SOUTHEASTERN ASSET MANAGEMENT INC/TN/ Long-Term Concentrated

CIK: 0000807985 · Show all filings

Period: Q4 2025 (← Previous)

Filing Date: Feb 13, 2026

Total Value ($000): $2,245,173 (100.0% shares, 0.0% debt)

Holdings (53)

New Positions (4)

MICC MAGNUM ICE CREAM CO NV 1.0%

Value ($000) $22,671 Shares 1,430,351 Est. Cost $15.68 Unrealized 0.0%

LPX LOUISIANA PAC CORP 1.0%

Value ($000) $21,977 Shares 272,123 Est. Cost $84.49 Unrealized 0.0%

EDU NEW ORIENTAL ED & TECHNOLOGY 0.9%

Value ($000) $20,887 Shares 379,561 Est. Cost $55.03 Unrealized —

FISV FISERV INC 0.0%

Value ($000) $268 Shares 3,990 Est. Cost $83.87 Unrealized 0.0%

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
MICC	MAGNUM ICE CREAM CO NV	1,430,351	$22,671	1.0%	$15.68	0.0%	ORD SHS	N5505D105
LPX	LOUISIANA PAC CORP	272,123	$21,977	1.0%	$84.49	0.0%	COM	546347105
EDU	NEW ORIENTAL ED & TECHNOLOGY	379,561	$20,887	0.9%	$55.03	—	SPON ADR	647581206
FISV	FISERV INC	3,990	$268	0.0%	$83.87	0.0%	COM	337738108

Increased Positions (19)

IAC IAC INC 6.9%

Value ($000) $155,983 (+65.4%) Shares 3,989,340 (+44.1%) Est. Cost $64.37 Unrealized -45.6%

REGN REGENERON PHARMACEUTICALS 5.7%

Value ($000) $127,970 (+57.4%) Shares 165,792 (+14.7%) Est. Cost $651.85 Unrealized +4.1%

PCH POTLATCHDELTIC CORPORATION 5.6%

Value ($000) $125,823 (+44.8%) Shares 3,162,963 (+48.4%) Est. Cost $41.90 Unrealized —

MAT MATTEL INC 7.6%

Value ($000) $170,035 (+23.8%) Shares 8,570,328 (+5.0%) Est. Cost $17.49 Unrealized +10.5%

ACI ALBERTSONS COS INC 4.7%

Value ($000) $105,882 (+22.3%) Shares 6,166,712 (+24.7%) Est. Cost $18.47 Unrealized -4.5%

GLIBK GCI LIBERTY INC 2.2%

Value ($000) $49,159 (+52.7%) Shares 1,321,110 (+53.0%) Est. Cost $35.21 Unrealized -0.3%

KHC KRAFT HEINZ CO 4.8%

Value ($000) $108,837 (+14.9%) Shares 4,488,116 (+23.4%) Est. Cost $28.45 Unrealized -13.4%

MGM MGM RESORTS INTERNATIONAL 3.3%

Value ($000) $74,198 (+22.5%) Shares 2,033,369 (+16.3%) Est. Cost $26.90 Unrealized +26.1%

ACMR ACM RESH INC 3.0%

Value ($000) $66,283 (+14.0%) Shares 1,680,181 (+13.1%) Est. Cost $25.48 Unrealized +46.2%

SAM BOSTON BEER INC 1.3%

Value ($000) $28,879 (+25.0%) Shares 147,997 (+35.5%) Est. Cost $302.92 Unrealized -31.9%

FBIN FORTUNE BRANDS INNOVATIONS I 2.6%

Value ($000) $58,929 (+8.7%) Shares 1,178,103 (+16.0%) Est. Cost $51.18 Unrealized -2.7%

CLW CLEARWATER PAPER CORP 1.1%

Value ($000) $24,028 (+23.4%) Shares 1,380,930 (+47.2%) Est. Cost $24.26 Unrealized -24.0%

KSPI KASPI KZ JSC 0.8%

Value ($000) $18,800 (+29.0%) Shares 240,628 (+34.8%) Est. Cost $83.14 Unrealized —

ESRT EMPIRE ST RLTY TR INC 1.1%

Value ($000) $24,152 (+19.9%) Shares 3,704,236 (+40.8%) Est. Cost $7.79 Unrealized —

RYN RAYONIER INC 5.5%

Value ($000) $122,949 (+3.0%) Shares 5,678,941 (+26.3%) Est. Cost $25.52 Unrealized —

DIS DISNEY WALT CO 1.6%

Value ($000) $36,085 (+10.2%) Shares 317,175 (+11.0%) Est. Cost $103.47 Unrealized +5.9%

