Mason Hawkins Exits Kellanova Co with a Significant Portfolio Impact

GuruFocus.com11-14 23:01

Insights from the Latest 13F Filing for Q3 2024 Mason Hawkins (Trades, Portfolio), the seasoned Chairman and CEO of Southeastern Asset Management, has been steering the Longleaf Partners Funds since ...

Source Link

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

We need your insight to fill this gap

Leave a comment

{"i18n":{"language":"en_US"},"isChannel":false,"data":{"share":"https://ttm.financial/m/news/2483388146?lang=en_US&edition=fundamental","thumbnail":"https://s.yimg.com/uu/api/res/1.2/MUB1IOvjyRKbA6FTWWhm8A--~B/aD05MDI7dz0xMjQyO2FwcGlkPXl0YWNoeW9u/https://media.zenfs.com/en/us.finance.gurufocus/71cc476b1840332dc6d8fdea71e3c1e1","is_english":true,"pubTime":"2024-11-14 23:01","share_image_url":"https://static.laohu8.com/5f26f4a48f9cb3e29be4d71d3ba8c038","id":"2483388146","market":"us","top_or_hot":-1,"title":"Mason Hawkins Exits Kellanova Co with a Significant Portfolio Impact","media":"GuruFocus.com","content":"<div>\n<p>Insights from the Latest 13F Filing for Q3 2024\nMason Hawkins (Trades, Portfolio), the seasoned Chairman and CEO of Southeastern Asset Management, has been steering the Longleaf Partners Funds since ...</p>\n\n<a href=\"https://finance.yahoo.com/news/mason-hawkins-exits-kellanova-co-150146802.html\">Source Link</a>\n\n</div>\n","source":"yahoofinance","html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Mason Hawkins Exits Kellanova Co with a Significant Portfolio Impact</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nMason Hawkins Exits Kellanova Co with a Significant Portfolio Impact\n</h2>\n\n<h4 class=\"meta\">\n\n\n2024-11-14 23:01 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://finance.yahoo.com/news/mason-hawkins-exits-kellanova-co-150146802.html><strong>GuruFocus.com</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Insights from the Latest 13F Filing for Q3 2024\nMason Hawkins (Trades, Portfolio), the seasoned Chairman and CEO of Southeastern Asset Management, has been steering the Longleaf Partners Funds since ...</p>\n\n<a href=\"https://finance.yahoo.com/news/mason-hawkins-exits-kellanova-co-150146802.html\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"BK4113","symbol_name":"食品零售","start_time":0,"source_url":"https://finance.yahoo.com/news/mason-hawkins-exits-kellanova-co-150146802.html","article_id":"2483388146","we_media_id":null,"thumbnails":["https://s.yimg.com/uu/api/res/1.2/MUB1IOvjyRKbA6FTWWhm8A--~B/aD05MDI7dz0xMjQyO2FwcGlkPXl0YWNoeW9u/https://media.zenfs.com/en/us.finance.gurufocus/71cc476b1840332dc6d8fdea71e3c1e1"],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2483388146","pubTimestamp":1731596506,"sourceInfo":{"source_id":"yahoofinance","name":"雅虎金融"},"weMediaInfo":null,"summary":"Mason Hawkins , the seasoned Chairman and CEO of Southeastern Asset Management, has been steering the Longleaf Partners Funds since 1975. A graduate with a B.A. in Finance from the University of Florida and an M.B.A. from the University of Georgia, Hawkins is a staunch value investor. His investment philosophy centers on acquiring stakes in robust businesses with competent management at prices well below their intrinsic value. Typically, his target is companies trading at 60% or less of their intrinsic value, determined through asset valuation and discounted cash flow analysis. His