Mason Hawkins Exits PotlatchDeltic Corp, Impacting Portfolio by -5.6%

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Insights into Mason Hawkins (Trades, Portfolio)' Strategic Moves in Q1 2026

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Mason Hawkins (Trades, Portfolio) recently submitted the 13F filing for the first quarter of 2026, providing insights into his investment moves during this period. Mason Hawkins (Trades, Portfolio) has been Chairman and Chief Executive Officer of Southeastern Asset Management since 1975, and he and his partners manage the Longleaf Partners Funds. Mr. Hawkins attended the University of Florida where he earned a B.A. in Finance, and the University of Georgia where he earned an M.B.A. in Finance. Mason Hawkins (Trades, Portfolio) and his partners are value investors. When evaluating potential investments, they look for three things, "good business, good people, and a good price." Like many successful gurus, he and his partners seek to achieve superior long-term performance by acquiring equity securities in understandable businesses with strong balance sheets, run by capable management, and trading at less than intrinsic value. Typically, they only invest in companies trading at 60% or less of intrinsic value appraised by looking at the current value of a company's assets and liabilities and also by looking at the present value of future cash flows (DCF). They sell stocks when the stocks reach their intrinsic worth. Mason Hawkins (Trades, Portfolio) believes it is important to have a portfolio concentrated in only the best investment ideas, and the firm generally holds fewer than 25 stocks in each portfolio.Mason Hawkins Exits PotlatchDeltic Corp, Impacting Portfolio by -5.6%

Key Position Increases

Mason Hawkins (Trades, Portfolio) also increased stakes in a total of 12 stocks, among them:

The most notable increase was Rayonier Inc (NYSE:RYN), with an additional 5,083,702 shares, bringing the total to 10,762,643 shares. This adjustment represents a significant 89.52% increase in share count, a 5.16% impact on the current portfolio, with a total value of $221,925,690. The second largest increase was Mattel Inc (NASDAQ:MAT), with an additional 4,241,829 shares, bringing the total to 12,812,157. This adjustment represents a significant 49.49% increase in share count, with a total value of $186,160,650.

Summary of Sold Out

Mason Hawkins (Trades, Portfolio) completely exited 4 of the holdings in the first quarter of 2026, as detailed below:

PotlatchDeltic Corp (PCH): Mason Hawkins (Trades, Portfolio) sold all 3,162,963 shares, resulting in a -5.6% impact on the portfolio. The Walt Disney Co (NYSE:DIS): Mason Hawkins (Trades, Portfolio) liquidated all 317,175 shares, causing a -1.61% impact on the portfolio.

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Key Position Reduces

Mason Hawkins (Trades, Portfolio) also reduced positions in 15 stocks. The most significant changes include:

Reduced ACM Research Inc (NASDAQ:ACMR) by 897,281 shares, resulting in a -53.4% decrease in shares and a -1.58% impact on the portfolio. The stock traded at an average price of $53.09 during the quarter and has returned -1.80% over the past 3 months and 61.39% year-to-date. Reduced FedEx Corp (NYSE:FDX) by 111,627 shares, resulting in a -31.08% reduction in shares and a -1.44% impact on the portfolio. The stock traded at an average price of $347.13 during the quarter and has returned 0.69% over the past 3 months and 30.62% year-to-date.

Portfolio Overview

At the first quarter of 2026, Mason Hawkins (Trades, Portfolio)'s portfolio included 49 stocks, with the top holdings including 10.92% in Rayonier Inc (NYSE:RYN), 9.16% in Mattel Inc (NASDAQ:MAT), 7.92% in IAC Inc (NASDAQ:IAC), 7.61% in CNX Resources Corp (NYSE:CNX), and 6.22% in Albertsons Companies Inc (NYSE:ACI).Mason Hawkins Exits PotlatchDeltic Corp, Impacting Portfolio by -5.6%

The holdings are mainly concentrated in 10 of all the 11 industries: Consumer Cyclical, Consumer Defensive, Communication Services, Real Estate, Industrials, Healthcare, Energy, Technology, Financial Services, and Basic Materials.Mason Hawkins Exits PotlatchDeltic Corp, Impacting Portfolio by -5.6%

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