13F-HR 1 f13f0612.txt 13F - JUNE 30, 2012 UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D. C. 20549 Form 13F Form 13F COVER PAGE Report for the Calendar Year or Quarter Ended: 06/30/2012 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 08/14/2012 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: 87 Form 13f Information Table Value Total: 23625647 (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 250975 3892900 SH Sole 3121900 771000 369772 5735570 SH Defined 01 5735570 American International Group I COM 026874784 1998 62250 SH Sole 62250 Aon PLC COM G0408V102 774314 16552239 SH Sole 13813539 2738700 488515 10442812 SH Defined 01 10442812 Bank of New York Mellon Corpor COM 064058100 576813 26278485 SH Sole 21694285 4584200 392464 17879895 SH Defined 01 17879895 Berkshire Hathaway Inc. Class COM 084670108 875 7 SH Sole 7 Berkshire Hathaway Inc. Class COM 084670702 170848 2050260 SH Sole 1588460 461800 243824 2926000 SH Defined 01 2926000 CEMEX S.A.B. de C.V. ADR COM 151290889 719105 106850651 SH Sole 86606794 20243857 174397 25913301 SH Defined 01 25913301 Chesapeake Energy Corporation COM 165167107 1158552 62287719 SH Sole 52943247 9344472 509837 27410576 SH Defined 01 27410576 CONSOL Energy Inc. COM 20854P109 405308 13403051 SH Sole 10737261 2665790 380510 12583000 SH Defined 01 12583000 Dell Inc. COM 24702R101 1272441 101713870 SH Sole 86634532 15079338 386284 30878000 SH Defined 01 30878000 DineEquity Inc COM 254423106 5642 126400 SH Sole 78000 48400 132942 2978100 SH Defined 01 2978100 DIRECTV Cl A COM 25490A101 939855 19251433 SH Sole 15910333 3341100 520819 10668141 SH Defined 01 10668141 Everest Re Group Ltd. COM G3223R108 364790 3524883 SH Sole 2815100 709783 138159 1335000 SH Defined 01 1335000 FedEx Corporation COM 31428X106 813947 8884914 SH Sole 7581325 1303589 432674 4723000 SH Defined 01 4723000 Franklin Resources Inc. COM 354613101 186700 1682137 SH Sole 1298600 383537 233335 2102305 SH Defined 01 2102305 General Motors Co WTS 37045V126 190 28000 SH Sole 28000 Ingersoll-Rand PLC COM G47791101 39232 930100 SH Sole 930100 51670 1225000 SH Defined 01 1225000 InterContinental Hotels Group COM 45857P301 308991 12821222 SH Sole 11472772 1348450 7970 330712 SH Defined 01 330712 Lamar Advertising Company COM 512815101 31360 1096500 SH Sole 1035500 61000 175304 6129500 SH Defined 01 6129500 Leucadia National Corporation COM 527288104 103985 4888823 SH Defined 01 4888823 Level 3 Communications Inc. COM 52729N308 605130 27319652 SH Sole 23793624 3526028 473668 21384565 SH Defined 01 21384565 Liberty Interactive Corporatio COM 53071M104 430179 24201325 SH Sole 19505606 4695719 299918 16873000 SH Defined 01 16873000 Loews Corporation COM 540424108 990233 24205157 SH Sole 20177157 4028000 566726 13853000 SH Defined 01 13853000 Madison Square Garden Company COM 55826P100 2190 58500 SH Sole 58500 219750 5869400 SH Defined 01 5869400 Markel Corporation COM 570535104 49356 111742 SH Sole 87401 24341 57443 130049 SH Defined 01 130049 Martin Marietta Materials Inc. COM 573284106 334985 4250003 SH Sole 3731203 518800 155354 1971000 SH Defined 01 1971000 Murphy Oil Corporation COM 626717102 27239 541642 SH Sole 541642 Potlatch Corporation COM 737630103 1570 49142 SH Sole 49142 88513 2771221 SH Defined 01 2771221 Quicksilver Resources Inc. COM 74837R104 1398 258000 SH Sole 258000 133262 24587000 SH Defined 01 24587000 Royal Philips Electronics ADR COM 500472303 447445 22747582 SH Sole 18815972 3931610 67390 3426019 SH Defined 01 3426019 Saks Incorporated COM 79377W108 46759 4390500 SH Sole 4226000 164500 152433 14313000 SH Defined 01 14313000 Scripps Networks Interactive COM 811065101 11912 209500 SH Sole 184100 25400 138909 2442995 SH Defined 01 2442995 Service Corporation Internatio COM 817565104 191301 15464935 SH Sole 12422035 3042900 215875 17451523 SH Defined 01 17451523 Texas Industries Inc. COM 882491103 26636 682800 SH Sole 619300 63500 292995 7510757 SH Defined 01 7510757 The Travelers Companies Inc. COM 89417E109 931975 14598600 SH Sole 13023100 1575500 362316 5675370 SH Defined 01 5675370 The Washington Post Company COM 939640108 44937 120210 SH Sole 115310 4900 159995 428000 SH Defined 01 428000 tw telecom inc. COM 87311L104 257633 10040266 SH Sole 8827766 1212500 155192 6048000 SH Defined 01 6048000 Vail Resorts Inc. COM 91879Q109 12458 248758 SH Sole 211758 37000 166115 3317000 SH Defined 01 3317000 Vodafone Group Plc ADR COM 92857W209 78239 2776419 SH Sole 2410419 366000 34267 1215997 SH Defined 01 1215997 Vulcan Materials Company COM 929160109 81142 2043368 SH Sole 1525268 518100 401865 10120000 SH Defined 01 10120000 Walt Disney Company COM 254687106 828056 17073318 SH Sole 14161818 2911500 382034 7877000 SH Defined 01 7877000 Wendy's Company COM 95058W100 31458 6664800 SH Sole 6664800 131485 27857000 SH Defined 01 27857000 Willis Group Holdings PLC COM G96666105 88042 2412779 SH Sole 1866579 546200 242007 6632143 SH Defined 01 6632143 CEMEX Convertible Bond 3.25 3/ CONV 151290BB8 33703 39476000 PRN Sole 39476000 219609 257229000 PRN Defined 01 257229000 CEMEX Convertible Bond 3.75 3/ CONV 151290BC6 15195 18063000 PRN Sole 18063000 156293 185787000 PRN Defined 01 185787000 CEMEX Convertible Bond 4.875 3 CONV 151290AV5 7329 8400000 PRN Sole 8400000 Level 3 Communications Inc. Co CONV 52729NBR0 11336 8000000 PRN Sole 8000000