strategy also involves maintaining a concentrated portfolio, often comprising fewer than 25 stocks.GuruFocus has detected 7 Warning Signs with CNX.Albertsons Companies Inc  was the primary new addition with 2,772,731 shares, representing 2.42% of the portfolio and valued at $51.24 million.As of the third quarter of 2024, Mason Hawkins 's portfolio included 44 stocks. The top holdings were 9.48% in CNX Resour","collect":0,"end_time":0,"defaultTopTitle":"yahoo.com","property":[],"viewcount":null,"language":"en","relate_stocks":{"BK4113":"食品零售","PCH":"Potlatch Corporation","HWKN":"霍金斯材料","WBD":"Warner Bros. Discovery","LU2108987350.USD":"UBS (LUX) EQUITY SICAV GLOBAL OPPORTUNITY SUSTAINABLE (USD) \"P\" (USD) ACC",".IXIC":"NASDAQ Composite","LU0052756011.USD":"TEMPLETON GLOBAL BALANCED \"A\" (USD) INC","LU2125909759.SGD":"Natixis Thematics Safety H-R/A SGD","QID":"纳指两倍做空ETF","IE00B7SZLL34.SGD":"Legg Mason ClearBridge - Value A Acc SGD-H","BK4084":"特种房地产投资信托","LU2125909916.SGD":"Natixis Thematics Safety R/A SGD","AMG":"AMG资管","FIS":"繁德信息技术","IE00B19Z3B42.SGD":"Legg Mason ClearBridge - Value A Acc SGD","LU1267930227.SGD":"TEMPLETON GLOBAL BALANCED \"AS\" (SGD) ACC A","SQQQ":"纳指三倍做空ETF","LU0130518102.USD":"HARRIS ASSOCIATES GLOBAL EQUITY \"R\" INC","LU0072461881.USD":"BGF US BASIC VALUE \"A2\" ACC","HSIC":"汉瑞祥","LU1861217088.USD":"贝莱德金融科技A2","CNX":"康索尔能源","LU1861220207.SGD":"Blackrock FinTech A2 SGD-H","LU0130102774.USD":"Natixis Harris Associates US Equity RA USD","QLD":"纳指两倍做多ETF","LU0070302665.USD":"FRANKLIN MUTUAL U.S. VALUE \"A\" (USD) ACC","BK4213":"石油与天然气的勘探与生产","TQQQ":"纳指三倍做多ETF","IE0002270589.USD":"LEGG MASON CLEARBRIDGE VALUE \"A\" (USD) INC","BK4175":"保健护理产品经销商","BK4106":"数据处理与外包服务","PSQ":"纳指反向ETF","DOLE":"都乐食品","LU0130103400.USD":"Natixis Harris Associates Global Equity RA USD","LU0354030511.USD":"ALLSPRING  U.S. LARGE CAP GROWTH \"I\" (USD) ACC","LU2360107671.USD":"BGF FINTECH \"A4\" (USD) INC","BK4108":"电影和娱乐","BK4585":"ETF&股票定投概念","LU0077335932.USD":"FIDELITY AMERICAN GROWTH \"A\" INC","FI":"费哲金融服务","IAC":"IAC Inc","ACI":"艾伯森","BK4227":"交易和支付处理服务","LU0980610538.SGD":"Natixis Harris Associates US Equity RA SGD-H","K":"家乐氏","MAT":"美国美泰公司","LU0234570918.USD":"高盛全球核心股票组合Acc Close"},"translate_title":"梅森·霍金斯(Mason Hawkins)退出Kellanova Co，对投资组合产生重大影响","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"ACI":1,"WBD":1,"PCH":1,"MAT":1,"K":1,"IAC":1,"HWKN":1,"HSIC":1,"FIS":1,"FI":1,"DOLE":1,"AMG":1,".IXIC":0.9,"CNX":0.9,"SQQQ":0.6,"TQQQ":0.6,"PSQ":0.6,"QID":0.6,"QLD":0.6,"MNQmain":0.6,"NQmain":0.6},"content_text":"Insights from the Latest 13F Filing for Q3 2024\nMason Hawkins (Trades, Portfolio), the seasoned Chairman and CEO of Southeastern Asset Management, has been steering the Longleaf Partners Funds since 1975. A graduate with a B.A. in Finance from the University of Florida and an M.B.A. from the University of Georgia, Hawkins is a staunch value investor. His investment philosophy centers on acquiring stakes in robust businesses with competent management at prices well below their intrinsic value. Typically, his target is companies trading at 60% or less of their intrinsic value, determined through asset valuation and discounted cash flow analysis. His strategy also involves maintaining a concentrated portfolio, often comprising fewer than 25 stocks.\n\nWarning! GuruFocus has detected 7 Warning Signs with CNX.