Mason Hawkins – Southeastern Asset Management Inc

Period:: Q1 2026
Portfolio date:: Mar 31, 2026
No. of stocks:: 48
Portfolio value:: $2,032,771,000
Filed:: May 15, 2026
Style:: Deep Value / Contrarian

Hist	Stock	Activity	Share change	% change to portfolio
Q1 2026filed May 15, 2622 added32 reduced4 exited
≡	CNX – CNX RES CORP	Reduce 89.00%	−3,715,996	−5.96
≡	PCH – POTLATCHDELTIC CORPORATION	Sell	−2,828,076	−5.01
≡	IAC – IAC INC	Reduce 81.00%	−2,694,425	−4.55
≡	ACI – ALBERTSONS COS INC	Reduce 99.00%	−5,222,477	−3.99
≡	REGN – REGENERON PHARMACEUTICALS	Reduce 83.00%	−114,750	−3.86
≡	RYN – RAYONIER INC	Reduce 74.00%	−3,790,120	−3.59
≡	ACI – ALBERTSONS COS INC	Reduce 79.00%	−4,178,775	−3.11
≡	GLIBA – GCI LIBERTY INC	Reduce 100.00%	−1,316,862	−2.18
≡	WTM – WHITE MTNS INS GROUP LTD	Reduce 86.00%	−22,615	−2.04
≡	TRIP – TRIPADVISOR INC	Reduce 100.00%	−2,826,992	−1.83
≡	PVH – PVH CORPORATION	Reduce 87.00%	−564,245	−1.65
≡	FBIN – FORTUNE BRANDS INNOVATIONS I	Reduce 66.00%	−658,661	−1.57
≡	SHEN – SHENANDOAH TELECOMMUNICATION	Reduce 100.00%	−2,931,558	−1.51
≡	ACMR – ACM RESH INC	Reduce 53.00%	−897,281	−1.44
≡	AVTR – AVANTOR INC	Reduce 86.00%	−2,652,660	−1.41
≡	DIS – DISNEY WALT CO	Sell	−264,566	−1.34
≡	DOLE – DOLE PLC	Reduce 100.00%	−1,927,524	−1.29
≡	SAM – BOSTON BEER INC	Reduce 100.00%	−147,589	−1.28
≡	ALX – ALEXANDERS INC	Reduce 100.00%	−122,364	−1.19
≡	BATRA – ATLANTA BRAVES HLDGS INC	Reduce 100.00%	−668,962	−1.18
≡	CNH – CNH INDL N V	Reduce 88.00%	−2,900,140	−1.14
≡	ESRT – EMPIRE ST RLTY TR INC	Reduce 100.00%	−3,688,423	−1.07
≡	CLW – CLEARWATER PAPER CORP	Reduce 100.00%	−1,376,179	−1.07
≡	LPX – LOUISIANA PAC CORP	Sell	−231,095	−0.83
≡	WTM – WHITE MTNS INS GROUP LTD	Reduce 42.00%	−11,013	−0.78
≡	REGN – REGENERON PHARMACEUTICALS	Reduce 23.00%	−31,792	−0.71
≡	MGM – MGM RESORTS INTERNATIONAL	Reduce 96.00%	−305,332	−0.49
≡	CNX – CNX RES CORP	Reduce 16.00%	−656,911	−0.16
≡	SN – SHARKNINJA INC	Reduce 13.00%	−38,600	−0.14
≡	SAM – BOSTON BEER INC	Reduce 20.00%	−29,550	0.06
≡	MGM – MGM RESORTS INTERNATIONAL	Reduce 19.00%	−61,167	−0.05
≡	MICC – MAGNUM ICE CREAM CO NV	Reduce 11.00%	−93,158	−0.04
≡	ALX – ALEXANDERS INC	Reduce 19.00%	−23,655	−0.04
≡	OMI – OWENS & MINOR INC NEW	Sell	−181,735	−0.02
≡	XPO – XPO INC	Reduce 51.00%	−6,676	−0.02
≡	CAH – CARDINAL HEALTH INC	Reduce 15.00%	−1,312	−0.00
Q4 2025filed Feb 13, 266 new32 added45 reduced
≡	CNX – CNX RES CORP	Reduce 87.00%	−3,589,634	−5.89
≡	RYN – RAYONIER INC	Reduce 85.00%	−3,356,708	−4.78
≡	PCH – POTLATCHDELTIC CORPORATION	Reduce 82.00%	−1,537,598	−3.30
≡	ACI – ALBERTSONS COS INC	Reduce 79.00%	−3,204,067	−2.98
