13F-HR 1 f13f0609.txt 13F JUNE 30, 2009 UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D. C. 20549 Form 13F Form 13F COVER PAGE Report for the Calendar Year or Quarter Ended: 06/30/2009 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: Andrew R. McCarroll Title: General Counsel Phone: 901-761-2474 Signature, Place, and Date of Signing: /s/Andrew R. McCarroll Memphis, Tennessee 08/13/2009 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: 76 Form 13f Information Table Value Total: 19418701 (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 259873 6862239 SH Sole 5670239 1192000 235229 6211477 SH Defined 01 6211477 Berkshire Hathaway Inc. Class COM 084670108 264060 2934 SH Sole 2429 505 257670 2863 SH Defined 01 2863 CEMEX S.A.B. de C.V. ADR COM 151290889 662336 70913958 SH Sole 59131383 11782575 375168 40167920 SH Defined 01 40167920 Chesapeake Energy Corporation COM 165167107 964409 48633816 SH Sole 41064022 7569794 507580 25596576 SH Defined 01 25596576 Dell Inc. COM 24702R101 1449847 105597040 SH Sole 88364595 17232445 854006 62200036 SH Defined 01 62200036 Diageo Plc - ADR COM 25243Q205 21069 368013 SH Sole 368013 Dillard's Inc. COM 254067101 1398 152000 SH Sole 152000 83267 9050748 SH Defined 01 9050748 DineEquity Inc COM 254423106 7467 239400 SH Sole 127000 112400 92887 2978100 SH Defined 01 2978100 DIRECTV Group Inc. COM 25459L106 940564 38064101 SH Sole 32147821 5916280 512362 20735000 SH Defined 01 20735000 Discovery Communications Inc. COM 25470F104 12845 570614 SH Sole 43000 527614 Discovery Communications Serie COM 25470F302 78100 3804200 SH Sole 2352866 1451334 95013 4628000 SH Defined 01 4628000 EBay Inc. COM 278642103 206 12000 SH Sole 12000 EnCana Corporation COM 292505104 44201 893500 SH Sole 893500 32155 650000 SH Defined 01 650000 Everest Re Group Ltd. COM G3223R108 262377 3666013 SH Sole 2991700 674313 95546 1335000 SH Defined 01 1335000 Fair Isaac Corporation COM 303250104 1577 102000 SH Sole 102000 109401 7076400 SH Defined 01 7076400 FedEx Corporation COM 31428X106 214188 3850915 SH Sole 3285615 565300 163002 2930629 SH Defined 01 2930629 Ingersoll-Rand Company Limited COM G4776G101 718762 34390547 SH Sole 28292756 6097791 94656 4529000 SH Defined 01 4529000 Level 3 Communications Inc. COM 52729N100 357139 236515769 SH Sole 192152353 44363416 293631 194457754 SH Defined 01 194457754 Liberty Media Corp Entertainme COM 53071M500 1069823 40068275 SH Sole 33323396 6744879 544566 20395715 SH Defined 01 20395715 Liberty Media Corporation Inte COM 53071M104 309779 61832146 SH Sole 50590855 11241291 191829 38289181 SH Defined 01 38289181 Markel Corporation COM 570535104 28545 101331 SH Sole 95100 6231 81130 288000 SH Defined 01 288000 Marriott International Inc. COM 571903202 335980 15223380 SH Sole 12129011 3094369 307017 13911047 SH Defined 01 13911047 Pioneer Natural Resources Comp COM 723787107 255410 10016075 SH Sole 7808575 2207500 322886 12662200 SH Defined 01 12662200 Potlatch Corporation COM 737630103 1044 43000 SH Sole 43000 70125 2887000 SH Defined 01 2887000 Royal Philips Electronics ADR COM 500472303 491165 26664786 SH Sole 22748802 3915984 133766 7262000 SH Defined 01 7262000 Ruddick Corporation COM 781258108 1150 49079 SH Sole 49079 72808 3107459 SH Defined 01 3107459 Service Corporation Internatio COM 817565104 1649 300900 SH Sole 300900 103946 18968200 SH Defined 01 18968200 Symantec Corporation COM 871503108 498284 31982254 SH Sole 28878986 3103268 Telephone and Data Systems Inc COM 879433100 30690 1084448 SH Sole 969748 114700 43322 1530800 SH Defined 01 1530800 Telephone and Data Systems Inc COM 879433860 184178 7094689 SH Sole 5519252 1575437 147095 5666200 SH Defined 01 5666200 Texas Industries Inc. COM 882491103 1709 54500 SH Sole 54500 78842 2514100 SH Defined 01 2514100 The First American Corporation COM 318522307 1736 67000 SH Sole 67000 80140 3093000 SH Defined 01 3093000 The Washington Post Company COM 939640108 38846 110301 SH Sole 105115 5186 118986 337855 SH Defined 01 337855 tw telecom inc. COM 87311L104 71448 6950162 SH Sole 5510154 1440008 151452 14732670 SH Defined 01 14732670 Walt Disney Company COM 254687106 846258 36273369 SH Sole 29709084 6564285 397428 17035082 SH Defined 01 17035082 Wendy's/Arby's Group Inc. COM 950587105 96484 24121000 SH Defined 01 24121000 Willis Group Holdings Limited COM G96655108 65611 2550000 SH Sole 2330000 220000 179698 6984000 SH Defined 01 6984000 Worthington Industries Inc. COM 981811102 1629 127400 SH Sole 127400 84171 6581000 SH Defined 01 6581000 Yum! Brands Inc. COM 988498101 549938 16494845 SH Sole 13763221 2731624 427316 12816930 SH Defined 01 12816930 Fairfax Financial Holdings Lim COM 303901102 520059 2068394 SH Sole 1688309 380085 299574 1191472 SH Defined 01 1191472 Level 3 Communications Inc. Co CONV 52729NBM1 119199 100062000 PRN Defined 01 100062000