Mason Hawkins - Longleaf Partners 13F Activity & Position Changes (Q1 2025)

As of Mar 31, 2025, the Longleaf Partners portfolio activity showed several notable changes in holdings, according to the latest SEC 13F filing reported on May 15, 2025. The activity included new positions, additions to existing holdings, reductions, and complete exits, providing a clear view of how the portfolio evolved during the quarter.

During Q1 2025, the filing reported:

New Buys - Regeneron Pharmaceuticals, Inc., Shenandoah Telecommunications C, TripAdvisor, Inc.

Increases - Bio-Rad Laboratories, Inc., CNX Resources Corporation, PVH Corp., SharkNinja

Reductions - Albertsons Companies, Inc., Affiliated Managers Group, Inc., CNH Industrial, HF Sinclair Corporation, FedEx Corporation, and 15 more

Complete Exits - Anywhere Real Estate Inc., Liberty Media Corporation - Ser, Liberty Media Corporation - Ser, RTX Corporation

These updates highlight how the portfolio adjusted across different sectors and market conditions, offering insights into allocation shifts and investment trends.

Date	Symbol	Name	Type	Change Qty	% Change	Value	Remaining
Q1 2025	ACI Albertsons Companies, Inc.	Albertsons Companies, Inc.	Sell	-698,544	-12.1%	$111.45M	5,068,175
Q1 2025	AMG Affiliated Managers Group, Inc.	Affiliated Managers Group, Inc.	Sell	-222,716	-31.7%	$80.62M	479,771
Q1 2025	BIO Bio-Rad Laboratories, Inc.	Bio-Rad Laboratories, Inc.	Buy	+15,336	+5.0%	$78.87M	323,805
Q1 2025	CNH CNH Industrial	CNH Industrial	Sell	-885,456	-18.6%	$47.43M	3,862,766
Q1 2025	CNX CNX Resources Corporation	CNX Resources Corporation	Buy	+299,034	+6.7%	$150.67M	4,786,178
Q1 2025	DINO HF Sinclair Corporation	HF Sinclair Corporation	Sell	-80,077	-2.9%	$87.75M	2,668,678
Q1 2025	FDX FedEx Corporation	FedEx Corporation	Sell	-41,625	-9.7%	$94.76M	388,714
Q1 2025	FIS Fidelity National Information S	Fidelity National Information S	Sell	-152,876	-10.5%	$96.91M	1,297,683
Q1 2025	G9618E107 White Mountains	White Mountains	Sell	-760	-3.9%	$35.60M	18,484
Q1 2025	GHC Graham Holdings Company	Graham Holdings Company	Sell	-3,902	-6.6%	$53.00M	55,157
Q1 2025	H Hyatt Hotels Corporation	Hyatt Hotels Corporation	Sell	-3,589	-0.9%	$47.90M	390,999
Q1 2025	HDB HDFC Bank Limited	HDFC Bank Limited	Sell	-16,567	-26.1%	$3.12M	46,922
Q1 2025	HOUS Anywhere Real Estate Inc.	Anywhere Real Estate Inc.	Sell - Position Exit	-3,490,923	-100.0%	$0.00	-
Q1 2025	HTHT H World Group Limited	H World Group Limited	Sell	-27,029	-2.9%	$33.49M	904,892
Q1 2025	IAC IAC Inc.	IAC Inc.	Sell	-296,448	-10.8%	$112.81M	2,455,492
Q1 2025	KHC The Kraft Heinz Company	The Kraft Heinz Company	Sell	-373,567	-13.2%	$74.92M	2,461,981
Q1 2025	LLYVA Liberty Media Corporation - Ser	Liberty Media Corporation - Ser	Sell - Position Exit	-55,259	-100.0%	$0.00	-
Q1 2025	LLYVK Liberty Media Corporation - Ser	Liberty Media Corporation - Ser	Sell - Position Exit	-159,319	-100.0%	$0.00	-
Q1 2025	MAT Mattel, Inc.	Mattel, Inc.	Sell	-793,410	-10.4%	$132.88M	6,838,934
Q1 2025	MGM MGM Resorts International	MGM Resorts International	Sell	-480,184	-19.9%	$57.17M	1,928,963
Q1 2025	MLCO Melco Resorts & Entertainment L	Melco Resorts & Entertainment L	Sell	-146,901	-2.8%	$26.67M	5,061,285
Q1 2025	OSCR Oscar Health, Inc.	Oscar Health, Inc.	Sell	-1,034,299	-33.0%	$27.49M	2,096,785
Q1 2025	PCH PotlatchDeltic Corporation - Co	PotlatchDeltic Corporation - Co	Sell	-168,811	-17.1%	$37.01M	820,355
Q1 2025	PVH PVH Corp.	PVH Corp.	Buy	+95,669	+18.8%	$39.15M	605,686
Q1 2025	PYPL PayPal Holdings, Inc.	PayPal Holdings, Inc.	Sell	-8,444	-1.5%	$37.26M	571,093
Q1 2025	REGN Regeneron Pharmaceuticals, Inc.	Regeneron Pharmaceuticals, Inc.	Buy - Position Entry	+114,880	-	$72.86M	114,880
Q1 2025	RTX RTX Corporation	RTX Corporation	Sell - Position Exit	-524,993	-100.0%	$0.00	-
Q1 2025	SHEN Shenandoah Telecommunications C	Shenandoah Telecommunications C	Buy - Position Entry	+909,818	-	$11.44M	909,818
Q1 2025	SN SharkNinja	SharkNinja	Buy	+107,011	+24.4%	$45.49M	545,403
Q1 2025	TIGO Millicom	Millicom	Sell	-393,284	-16.3%	$61.08M	2,017,973

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