≡	IAC – IAC INC	Reduce 71.00%	−1,608,280	−2.80
≡	AVTR – AVANTOR INC	Reduce 89.00%	−3,767,982	−2.46
≡	REGN – REGENERON PHARMACEUTICALS	Reduce 77.00%	−90,127	−2.43
≡	TRIP – TRIPADVISOR INC	Reduce 100.00%	−2,337,019	−1.94
≡	FBIN – FORTUNE BRANDS INNOVATIONS I	Reduce 78.00%	−643,236	−1.85
≡	WTM – WHITE MTNS INS GROUP LTD	Reduce 79.00%	−20,840	−1.74
≡	SHEN – SHENANDOAH TELECOMMUNICATION	Reduce 100.00%	−2,439,906	−1.67
≡	CNH – CNH INDL N V	Reduce 88.00%	−2,900,140	−1.66
≡	GLIBA – GCI LIBERTY INC	Reduce 100.00%	−860,089	−1.64
≡	ALX – ALEXANDERS INC	Reduce 100.00%	−122,320	−1.46
≡	BATRA – ATLANTA BRAVES HLDGS INC	Reduce 100.00%	−668,962	−1.42
≡	DOLE – DOLE PLC	Reduce 100.00%	−1,927,524	−1.32
≡	SN – SHARKNINJA INC	Reduce 43.00%	−218,152	−1.23
≡	SAM – BOSTON BEER INC	Reduce 100.00%	−108,835	−1.17
≡	AVTR – AVANTOR INC	Reduce 27.00%	−1,143,628	−1.12
≡	DIS – DISNEY WALT CO	Reduce 77.00%	−180,642	−1.10
≡	ESRT – EMPIRE ST RLTY TR INC	Reduce 100.00%	−2,620,296	−1.03
≡	CLW – CLEARWATER PAPER CORP	Reduce 100.00%	−934,354	−0.99
≡	HTHT – H WORLD GROUP LTD	Reduce 61.00%	−356,629	−0.69
≡	PVH – PVH CORPORATION	Reduce 48.00%	−80,001	−0.45
≡	MLCO – MELCO RESORTS AND ENTMNT LTD	Reduce 11.00%	−213,165	−0.34
≡	HDB – HDFC BANK LTD	Reduce 79.00%	−39,412	−0.07
≡	PYPL – PAYPAL HLDGS INC	Reduce 18.00%	−5,082	−0.04
≡	LYV – LIVE NATION ENTERTAINMENT IN	Reduce 19.00%	−1,946	−0.03
≡	OMI – OWENS & MINOR INC NEW	Reduce 19.00%	−41,925	−0.03
≡	ENOV – ENOVIS CORPORATION	Reduce 19.00%	−10,203	−0.03
≡	GHC – GRAHAM HLDGS CO	Reduce 18.00%	−262	−0.03
≡	XPO – XPO INC	Reduce 19.00%	−2,968	−0.03
≡	LAZ – LAZARD INC	Reduce 19.00%	−4,255	−0.02
≡	FIS – FIDELITY NATL INFORMATION SV	Reduce 19.00%	−3,960	−0.02
≡	RXO – RXO INC	Reduce 19.00%	−10,247	−0.02
≡	KHC – KRAFT HEINZ CO	Reduce 19.00%	−6,209	−0.01
≡	HSIC – HENRY SCHEIN INC	Reduce 19.00%	−3,924	−0.01
≡	H – HYATT HOTELS CORP	Reduce 19.00%	−1,775	−0.01
≡	AMG – AFFILIATED MANAGERS GROUP IN	Reduce 19.00%	−1,276	−0.01
≡	BIO – BIO RAD LABS INC	Reduce 19.00%	−560	−0.01
≡	MSGS – MADISON SQUARE GRDN SPRT COR	Reduce 20.00%	−810	−0.01
≡	FDX – FEDEX CORP	Reduce 19.00%	−1,030	−0.01
≡	MGM – MGM RESORTS INTERNATIONAL	Reduce 19.00%	−3,176	−0.01
≡	CAH – CARDINAL HEALTH INC	Reduce 19.00%	−1,995	−0.01
≡	MAT – MATTEL INC	Reduce 20.00%	−6,652	−0.01
Q3 2025filed Nov 14, 2516 added22 reduced
≡	CNX – CNX RES CORP	Reduce 85.00%	−3,511,269	−5.76
≡	RYN – RAYONIER INC	Reduce 86.00%	−3,391,731	−4.59
≡	PCH – POTLATCHDELTIC CORPORATION	Reduce 86.00%	−1,613,216	−3.36
≡	IAC – IAC INC	Reduce 77.00%	−1,749,809	−3.04
