13F-HR 1 f13f1207.txt 13F DECEMBER 31, 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: 12/31/2007 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 02/13/2008 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: 123 Form 13f Information Table Value Total: 34326069 (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 312 6800 SH Sole 6800 Aon Corporation COM 037389103 895677 18781233 SH Sole 15579733 3201500 556451 11668090 SH Defined 01 11668090 1001 21000 SH Other 21000 CEMEX S.A.B. de C.V. ADR COM 151290889 968142 37452298 SH Sole 32522005 4930293 634411 24542000 SH Defined 01 24542000 685 26491 SH Other 26491 Chesapeake Energy Corporation COM 165167107 1235508 31518059 SH Sole 27269059 4249000 699963 17856200 SH Defined 01 17856200 1019 26000 SH Other 26000 Comcast Corporation Cl A COM 20030N101 8628 472500 SH Sole 195000 277500 Comcast Corporation Spl Cl A COM 20030N200 190761 10527676 SH Sole 9288344 1239332 175611 9691531 SH Defined 01 9691531 231 12750 SH Other 12750 Del Monte Foods Company COM 24522P103 2201 232663 SH Sole 232663 148761 15725283 SH Defined 01 15725283 Dell Inc. COM 24702R101 1701558 69423011 SH Sole 59465012 9957999 1201150 49006530 SH Defined 01 49006530 1176 48000 SH Other 48000 Dillard's Inc. COM 254067101 2540 135240 SH Sole 135240 169973 9050748 SH Defined 01 9050748 DIRECTV Group Inc. COM 25459L106 1235850 53453714 SH Sole 45202513 8251201 527388 22810900 SH Defined 01 22810900 742 32108 SH Other 32108 Discovery Holding Company COM 25468Y107 130122 5175879 SH Sole 4884179 291700 88405 3516505 SH Defined 01 3516505 153 6100 SH Other 6100 EBay Inc. COM 278642103 912681 27498678 SH Sole 23794103 3704575 560581 16890050 SH Defined 01 16890050 597 18000 SH Other 18000 EnCana Corporation COM 292505104 8882 130700 SH Sole 130700 187366 2757000 SH Defined 01 2757000 Everest Re Group Ltd. COM G3223R108 272194 2711100 SH Sole 2464700 246400 154726 1541100 SH Defined 01 1541100 Fair Isaac Corporation COM 303250104 2443 76000 SH Sole 76000 171096 5321810 SH Defined 01 5321810 FedEx Corporation COM 31428X106 375052 4206038 SH Sole 3459038 747000 356555 3998600 SH Defined 01 3998600 583 6533 SH Other 6533 General Motors Corporation COM 370442105 677140 27205300 SH Sole 23149600 4055700 354434 14240000 SH Defined 01 14240000 523 21000 SH Other 21000 Hilb Rogal & Hobbs Company COM 431294107 2962 73000 SH Sole 73000 143066 3526400 SH Defined 01 3526400 IDT Corporation COM 448947101 50 6300 SH Sole 6300 3629 459400 SH Defined 01 459400 IDT Corporation Cl B COM 448947309 1323 156550 SH Sole 156550 85626 10133310 SH Defined 01 10133310 IHOP Corp. COM 449623107 12159 332400 SH Sole 233000 99400 108939 2978100 SH Defined 01 2978100 Ingersoll-Rand Company Limited COM G4776G101 252115 5425332 SH Sole 5078332 347000 182674 3931000 SH Defined 01 3931000 Kyocera Corporation ADR COM 501556203 2617 30000 SH Sole 30000 Level 3 Communications Inc. COM 52729N100 694183 228349511 SH Sole 184948331 43401180 626388 206048754 SH Defined 01 206048754 112 37000 SH Other 37000 Liberty Media Corporation Capi COM 53071M302 1224143 10508567 SH Sole 9253717 1254850 726956 6240500 SH Defined 01 6240500 903 7750 SH Other 7750 Liberty Media Corporation