TRIP TRIPADVISOR INC 1.8%

Value ($000) $41,325 (+8.4%) Shares 2,838,257 (+21.0%) Est. Cost $14.96 Unrealized +1.7%

GHC GRAHAM HLDGS CO 1.7%

Value ($000) $39,243 (-5.7%) Shares 35,721 (+1.0%) Est. Cost $445.62 Unrealized +139.4%

SHEN SHENANDOAH TELECOMMUNICATION 1.5%

Value ($000) $33,990 (+3.5%) Shares 2,940,296 (+20.1%) Est. Cost $12.31 Unrealized -4.0%

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
IAC	IAC INC	3,989,340 (+44.1%)	$155,983 (+65.4%)	6.9%	$64.37	-45.6%	COM NEW	44891N208
REGN	REGENERON PHARMACEUTICALS	165,792 (+14.7%)	$127,970 (+57.4%)	5.7%	$651.85	+4.1%	COM	75886F107
PCH	POTLATCHDELTIC CORPORATION	3,162,963 (+48.4%)	$125,823 (+44.8%)	5.6%	$41.90	—	COM	737630103
MAT	MATTEL INC	8,570,328 (+5.0%)	$170,035 (+23.8%)	7.6%	$17.49	+10.5%	COM	577081102
ACI	ALBERTSONS COS INC	6,166,712 (+24.7%)	$105,882 (+22.3%)	4.7%	$18.47	-4.5%	COMMON STOCK	013091103
GLIBK	GCI LIBERTY INC	1,321,110 (+53.0%)	$49,159 (+52.7%)	2.2%	$35.21	-0.3%	COM SER C	36164V800
KHC	KRAFT HEINZ CO	4,488,116 (+23.4%)	$108,837 (+14.9%)	4.8%	$28.45	-13.4%	COM	500754106
MGM	MGM RESORTS INTERNATIONAL	2,033,369 (+16.3%)	$74,198 (+22.5%)	3.3%	$26.90	+26.1%	COM	552953101
ACMR	ACM RESH INC	1,680,181 (+13.1%)	$66,283 (+14.0%)	3.0%	$25.48	+46.2%	COM CL A	00108J109
SAM	BOSTON BEER INC	147,997 (+35.5%)	$28,879 (+25.0%)	1.3%	$302.92	-31.9%	CL A	100557107
FBIN	FORTUNE BRANDS INNOVATIONS I	1,178,103 (+16.0%)	$58,929 (+8.7%)	2.6%	$51.18	-2.7%	COM	34964C106
CLW	CLEARWATER PAPER CORP	1,380,930 (+47.2%)	$24,028 (+23.4%)	1.1%	$24.26	-24.0%	COM	18538R103
KSPI	KASPI KZ JSC	240,628 (+34.8%)	$18,800 (+29.0%)	0.8%	$83.14	—	SPONSORED ADS	48581R205
ESRT	EMPIRE ST RLTY TR INC	3,704,236 (+40.8%)	$24,152 (+19.9%)	1.1%	$7.79	—	CL A	292104106
RYN	RAYONIER INC	5,678,941 (+26.3%)	$122,949 (+3.0%)	5.5%	$25.52	—	COM	754907103
DIS	DISNEY WALT CO	317,175 (+11.0%)	$36,085 (+10.2%)	1.6%	$103.47	+5.9%	COM	254687106
TRIP	TRIPADVISOR INC	2,838,257 (+21.0%)	$41,325 (+8.4%)	1.8%	$14.96	+1.7%	COM	896945201
GHC	GRAHAM HLDGS CO	35,721 (+1.0%)	$39,243 (-5.7%)	1.7%	$445.62	+139.4%	COM CL B	384637104
SHEN	SHENANDOAH TELECOMMUNICATION	2,940,296 (+20.1%)	$33,990 (+3.5%)	1.5%	$12.31	-4.0%	COM	82312B106

Decreased Positions (19)

PVH PVH CORPORATION 2.2%

Value ($000) $49,389 (-37.0%) Shares 736,935 (-21.2%) Est. Cost $77.95 Unrealized +0.3%

AVTR AVANTOR INC 1.8%

Value ($000) $40,666 (-36.7%) Shares 3,548,518 (-31.1%) Est. Cost $12.88 Unrealized -4.5%

HTHT H WORLD GROUP LTD 0.5%

Value ($000) $10,886 (-68.3%) Shares 231,372 (-73.6%) Est. Cost $37.82 Unrealized —

SN SHARKNINJA INC 1.4%

Value ($000) $32,369 (-38.2%) Shares 289,266 (-43.0%) Est. Cost $49.37 Unrealized +99.6%