≡	ACI – ALBERTSONS COS INC	Reduce 79.00%	−3,204,067	−2.86
≡	REGN – REGENERON PHARMACEUTICALS	Reduce 77.00%	−90,027	−2.58
≡	PVH – PVH CORPORATION	Reduce 78.00%	−602,706	−2.58
≡	AVTR – AVANTOR INC	Reduce 78.00%	−3,310,708	−2.11
≡	TRIP – TRIPADVISOR INC	Reduce 100.00%	−2,337,504	−1.94
≡	WTM – WHITE MTNS INS GROUP LTD	Reduce 79.00%	−20,840	−1.78
≡	FBIN – FORTUNE BRANDS INNOVATIONS I	Reduce 78.00%	−643,236	−1.75
≡	SHEN – SHENANDOAH TELECOMMUNICATION	Reduce 100.00%	−2,440,310	−1.67
≡	GLIBA – GCI LIBERTY INC	Reduce 100.00%	−860,735	−1.64
≡	CNH – CNH INDL N V	Reduce 88.00%	−2,900,140	−1.61
≡	ALX – ALEXANDERS INC	Reduce 100.00%	−122,320	−1.46
≡	BATRA – ATLANTA BRAVES HLDGS INC	Reduce 100.00%	−668,962	−1.42
≡	DOLE – DOLE PLC	Reduce 100.00%	−1,927,524	−1.32
≡	SAM – BOSTON BEER INC	Reduce 100.00%	−108,886	−1.18
≡	DIS – DISNEY WALT CO	Reduce 77.00%	−180,642	−1.06
≡	ESRT – EMPIRE ST RLTY TR INC	Reduce 100.00%	−2,621,754	−1.03
≡	CLW – CLEARWATER PAPER CORP	Reduce 100.00%	−934,977	−0.99
≡	HTHT – H WORLD GROUP LTD	Reduce 51.00%	−299,140	−0.60
Q3 2025filed Nov 14, 259 new28 added23 reduced6 exited
≡	CNX – CNX RES CORP	Reduce 84.00%	−3,220,892	−5.51
≡	IAC – IAC INC	Reduce 78.00%	−1,845,089	−3.55
≡	PVH – PVH CORPORATION	Reduce 85.00%	−948,622	−3.14
≡	DINO – HF SINCLAIR CORP	Sell	−1,432,177	−2.97
≡	REGN – REGENERON PHARMACEUTICALS	Reduce 79.00%	−103,434	−2.68
≡	CNH – CNH INDL N V	Reduce 88.00%	−2,900,140	−1.94
≡	DOLE – DOLE PLC	Reduce 100.00%	−2,442,183	−1.72
≡	TRIP – TRIPADVISOR INC	Reduce 100.00%	−2,583,078	−1.70
≡	FBIN – FORTUNE BRANDS INNOVATIONS I	Reduce 78.00%	−643,236	−1.65
≡	BATRA – ATLANTA BRAVES HLDGS INC	Reduce 100.00%	−668,962	−1.58
≡	TIGO – MILLICOM INTL CELLULAR S A	Sell	−834,429	−1.58
≡	SHEN – SHENANDOAH TELECOMMUNICATION	Reduce 100.00%	−2,280,368	−1.57
≡	ANGI – ANGI INC	Sell	−1,806,694	−1.39
≡	WTM – WHITE MTNS INS GROUP LTD	Reduce 73.00%	−14,732	−1.36
≡	CLW – CLEARWATER PAPER CORP	Reduce 100.00%	−934,977	−1.28
≡	DIS – DISNEY WALT CO	Reduce 77.00%	−180,642	−1.15
≡	PCH – POTLATCHDELTIC CORPORATION	Reduce 69.00%	−577,014	−1.08
≡	ESRT – EMPIRE ST RLTY TR INC	Reduce 100.00%	−2,621,754	−1.07
≡	SAM – BOSTON BEER INC	Reduce 100.00%	−106,028	−1.02
≡	OSCR – OSCAR HEALTH INC	Sell	−880,452	−0.95
≡	PK – PARK HOTELS & RESORTS INC	Sell	−1,335,745	−0.69
≡	PVH – PVH CORPORATION	Reduce 31.00%	−345,916	−0.57
≡	MLCO – MELCO RESORTS AND ENTMNT LTD	Reduce 51.00%	−2,068,308	−0.55
≡	HWLDF – H WORLD GROUP LTD	Reduce 51.00%	−299,140	−0.43
≡	DOLE – DOLE PLC	Reduce 21.00%	−514,659	−0.40
≡	TRIP – TRIPADVISOR INC	Reduce 9.00%	−245,574	0.24
