Billionaire Mason Hawkins’ Top 15 Long-Term Stock Picks 

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5. FedEx Corporation (NYSE:FDX)

Number of Hedge Fund Holders: 55

FedEx Corporation (NYSE:FDX) provides transportation and business services. During the third quarter of 2024, Southeastern Asset Management’s position in the company reached 444,862 shares, with a market value exceeding $121.7 million and forming 5.74% of its portfolio. FedEx is one of the long term stock picks of billionaire Mason Hawkins, evidenced by the fact that it has featured in the 13F portfolio of his hedge fund consistently, barring one quarter in 2012, since the fourth quarter of 2010. FedEx Corp has returned approximately $3.8 billion to stockholders through $2.5 billion in stock repurchases and $1.3 billion in dividend payments in the past year. Further, the company is also planning to repurchase $2.5 billion of common stock, including $1 billion during the first fiscal quarter of 2025, and previously announced a 10% increase in the annual dividend rate on its common stock to $5.52 per share. FedEx has announced its plan to spin off its freight-handling business into a standalone entity, which is expected to become the largest pure-play less-than-truckload (LTL) company in North America by revenue.

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