# EDGAR Filing Document

**Accession Number:** 0000807985
**File Stem:** 0001398344-25-015655
**Filing Date:** 2025-8
**Character Count:** 13558
**Document Hash:** 83c9b09cae09ce63ea682f6a6c9b8a01
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001398344-25-015655.hdr.sgml**: 20250814

**ACCESSION NUMBER**: 0001398344-25-015655

**CONFORMED SUBMISSION TYPE**: 13F-HR

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20250630

**FILED AS OF DATE**: 20250814

**DATE AS OF CHANGE**: 20250814

**EFFECTIVENESS DATE**: 20250814

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** SOUTHEASTERN ASSET MANAGEMENT INC/TN/
- **CENTRAL INDEX KEY:** 0000807985

**ORGANIZATION NAME:**
- **EIN:** 620951781
- **STATE OF INCORPORATION:** TN
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** 13F-HR
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 028-01399
- **FILM NUMBER:** 251218698

**BUSINESS ADDRESS:**
- **STREET 1:** 5100 POPLAR AVENUE
- **STREET 2:** SUITE 2450
- **CITY:** MEMPHIS
- **STATE:** TN
- **ZIP:** 38137
- **BUSINESS PHONE:** 9017612474

**MAIL ADDRESS:**
- **STREET 1:** 5100 POPLAR AVENUE
- **STREET 2:** SUITE 2450
- **CITY:** MEMPHIS
- **STATE:** TN
- **ZIP:** 38137

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** PROFESSIONAL PORTFOLIO MANAGEMENT INC
- **DATE OF NAME CHANGE:** 19890314

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** SOUTHEASTERN ASSET MANAGEMENT INC
- **DATE OF NAME CHANGE:** 19880622

### FORM 13F COVER PAGE

**Report for the Calendar Year or Quarter Ended:** 06-30-2025

**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/TN/<br>**Address:** 5100 POPLAR AVENUE<br>SUITE 2450<br>MEMPHIS, TN 38137

**Form 13F File Number:** 028-01399

**CRD Number (if applicable):** 000105276

**SEC File Number (if applicable):** 801-11123

The institutional investment manager filing this report and the person by whom it is signed 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 integral parts of this form.

**Person Signing this Report on Behalf of Reporting Manager:**

**Name:** Andrew R. McCarroll<br>**Title:** General Counsel<br>**Phone:** 901-818-5185

**Signature, Place, and Date of Signing:**

/s/ Andrew R. McCarroll  Memphis, TN  08-14-2025<br>[Signature]  [City, State]  [Date]

**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 are reported 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).)

### Form 13F Summary Page

**Report Summary:**

**Number of Other Included Managers:** 2

**Form 13F Information Table Entry Total:** 94

**Form 13F Information Table Value Total:** $1983640458

      (round to nearest dollar)

**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.

[If there are no entries in this list, state “NONE” and omit the column headings and list entries.]

| No.   | Name                          | Form 13F File Number   |
|:---|:---|:---|
|  | LONGLEAF PARTNERS FUNDS TRUST |  |
|  | Greenwood Pine Partners       |  |

