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{{short description|American value investor}}
{{Infobox person
{{Infobox person
|name = Mason Hawkins
|name = Otis "Mason" Hawkins
|image =
|image =
|image_size = 150px
|birth_date =
|birth_date =
|birth_place =
|birth_place =
|nationality = [[United States]]
|nationality = American
|field = Finance
|work_institutions =
|alma_mater = [[University of Florida]]<br>[[University of Georgia]]
|alma_mater = [[University of Florida]]<br>[[University of Georgia]]
⚫
|known_for = Founded Southeastern Asset Management, Inc. in 1975
|doctoral_advisor =
|boards = [[Charter School Growth Fund]]
|doctoral_students =
⚫
|known_for = Founding Southeastern Asset Management, Inc.
|spouse =
|spouse =
|prizes =
|awards =
}}
}}
'''Otis "Mason" Hawkins''' is an American [[Value investing|value investor]] and the founder, chairman, and former [[chief executive officer]] of [[Southeastern Asset Management, Inc.]]<ref name="tiger">{{Cite news| url = http://www.tiger21.com/Presenter-Bio.aspx?pid=1986|title= O. MASON HAWKINS|publisher= Tiger 21 |accessdate = May 15, 2014}}</ref> In 1975, Hawkins founded Southeastern Asset Management, a $35 billion employee-owned, global investment management firm and the investment advisor to the Longleaf Partners Funds, a suite of mutual funds and [[UCITS]] funds.<ref name="value">{{Cite news| url = http://www.valuewalk.com/mason-hawkins-resource-page/|title= Mason Hawkins Resource Page|publisher= Value Walk |accessdate = May 16, 2014}}</ref><ref name="leaf">{{Cite news| url = http://www.longleafpartners.com/ |title= Longleaf Partners Funds|publisher= Longleaf Partners Funds |accessdate = May 15, 2014}}</ref><ref name="whale">{{Cite news| url = https://whalewisdom.com/filer/southeastern-asset-management-inc-tn|title= SOUTHEASTERN ASSET MANAGEMENT INC|publisher= Whale Wisdom |date = March 31, 2014}}</ref>
'''Otis "Mason" Hawkins''' is a noted [[Value investing|value investor]]. In 1975 he founded Southeastern Asset Management, which as of year-end 2006 managed $39.8 billion on behalf of both institutional and retail investors. One of his flagship funds, the Small Cap Fund, is closed to new investors.


== History ==
== Professional history ==
Hawkins received a B.A. in Finance from the [[University of Florida]] in 1970 and an M.B.A. in Finance from the [[University of Georgia]] in 1971. Hawkins was Director of Research at First Tennessee Investment Management (1974–1975) and Director of Research at Atlantic National Bank (1972–1973). In 1975 Hawkins was one of three partners who founded Southeastern. In the early 80's two of the four partners left to start their own firm.
Hawkins was Director of Research at First Tennessee Investment Management (1974–1975) and Director of Research at [[Atlantic National Bank]] (1972–1973), prior to founding Southeastern. He received a B.A. in Finance from the [[University of Florida]] in 1970 and an M.B.A. in Finance from the [[University of Georgia]] in 1971. Hawkins also holds the [[Chartered Financial Analyst]] (CFA) designation.<ref name="tiger"/><ref>{{Cite news| url = http://www.insidermonkey.com/hedge-fund/southeastern+asset+management/118/|title= Mason Hawkins Bio, Returns, Net Worth|publisher= Insider Monkey |accessdate = May 18, 2014}}</ref><ref>{{Cite news| url = http://www.conference-board.org/retrievefile.cfm?filename=Southeastern%20Asset%20Profile.pdf&type=subsite|title= Southeastern Asset Management, Inc.|publisher= [[The Conference Board, Inc.]] |date = September 30, 2009}}</ref>


In 1975, Hawkins founded Southeastern Asset Management and later launched the Longleaf Partners Funds, a suite of mutual funds and UCITS funds, in 1987.<ref name="whale"/><ref>{{Cite news| url = http://investing.businessweek.com/research/stocks/private/person.asp?personId=660309&privcapId=4842823| archive-url = https://archive.today/20140520020805/http://investing.businessweek.com/research/stocks/private/person.asp?personId=660309&privcapId=4842823| url-status = dead| archive-date = May 20, 2014|title= Otis Mason Hawkins CFA|publisher= [[Bloomberg Businessweek]] |accessdate = May 17, 2014}}</ref>
Southeastern Asset Management has twice complained about the true value of technology companies that it has invested in before these went through purchases, Sun in 2008 and Dell in 2013.<ref>[http://www.theregister.co.uk/2013/02/10/southeastern_asset_dell_lbo_deal_analysis/ "Big Dell shareholder says LBO is 'woefully inadequate'."]</ref>

== Investment strategy ==
Hawkins is a value investor. When considering prospective investments, he looks for three criteria: strong businesses with good people, at deeply discounted prices.<ref name="value"/>

