13F-HR 1 f13f1206.txt SCH 13F DEC UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D. C. 20549 Form 13F Form 13F COVER PAGE Report for the Calendar Year or Quarter Ended: 12/31/2006 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. Address: 6410 Poplar Avenue, Suite 900 Memphis, Tennessee 38119 Form 13F File Number: 28-1399 The institutional investment manager filing this report and the person signing the report 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 to be integral parts of this form. Person Signing this Report on Behalf of Reporting Manager: Name: Randy D. Holt Title: Vice President and Secretary Phone: 901-818-5100 Signature, Place, and Date of Signing: Randy D. Holt Memphis, Tennessee 02/13/2007 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 reported are 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).) List of Other Managers Reporting for this Manager: None Form 13F SUMMARY PAGE Report Summary: Number of Other Included Managers: 1 Form 13F Information Table Entry Total: 106 Form 13f Information Table Value Total: 30128245 (thousands) 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. No. Form 13F File Number Name 01 28-N/A Longleaf Partners Funds Trust, an investment company registered under the Investment Company Act of 1940 (File # 811-4923) on behalf of one or more of its three series: Longleaf Partners Fund Longleaf Partners Small-Cap Fund Longleaf Partners International Fund FORM 13F INFORMATION TABLE VALUE SHARES/ SH/ PUT/ INVSTMT OTHER VOTING AUTHORITY NAME OF ISSUER TITLE OF CLASS CUSIP (x$1000) PRN AMT PRN CALL DSCRETN MANAGERS SOLE SHARED NONE ------------------------------ ---------------- --------- -------- -------- --- ---- ------- ------------ -------- -------- -------- Aon Corporation COM 037389103 906535 25651800 SH Sole 21473800 4178000 516918 14627000 SH Defined 01 14627000 883 25000 SH Other 25000 CEMEX S.A.B. de C.V. ADR COM 151290889 1112373 32832722 SH Sole 28579152 4253570 697890 20598872 SH Defined 01 20598872 810 23906 SH Other 23906 Chesapeake Energy Corporation COM 165167107 505546 17402620 SH Sole 14425620 2977000 415865 14315500 SH Defined 01 14315500 116 4000 SH Other 4000 Comcast Corporation Cl A COM 20030N101 16007 378141 SH Sole 193141 185000 Comcast Corporation Spl Cl A COM 20030N200 727266 17365462 SH Sole 14938462 2427000 421145 10055996 SH Defined 01 10055996 733 17500 SH Other 17500 Del Monte Foods Company COM 24522P103 1506 136550 SH Sole 136550 98152 8898600 SH Defined 01 8898600 Dell Inc. COM 24702R101 1850158 73740853 SH Sole 63993575 9747278 1311343 52265567 SH Defined 01 52265567 1530 61000 SH Other 61000 DIRECTV Group, Inc. COM 25459L106 1460946 58578424 SH Sole 50738223 7840201 600318 24070500 SH Defined 01 24070500 1058 42408 SH Other 42408 Discovery Holding Company COM 25468Y107 178750 11109410 SH Sole 9923110 1186300 269626 16757344 SH Defined 01 16757344 98 6100 SH Other 6100 EBay Inc. COM 278642103 67972 2260458 SH Sole 2084000 176458 147797 4915100 SH Defined 01 4915100 Everest Re Group, Ltd. COM G3223R108 204157 2080900 SH Sole 1896900 184000 139493 1421800 SH Defined 01 1421800 Fair Isaac Corporation COM 303250104 1191 29300 SH Sole 29300 77333 1902400 SH Defined 01 1902400 FedEx Corporation COM 31428X106 409128 3766600 SH Sole 3047600 719000 434328 3998600 SH Defined 01 3998600 710 6533 SH Other 6533 First Horizon National Corpora COM 320517105 1003 24000 SH Sole 24000 General Motors Corporation COM 370442105 799190 26015300 SH Sole 22094600 3920700 437453 14240000 SH Defined 01 14240000 645 21000 SH Other 21000 Hilb