13F-HR 1 f13f0611.txt 13F - JUNE 30, 2011 UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D. C. 20549 Form 13F Form 13F COVER PAGE Report for the Calendar Year or Quarter Ended: 06/30/2011 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 08/12/2011 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: 83 Form 13f Information Table Value Total: 25566436 (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 ------------------------------ ---------------- --------- -------- -------- --- ---- ------- ------------ -------- -------- -------- Abbott Laboratories COM 002824100 49410 939000 SH Sole 659000 280000 69298 1316960 SH Defined 01 1316960 Aon Corporation COM 037389103 607072 11833770 SH Sole 9346770 2487000 535716 10442812 SH Defined 01 10442812 Bank of New York Mellon Corpor COM 064058100 495483 19339685 SH Sole 15858685 3481000 387295 15116895 SH Defined 01 15116895 Campbell Soup Company COM 134429109 304780 8821426 SH Sole 7254426 1567000 331479 9594179 SH Defined 01 9594179 CEMEX S.A.B. de C.V. ADR COM 151290889 857949 99761520 SH Sole 81340621 18420899 516141 60016380 SH Defined 01 60016380 Chesapeake Energy Corporation COM 165167107 1772108 59687035 SH Sole 50514912 9172123 813820 27410576 SH Defined 01 27410576 Dell Inc. COM 24702R101 1825605 109514412 SH Sole 92410474 17103938 671481 40280800 SH Defined 01 40280800 Dillard's Inc. COM 254067101 2472 47407 SH Sole 47407 191832 3679180 SH Defined 01 3679180 DineEquity Inc COM 254423106 8018 153400 SH Sole 105000 48400 155665 2978100 SH Defined 01 2978100 DIRECTV Cl A COM 25490A101 1288996 25363959 SH Sole 20929359 4434600 572088 11257141 SH Defined 01 11257141 Everest Re Group Ltd. COM G3223R108 321579 3933683 SH Sole 3030200 903483 109136 1335000 SH Defined 01 1335000 Expedia Inc. COM 30212P105 1352 46621 SH Sole 46621 122230 4216297 SH Defined 01 4216297 Fair Isaac Corporation COM 303250104 33257 1101235 SH Sole 490816 610419 81804 2708740 SH Defined 01 2708740 FedEx Corporation COM 31428X106 412565 4349654 SH Sole 3542254 807400 348064 3669629 SH Defined 01 3669629 Global Crossing Ltd. COM G3921A175 277104 7220011 SH Sole 6384011 836000 7457 194300 SH Defined 01 194300 Lamar Advertising Company COM 512815101 1656 60500 SH Sole 60500 134316 4907435 SH Defined 01 4907435 Level 3 Communications Inc. COM 52729N100 523927 214724257 SH Sole 176842681 37881576 524329 214888754 SH Defined 01 214888754 Liberty Media Corporation Inte COM 53071M104 561434 33478463 SH Sole 26965994 6512469 410198 24460224 SH Defined 01 24460224 Lockheed Martin Corporation COM 539830109 16356 202000 SH Sole 119000 83000 63490 784117 SH Defined 01 784117 Loews Corporation COM 540424108 939485 22320865 SH Sole 18479865 3841000 444849 10569000 SH Defined 01 10569000 Madison Square Garden Company COM 55826P100 1115 40500 SH Sole 40500 50671 1840585 SH Defined 01 1840585 Markel Corporation COM 570535104 174394 439490 SH Sole 350017 89473 139535 351642 SH Defined 01 351642 Martin Marietta Materials Inc. COM 573284106 234230 2928970 SH Sole 2389670 539300 118196 1478000 SH Defined 01 1478000 News Corporation - Class A COM 65248E104 588567 33252354 SH Sole 28900354 4352000 495388 27988000 SH Defined 01 27988000 Potlatch Corporation COM 737630103 1345 38142 SH Sole 38142 94839 2688952 SH Defined 01 2688952 Royal Philips Electronics ADR COM 500472303 296550 11547899 SH Sole 9358099 2189800 87485 3406731 SH Defined 01 3406731 Ruddick Corporation COM 781258108 958 22000 SH Sole 22000 92068 2114562 SH Defined 01 2114562 Service Corporation Internatio COM 817565104 178605 15291484 SH Sole 11936584 3354900 203834 17451523 SH Defined 01 17451523 Telephone and Data Systems Inc COM 879433860 67600 2510228 SH Sole 1965380 544848 118208 4389469 SH Defined 01 4389469 Texas Industries Inc. COM 882491103 19878 477500 SH Sole 414000 63500 227508 5465000 SH Defined 01 5465000 The Travelers Companies Inc. COM 89417E109 430588 7375600 SH Sole 6286600 1089000 443011 7588400 SH Defined 01 7588400 The Washington Post Company COM 939640108 32385 77301 SH Sole 73115 4186 121077 289000 SH Defined 01 289000 tw telecom inc. COM 87311L104 342010 16659029 SH Sole 14107252 2551777 228912 11150100 SH Defined 01 11150100 Vail Resorts Inc. COM 91879Q109 1479 32000 SH Sole 32000 123805 2678600 SH Defined 01 2678600 Vodafone Group Plc ADR COM 92857W209 162477 6080719 SH Sole 5176719 904000 44923 1681235 SH Defined 01 1681235 Vulcan Materials Company COM 929160109 35449 920044 SH Sole 689944 230100 207170 5376856 SH Defined 01 5376856 Walt Disney Company COM 254687106 682738 17488158 SH Sole 14092858 3395300 334300 8563000 SH Defined 01 8563000 Wendy's/Arby's Group Inc. COM 950587105 150604 29705000 SH Defined 01 29705000 Willis Group Holdings PLC COM G96666105 218058 5304255 SH Sole 4278255 1026000 355314 8643000 SH Defined 01 8643000 Yum! Brands Inc. COM 988498101 914222 16550000 SH Sole 13752000 2798000 537733 9734483 SH Defined 01 9734483 Level 3 Communications Inc. Co CONV 52729NBM1 163601 100062000 PRN Defined 01 100062000 Level 3 Communications Inc. Co CONV 52729NBR0 16958 8000000 PRN Sole 8000000 Shanda Interactive Convertible CONV 81941QAD6 12873 11097000 PRN Sole 11097000 24479 21103000 PRN Defined 01 21103000