≡	REGN – REGENERON PHARMACEUTICALS	Reduce 10.00%	−13,407	−0.09
≡	LYV – LIVE NATION ENTERTAINMENT IN	Reduce 26.00%	−3,706	−0.02
≡	WEST – WESTROCK COFFEE CO	Sell	−58,650	−0.02
Q2 2025filed Aug 14, 2543 exited
≡	CNX – CNX RES CORP	Sell	−4,062,036	−6.82
≡	IAC – IAC INC	Sell	−1,954,117	−4.78
≡	ACI – ALBERTSONS COS INC	Sell	−4,059,129	−4.76
≡	DINO – HF SINCLAIR CORP	Sell	−2,143,958	−3.76
≡	KHC – KRAFT HEINZ CO	Sell	−1,996,150	−3.24
≡	REGN – REGENERON PHARMACEUTICALS	Sell	−92,393	−3.12
≡	TIGO – MILLICOM INTL CELLULAR S A	Sell	−1,653,392	−2.67
≡	SN – SHARKNINJA INC	Sell	−545,403	−2.42
≡	CNH – CNH INDL N V	Sell	−3,308,474	−2.17
≡	PCH – POTLATCHDELTIC CORPORATION	Sell	−810,093	−1.95
≡	WTM – WHITE MTNS INS GROUP LTD	Sell	−17,688	−1.82
≡	BATRA – ATLANTA BRAVES HLDGS INC	Sell	−849,991	−1.81
≡	DOLE – DOLE PLC	Sell	−2,349,513	−1.81
≡	PVH – PVH CORPORATION	Sell	−518,769	−1.79
≡	OSCR – OSCAR HEALTH INC	Sell	−2,093,518	−1.46
≡	SAM – BOSTON BEER INC	Sell	−106,204	−1.35
≡	PK – PARK HOTELS & RESORTS INC	Sell	−2,308,391	−1.31
≡	TRIP – TRIPADVISOR INC	Sell	−1,725,545	−1.30
≡	HWLDF – H WORLD GROUP LTD	Sell	−588,001	−1.16
≡	HHH – HOWARD HUGHES HOLDINGS INC	Sell	−217,064	−0.86
≡	MLCO – MELCO RESORTS AND ENTMNT LTD	Sell	−2,673,095	−0.75
≡	ESRT – EMPIRE ST RLTY TR INC	Sell	−1,554,665	−0.65
≡	SHEN – SHENANDOAH TELECOMMUNICATION	Sell	−908,441	−0.61
≡	HDB – HDFC BANK LTD	Sell	−46,922	−0.17
≡	CAH – CARDINAL HEALTH INC	Sell	−17,581	−0.13
≡	LYV – LIVE NATION ENTERTAINMENT IN	Sell	−14,086	−0.10
≡	PYPL – PAYPAL HLDGS INC	Sell	−27,545	−0.10
≡	XPO – XPO INC	Sell	−15,980	−0.09
≡	FIS – FIDELITY NATL INFORMATION SV	Sell	−21,166	−0.08
≡	GHC – GRAHAM HLDGS CO	Sell	−1,491	−0.08
≡	ENOV – ENOVIS CORPORATION	Sell	−36,583	−0.07
≡	FDX – FEDEX CORP	Sell	−5,481	−0.07
≡	H – HYATT HOTELS CORP	Sell	−9,508	−0.06
≡	AMG – AFFILIATED MANAGERS GROUP IN	Sell	−6,838	−0.06
≡	HSIC – HENRY SCHEIN INC	Sell	−15,600	−0.06
≡	RXO – RXO INC	Sell	−53,978	−0.05
≡	GOOG – ALPHABET INC	Sell	−6,527	−0.05
≡	LAZ – LAZARD INC	Sell	−22,863	−0.05
≡	MSGS – MADISON SQUARE GRDN SPRT COR	Sell	−4,028	−0.04
≡	WEST – WESTROCK COFFEE CO	Sell	−106,242	−0.04
≡	BIO – BIO RAD LABS INC	Sell	−2,976	−0.04
≡	MAT – MATTEL INC	Sell	−33,320	−0.03
≡	MGM – MGM RESORTS INTERNATIONAL	Sell	−17,073	−0.03
Q4 2024filed Feb 14, 2544 exited
≡	CNX – CNX RES CORP	Sell	−3,546,757	−6.14
≡	FIS – FIDELITY NATL INFORMATION SV	Sell	−1,074,320	−4.10
≡	IAC – IAC INC	Sell	−1,987,304	−4.05
≡	ACI – ALBERTSONS COS INC	Sell	−4,234,505	−3.93
≡	DINO – HF SINCLAIR CORP	Sell	−2,014,880	−3.33
≡	KHC – KRAFT HEINZ CO	Sell	−2,046,700	−2.97
≡	RTX – RTX CORPORATION	Sell	−450,782	−2.46