Inte COM 53071M104 966052 50631638 SH Sole 43602888 7028750 519570 27231151 SH Defined 01 27231151 711 37250 SH Other 37250 Limited Brands Inc. COM 532716107 233877 12354859 SH Sole 12036184 318675 53279 2814547 SH Defined 01 2814547 Markel Corporation COM 570535104 814 1658 SH Sole 1658 61687 125610 SH Defined 01 125610 Odyssey Re Holdings Corp. COM 67612W108 60571 1650000 SH Sole 1055000 595000 30976 843800 SH Defined 01 843800 Office Depot Inc. COM 676220106 22785 1638005 SH Sole 1465227 172778 180571 12981359 SH Defined 01 12981359 Pioneer Natural Resources Comp COM 723787107 545438 11167857 SH Sole 8773357 2394500 618422 12662200 SH Defined 01 12662200 781 16000 SH Other 16000 Potlatch Corporation COM 737630103 2513 56545 SH Sole 56545 164518 3702022 SH Defined 01 3702022 Royal Philips Electronics ADR COM 500472303 805689 18846528 SH Sole 16120928 2725600 193633 4529434 SH Defined 01 4529434 855 20000 SH Other 20000 Ruddick Corporation COM 781258108 1623 46800 SH Sole 46800 167231 4823500 SH Defined 01 4823500 Service Corporation Internatio COM 817565104 2727 194100 SH Sole 194100 193404 13765400 SH Defined 01 13765400 SK Telecom Co. Ltd. ADR COM 78440P108 268187 8987506 SH Sole 8054706 932800 121496 4071568 SH Defined 01 4071568 Sprint Nextel Corporation COM 852061100 343551 26165348 SH Sole 22998248 3167100 211370 16098239 SH Defined 01 16098239 249 19000 SH Other 19000 Sun Microsystems Inc. COM 866810203 165422 9124225 SH Sole 8182150 942075 480445 26499996 SH Defined 01 26499996 77 4250 SH Other 4250 Symantec Corporation COM 871503108 616502 38197175 SH Sole 31985175 6212000 180942 11210800 SH Defined 01 11210800 662 41000 SH Other 41000 Telephone and Data Systems Inc COM 879433100 115027 1837500 SH Sole 1602700 234800 95828 1530800 SH Defined 01 1530800 376 6000 SH Other 6000 Telephone and Data Systems Inc COM 879433860 653043 11337547 SH Sole 9167410 2170137 326373 5666200 SH Defined 01 5666200 346 6000 SH Other 6000 Texas Industries Inc. COM 882491103 3267 46600 SH Sole 46600 227460 3244800 SH Defined 01 3244800 The First American Corporation COM 318522307 1548 45365 SH Sole 45365 99239 2908517 SH Defined 01 2908517 The Washington Post Company COM 939640108 9094 11491 SH Sole 6205 5286 278716 352167 SH Defined 01 352167 UBS AG (new) COM H89231338 1127455 24509900 SH Sole 20833600 3676300 598248 13005400 SH Defined 01 13005400 460 10000 SH Other 10000 Walgreen Co. COM 931422109 32402 850900 SH Sole 381000 469900 373881 9818305 SH Defined 01 9818305 Walt Disney Company COM 254687106 1085077 33614534 SH Sole 27963034 5651500 500011 15489800 SH Defined 01 15489800 936 29000 SH Other 29000 Wendy's International Inc. COM 950590109 147039 5690372 SH Defined 01 5690372 Willis Group Holdings Limited COM G96655108 191426 5041500 SH Sole 4546500 495000 231579 6099000 SH Defined 01 6099000 Worthington Industries Inc. COM 981811102 2278 127400 SH Sole 127400 144450 8078838 SH Defined 01 8078838 Yum! Brands Inc. COM 988498101 619938 16199056 SH Sole 14075732 2123324 684813 17894252 SH Defined 01 17894252 995 26000 SH Other 26000 Fairfax Financial Holdings Lim COM 303901102 439322 1510762 SH Sole 1257677 253085 437693 1505160 SH Defined 01 1505160