\n\n\nNew Additions to the Portfolio\nMason Hawkins (Trades, Portfolio) made notable new investments in the third quarter of 2024 by adding two stocks to his portfolio:\n\nAlbertsons Companies Inc (NYSE:ACI) was the primary new addition with 2,772,731 shares, representing 2.42% of the portfolio and valued at $51.24 million.\nHenry Schein Inc (NASDAQ:HSIC) was also added with 15,600 shares, making up about 0.05% of the portfolio, valued at $1,137,240.\n\nKey Position Increases\nDuring the same period, Hawkins increased his stakes in four companies:\n\nPotlatchDeltic Corp (NASDAQ:PCH) saw an addition of 117,045 shares, bringing the total to 989,166 shares. This adjustment increased the share count by 13.42% and had a 0.25% impact on the current portfolio, valued at $44.56 million.\nDole PLC (NYSE:DOLE) also saw an increase of 146,001 shares, bringing the total to 1,773,705 shares. This adjustment increased the share count by 8.97% and the total value to $28.89 million.\n\nSignificant Exits\nMason Hawkins (Trades, Portfolio) decided to exit five positions entirely in the third quarter of 2024:\n\nKellanova Co (NYSE:K) was a major exit, with all 1,969,069 shares sold, impacting the portfolio by -4.95%.\nFiserv Inc (NYSE:FI) was another significant exit, with all 211,917 shares sold, impacting the portfolio by -1.38%.\n\nMajor Reductions in Holdings\nHawkins also reduced his positions in 27 stocks. Notable reductions include:\n\nWarner Bros. Discovery Inc (NASDAQ:WBD) was reduced by 4,160,040 shares, a -38.41% decrease, impacting the portfolio by -1.35%. The stock traded at an average price of $7.81 during the quarter.\nCNX Resources Corp (NYSE:CNX) was reduced by 1,032,240 shares, a -14.33% decrease, impacting the portfolio by -1.09%. The stock traded at an average price of $26.93 during the quarter.\n\nPortfolio Overview\nAs of the third quarter of 2024, Mason Hawkins (Trades, Portfolio)'s portfolio included 44 stocks. The top holdings were 9.48% in CNX Resources Corp (NYSE:CNX), 7.18% in Mattel Inc (NASDAQ:MAT), 6.08% in Affiliated Managers Group Inc (NYSE:AMG), 5.92% in Fidelity National Information Services Inc (NYSE:FIS), and 5.76% in IAC Inc (NASDAQ:IAC). The holdings are predominantly concentrated in 9 of the 11 industries, including Consumer Cyclical, Communication Services, Consumer Defensive, Financial Services, Energy, Industrials, Healthcare, Real Estate, and Technology.\n\n\nThis article, generated by GuruFocus, is designed to provide general insights and is not tailored financial advice. Our commentary is rooted in historical data and analyst projections, utilizing an impartial methodology, and is not intended to serve as specific investment guidance. It does not formulate a recommendation to purchase or divest any stock and does not consider individual investment objectives or financial circumstances. Our objective is to deliver long-term, fundamental data-driven analysis. Be aware that our analysis might not incorporate the most recent, price-sensitive company announcements or qualitative information. GuruFocus holds no position in the stocks mentioned herein.This article first appeared on \nGuruFocus.","kind":null,"is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"-1","news_tag":"","news_rank":0,"symbols":[],"gpt_button":0},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.29.1","shortVersion":"4.29.1","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2483388146"}