≡	PVH – PVH CORPORATION	Sell	−437,447	−2.18
≡	CNH – CNH INDL N V	Sell	−3,871,492	−2.07
≡	SN – SHARKNINJA INC	Sell	−438,392	−2.02
≡	OSCR – OSCAR HEALTH INC	Sell	−3,126,349	−1.98
≡	TIGO – MILLICOM INTL CELLULAR S A	Sell	−1,658,811	−1.96
≡	PCH – POTLATCHDELTIC CORPORATION	Sell	−987,727	−1.83
≡	WTM – WHITE MTNS INS GROUP LTD	Sell	−17,921	−1.65
≡	BATRA – ATLANTA BRAVES HLDGS INC	Sell	−849,991	−1.54
≡	PK – PARK HOTELS & RESORTS INC	Sell	−2,308,391	−1.53
≡	SAM – BOSTON BEER INC	Sell	−106,204	−1.50
≡	DOLE – DOLE PLC	Sell	−2,349,513	−1.50
≡	HWLDF – H WORLD GROUP LTD	Sell	−588,001	−0.92
≡	HHH – HOWARD HUGHES HOLDINGS INC	Sell	−217,064	−0.79
≡	ESRT – EMPIRE ST RLTY TR INC	Sell	−1,554,665	−0.76
≡	MLCO – MELCO RESORTS AND ENTMNT LTD	Sell	−2,673,095	−0.73
≡	FWONA – LIBERTY MEDIA CORP DEL	Sell	−159,077	−0.51
≡	HDB – HDFC BANK LTD	Sell	−63,489	−0.19
≡	FWONA – LIBERTY MEDIA CORP DEL	Sell	−55,176	−0.17
≡	PYPL – PAYPAL HLDGS INC	Sell	−27,545	−0.11
≡	XPO – XPO INC	Sell	−15,980	−0.10
≡	CAH – CARDINAL HEALTH INC	Sell	−17,581	−0.10
≡	LYV – LIVE NATION ENTERTAINMENT IN	Sell	−14,086	−0.09
≡	ENOV – ENOVIS CORPORATION	Sell	−36,583	−0.08
≡	FDX – FEDEX CORP	Sell	−5,481	−0.07
≡	H – HYATT HOTELS CORP	Sell	−9,508	−0.07
≡	GHC – GRAHAM HLDGS CO	Sell	−1,491	−0.06
≡	RXO – RXO INC	Sell	−53,978	−0.06
≡	AMG – AFFILIATED MANAGERS GROUP IN	Sell	−6,838	−0.06
≡	GOOG – ALPHABET INC	Sell	−6,527	−0.06
≡	LAZ – LAZARD INC	Sell	−22,863	−0.06
≡	HSIC – HENRY SCHEIN INC	Sell	−15,600	−0.05
≡	BIO – BIO RAD LABS INC	Sell	−2,976	−0.05
≡	MSGS – MADISON SQUARE GRDN SPRT COR	Sell	−4,028	−0.04
≡	WEST – WESTROCK COFFEE CO	Sell	−106,242	−0.03
≡	MGM – MGM RESORTS INTERNATIONAL	Sell	−17,073	−0.03
≡	MAT – MATTEL INC	Sell	−33,320	−0.03
≡	04M.MU – ANYWHERE REAL ESTATE INC	Sell	−42,418	−0.01
Q4 2024filed Feb 14, 256 new26 added29 reduced4 exited
≡	CNX – CNX RES CORP	Reduce 80.00%	−3,800,191	−5.65
≡	IAC – IAC INC	Reduce 52.00%	−830,109	−2.49
≡	WMG – WARNER MUSIC GROUP CORP	Sell	−1,544,530	−2.28
≡	RTX – RTX CORPORATION	Reduce 84.00%	−376,571	−2.17
≡	PCH – POTLATCHDELTIC CORPORATION	Reduce 100.00%	−986,288	−2.10
≡	OSCR – OSCAR HEALTH INC	Reduce 100.00%	−2,049,977	−2.05
≡	WBD – WARNER BROS DISCOVERY INC	Sell	−4,700,848	−1.83
≡	PVH – PVH CORPORATION	Reduce 83.00%	−364,877	−1.72
≡	BATRA – ATLANTA BRAVES HLDGS INC	Reduce 100.00%	−848,965	−1.59
≡	PK – PARK HOTELS & RESORTS INC	Reduce 100.00%	−2,375,725	−1.58
≡	SAM – BOSTON BEER INC	Reduce 100.00%	−106,091	−1.45
≡	DOLE – DOLE PLC	Reduce 100.00%	−1,767,784	−1.36
≡	FWONA – LIBERTY MEDIA CORP DEL	Reduce 100.00%	−551,198	−1.33
