13F-HR 1 f13f0907.txt 13F SEPTEMBER 30, 2007 UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D. C. 20549 Form 13F Form 13F COVER PAGE Report for the Calendar Year or Quarter Ended: 09/30/2007 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 11/13/2007 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: 115 Form 13f Information Table Value Total: 35757087 (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 1088914 24300700 SH Sole 20070700 4230000 655436 14627000 SH Defined 01 14627000 1120 25000 SH Other 25000 CEMEX S.A.B. de C.V. ADR COM 151290889 1111564 37151207 SH Sole 32900791 4250416 734297 24542000 SH Defined 01 24542000 793 26491 SH Other 26491 Chesapeake Energy Corporation COM 165167107 1119472 31749059 SH Sole 27500059 4249000 629610 17856200 SH Defined 01 17856200 917 26000 SH Other 26000 Comcast Corporation Cl A COM 20030N101 11425 472500 SH Sole 195000 277500 Comcast Corporation Spl Cl A COM 20030N200 253910 10597276 SH Sole 9357944 1239332 232208 9691531 SH Defined 01 9691531 305 12750 SH Other 12750 Del Monte Foods Company COM 24522P103 2154 205150 SH Sole 205150 138325 13173806 SH Defined 01 13173806 Dell Inc. COM 24702R101 2091777 75789011 SH Sole 66441733 9347278 1495383 54180530 SH Defined 01 54180530 1684 61000 SH Other 61000 Dillard's, Inc. COM 254067101 1258 57609 SH Sole 57609 106558 4881281 SH Defined 01 4881281 DIRECTV Group, Inc. COM 25459L106 1307359 53845118 SH Sole 46703917 7141201 553849 22810900 SH Defined 01 22810900 780 32108 SH Other 32108 Discovery Holding Company COM 25468Y107 235628 8167363 SH Sole 7419063 748300 313978 10883124 SH Defined 01 10883124 176 6100 SH Other 6100 EBay Inc. COM 278642103 849459 21769834 SH Sole 19510458 2259376 659050 16890050 SH Defined 01 16890050 702 18000 SH Other 18000 EnCana Corporation COM 292505104 102733 1661000 SH Sole 1661000 201940 3265000 SH Defined 01 3265000 Everest Re Group, Ltd. COM G3223R108 233797 2120800 SH Sole 2014900 105900 163618 1484200 SH Defined 01 1484200 Fair Isaac Corporation COM 303250104 1843 51050 SH Sole 51050 132181 3660500 SH Defined 01 3660500 FedEx Corporation COM 31428X106 382614 3652638 SH Sole 2933638 719000 418853 3998600 SH Defined 01 3998600 684 6533 SH Other 6533 First Horizon National Corpora COM 320517105 640 24000 SH Sole 24000 General Motors Corporation COM 370442105 1000967 27274300 SH Sole 23378600 3895700 522608 14240000 SH Defined 01 14240000 771 21000 SH Other 21000 Hilb Rogal & Hobbs Company COM 431294107 3163 73000 SH Sole 73000 152799 3526400 SH Defined 01 3526400 IDT Corporation COM 448947101 50 6300 SH Sole 6300 3634 459400 SH Defined 01 459400 IDT Corporation Cl B COM 448947309 1310 156550 SH Sole 156550 84816 10133310 SH Defined 01 10133310 IHOP Corp. COM 449623107 24471 386400 SH Sole 287000 99400 188603 2978100 SH Defined 01 2978100 Ingersoll-Rand Company Limited COM G4776G101 285986 5250332 SH Sole 4903332 347000 214122 3931000 SH Defined 01 3931000 Level 3 Communications, Inc. COM 52729N100 808945 173966647 SH Sole 149210000 24756647 937783 201673756 SH Defined 01 201673756 130 28000 SH Other 28000 Liberty Media Corporation Capi COM 53071M302 1300982 10422027 SH Sole 9285927 1136100 779002 6240500 SH Defined 01 6240500 967 7750 SH Other 7750 Liberty Media Corporation Inte COM 53071M104 977500 50884938 SH Sole 44449938 6435000 523110 27231151 SH Defined 01 27231151 716 37250 SH Other 37250 Markel Corporation COM 570535104 629 1300 SH Sole 1300 36143 74676 SH Defined 01 74676 Odyssey Re Holdings Corp. COM 67612W108 61231 1650000 SH Sole 1055000 595000 31313 843800 SH Defined 01 843800 Office Depot, Inc. COM 676220106 27528 1335005 SH Sole 1197227 137778 267676 12981359 SH Defined 01 12981359 Pioneer Natural Resources Comp COM 723787107 505479 11237857 SH Sole 8843357 2394500 575236 12788700 SH Defined 01 12788700 720 16000 SH Other 16000 Potlatch Corporation COM 737630103 2546 56545 SH Sole 56545 166702 3702022 SH Defined 01 3702022 Royal Philips Electronics ADR COM 500472303 885859 19712028 SH Sole 16889428 2822600 203553 4529434 SH Defined 01 4529434 899 20000 SH Other 20000 Ruddick Corporation COM 781258108 1570 46800 SH Sole 46800 161780 4823500 SH Defined 01 4823500 Service Corporation Internatio COM 817565104 3394 263100 SH Sole 263100 215680 16719400 SH Defined 01 16719400 SK Telecom Co. Ltd. ADR COM 78440P108 280902 9457974 SH Sole 8842974 615000 138313 4657000 SH Defined 01 4657000 Sprint Nextel Corporation COM 852061100 502234 26433348 SH Sole 23266248 3167100 305867 16098239 SH Defined 01 16098239 361 19000 SH Other 19000 Sun Microsystems, Inc. COM 866810104 100091 17809700 SH Sole 15505400 2304300 595720 105999986 SH Defined 01 105999986 6 1000 SH Other 1000 Symantec Corporation COM 871503108 447108 23070575 SH Sole 19519575 3551000 180579 9317800 SH Defined 01 9317800 795 41000 SH Other 41000 Telephone and Data Systems, In COM 879433100 130683 1957800 SH Sole 1653000 304800 102181 1530800 SH Defined 01 1530800 400 6000 SH Other 6000 Telephone and Data Systems, In COM 879433860 709568 11444647 SH Sole 9229510 2215137 351304 5666200 SH Defined 01 5666200 372 6000 SH Other 6000 Texas Industries, Inc. COM 882491103 3658 46600 SH Sole 46600 254717 3244800 SH Defined 01 3244800 The Washington Post Company COM 939640108 9225 11491 SH Sole 6205 5286 282720 352167 SH Defined 01 352167 UBS AG (new) COM H89231338 290905 5463000 SH Sole 5383000 80000 72260 1357000 SH Defined 01 1357000 Walt Disney Company COM 254687106 1166486 33919334 SH Sole 28849834 5069500 532694 15489800 SH Defined 01 15489800 997 29000 SH Other 29000 Wendy's International, Inc. COM 950590109 127903 3663800 SH Defined 01 3663800 Willis Group Holdings Limited COM G96655108 206399 5041500 SH Sole 4886500 155000 249693 6099000 SH Defined 01 6099000 Worthington Industries, Inc. COM 981811102 2431 103167 SH Sole 103167 164598 6986314 SH Defined 01 6986314 Yum! Brands, Inc. COM 988498101 681318 20139452 SH Sole 17285128 2854324 771020 22791000 SH Defined 01 22791000 947 28000 SH Other 28000 Fairfax Financial Holdings Lim COM 303901102 456944 1872280 SH Sole 1673280 199000 438327 1796000 SH Defined 01 1796000