 59543 Deltic Timber Corp COM 247850100 3183 80000 SH SOLE 80000 59275 1489700 SH DEFINED 01 1489700 Diageo Plc - ADR COM 25243Q205 27706 549400 SH SOLE 502400 47000 FedEx Corp. COM 31428X106 518121 6046461 SH SOLE 4785861 1260600 481149 5615000 SH DEFINED 01 5615000 2045 23866 SH OTHER 23866 First Horizon National Corp COM 320517105 1041 24000 SH SOLE 24000 Forest City Enterprises, Inc. COM 345550107 81416 1477600 SH SOLE 637100 840500 85525 1552175 SH DEFINED 01 1552175 General Motors COM 370442105 717651 16893860 SH SOLE 12917060 3976800 371318 8741000 SH DEFINED 01 8741000 843 19833 SH OTHER 19833 Hasbro Inc COM 418056107 85168 4530200 SH SOLE 2597200 1933000 94931 5049500 SH DEFINED 01 5049500 Hilb, Rogal & Hobbs Co. COM 431294107 2427 67000 SH SOLE 67000 115955 3201400 SH DEFINED 01 3201400 Hilton Hotels Corp COM 432848109 539616 28642044 SH SOLE 22891892 5750152 455633 24184353 SH DEFINED 01 24184353 1049 55666 SH OTHER 55666 IHOP Corp. COM 449623107 37339 977200 SH SOLE 859200 118000 113793 2978100 SH DEFINED 01 2978100 Jacuzzi Brands, Inc. COM 469865109 40076 4309300 SH SOLE 3315000 994300 82297 8849100 SH DEFINED 01 8849100 Knight Ridder COM 499040103 238565 3645000 SH SOLE 2994300 650700 194602 2973300 SH DEFINED 01 2973300 707 10800 SH OTHER 10800 Koninklijke Philips Electronic COM 500472303 521800 22776100 SH SOLE 17817100 4959000 114665 5005034 SH DEFINED 01 5005034 825 36000 SH OTHER 36000 Level 3 Communications COM 52729N100 138683 53545646 SH SOLE 40646021 12899625 280306 108226271SH DEFINED 01 108226271 Marriott International Class A COM 571903202 49170 946300 SH SOLE 871300 75000 58949 1134500 SH DEFINED 01 1134500 Millea Holdings, Inc. ADR COM 60032R106 52123 811000 SH SOLE 811000 NCR Corp COM 62886E108 172980 3488200 SH SOLE 2433800 1054400 106415 2145900 SH DEFINED 01 2145900 NTT Docomo, Inc. ADR COM 62942M201 15725 925000 SH SOLE 494000 431000 Neiman Marcus Group Class B COM 640204301 27450 515500 SH SOLE 515500 124206 2332500 SH DEFINED 01 2332500 Neiman-Marcus Group COM 640204202 106519 1852500 SH SOLE 1577500 275000 News Corp Ltd ADR COM 652487703 14857 452000 SH SOLE 334000 118000 45525 1385000 SH DEFINED 01 1385000 Nippon Telegraph and Telephone COM 654624105 49710 2488000 SH SOLE 1705000 783000 Odyssey Re Holdings Corp COM 67612W108 6208 279900 SH SOLE 253400 26500 PepsiAmericas. Inc. COM 71343P200 36128 1891500 SH SOLE 1671500 220000 100521 5262900 SH DEFINED 01 5262900 Pioneer Natural Resources Co. COM 723787107 171038 4960500 SH SOLE 3770900 1189600 297945 8641100 SH DEFINED 01 8641100 621 18000 SH OTHER 18000 Ruddick Corp. COM 781258108 66660 3394100 SH DEFINED 01 3394100 Saks, Inc. COM 79377W108 247324 20524800 SH SOLE 14216200 6308600 Shaw Communications, Inc. Clas COM 82028K200 196133 11758600 SH SOLE 8043300 3715300 275647 16525600 SH DEFINED 01 16525600 Telephone & Data Systems, Inc. COM 879433100 677649 8050957 SH SOLE 5968957 2082000 302886 3598500 SH DEFINED 01 3598500 758 9000 SH OTHER 9000 Texas Industries COM 882491103 7989 155300 SH SOLE 80700 74600 148199 2881000 SH DEFINED 01 2881000 Trizec Properties COM 89687P107 199651 12501636 SH SOLE 9530136 2971500 263184 16479900 SH DEFINED 01 16479900 637 39900 SH OTHER 39900 Vivendi Universal ADR COM 92851S204 607954 23628200 SH SOLE 18770100 4858100 106571 4141900 SH DEFINED 01 4141900 1132 44000 SH OTHER 44000 Walt Disney Company COM 254687106 776570 34437700 SH SOLE 27457100 6980600 416386 18465000 SH DEFINED 01 18465000 1037 46000 SH OTHER 46000 Waste Management, Inc. COM 94106L109 618068 22606723 SH SOLE 17668223 4938500 277804 10161100 SH DEFINED 01 10161100 988 36132 SH OTHER 36132 Willis Group Holdings Ltd COM G96655108 72047 1926400 SH SOLE 1671400 255000 47255 1263500 SH DEFINED 01 1263500 Yum! Brands, Inc. COM 988498101 741676 18240923 SH SOLE 15326923 2914000 500037 12298000 SH DEFINED 01 12298000 1382 34000 SH OTHER 34000 Fairfax Financial Holdings Ltd COM 303901102 172217 1388210 SH SOLE 959410 428800 172613 1391400 SH DEFINED 01 1391400