≡	HHH – HOWARD HUGHES HOLDINGS INC	Reduce 100.00%	−319,087	−1.17
≡	CNX – CNX RES CORP	Reduce 25.00%	−1,193,821	−1.14
≡	ESRT – EMPIRE ST RLTY TR INC	Reduce 100.00%	−1,871,275	−0.98
≡	SN – SHARKNINJA INC	Reduce 25.00%	−143,016	−0.97
≡	FWONA – LIBERTY MEDIA CORP DEL	Reduce 71.00%	−392,363	−0.82
≡	HWLDF – H WORLD GROUP LTD	Reduce 49.00%	−333,412	−0.65
≡	CNH – CNH INDL N V	Reduce 77.00%	−2,994,762	0.47
≡	MLCO – MELCO RESORTS AND ENTMNT LTD	Reduce 17.00%	−518,642	−0.43
≡	MLCO – MELCO RESORTS AND ENTMNT LTD	Reduce 12.00%	−380,638	−0.39
≡	HHH – HOWARD HUGHES HOLDINGS INC	Reduce 32.00%	−102,354	−0.38
≡	FWONA – LIBERTY MEDIA CORP DEL	Reduce 100.00%	−119,623	−0.28
≡	HWLDF – H WORLD GROUP LTD	Reduce 13.00%	−89,331	−0.27
≡	ESRT – EMPIRE ST RLTY TR INC	Reduce 17.00%	−318,963	−0.22
≡	WTM – WHITE MTNS INS GROUP LTD	Reduce 93.00%	−17,610	0.12
≡	FWONA – LIBERTY MEDIA CORP DEL	Reduce 54.00%	−64,530	−0.11
≡	HDB – HDFC BANK LTD	Reduce 35.00%	−33,630	−0.10
≡	SEG – SEAPORT ENTMT GROUP INC	Sell	−35,490	−0.05
≡	WEST – WESTROCK COFFEE CO	Reduce 94.00%	−100,300	−0.03
≡	04M.MU – ANYWHERE REAL ESTATE INC	Reduce 88.00%	−37,406	−0.01
≡	SEG – SEAPORT ENTERTAINMENT GRP	Sell	−20	0.00
Q3 2024filed Nov 14, 247 new3 added56 reduced5 exited
≡	MAT – MATTEL INC	Reduce 100.00%	−6,765,855	−4.79
≡	FDX – FEDEX CORP	Reduce 98.00%	−352,827	−4.61
≡	AMG – AFFILIATED MANAGERS GROUP IN	Reduce 99.00%	−574,659	−3.90
≡	CNX – CNX RES CORP	Reduce 74.00%	−4,177,456	−3.74
≡	MAT – MATTEL INC	Reduce 80.00%	−5,466,202	−3.62
≡	K – Kellanova	Sell	−1,425,295	−3.58
≡	FIS – FIDELITY NATL INFORMATION SV	Reduce 98.00%	−1,068,556	−3.49
≡	MGM – MGM RESORTS INTERNATIONAL	Reduce 99.00%	−1,665,664	−3.23
≡	FDX – FEDEX CORP	Reduce 64.00%	−229,065	−3.01
≡	BIO – BIO RAD LABS INC	Reduce 99.00%	−230,148	−2.73
≡	CNH – CNH INDL N V	Reduce 82.00%	−4,915,513	−2.63
≡	CNH – CNH INDL N V	Reduce 35.00%	−2,098,432	−2.63
≡	LYV – LIVE NATION ENTERTAINMENT IN	Reduce 98.00%	−613,300	−2.49
≡	H – HYATT HOTELS CORP	Reduce 97.00%	−363,487	−2.40
≡	MGM – MGM RESORTS INTERNATIONAL	Reduce 69.00%	−1,166,108	−2.31
≡	AMG – AFFILIATED MANAGERS GROUP IN	Reduce 66.00%	−382,311	−2.29
≡	H – HYATT HOTELS CORP	Reduce 89.00%	−330,408	−2.16
≡	GHC – GRAHAM HLDGS CO	Reduce 98.00%	−65,888	−2.00
≡	FIS – FIDELITY NATL INFORMATION SV	Reduce 63.00%	−687,404	−1.99
≡	IAC – IAC INC	Reduce 61.00%	−1,062,201	−1.83
≡	WMG – WARNER MUSIC GROUP CORP	Reduce 83.00%	−1,396,648	−1.83
≡	WBD – WARNER BROS DISCOVERY INC	Reduce 74.00%	−5,726,475	−1.73
≡	BATRA – ATLANTA BRAVES HLDGS INC	Reduce 100.00%	−981,210	−1.69
≡	OSCR – OSCAR HEALTH INC	Reduce 100.00%	−2,395,226	−1.65
