13F-HR 1 f13f0608.txt 13F JUNE 30, 2008 UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D. C. 20549 Form 13F Form 13F COVER PAGE Report for the Calendar Year or Quarter Ended: 06/30/2008 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 08/13/2008 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: 106 Form 13f Information Table Value Total: 32240822 (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 ------------------------------ ---------------- --------- -------- -------- --- ---- ------- ------------ -------- -------- -------- Allied Irish Banks plc ADR COM 019228402 10185 330800 SH Sole 247800 83000 Aon Corporation COM 037389103 743122 16175933 SH Sole 13368433 2807500 536032 11668090 SH Defined 01 11668090 965 21000 SH Other 21000 CEMEX S.A.B. de C.V. ADR COM 151290889 1093371 44266016 SH Sole 37745386 6520630 629615 25490505 SH Defined 01 25490505 678 27450 SH Other 27450 Chesapeake Energy Corporation COM 165167107 1449098 21969341 SH Sole 18990341 2979000 917781 13914200 SH Defined 01 13914200 1121 17000 SH Other 17000 Del Monte Foods Company COM 24522P103 1652 232663 SH Sole 232663 111650 15725283 SH Defined 01 15725283 Dell Inc. COM 24702R101 1774753 81113011 SH Sole 68144812 12968199 1242170 56771917 SH Defined 01 56771917 1138 52000 SH Other 52000 Dillard's Inc. COM 254067101 1759 152000 SH Sole 152000 104717 9050748 SH Defined 01 9050748 DineEquity Inc COM 254423106 8458 226400 SH Sole 127000 99400 111262 2978100 SH Defined 01 2978100 DIRECTV Group Inc. COM 25459L106 953376 36795674 SH Sole 30127166 6668508 339343 13097000 SH Defined 01 13097000 573 22108 SH Other 22108 Discovery Holding Company COM 25468Y107 419 19100 SH Sole 19100 77222 3516505 SH Defined 01 3516505 EBay Inc. COM 278642103 833461 30496179 SH Sole 25884803 4611376 489290 17903050 SH Defined 01 17903050 640 23400 SH Other 23400 Everest Re Group Ltd. COM G3223R108 330637 4148000 SH Sole 3543500 604500 122841 1541100 SH Defined 01 1541100 Fair Isaac Corporation COM 303250104 1994 96000 SH Sole 96000 132151 6362600 SH Defined 01 6362600 FedEx Corporation COM 31428X106 589207 7478192 SH Sole 6188192 1290000 500435 6351501 SH Defined 01 6351501 567 7200 SH Other 7200 General Motors Corporation COM 370442105 349557 30396268 SH Sole 24587568 5808700 163760 14240000 SH Defined 01 14240000 241 21000 SH Other 21000 IDT Corporation COM 448947101 10 6300 SH Sole 6300 670 443400 SH Defined 01 443400 IDT Corporation Cl B COM 448947309 13930 8194233 SH Defined 01 8194233 Ingersoll-Rand Company Limited COM G4776G101 403606 10782947 SH Sole 9505147 1277800 188947 5048000 SH Defined 01 5048000 Kyocera Corporation ADR COM 501556203 8747 93000 SH Sole 49000 44000 Level 3 Communications Inc. COM 52729N100 728206 246849596 SH Sole 201024416 45825180 607844 206048754 SH Defined 01 206048754 109 37000 SH Other 37000 Liberty Media Corp Entertainme COM 53071M500 1496823 61775622 SH Sole 53203722 8571900 826364 34105000 SH Defined 01 34105000 981 40500 SH Other 40500 Liberty Media Corporation Inte COM 53071M104 966738 65497160 SH Sole 55177410 10319750 565148 38289181 SH Defined 01 38289181 657 44500 SH Other 44500 Markel Corporation COM 570535104 2287 6231 SH Sole 6231 138878 378415 SH Defined 01 378415 Odyssey Re Holdings Corp. COM 67612W108 57510 1620000 SH Sole 1025000 595000 29955 843800 SH Defined 01 843800 Office Depot Inc. COM 676220106 20283 1854005 SH Sole 1681227 172778 141145 12901759 SH Defined 01 12901759 Pioneer Natural Resources Comp COM 723787107 819416 10467757 SH Sole 8205257 2262500 991197 12662200 SH Defined 01 12662200 1252 16000 SH Other 16000 Potlatch Corporation COM 737630103 2551 56545 SH Sole 56545 151955 3367787 SH Defined 01 3367787 Royal Philips Electronics ADR COM 500472303 639638 18924205 SH Sole 16228605 2695600 153095 4529434 SH Defined 01 4529434 676 20000 SH Other 20000 Ruddick Corporation COM 781258108 1606 46800 SH Sole 46800 149695 4363000 SH Defined 01 4363000 Service Corporation Internatio COM 817565104 1914 194100 SH Sole 194100 140832 14283178 SH Defined 01 14283178 SK Telecom Co. Ltd. ADR COM 78440P108 311021 14974546 SH Sole 12561246 2413300 104381 5025568 SH Defined 01 5025568 Sun Microsystems Inc. COM 866810203 554778 50990657 SH Sole 43532932 7457725 489173 44960789 SH Defined 01 44960789 461 42350 SH Other 42350 Symantec Corporation COM 871503108 794161 41041897 SH Sole 34254897 6787000 227455 11754800 SH Defined 01 11754800 793 41000 SH Other 41000 Telephone and Data Systems Inc COM 879433100 78421 1659000 SH Sole 1424200 234800 72361 1530800 SH Defined 01 1530800 284 6000 SH Other 6000 Telephone and Data Systems Inc COM 879433860 466989 10589317 SH Sole 8444180 2145137 249879 5666200 SH Defined 01 5666200 265 6000 SH Other 6000 Texas Industries Inc. COM 882491103 2616 46600 SH Sole 46600 182131 3244800 SH Defined 01 3244800 The Washington Post Company COM 939640108 44893 76491 SH Sole 71205 5286 206687 352167 SH Defined 01 352167 UBS AG (new) COM H89231338 597224 28907270 SH Sole 24759455 4147815 361632 17503960 SH Defined 01 17503960 304 14700 SH Other 14700 Walgreen Co. COM 931422109 206786 6360700 SH Sole 5026800 1333900 416583 12814000 SH Defined 01 12814000 Walt Disney Company COM 254687106 974842 31244934 SH Sole 25660434 5584500 483282 15489800 SH Defined 01 15489800 905 29000 SH Other 29000 Wendy's International Inc. COM 950590109 151044 5549000 SH Defined 01 5549000 Willis Group Holdings Limited COM G96655108 142122 4530500 SH Sole 3970500 560000 250355 7980708 SH Defined 01 7980708 Worthington Industries Inc. COM 981811102 2612 127400 SH Sole 127400 164705 8034400 SH Defined 01 8034400 Yum! Brands Inc. COM 988498101 497737 14184578 SH Sole 12343254 1841324 627909 17894252 SH Defined 01 17894252 912 26000 SH Other 26000 Fairfax Financial Holdings Lim COM 303901102 345989 1344916 SH Sole 1156831 188085 351226 1365275 SH Defined 01 1365275