### FORM 13F INFORMATION TABLE

---

|  |  |  |  |  |  |  |  |  |  |  |  |  |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| NAME OF ISSUER | TITLE OF CLASS | CUSIP | FIGI | VALUE (x$1000) | SHRS OR PRN AMT | SH/PRN | PUT/CALL | INVESTMENT DISCRETION | OTHER MANAGER | VOTING AUTHORITY | VOTING AUTHORITY | VOTING AUTHORITY |
| NAME OF ISSUER | TITLE OF CLASS | CUSIP | FIGI | VALUE (x$1000) | SHRS OR PRN AMT | SH/PRN | PUT/CALL | INVESTMENT DISCRETION | OTHER MANAGER | SOLE | SHARED | NONE |
| ACM RESH INC | COM CL A | 00108J109 |  | 30710770 | 1185744 | SH |  | SOLE |  | 228122 | 0 | 957622 |
| AFFILIATED MANAGERS GROUP IN | COM | 008252108 |  | 1345514 | 6838 | SH |  | DFND | 3 | 6838 | 0 | 0 |
| ALBERTSONS COS INC | COMMON STOCK | 013091103 |  | 13588598 | 631734 | SH |  | SOLE |  | 631734 | 0 | 0 |
| ALBERTSONS COS INC | COMMON STOCK | 013091103 |  | 60882829 | 2830443 | SH |  | DFND | 1 | 2830443 | 0 | 0 |
| ALEXANDERS INC | COM | 014752109 |  | 18702 | 83 | SH |  | SOLE |  | 83 | 0 | 0 |
| ALEXANDERS INC | COM | 014752109 |  | 14289794 | 63420 | SH |  | DFND | 1 | 63420 | 0 | 0 |
| ANGI INC | CL A NEW | 00183L201 |  | 3982158 | 260954 | SH |  | SOLE |  | 260954 | 0 | 0 |
| ANGI INC | CL A NEW | 00183L201 |  | 27570150 | 1806694 | SH |  | DFND | 1 | 1806694 | 0 | 0 |
| ATLANTA BRAVES HLDGS INC | COM SER C | 047726302 |  | 47986 | 1026 | SH |  | SOLE |  | 1026 | 0 | 0 |
| ATLANTA BRAVES HLDGS INC | COM SER C | 047726302 |  | 31335339 | 669988 | SH |  | DFND | 1 | 669988 | 0 | 0 |
| BIO RAD LABS INC | CL A | 090572207 |  | 13819672 | 57267 | SH |  | SOLE |  | 57267 | 0 | 0 |
| BIO RAD LABS INC | CL A | 090572207 |  | 61546735 | 255042 | SH |  | DFND | 1 | 255042 | 0 | 0 |
| BIO RAD LABS INC | CL A | 090572207 |  | 718168 | 2976 | SH |  | DFND | 3 | 2976 | 0 | 0 |
| BOSTON BEER INC | CL A | 100557107 |  | 21562 | 113 | SH |  | SOLE |  | 113 | 0 | 0 |
| BOSTON BEER INC | CL A | 100557107 |  | 20264785 | 106204 | SH |  | DFND | 1 | 106204 | 0 | 0 |
| CARDINAL HEALTH INC | COM | 14149Y108 |  | 1788192 | 10644 | SH |  | DFND | 3 | 10644 | 0 | 0 |
| CLEARWATER PAPER CORP | COM | 18538R103 |  | 40097 | 1472 | SH |  | SOLE |  | 1472 | 0 | 0 |
| CLEARWATER PAPER CORP | COM | 18538R103 |  | 25508871 | 936449 | SH |  | DFND | 1 | 936449 | 0 | 0 |
| CNH INDL N V | SHS | N20944109 |  | 5867937 | 452773 | SH |  | SOLE |  | 452773 | 0 | 0 |
| CNH INDL N V | SHS | N20944109 |  | 42877823 | 3308474 | SH |  | DFND | 1 | 3308474 | 0 | 0 |
| CNX RES CORP | COM | 12653C108 |  | 20921478 | 621184 | SH |  | SOLE |  | 621184 | 0 | 0 |
| CNX RES CORP | COM | 12653C108 |  | 129384145 | 3841572 | SH |  | DFND | 1 | 3841572 | 0 | 0 |
| DISNEY WALT CO | COM | 254687106 |  | 7078367 | 57079 | SH |  | SOLE |  | 57079 | 0 | 0 |
| DISNEY WALT CO | COM | 254687106 |  | 28925457 | 233251 | SH |  | DFND | 1 | 233251 | 0 | 0 |
| DOLE PLC | ORD SHS | G27907107 |  | 54127 | 3869 | SH |  | SOLE |  | 3869 | 0 | 0 |
| DOLE PLC | ORD SHS | G27907107 |  | 34209397 | 2445275 | SH |  | DFND | 1 | 2445275 | 0 | 0 |
| EMPIRE ST RLTY TR INC | CL A | 292104106 |  | 33921 | 4193 | SH |  | SOLE |  | 4193 | 0 | 0 |
| EMPIRE ST RLTY TR INC | CL A | 292104106 |  | 21243911 | 2625947 | SH |  | DFND | 1 | 2625947 | 0 | 0 |
| ENOVIS CORPORATION | COM | 194014502 |  | 1147243 | 36583 | SH |  | DFND | 3 | 36583 | 0 | 0 |