≡	PYPL – PAYPAL HLDGS INC	Reduce 96.00%	−658,629	−1.63
≡	PVH – PVH CORPORATION	Reduce 81.00%	−352,450	−1.61
≡	PK – PARK HOTELS & RESORTS INC	Reduce 100.00%	−2,422,834	−1.58
≡	WTM – WHITE MOUNTAINS	Reduce 91.00%	−17,813	−1.55
≡	GHC – GRAHAM HLDGS CO	Reduce 80.00%	−53,953	−1.53
≡	PCH – POTLATCHDELTIC CORPORATION	Reduce 100.00%	−869,658	−1.49
≡	RTX – RTX CORPORATION	Reduce 80.00%	−362,787	−1.47
≡	BIO – BIO RAD LABS INC	Reduce 63.00%	−147,406	−1.42
≡	SAM – BOSTON BEER INC	Reduce 100.00%	−106,091	−1.41
≡	CNX – CNX RES CORP	Reduce 15.00%	−868,302	1.34
≡	IMKTA – Ingles Markets Incorporated -	Sell	−440,184	−1.32
≡	LYV – LIVE NATION ENTERTAINMENT IN	Reduce 60.00%	−375,749	−1.26
≡	PYPL – PAYPAL HLDGS INC	Reduce 81.00%	−556,995	−1.26
≡	FISV – Fiserv Inc	Sell	−178,443	−1.16
≡	ESRT – EMPIRE ST RLTY TR INC	Reduce 100.00%	−2,710,434	−1.11
≡	FWONA – LIBERTY MEDIA CORP DEL	Reduce 100.00%	−550,740	−0.92
≡	HHH – HOWARD HUGHES HOLDINGS INC	Reduce 100.00%	−319,023	−0.90
≡	DOLE – DOLE PLC	Reduce 100.00%	−1,623,339	−0.87
≡	04M.MU – ANYWHERE REAL ESTATE INC	Reduce 100.00%	−5,705,056	−0.82
≡	04M.MU – ANYWHERE REAL ESTATE INC	Reduce 99.00%	−5,667,650	−0.81
≡	FDX – FEDEX CORP	Reduce 13.00%	−48,170	−0.68
≡	WBD – WARNER BROS DISCOVERY INC	Reduce 39.00%	−2,996,133	−0.67
≡	IAC – IAC INC	Reduce 8.00%	−141,038	0.51
≡	OSCR – OSCAR HEALTH INC	Reduce 14.00%	−343,527	0.40
≡	AMG – AFFILIATED MANAGERS GROUP IN	Reduce 11.00%	−62,692	0.39
≡	HWLDF – H WORLD GROUP LTD	Reduce 43.00%	−294,137	−0.31
≡	IBTA – Ibotta Inc	Sell	−70,000	−0.23
≡	FWONA – LIBERTY MEDIA CORP DEL	Reduce 100.00%	−119,525	−0.20
≡	GHC – GRAHAM HLDGS CO	Reduce 14.00%	−9,490	0.19
≡	ESRT – EMPIRE ST RLTY TR INC	Reduce 31.00%	−839,266	−0.13
≡	BATRA – ATLANTA BRAVES HLDGS INC	Reduce 13.00%	−132,245	−0.09
≡	HDB – HDFC BANK LTD	Reduce 21.00%	−25,956	−0.06
≡	GEHC – GE Healthcare Holding LLC	Sell	−15,627	−0.05
≡	WEST – WESTROCK COFFEE CO	Reduce 94.00%	−100,300	−0.05
≡	WMG – WARNER MUSIC GROUP CORP	Reduce 8.00%	−133,467	0.04
≡	H – HYATT HOTELS CORP	Reduce 6.00%	−23,648	0.04
≡	04M.MU – ANYWHERE REAL ESTATE INC	Reduce 40.00%	−2,266,575	0.00
Q2 2024filed Aug 14, 249 new17 added47 reduced2 exited
≡	MAT – Mattel, Inc.	Reduce 100.00%	−6,765,855	−5.15
≡	CNX – CNX Resources Corp	Reduce 76.00%	−5,191,488	−4.50
≡	MAT – Mattel, Inc.	Reduce 80.00%	−5,423,162	−4.20
≡	FDX – FedEx Corporation	Reduce 98.00%	−352,827	−3.92
≡	AMG – Affiliated Managers Group Inc.	Reduce 99.00%	−574,659	−3.70
≡	LYV – Live Nation Entertainment Inc	Reduce 98.00%	−780,521	−3.17
≡	BIO – Bio-Rad Laboratories Inc	Reduce 99.00%	−230,148	−3.06
