Mason Hawkins - Longleaf Partners 13F Activity & Position Changes (Q4 2014)

As of Dec 31, 2014, the Longleaf Partners portfolio activity showed several notable changes in holdings, according to the latest SEC 13F filing reported on May 15, 2026. 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 Q4 2014, the filing reported:

New Buys - Melco Resorts & Entertainment L

Increases - Franklin Resources, Inc., CNH Industrial, Graham Holdings Company, McDonald's Corporation, Murphy Oil Corporation, and 2 more

Reductions - Abbott Laboratories, The Bank of New York Mellon Cor, Berkshire Hathaway Inc. New, Everest Group, Empire State Realty Trust, Inc., and 6 more

Complete Exits - Berkshire Hathaway Inc., News Corporation, News Corporation, Vodafone Group Plc

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
Q4 2014	ABT Abbott Laboratories	Abbott Laboratories	Sell	-3,505,625	-28.1%	$404.19K	8,977,941
Q4 2014	BEN Franklin Resources, Inc.	Franklin Resources, Inc.	Buy	+6,735,337	+333.4%	$484.79K	8,755,386
Q4 2014	BK The Bank of New York Mellon Cor	The Bank of New York Mellon Cor	Sell	-8,819,598	-53.3%	$313.02K	7,715,683
Q4 2014	BRK-A Berkshire Hathaway Inc.	Berkshire Hathaway Inc.	Sell - Position Exit	-7	-100.0%	$0.00	-
Q4 2014	BRK-B Berkshire Hathaway Inc. New	Berkshire Hathaway Inc. New	Sell	-4,184,682	-99.6%	$2.52K	16,800
Q4 2014	CNH CNH Industrial	CNH Industrial	Buy	+8,927,691	+30.7%	$306.10K	37,977,686
Q4 2014	EG Everest Group	Everest Group	Sell	-42,903	-1.2%	$607.08K	3,564,755
Q4 2014	ESRT Empire State Realty Trust, Inc.	Empire State Realty Trust, Inc.	Sell	-2,343,053	-18.9%	$177.08K	10,072,700
Q4 2014	FDX FedEx Corporation	FedEx Corporation	Sell	-3,518,813	-37.5%	$1.02M	5,864,425
Q4 2014	GHC Graham Holdings Company	Graham Holdings Company	Buy	+37,988	+5.5%	$634.71K	734,869
Q4 2014	L Loews Corporation	Loews Corporation	Sell	-601,506	-1.7%	$1.43M	34,012,698
Q4 2014	MCD McDonald's Corporation	McDonald's Corporation	Buy	+4,665,066	+64.3%	$1.12M	11,917,684
Q4 2014	MDLZ Mondelez International, Inc.	Mondelez International, Inc.	Sell	-3,901,245	-12.7%	$971.37K	26,741,181
Q4 2014	MLCO Melco Resorts & Entertainment L	Melco Resorts & Entertainment L	Buy - Position Entry	+68,900	-	$1.75K	68,900
Q4 2014	MTN Vail Resorts, Inc.	Vail Resorts, Inc.	Sell	-160,386	-6.3%	$217.87K	2,390,787
Q4 2014	MUR Murphy Oil Corporation	Murphy Oil Corporation	Buy	+2,478,377	+17.5%	$839.82K	16,623,513
Q4 2014	NWS News Corporation	News Corporation	Sell - Position Exit	-25,356,215	-100.0%	$0.00	-
Q4 2014	NWSA News Corporation	News Corporation	Sell - Position Exit	-16,054,798	-100.0%	$0.00	-
Q4 2014	PHG Koninklijke Philips N.V. NY Reg	Koninklijke Philips N.V. NY Reg	Sell	-197,698	-1.1%	$530.38K	18,289,110
Q4 2014	RYN Rayonier Inc. REIT	Rayonier Inc. REIT	Buy	+48,200	+0.6%	$217.23K	7,774,721
Q4 2014	TRV The Travelers Companies, Inc.	The Travelers Companies, Inc.	Sell	-5,360,690	-59.3%	$389.24K	3,677,258
Q4 2014	VOD Vodafone Group Plc	Vodafone Group Plc	Sell - Position Exit	-6,156,294	-100.0%	$0.00	-
Q4 2014	VSAT ViaSat, Inc.	ViaSat, Inc.	Buy	+381,678	+12.3%	$219.42K	3,481,237