| FEDEX CORP | COM | 31428X106 |  | 15075200 | 66320 | SH |  | SOLE |  | 66320 | 0 | 0 |
| FEDEX CORP | COM | 31428X106 |  | 69951242 | 307735 | SH |  | DFND | 1 | 307735 | 0 | 0 |
| FEDEX CORP | COM | 31428X106 |  | 1245886 | 5481 | SH |  | DFND | 3 | 5481 | 0 | 0 |
| FIDELITY NATL INFORMATION SV | COM | 31620M106 |  | 13823172 | 169797 | SH |  | SOLE |  | 169797 | 0 | 0 |
| FIDELITY NATL INFORMATION SV | COM | 31620M106 |  | 61732715 | 758294 | SH |  | DFND | 1 | 758294 | 0 | 0 |
| FIDELITY NATL INFORMATION SV | COM | 31620M106 |  | 1723124 | 21166 | SH |  | DFND | 3 | 21166 | 0 | 0 |
| FORTUNE BRANDS INNOVATIONS I | COM | 34964C106 |  | 10393606 | 201896 | SH |  | SOLE |  | 201896 | 0 | 0 |
| FORTUNE BRANDS INNOVATIONS I | COM | 34964C106 |  | 42698490 | 829419 | SH |  | DFND | 1 | 829419 | 0 | 0 |
| GRAHAM HLDGS CO | COM CL B | 384637104 |  | 5777314 | 6106 | SH |  | SOLE |  | 6106 | 0 | 0 |
| GRAHAM HLDGS CO | COM CL B | 384637104 |  | 33401693 | 35302 | SH |  | DFND | 1 | 35302 | 0 | 0 |
| GRAHAM HLDGS CO | COM CL B | 384637104 |  | 1410740 | 1491 | SH |  | DFND | 3 | 1491 | 0 | 0 |
| H WORLD GROUP LTD | SPONSORED ADS | 44332N106 |  | 10472970 | 308755 | SH |  | SOLE |  | 85764 | 0 | 222991 |
| H WORLD GROUP LTD | SPONSORED ADS | 44332N106 |  | 19944994 | 588001 | SH |  | DFND | 1 | 588001 | 0 | 0 |
| HDFC BANK LTD | SPONSORED ADS | 40415F101 |  | 2997337 | 39094 | SH |  | SOLE |  | 39094 | 0 | 0 |
| HENRY SCHEIN INC | COM | 806407102 |  | 1531274 | 20962 | SH |  | DFND | 3 | 20962 | 0 | 0 |
| HF SINCLAIR CORP | COM | 403949100 |  | 13131016 | 319645 | SH |  | SOLE |  | 319645 | 0 | 0 |
| HF SINCLAIR CORP | COM | 403949100 |  | 58833831 | 1432177 | SH |  | DFND | 1 | 1432177 | 0 | 0 |
| HYATT HOTELS CORP | COM CL A | 448579102 |  | 3493067 | 25013 | SH |  | SOLE |  | 25013 | 0 | 0 |
| HYATT HOTELS CORP | COM CL A | 448579102 |  | 37980750 | 271971 | SH |  | DFND | 1 | 271971 | 0 | 0 |
| HYATT HOTELS CORP | COM CL A | 448579102 |  | 1327792 | 9508 | SH |  | DFND | 3 | 9508 | 0 | 0 |
| IAC INC | COM NEW | 44891N208 |  | 21546673 | 577040 | SH |  | SOLE |  | 577040 | 0 | 0 |
| IAC INC | COM NEW | 44891N208 |  | 87896119 | 2353940 | SH |  | DFND | 1 | 2353940 | 0 | 0 |
| KASPI KZ JSC | SPONSORED ADS | 48581R205 |  | 16027741 | 188806 | SH |  | SOLE |  | 32606 | 0 | 156200 |
| KRAFT HEINZ CO | COM | 500754106 |  | 17650914 | 683614 | SH |  | SOLE |  | 683614 | 0 | 0 |
| KRAFT HEINZ CO | COM | 500754106 |  | 76362030 | 2957476 | SH |  | DFND | 1 | 2957476 | 0 | 0 |
| KRAFT HEINZ CO | COM | 500754106 |  | 856475 | 33171 | SH |  | DFND | 3 | 33171 | 0 | 0 |
| LAZARD INC | COM | 52110M109 |  | 1096966 | 22863 | SH |  | DFND | 3 | 22863 | 0 | 0 |
| LIVE NATION ENTERTAINMENT IN | COM | 538034109 |  | 2130930 | 14086 | SH |  | DFND | 3 | 14086 | 0 | 0 |
| MADISON SQUARE GRDN SPRT COR | CL A | 55825T103 |  | 841651 | 4028 | SH |  | DFND | 3 | 4028 | 0 | 0 |
| MATTEL INC | COM | 577081102 |  | 19925267 | 1010409 | SH |  | SOLE |  | 1010409 | 0 | 0 |
| MATTEL INC | COM | 577081102 |  | 121801290 | 6176536 | SH |  | DFND | 1 | 6176536 | 0 | 0 |
| MATTEL INC | COM | 577081102 |  | 657070 | 33320 | SH |  | DFND | 3 | 33320 | 0 | 0 |
| MELCO RESORTS AND ENTMNT LTD | ADR | 585464100 |  | 16763073 | 2318544 | SH |  | SOLE |  | 575996 | 0 | 1742548 |