≡	FIS – Fidelity National Information	Reduce 98.00%	−1,068,556	−3.04
≡	MGM – MGM Resorts International	Reduce 99.00%	−1,385,437	−2.51
≡	CNH – CNH Industrial NV - U.S.	Reduce 82.00%	−4,913,030	−2.51
≡	AMG – Affiliated Managers Group Inc.	Reduce 64.00%	−374,583	−2.33
≡	H – Hyatt Hotels Corp. - Class A	Reduce 97.00%	−363,487	−2.22
≡	LYV – Live Nation Entertainment Inc	Reduce 67.00%	−533,616	−2.16
≡	IAC – IAC Inc	Reduce 60.00%	−1,036,884	−2.13
≡	FDX – FedEx Corporation	Reduce 59.00%	−211,864	−2.08
≡	BIO – Bio-Rad Laboratories Inc	Reduce 62.00%	−144,211	−2.04
≡	H – Hyatt Hotels Corp. - Class A	Reduce 89.00%	−330,308	−2.00
≡	RTX – RTX Corporation	Reduce 86.00%	−547,410	−2.00
≡	GHC – Graham Holdings Company	Reduce 98.00%	−65,888	−1.94
≡	K – Kellanova	Reduce 62.00%	−881,521	−1.77
≡	OSCR – Oscar Health Inc	Reduce 100.00%	−3,064,895	−1.75
≡	FIS – Fidelity National Information	Reduce 62.00%	−673,090	−1.74
≡	PYPL – PayPal Holdings Inc	Reduce 96.00%	−658,629	−1.70
≡	LBRDA – Liberty Broadband Corporation	Sell	−761,905	−1.68
≡	GHC – Graham Holdings Company	Reduce 80.00%	−53,953	−1.58
≡	PCH – PotlatchDeltic Corporation	Reduce 100.00%	−870,073	−1.57
≡	WBD – Warner Bros Discovery Inc	Reduce 59.00%	−4,562,568	−1.57
≡	MGM – MGM Resorts International	Reduce 62.00%	−869,362	−1.51
≡	WMG – Warner Music Group Corp.	Reduce 71.00%	−1,187,426	−1.47
≡	BATRA – Atlanta Braves Holdings Inc Cl	Reduce 100.00%	−981,210	−1.47
≡	PYPL – PayPal Holdings Inc	Reduce 81.00%	−557,430	−1.44
≡	WTM – White Mountains Insurance Grou	Reduce 92.00%	−21,138	−1.44
≡	04M.MU – Anywhere Real Estate Inc	Reduce 100.00%	−5,704,520	−1.36
≡	04M.MU – Anywhere Real Estate Inc	Reduce 99.00%	−5,667,650	−1.35
≡	IMKTA – Ingles Markets Incorporated -	Reduce 100.00%	−439,720	−1.30
≡	SAM – Boston Beer Company Inc.	Reduce 100.00%	−106,091	−1.24
≡	ESRT – Empire State Realty Trust Inc.	Reduce 100.00%	−3,061,225	−1.19
≡	PVH – PVH Corp	Reduce 66.00%	−163,098	−0.95
≡	FISV – Fiserv Inc	Reduce 81.00%	−144,969	−0.88
≡	DEI – Douglas Emmett Inc	Sell	−1,329,830	−0.71
≡	LYV – Live Nation Entertainment Inc	Reduce 21.00%	−167,221	−0.67
≡	RTX – RTX Corporation	Reduce 29.00%	−184,830	−0.41
≡	CNX – CNX Resources Corp	Reduce 17.00%	−1,177,970	−0.25
≡	HTHT – H World Group Limited ADR	Reduce 26.00%	−148,355	−0.24
≡	SN – SharkNinja Inc	Reduce 17.00%	−125,889	0.22
≡	OSCR – Oscar Health Inc	Reduce 22.00%	−669,609	−0.10
≡	ESRT – Empire State Realty Trust Inc.	Reduce 11.00%	−351,650	−0.08
≡	WEST – Westrock Coffee Company	Reduce 93.00%	−80,151	−0.03
≡	WTM – White Mountains Insurance Grou	Reduce 14.00%	−3,325	−0.03