By  on June 11, 2013

NEW YORK — Ending a six-month tenure as Saks Inc.’s largest shareholder, O. Mason Hawkins appears to have used the recent speculation about the retailer’s future as a profit-taking opportunity.

Hawkins’ Southeastern Asset Management Inc.’s most recent filing with the Securities and Exchange Commission, disclosed on Monday and reflecting transactions through May 31, listed Southeastern and its Longleaf Partners Small-Cap Fund as the holders of 17.4 million shares of Saks stock, representing 11.4 percent of those outstanding. This is 41.2 percent, or 12.2 million shares, below the level held when it last reported in February.

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