| MELCO RESORTS AND ENTMNT LTD | ADR | 585464100 |  | 29489196 | 4078727 | SH |  | DFND | 1 | 4078727 | 0 | 0 |
| MGM RESORTS INTERNATIONAL | COM | 552953101 |  | 11910324 | 346331 | SH |  | SOLE |  | 346331 | 0 | 0 |
| MGM RESORTS INTERNATIONAL | COM | 552953101 |  | 48548363 | 1411700 | SH |  | DFND | 1 | 1411700 | 0 | 0 |
| MGM RESORTS INTERNATIONAL | COM | 552953101 |  | 587141 | 17073 | SH |  | DFND | 3 | 17073 | 0 | 0 |
| MILLICOM INTL CELLULAR S A | COM STK | L6388F110 |  | 7614092 | 203205 | SH |  | SOLE |  | 203205 | 0 | 0 |
| MILLICOM INTL CELLULAR S A | COM STK | L6388F110 |  | 31266055 | 834429 | SH |  | DFND | 1 | 834429 | 0 | 0 |
| OSCAR HEALTH INC | CL A | 687793109 |  | 30123 | 1405 | SH |  | SOLE |  | 1405 | 0 | 0 |
| OSCAR HEALTH INC | CL A | 687793109 |  | 18876891 | 880452 | SH |  | DFND | 1 | 880452 | 0 | 0 |
| OWENS  MINOR INC NEW | COM | 690732102 |  | 1141140 | 125400 | SH |  | DFND | 3 | 125400 | 0 | 0 |
| PARK HOTELS  RESORTS INC | COM | 700517105 |  | 21821 | 2133 | SH |  | SOLE |  | 2133 | 0 | 0 |
| PARK HOTELS  RESORTS INC | COM | 700517105 |  | 13664671 | 1335745 | SH |  | DFND | 1 | 1335745 | 0 | 0 |
| PAYPAL HLDGS INC | COM | 70450Y103 |  | 5058739 | 68067 | SH |  | SOLE |  | 68067 | 0 | 0 |
| PAYPAL HLDGS INC | COM | 70450Y103 |  | 34948831 | 470248 | SH |  | DFND | 1 | 470248 | 0 | 0 |
| PAYPAL HLDGS INC | COM | 70450Y103 |  | 2047144 | 27545 | SH |  | DFND | 3 | 27545 | 0 | 0 |
| POTLATCHDELTIC CORPORATION | COM | 737630103 |  | 4603019 | 119964 | SH |  | SOLE |  | 119964 | 0 | 0 |
| POTLATCHDELTIC CORPORATION | COM | 737630103 |  | 32088179 | 836283 | SH |  | DFND | 1 | 836283 | 0 | 0 |
| PVH CORPORATION | COM | 693656100 |  | 17485180 | 254886 | SH |  | SOLE |  | 254886 | 0 | 0 |
| PVH CORPORATION | COM | 693656100 |  | 76486805 | 1114968 | SH |  | DFND | 1 | 1114968 | 0 | 0 |
| REGENERON PHARMACEUTICALS | COM | 75886F107 |  | 15674925 | 29857 | SH |  | SOLE |  | 29857 | 0 | 0 |
| REGENERON PHARMACEUTICALS | COM | 75886F107 |  | 68630100 | 130724 | SH |  | DFND | 1 | 130724 | 0 | 0 |
| RXO INC | COMMON STOCK | 74982T103 |  | 848535 | 53978 | SH |  | DFND | 3 | 53978 | 0 | 0 |
| SHARKNINJA INC | COM SHS | G8068L108 |  | 52629023 | 531660 | SH |  | SOLE |  | 96900 | 0 | 434760 |
| SHENANDOAH TELECOMMUNICATION | COM | 82312B106 |  | 51020 | 3735 | SH |  | SOLE |  | 3735 | 0 | 0 |
| SHENANDOAH TELECOMMUNICATION | COM | 82312B106 |  | 31203989 | 2284333 | SH |  | DFND | 1 | 2284333 | 0 | 0 |
| TRIPADVISOR INC | COM | 896945201 |  | 53896 | 4130 | SH |  | SOLE |  | 4130 | 0 | 0 |
| TRIPADVISOR INC | COM | 896945201 |  | 33757975 | 2586818 | SH |  | DFND | 1 | 2586818 | 0 | 0 |
| WESTROCK COFFEE CO | COM | 96145W103 |  | 23642 | 4126 | SH |  | SOLE |  | 4126 | 0 | 0 |
| WESTROCK COFFEE CO | COM | 96145W103 |  | 14940402 | 2607400 | SH |  | DFND | 1 | 2607400 | 0 | 0 |
| WESTROCK COFFEE CO | COM | 96145W103 |  | 336064 | 58650 | SH |  | DFND | 3 | 58650 | 0 | 0 |
| WHITE MTNS INS GROUP LTD | COM | G9618E107 |  | 1716709 | 956 | SH |  | SOLE |  | 956 | 0 | 0 |
| WHITE MTNS INS GROUP LTD | COM | G9618E107 |  | 36162209 | 20138 | SH |  | DFND | 1 | 20138 | 0 | 0 |
| XPO INC | COM | 983793100 |  | 2018115 | 15980 | SH |  | DFND | 3 | 15980 | 0 | 0 |

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