Hawkins invests in businesses with solid balance sheets. He looks for businesses that trade at far below intrinsic value and have a capable management team, which are important factors for long-term success. His firm, Southeastern Asset Management, has concentrated portfolios with 18-22 stocks usually.<ref name="leaf"/><ref>{{Cite news| url = http://www.nasdaq.com/article/mason-hawkins-increases-holdings-in-5-stocks-cm246484|author= GuruFocus|title= Mason Hawkins Increases Holdings in 5 Stocks|publisher= [[NASDAQ]] |date = May 15, 2013}}</ref><ref>{{Cite news| url = http://www.morningstar.com/topics/insiders/o.-mason-hawkins.htm|title= O. Mason Hawkins|publisher= [[Morningstar, Inc.]] |accessdate = May 17, 2014}}</ref>

== Awards ==
Hawkins received ''[[Institutional Investor (magazine)]]’s'' Lifetime Achievement Award in 2005.<ref>{{Cite news |url= http://www.institutionalinvestor.com/Article/1024973/Longleafs-Hawkins-Wins-Lifetime-Achievement-Award.html |title= Longleaf's Hawkins Wins Lifetime Achievement Award |publisher= [[Institutional Investor (magazine)|Institutional Investor]] |date= January 11, 2005 |access-date= May 20, 2014 |archive-url= https://web.archive.org/web/20150924035324/http://www.institutionalinvestor.com/Article/1024973/Longleafs-Hawkins-Wins-Lifetime-Achievement-Award.html |archive-date= September 24, 2015 |url-status= dead }}</ref> He and Southeastern Asset Management President and Chief Investment Officer Staley Cates were also named [[Morningstar, Inc.]] Domestic Equity Fund Managers of the Year in 2006 and were nominees for the same in 2003 and 2009.<ref name="memphis">{{Cite news |url= http://www.memphis.edu/fcbe/events/2012/cates_1004.php |title= FCBE Events |publisher= [[University of Memphis]] |date= October 4, 2012 |access-date= May 20, 2014 |archive-url= https://web.archive.org/web/20140521012410/http://www.memphis.edu/fcbe/events/2012/cates_1004.php |archive-date= May 21, 2014 |url-status= dead }}</ref> Hawkins’s firm, Southeastern Asset Management, was selected as Equity Manager of the Year at the ''Foundation and Endowment Money Management’s'' Nonprofit Awards for Excellence in 2007.<ref>{{Cite news| url = http://www.iinews.com/site/pdfs/FEMM_11_2007_Southeastern.pdf|title= Nonprofit Awards for Excellence: Equity Manager of the Year |publisher= [[Institutional Investor (magazine)|Institutional Investor]] |date = November 2007}}</ref>

Southeastern Asset Management's investment approach and Hawkins as its leader were featured in Chapter 10 of Yale endowment Chief Investment Officer [[David Swensen]]’s book ''Unconventional Success''.<ref name="memphis"/>


== References ==
== References ==
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* [http://www.longleafpartners.com/ Southeastern Asset Management website]
* [http://www.longleafpartners.com/ Southeastern Asset Management website]
* [http://www.gurufocus.com/holdings.php?GuruName=Mason+Hawkins Southeastern Asset Management Stock Holdings]
* [http://www.gurufocus.com/holdings.php?GuruName=Mason+Hawkins Southeastern Asset Management Stock Holdings]
* [http://www.businessweek.com/1998/46/b3604181.htm Good Things Happen to Those Who Wait], BusinessWeek article about Hawkins
* [https://web.archive.org/web/19991007022830/http://www.businessweek.com/1998/46/b3604181.htm Good Things Happen to Those Who Wait], BusinessWeek article about Hawkins
* [http://www.oid.com/public/html/excerpts/Longleaf99ex/OIDLONGLEAFex99_01.html Bouts of Market Fear and Company Shortfalls Have Created Compelling Opportunities], Outstanding Investor Digest article about Hawkins
* [https://web.archive.org/web/20070413145350/http://www.oid.com/public/html/excerpts/Longleaf99ex/OIDLONGLEAFex99_01.html Bouts of Market Fear and Company Shortfalls Have Created Compelling Opportunities], Outstanding Investor Digest article about Hawkins
* [http://www.fool.com/investing/mutual-funds/2006/09/21/better-know-a-stock-picker.aspx Better Know a Stock Picker], Motley Fool article about Hawkins
* [http://www.fool.com/investing/mutual-funds/2006/09/21/better-know-a-stock-picker.aspx Better Know a Stock Picker], Motley Fool article about Hawkins
* [http://bear.cba.ufl.edu/karceski/fin4504k/wsj/mason%20hawkins.pdf The Best Mutual Fund Company in America], Money Magazine article about Hawkins
* [https://web.archive.org/web/20090320141835/http://bear.cba.ufl.edu/karceski/fin4504k/wsj/mason%20hawkins.pdf The Best Mutual Fund Company in America], Money Magazine article about Hawkins
* [http://advisor.morningstar.com/articles/doc.asp?docId=12676 2006 Fund Managers of the Year], Morningstar article about Hawkins and his partner Staley Cates
* [http://advisor.morningstar.com/articles/doc.asp?docId=12676 2006 Fund Managers of the Year], Morningstar article about Hawkins and his partner Staley Cates


