13F-HR 1 f13f304.txt 0304 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: 03/31/04 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 05/13/04 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: 92 Form 13f Information Table Value Total: 16,526,195 (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 4925 370000 SH SOLE 370000 Alltel Corp COM 020039103 27734 555900 SH SOLE 555900 Aon Corp COM 037389103 851905 30523300 SH SOLE 23123300 7400000 408240 14627000 SH DEFINED 01 14627000 1088 39000 SH OTHER 39000 Brookfield Properties Corp COM 112900105 2769 89000 SH SOLE 53000 36000 Checkpoint Systems, Inc. COM 162825103 21451 1135000 SH SOLE 881100 253900 Comcast Corp Cl A COM 20030N101 112790 3924505 SH SOLE 2744657 1179848 47967 1668996 SH DEFINED 01 1668996 37 1294 SH OTHER 1294 Comcast Corp Special Cl A COM 20030N200 476470 17090022 SH SOLE 13487522 3602500 281151 10084326 SH DEFINED 01 10084326 739 26500 SH OTHER 26500 Coors - Class B COM 217016104 15904 229000 SH SOLE 229000 184966 2663300 SH DEFINED 01 2663300 DIRECTV Group, Inc. COM 25459L106 619246 40263086 SH SOLE 32687528 7575558 282701 18381099 SH DEFINED 01 18381099 916 59543 SH OTHER 59543 Deltic Timber Corp COM 247850100 2838 80000 SH SOLE 80000 52855 1489700 SH DEFINED 01 1489700 Diageo Plc - ADR COM 25243Q205 29052 549400 SH SOLE 502400 47000 FedEx Corp. COM 31428X106 475752 6329861 SH SOLE 4890261 1439600 422023 5615000 SH DEFINED 01 5615000 1794 23866 SH OTHER 23866 First Tenn Natl COM 337162101 1145 24000 SH SOLE 24000 Forest City Enterprises, Inc. COM 345550107 100554 1867300 SH SOLE 824000 1043300 111194 2064875 SH DEFINED 01 2064875 General Motors COM 370442105 577256 12255960 SH SOLE 9060660 3195300 235500 5000000 SH DEFINED 01 5000000 691 14666 SH OTHER 14666 Genlyte Group, Inc. COM 372302109 86337 1537332 SH DEFINED 01 1537332 Hilton Hotels Corp COM 432848109 482473 29690676 SH SOLE 23128524 6562152 392996 24184353 SH DEFINED 01 24184353 905 55666 SH OTHER 55666 IHOP Corp. COM 449623107 5658 164300 SH SOLE 68300 96000 102566 2978100 SH DEFINED 01 2978100 Jacuzzi Brands, Inc. COM 469865109 47664 5081400 SH SOLE 3807500 1273900 82919 8840000 SH DEFINED 01 8840000 Knight Ridder COM 499040103 289198 3948100 SH SOLE 3102400 845700 217794 2973300 SH DEFINED 01 2973300 791 10800 SH OTHER 10800 Koninklijke Philips Electronic COM 500472303 200133 6905900 SH SOLE 5493900 1412000 133164 4595034 SH DEFINED 01 4595034 87 3000 SH OTHER 3000 Level 3 Communications COM 52729N100 185257 46083946 SH SOLE 33184321 12899625 435070 108226271SH DEFINED 01 108226271 Marriott International Class A COM 571903202 324749 7632163 SH SOLE 5951963 1680200 273354 6424300 SH DEFINED 01 6424300 468 11000 SH OTHER 11000 Millea Holdings, Inc. ADR COM 60032R106 63055 811000 SH SOLE 811000 NCR Corp COM 62886E108 189934 4310800 SH SOLE 3058000 1252800 134238 3046700 SH DEFINED 01 3046700 NTT Docomo, Inc. ADR COM 62942M201 20498 925000 SH SOLE 494000 431000 Neiman Marcus Group Class B COM 640204301 25852 515500 SH SOLE 515500 116975 2332500 SH DEFINED 01 2332500 Neiman-Marcus Group COM 640204202 99924 1852500 SH SOLE 1577500 275000 News Corp Ltd ADR COM 652487703 16263 452000 SH SOLE 334000 118000 49832 1385000 SH DEFINED 01 1385000 Nippon Telegraph and Telephone COM 654624105 70510 2488000 SH SOLE 1705000 783000 Odyssey Re Holdings Corp COM 67612W108 7557 279900 SH SOLE 253400 26500 PepsiAmericas. Inc. COM 71343P200 42090 2061200 SH SOLE 1841200 220000 109325 5353800 SH DEFINED 01 5353800 Pioneer Natural Resources Co. COM 723787107 215848 6682600 SH SOLE 4631500 2051100 284828 8818200 SH DEFINED 01 8818200 937 29000 SH OTHER 29000 Ruddick Corp. COM 781258108 68697 3394100 SH DEFINED 01 3394100 Saks, Inc. COM 79377W108 201645 11457100 SH SOLE 8584400 2872700 117 6666 SH OTHER 6666 Shaw Communications, Inc. Clas COM 82028K200 193399 11843200 SH SOLE 7860900 3982300 269863 16525600 SH DEFINED 01 16525600 Telephone & Data Systems, Inc. COM 879433100 587849 8294757 SH SOLE 6023957 2270800 255026 3598500 SH DEFINED 01 3598500 638 9000 SH OTHER 9000 Texas Industries COM 882491103 6988 193300 SH SOLE 80700 112600 104148 2881000 SH DEFINED 01 2881000 The MONY Group, Inc. COM 615337102 8134 258700 SH SOLE 258700 65697 2089600 SH DEFINED 01 2089600 Trizec Properties COM 89687P107 305427 17809136 SH SOLE 13720565 4088571 282630 16479900 SH DEFINED 01 16479900 821 47900 SH OTHER 47900 Vivendi Universal ADR COM 92851S204 648672 24441300 SH SOLE 18850200 5591100 109926 4141900 SH DEFINED 01 4141900 1168 44000 SH OTHER 44000 Walt Disney Company COM 254687106 688657 27557300 SH SOLE 22127100 5430200 461440 18465000 SH DEFINED 01 18465000 1150 46000 SH OTHER 46000 Waste Management, Inc. COM 94106L109 710073 23527923 SH SOLE 17872423 5655500 306662 10161100 SH DEFINED 01 10161100 1090 36132 SH OTHER 36132 Yum! Brands, Inc. COM 988498101 716884 18870323 SH SOLE 15485323 3385000 467201 12298000 SH DEFINED 01 12298000 1292 34000 SH OTHER 34000