FDX FEDEX CORP 4.6%

Value ($000) $103,736 (+17.5%) Shares 359,122 (-4.1%) Est. Cost $168.31 Unrealized +55.4%

MLCO MELCO RESORTS AND ENTMNT LTD 0.6%

Value ($000) $13,605 (-26.2%) Shares 1,797,254 (-10.6%) Est. Cost $7.44 Unrealized —

BIO BIO RAD LABS INC 3.1%

Value ($000) $68,970 (+3.7%) Shares 227,630 (-4.1%) Est. Cost $392.63 Unrealized -20.5%

HDB HDFC BANK LTD 0.0%

Value ($000) $382 (-77.6%) Shares 10,462 (-79.0%) Est. Cost $52.95 Unrealized —

ACH OWENS & MINOR INC NEW 0.0%

Value ($000) $509 (-52.6%) Shares 181,735 (-18.7%) Est. Cost $6.93 Unrealized -48.4%

LYV LIVE NATION ENTERTAINMENT IN 0.1%

Value ($000) $1,202 (-29.1%) Shares 8,434 (-18.7%) Est. Cost $76.90 Unrealized +86.9%

ENOV ENOVIS CORPORATION 0.1%

Value ($000) $1,179 (-28.6%) Shares 44,258 (-18.7%) Est. Cost $42.10 Unrealized -29.8%

LAZ LAZARD INC 0.0%

Value ($000) $904 (-25.1%) Shares 18,608 (-18.6%) Est. Cost $38.97 Unrealized +28.1%

XPO XPO INC 0.1%

Value ($000) $1,768 (-14.4%) Shares 13,012 (-18.6%) Est. Cost $56.93 Unrealized +139.3%

RXO RXO INC 0.0%

Value ($000) $553 (-33.4%) Shares 43,731 (-19.0%) Est. Cost $18.32 Unrealized -19.5%

H HYATT HOTELS CORP 0.1%

Value ($000) $1,240 (-8.1%) Shares 7,733 (-18.7%) Est. Cost $69.23 Unrealized +121.2%

CAH CARDINAL HEALTH INC 0.1%

Value ($000) $1,777 (+6.4%) Shares 8,649 (-18.7%) Est. Cost $57.76 Unrealized +225.0%

HSIC HENRY SCHEIN INC 0.1%

Value ($000) $1,288 (-7.4%) Shares 17,038 (-18.7%) Est. Cost $69.20 Unrealized +1.7%

MSGS MADISON SQUARE GRDN SPRT COR 0.0%

Value ($000) $832 (-9.0%) Shares 3,218 (-20.1%) Est. Cost $180.96 Unrealized +25.8%

AMG AFFILIATED MANAGERS GROUP IN 0.1%

Value ($000) $1,603 (-1.7%) Shares 5,562 (-18.7%) Est. Cost $134.10 Unrealized +92.7%

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
PVH	PVH CORPORATION	736,935 (-21.2%)	$49,389 (-37.0%)	2.2%	$77.95	+0.3%	COM	693656100
AVTR	AVANTOR INC	3,548,518 (-31.1%)	$40,666 (-36.7%)	1.8%	$12.88	-4.5%	COM	05352A100
HTHT	H WORLD GROUP LTD	231,372 (-73.6%)	$10,886 (-68.3%)	0.5%	$37.82	—	SPONSORED ADS	44332N106
SN	SHARKNINJA INC	289,266 (-43.0%)	$32,369 (-38.2%)	1.4%	$49.37	+99.6%	COM SHS	G8068L108
FDX	FEDEX CORP	359,122 (-4.1%)	$103,736 (+17.5%)	4.6%	$168.31	+55.4%	COM	31428X106
MLCO	MELCO RESORTS AND ENTMNT LTD	1,797,254 (-10.6%)	$13,605 (-26.2%)	0.6%	$7.44	—	ADR	585464100
BIO	BIO RAD LABS INC	227,630 (-4.1%)	$68,970 (+3.7%)	3.1%	$392.63	-20.5%	CL A	090572207
HDB	HDFC BANK LTD	10,462 (-79.0%)	$382 (-77.6%)	0.0%	$52.95	—	SPONSORED ADS	40415F101
ACH	OWENS & MINOR INC NEW	181,735 (-18.7%)	$509 (-52.6%)	0.0%	$6.93	-48.4%	COM	690732102
LYV	LIVE NATION ENTERTAINMENT IN	8,434 (-18.7%)	$1,202 (-29.1%)	0.1%	$76.90	+86.9%	COM	538034109
ENOV	ENOVIS CORPORATION	44,258 (-18.7%)	$1,179 (-28.6%)	0.1%	$42.10	-29.8%	COM	194014502
LAZ	LAZARD INC	18,608 (-18.6%)	$904 (-25.1%)	0.0%	$38.97	+28.1%	COM	52110M109
XPO	XPO INC	13,012 (-18.6%)	$1,768 (-14.4%)	0.1%	$56.93	+139.3%	COM	983793100
RXO	RXO INC	43,731 (-19.0%)	$553 (-33.4%)	0.0%	$18.32	-19.5%	COMMON STOCK	74982T103
H	HYATT HOTELS CORP	7,733 (-18.7%)	$1,240 (-8.1%)	0.1%	$69.23	+121.2%	COM CL A	448579102
CAH	CARDINAL HEALTH INC	8,649 (-18.7%)	$1,777 (+6.4%)	0.1%	$57.76	+225.0%	COM	14149Y108
HSIC	HENRY SCHEIN INC	17,038 (-18.7%)	$1,288 (-7.4%)	0.1%	$69.20	+1.7%	COM	806407102
MSGS	MADISON SQUARE GRDN SPRT COR	3,218 (-20.1%)	$832 (-9.0%)	0.0%	$180.96	+25.8%	CL A	55825T103
AMG	AFFILIATED MANAGERS GROUP IN	5,562 (-18.7%)	$1,603 (-1.7%)	0.1%	$134.10	+92.7%	COM	008252108