{{Persondata <!-- Metadata: see [[Wikipedia:Persondata]]. -->
| NAME =Hawkins, Mason
| ALTERNATIVE NAMES =
| SHORT DESCRIPTION =
| DATE OF BIRTH = 1948
| PLACE OF BIRTH =
| DATE OF DEATH =
| PLACE OF DEATH =
}}
{{DEFAULTSORT:Hawkins, Mason}}
{{DEFAULTSORT:Hawkins, Mason}}
[[Category:1948 births]]
[[Category:1948 births]]
[[Category:Living people]]
[[Category:Living people]]
[[Category:American money managers]]
[[Category:American money managers]]
⚫
[[Category:Equity securities]]
[[Category:American investors]]
[[Category:American investors]]
[[Category:University of Florida alumni]]
[[Category:University of Florida alumni]]
[[Category:University of Georgia alumni]]
[[Category:Terry College of Business alumni]]
⚫
[[Category:CFA charterholders]]

Latest revision as of 19:07, 24 August 2024

Otis "Mason" Hawkins
NationalityAmerican
Alma materUniversity of Florida
University of Georgia
Known forFounded Southeastern Asset Management, Inc. in 1975
Board member ofCharter School Growth Fund

Otis "Mason" Hawkins is an American value investor and the founder, chairman, and former chief executive officer of Southeastern Asset Management, Inc.[1] In 1975, Hawkins founded Southeastern Asset Management, a $35 billion employee-owned, global investment management firm and the investment advisor to the Longleaf Partners Funds, a suite of mutual funds and UCITS funds.[2][3][4]

Professional history

[edit]

Hawkins was Director of Research at First Tennessee Investment Management (1974–1975) and Director of Research at Atlantic National Bank (1972–1973), prior to founding Southeastern. He received a B.A. in Finance from the University of Florida in 1970 and an M.B.A. in Finance from the University of Georgia in 1971. Hawkins also holds the Chartered Financial Analyst (CFA) designation.[1][5][6]

In 1975, Hawkins founded Southeastern Asset Management and later launched the Longleaf Partners Funds, a suite of mutual funds and UCITS funds, in 1987.[4][7]

Investment strategy

[edit]

Hawkins is a value investor. When considering prospective investments, he looks for three criteria: strong businesses with good people, at deeply discounted prices.[2]

Hawkins invests in businesses with solid balance sheets. He looks for businesses that trade at far below intrinsic value and have a capable management team, which are important factors for long-term success. His firm, Southeastern Asset Management, has concentrated portfolios with 18-22 stocks usually.[3][8][9]

Awards

[edit]

Hawkins received Institutional Investor (magazine)’s Lifetime Achievement Award in 2005.[10] He and Southeastern Asset Management President and Chief Investment Officer Staley Cates were also named Morningstar, Inc. Domestic Equity Fund Managers of the Year in 2006 and were nominees for the same in 2003 and 2009.[11] Hawkins’s firm, Southeastern Asset Management, was selected as Equity Manager of the Year at the Foundation and Endowment Money Management’s Nonprofit Awards for Excellence in 2007.[12]

Southeastern Asset Management's investment approach and Hawkins as its leader were featured in Chapter 10 of Yale endowment Chief Investment Officer David Swensen’s book Unconventional Success.[11]

References

[edit]
  1. ^ a b "O. MASON HAWKINS". Tiger 21. Retrieved May 15, 2014.
  2. ^ a b "Mason Hawkins Resource Page". Value Walk. Retrieved May 16, 2014.
  3. ^ a b "Longleaf Partners Funds". Longleaf Partners Funds. Retrieved May 15, 2014.
  4. ^ a b "SOUTHEASTERN ASSET MANAGEMENT INC". Whale Wisdom. March 31, 2014.
  5. ^ "Mason Hawkins Bio, Returns, Net Worth". Insider Monkey. Retrieved May 18, 2014.
  6. ^ "Southeastern Asset Management, Inc". The Conference Board, Inc. September 30, 2009.
  7. ^ "Otis Mason Hawkins CFA". Bloomberg Businessweek. Archived from the original on May 20, 2014. Retrieved May 17, 2014.
  8. ^ GuruFocus (May 15, 2013). "Mason Hawkins Increases Holdings in 5 Stocks". NASDAQ.
  9. ^ "O. Mason Hawkins". Morningstar, Inc. Retrieved May 17, 2014.
  10. ^ "Longleaf's Hawkins Wins Lifetime Achievement Award". Institutional Investor. January 11, 2005. Archived from the original on September 24, 2015. Retrieved May 20, 2014.
  11. ^ a b "FCBE Events". University of Memphis. October 4, 2012. Archived from the original on May 21, 2014. Retrieved May 20, 2014.
  12. ^ "Nonprofit Awards for Excellence: Equity Manager of the Year" (PDF). Institutional Investor. November 2007.
[edit]
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