13F-HR 1 f13f0610.txt 13F - JUNE 30, 2010 UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D. C. 20549 Form 13F Form 13F COVER PAGE Report for the Calendar Year or Quarter Ended: 06/30/2010 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 08/13/2010 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: 77 Form 13f Information Table Value Total: 19864503 (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 468444 12619714 SH Sole 10015714 2604000 342017 9213812 SH Defined 01 9213812 Bank of New York Mellon Corpor COM 064058100 390056 15798123 SH Sole 12760123 3038000 335068 13571000 SH Defined 01 13571000 Campbell Soup Company COM 134429109 203916 5691200 SH Sole 4684200 1007000 190196 5308300 SH Defined 01 5308300 CEMEX S.A.B. de C.V. ADR COM 151290889 824461 85259718 SH Sole 68921526 16338192 462890 47868680 SH Defined 01 47868680 Chesapeake Energy Corporation COM 165167107 1156782 55216329 SH Sole 46232287 8984042 536248 25596576 SH Defined 01 25596576 Dell Inc. COM 24702R101 1103021 91461134 SH Sole 76091599 15369535 612099 50754465 SH Defined 01 50754465 Diageo Plc - ADR COM 25243Q205 15718 250522 SH Sole 250522 Dillard's Inc. COM 254067101 2337 108717 SH Sole 108717 148560 6909748 SH Defined 01 6909748 DineEquity Inc COM 254423106 6684 239400 SH Sole 127000 112400 83149 2978100 SH Defined 01 2978100 DIRECTV Cl A COM 25490A101 1513986 44634007 SH Sole 37009001 7625006 657479 19383238 SH Defined 01 19383238 Everest Re Group Ltd. COM G3223R108 294481 4164048 SH Sole 3131400 1032648 94411 1335000 SH Defined 01 1335000 Fair Isaac Corporation COM 303250104 47373 2174083 SH Sole 1000383 1173700 157245 7216400 SH Defined 01 7216400 FedEx Corporation COM 31428X106 246903 3521652 SH Sole 2947652 574000 205466 2930629 SH Defined 01 2930629 InterContinental Hotels Group COM 45857P301 14885 949308 SH Sole 509308 440000 2375 151495 SH Defined 01 151495 Level 3 Communications Inc. COM 52729N100 293584 269342892 SH Sole 222829286 46513606 234229 214888754 SH Defined 01 214888754 Liberty Media Corporation Inte COM 53071M104 375102 35724028 SH Sole 29110778 6613250 227743 21689776 SH Defined 01 21689776 Loews Corporation COM 540424108 110333 3312300 SH Sole 2682300 630000 123236 3699679 SH Defined 01 3699679 Markel Corporation COM 570535104 170298 500877 SH Sole 379080 121797 97920 288000 SH Defined 01 288000 Martin Marietta Materials Inc. COM 573284106 114620 1351493 SH Sole 1069693 281800 108313 1277124 SH Defined 01 1277124 Pioneer Natural Resources Comp COM 723787107 489208 8228891 SH Sole 6290091 1938800 718923 12092900 SH Defined 01 12092900 Potlatch Corporation COM 737630103 1363 38142 SH Sole 38142 93868 2627155 SH Defined 01 2627155 Royal Philips Electronics ADR COM 500472303 147714 4950199 SH Sole 3748399 1201800 101657 3406731 SH Defined 01 3406731 Ruddick Corporation COM 781258108 1521 49079 SH Sole 49079 96300 3107459 SH Defined 01 3107459 Sealed Air Corporation COM 81211K100 57660 2923959 SH Defined 01 2923959 Service Corporation Internatio COM 817565104 111769 15103900 SH Sole 11517000 3586900 106908 14447000 SH Defined 01 14447000 Shanda Games Limited - ADR COM 81941U105 12340 2124000 SH Sole 2124000 22653 3899000 SH Defined 01 3899000 Shanda Interactive Entertainme COM 81941Q203 12655 319000 SH Sole 319000 25746 649000 SH Defined 01 649000 Symantec Corporation COM 871503108 383426 27624361 SH Sole 25147699 2476662 Telephone and Data Systems Inc COM 879433100 17480 575200 SH Sole 534400 40800 46521 1530800 SH Defined 01 1530800 Telephone and Data Systems Inc COM 879433860 147517 5558294 SH Sole 4248646 1309648 150381 5666200 SH Defined 01 5666200 Texas Industries Inc. COM 882491103 3521 119200 SH Sole 64700 54500 106058 3590320 SH Defined 01 3590320 The Washington Post Company COM 939640108 41582 101301 SH Sole 96115 5186 114736 279517 SH Defined 01 279517 tw telecom inc. COM 87311L104 225993 13548765 SH Sole 10954418 2594347 245741 14732670 SH Defined 01 14732670 Verizon Communications-W/I COM 92343V138 50976 1920000 SH Sole 1168000 752000 64835 2442000 SH Defined 01 2442000 Vodafone Group Plc ADR COM 92857W209 132484 6409479 SH Sole 5119479 1290000 22039 1066235 SH Defined 01 1066235 Walt Disney Company COM 254687106 1030735 32721751 SH Sole 26898626 5823125 457065 14510000 SH Defined 01 14510000 Wendy's/Arby's Group Inc. COM 950587105 100546 25136597 SH Defined 01 25136597 Willis Group Holdings PLC COM G96666105 178153 5928555 SH Sole 4740555 1188000 269939 8983000 SH Defined 01 8983000 Worthington Industries Inc. COM 981811102 1407 109400 SH Sole 109400 84632 6581000 SH Defined 01 6581000 Yum! Brands Inc. COM 988498101 1290287 33050382 SH Sole 27437695 5612687 613212 15707286 SH Defined 01 15707286 Level 3 Communications Inc. Co CONV 52729NBM1 113320 100062000 PRN Defined 01 100062000