Unchanged Positions (11)

CNX CNX RES CORP 7.8%

Value ($000) $174,136 Shares 4,735,824 Est. Cost $16.07 Unrealized +122.9%

WTM WHITE MTNS INS GROUP LTD 2.9%

Value ($000) $65,774 Shares 31,652 Est. Cost $1355.50 Unrealized +44.3%

CNH CNH INDL N V 1.5%

Value ($000) $34,269 Shares 3,716,808 Est. Cost $10.87 Unrealized -8.1%

PYPL PAYPAL HLDGS INC 1.4%

Value ($000) $32,347 Shares 554,074 Est. Cost $61.29 Unrealized +5.8%

DOLE DOLE PLC 1.3%

Value ($000) $28,986 Shares 1,933,708 Est. Cost $12.86 Unrealized +8.3%

ALX ALEXANDERS INC 1.2%

Value ($000) $26,744 Shares 122,712 Est. Cost $229.74 Unrealized —

BATRK ATLANTA BRAVES HLDGS INC 1.2%

Value ($000) $26,472 Shares 671,014 Est. Cost $37.85 Unrealized +4.4%

FIS FIDELITY NATL INFORMATION SV 1.8%

Value ($000) $41,348 Shares 622,149 Est. Cost $57.07 Unrealized +15.0%

CLVT CLARIVATE PLC 0.0%

Value ($000) $407 Shares 121,927 Est. Cost $4.20 Unrealized -15.3%

GLIBA GCI LIBERTY INC 0.1%

Value ($000) $2,974 Shares 80,675 Est. Cost $35.52 Unrealized -1.2%

STZ CONSTELLATION BRANDS INC 0.0%

Value ($000) $505 Shares 3,661 Est. Cost $157.52 Unrealized -13.1%

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
CNX	CNX RES CORP	4,735,824	$174,136	7.8%	$16.07	+122.9%	COM	12653C108
WTM	WHITE MTNS INS GROUP LTD	31,652	$65,774	2.9%	$1355.50	+44.3%	COM	G9618E107
CNH	CNH INDL N V	3,716,808	$34,269	1.5%	$10.87	-8.1%	SHS	N20944109
PYPL	PAYPAL HLDGS INC	554,074	$32,347	1.4%	$61.29	+5.8%	COM	70450Y103
DOLE	DOLE PLC	1,933,708	$28,986	1.3%	$12.86	+8.3%	ORD SHS	G27907107
ALX	ALEXANDERS INC	122,712	$26,744	1.2%	$229.74	—	COM	014752109
BATRK	ATLANTA BRAVES HLDGS INC	671,014	$26,472	1.2%	$37.85	+4.4%	COM SER C	047726302
FIS	FIDELITY NATL INFORMATION SV	622,149	$41,348	1.8%	$57.07	+15.0%	COM	31620M106
CLVT	CLARIVATE PLC	121,927	$407	0.0%	$4.20	-15.3%	ORD SHS	G21810109
GLIBA	GCI LIBERTY INC	80,675	$2,974	0.1%	$35.52	-1.2%	COM SER A	36164V602
STZ	CONSTELLATION BRANDS INC	3,661	$505	0.0%	$157.52	-13.1%	CL A	21036P108