13F-HR 1 f13f604.txt 13F JUNE 04 UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D. C. 20549 Form 13F Form 13F COVER PAGE Report for the Calendar Year or Quarter Ended: 06/30/04 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 08/05/04 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: 90 Form 13f Information Table Value Total: 16,792,056 (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 4877 370000 SH SOLE 370000 Alltel Corp COM 020039103 28038 553900 SH SOLE 553900 Aon Corp COM 037389103 898012 31542400 SH SOLE 24130400 7412000 416431 14627000 SH DEFINED 01 14627000 1110 39000 SH OTHER 39000 Checkpoint Systems, Inc. COM 162825103 20351 1135000 SH SOLE 881100 253900 Comcast Corp Cl A COM 20030N101 109165 3894595 SH SOLE 2714747 1179848 46782 1668996 SH DEFINED 01 1668996 36 1294 SH OTHER 1294 Comcast Corp Special Cl A COM 20030N200 494317 17903534 SH SOLE 14301034 3602500 352276 12759000 SH DEFINED 01 12759000 732 26500 SH OTHER 26500 Coors - Class B COM 217016104 81578 1127700 SH SOLE 1076700 51000 204360 2825000 SH DEFINED 01 2825000 DIRECTV Group, Inc. COM 25459L106 684275 40016057 SH SOLE 32440499 7575558 314317 18381099 SH DEFINED 01 18381099 1018 59543 SH OTHER 59543 Deltic Timber Corp COM 247850100 3072 80000 SH SOLE 80000 57204 1489700 SH DEFINED 01 1489700 Diageo Plc - ADR COM 25243Q205 30080 549400 SH SOLE 502400 47000 FedEx Corp. COM 31428X106 511695 6263861 SH SOLE 4824261 1439600 458689 5615000 SH DEFINED 01 5615000 1950 23866 SH OTHER 23866 First Horizon National Corp COM 320517105 1091 24000 SH SOLE 24000 Forest City Enterprises, Inc. COM 345550107 98315 1855000 SH SOLE 811700 1043300 108278 2042975 SH DEFINED 01 2042975 General Motors COM 370442105 699337 15010460 SH SOLE 11286660 3723800 377379 8100000 SH DEFINED 01 8100000 846 18166 SH OTHER 18166 Genlyte Group, Inc. COM 372302109 9723 154624 SH DEFINED 01 154624 Hilton Hotels Corp COM 432848109 551143 29536044 SH SOLE 22973892 6562152 451280 24184353 SH DEFINED 01 24184353 1039 55666 SH OTHER 55666 IHOP Corp. COM 449623107 19532 546200 SH SOLE 450200 96000 106497 2978100 SH DEFINED 01 2978100 Jacuzzi Brands, Inc. COM 469865109 35023 4345300 SH SOLE 3351000 994300 71250 8840000 SH DEFINED 01 8840000 Knight Ridder COM 499040103 275767 3830100 SH SOLE 3010400 819700 214078 2973300 SH DEFINED 01 2973300 778 10800 SH OTHER 10800 Koninklijke Philips Electronic COM 500472303 209682 7708900 SH SOLE 6217900 1491000 124985 4595034 SH DEFINED 01 4595034 82 3000 SH OTHER 3000 Level 3 Communications COM 52729N100 185295 52195646 SH SOLE 39296021 12899625 384203 108226271SH DEFINED 01 108226271 Marriott International Class A COM 571903202 108145 2168100 SH SOLE 1674100 494000 110893 2223200 SH DEFINED 01 2223200 200 4000 SH OTHER 4000 Millea Holdings, Inc. ADR COM 60032R106 60590 811000 SH SOLE 811000 NCR Corp COM 62886E108 193108 3894100 SH SOLE 2700700 1193400 106415 2145900 SH DEFINED 01 2145900 NTT Docomo, Inc. ADR COM 62942M201 16752 925000 SH SOLE 494000 431000 Neiman Marcus Group Class B COM 640204301 26749 515500 SH SOLE 515500 121033 2332500 SH DEFINED 01 2332500 Neiman-Marcus Group COM 640204202 103092 1852500 SH SOLE 1577500 275000 News Corp Ltd ADR COM 652487703 16010 452000 SH SOLE 334000 118000 49057 1385000 SH DEFINED 01 1385000 Nippon Telegraph and Telephone COM 654624105 66778 2488000 SH SOLE 1705000 783000 Odyssey Re Holdings Corp COM 67612W108 6718 279900 SH SOLE 253400 26500 PepsiAmericas. Inc. COM 71343P200 40175 1891500 SH SOLE 1671500 220000 111784 5262900 SH DEFINED 01 5262900 Pioneer Natural Resources Co. COM 723787107 187134 5334500 SH SOLE 3800900 1533600 303130 8641100 SH DEFINED 01 8641100 631 18000 SH OTHER 18000 Ruddick Corp. COM 781258108 76198 3394100 SH DEFINED 01 3394100 Saks, Inc. COM 79377W108 118515 7901000 SH SOLE 5408300 2492700 Shaw Communications, Inc. Clas COM 82028K200 192747 11466200 SH SOLE 7750900 3715300 277795 16525600 SH DEFINED 01 16525600 Telephone & Data Systems, Inc. COM 879433100 588023 8258757 SH SOLE 5987957 2270800 256213 3598500 SH DEFINED 01 3598500 641 9000 SH OTHER 9000 Texas Industries COM 882491103 7958 193300 SH SOLE 80700 112600 118611 2881000 SH DEFINED 01 2881000 The MONY Group, Inc. COM 615337102 8097 258700 SH SOLE 258700 65404 2089600 SH DEFINED 01 2089600 Trizec Properties COM 89687P107 288845 17764136 SH SOLE 13675565 4088571 267963 16479900 SH DEFINED 01 16479900 779 47900 SH OTHER 47900 Vivendi Universal ADR COM 92851S204 678087 24304200 SH SOLE 18774100 5530100 115559 4141900 SH DEFINED 01 4141900 1228 44000 SH OTHER 44000 Walt Disney Company COM 254687106 796392 31243300 SH SOLE 24670100 6573200 470673 18465000 SH DEFINED 01 18465000 1173 46000 SH OTHER 46000 Waste Management, Inc. COM 94106L109 716993 23392923 SH SOLE 17737423 5655500 311438 10161100 SH DEFINED 01 10161100 1107 36132 SH OTHER 36132 Yum! Brands, Inc. COM 988498101 698259 18760323 SH SOLE 15375323 3385000 457732 12298000 SH DEFINED 01 12298000 1265 34000 SH OTHER 34000