Rogal & Hobbs Company COM 431294107 3075 73000 SH Sole 73000 148532 3526400 SH Defined 01 3526400 IDT Corporation COM 448947101 85 6300 SH Sole 6300 6216 459400 SH Defined 01 459400 IDT Corporation Cl B COM 448947309 1869 142900 SH Sole 142900 121489 9288162 SH Defined 01 9288162 IHOP Corp. COM 449623107 25770 489000 SH Sole 287000 202000 156946 2978100 SH Defined 01 2978100 Ingersoll-Rand Company Limited COM G4776G101 219836 5618100 SH Sole 5054282 563818 153820 3931000 SH Defined 01 3931000 Jacuzzi Brands, Inc. COM 469865109 45752 3680800 SH Sole 2532500 1148300 181600 14609800 SH Defined 01 14609800 Level 3 Communications, Inc. COM 52729N100 290312 51841419 SH Sole 45964750 5876669 722988 129105002 SH Defined 01 129105002 Liberty Media Corporation Capi COM 53071M302 839179 8564795 SH Sole 7498945 1065850 395660 4038172 SH Defined 01 4038172 456 4650 SH Other 4650 Liberty Media Corporation Inte COM 53071M104 1010659 46854863 SH Sole 40639913 6214950 487151 22584666 SH Defined 01 22584666 803 37250 SH Other 37250 Millea Holdings, Inc. ADR COM 60032R106 197662 5510500 SH Sole 4251500 1259000 News Corporation COM 65248E203 42468 1907796 SH Sole 1907796 94719 4255140 SH Defined 01 4255140 NTT DoCoMo, Inc. ADR COM 62942M201 36150 2277900 SH Sole 1768900 509000 Odyssey Re Holdings Corp. COM 67612W108 61955 1661000 SH Sole 1055000 606000 31474 843800 SH Defined 01 843800 PepsiAmericas, Inc. COM 71343P200 10098 481300 SH Sole 389300 92000 110416 5262900 SH Defined 01 5262900 Pioneer Natural Resources Comp COM 723787107 422845 10653700 SH Sole 8559200 2094500 507584 12788700 SH Defined 01 12788700 635 16000 SH Other 16000 Potlatch Corporation COM 737630103 2478 56545 SH Sole 56545 162223 3702022 SH Defined 01 3702022 Royal Philips Electronics ADR COM 500472303 800272 21295167 SH Sole 18308267 2986900 175740 4676434 SH Defined 01 4676434 752 20000 SH Other 20000 Ruddick Corporation COM 781258108 1299 46800 SH Sole 46800 133852 4823500 SH Defined 01 4823500 Service Corporation Internatio COM 817565104 2697 263100 SH Sole 263100 171374 16719400 SH Defined 01 16719400 Sprint Nextel Corporation COM 852061100 975771 51655400 SH Sole 45732900 5922500 506590 26817900 SH Defined 01 26817900 869 46000 SH Other 46000 Symantec Corporation COM 871503108 444472 21317607 SH Sole 17766607 3551000 131664 6314800 SH Defined 01 6314800 855 41000 SH Other 41000 Telephone and Data Systems, In COM 879433100 138569 2550500 SH Sole 2200500 350000 83168 1530800 SH Defined 01 1530800 326 6000 SH Other 6000 Telephone and Data Systems, In COM 879433860 599378 12084237 SH Sole 9884100 2200137 281044 5666200 SH Defined 01 5666200 298 6000 SH Other 6000 Texas Industries, Inc. COM 882491103 2993 46600 SH Sole 46600 208414 3244800 SH Defined 01 3244800 Vail Resorts, Inc. COM 91879Q109 341 7600 SH Sole 7600 54318 1211917 SH Defined 01 1211917 Walt Disney Company COM 254687106 1246194 36364000 SH Sole 31233500 5130500 530835 15489800 SH Defined 01 15489800 994 29000 SH Other 29000 Wendy's International, Inc. COM 950590109 121235 3663800 SH Defined 01 3663800 Willis Group Holdings Limited COM G96655108 211813 5334000 SH Sole 4989000 345000 242191 6099000 SH Defined 01 6099000 Yum! Brands, Inc. COM 988498101 618221 10513962 SH Sole 9078900 1435062 701313 11927100 SH Defined 01 11927100 823 14000 SH Other 14000 Fairfax Financial Holdings Lim COM 303901102 379244 1904980 SH Sole 1677980 227000 357549 1796000 SH Defined 01 1796000 Level 3 Communications, Inc. C CONV 52729nbe9 291385 160764000 PRN Sole 134758000 26006000 402518 222079000 PRN Defined 01 222079000