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HB

Harry Burn Sound Shore Management

AUM $3.25B
1-Year Est. Return 28.47%
 

Harry Burn is a co-founder of Sound Shore Management, a firm focused on large-cap value equities selected through fundamental research. Sound Shore is known for a disciplined valuation process and a relatively compact list of portfolio holdings. The firm is often cited among long-standing institutional value managers with a public-markets track record.

This Fund
S&P 500
This Quarter Est. Return
+3.8%
1 Year Est. Return
+28.47%
3 Year Est. Return
+91.38%
5 Year Est. Return
+105.4%
10 Year Est. Return
+14,034.45%
AUM
$5.81B
AUM Growth
-$132M
Cap. Flow
-$342M
Cap. Flow %
-5.88%
Top 10 Hldgs %
27.11%
Holding
59
New
1
Increased
12
Reduced
41
Closed
4

Top Buys

Rank Stock Value
1
PG icon
Procter & Gamble
PG
+$147M
2
TDC icon
Teradata
TDC
+$90.2M
3
SNY icon
Sanofi
SNY
+$27.8M
4
GE icon
GE Aerospace
GE
+$26.5M
5
ELV icon
Elevance Health
ELV
+$26.1M

Top Sells

Rank Stock Value
1
CTXS
Citrix Systems Inc
CTXS
+$155M
2
RSG icon
Republic Services
RSG
+$63.4M
3
TMO icon
Thermo Fisher Scientific
TMO
+$56.2M
4
SCHW
Charles Schwab
SCHW
+$50.5M
5
DTV
DIRECTV COM STK (DE)
DTV
+$43M

Sector Composition

Rank Sector Weight
1 Financials 20.81%
2 Healthcare 19.94%
3 Technology 17.05%
4 Energy 12.25%
5 Communication Services 8.53%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
NVS icon
26
Novartis
NVS
$302B
$129M 2.23%
1,699,164
-132,621
-7% -$9.66M
MRSH
27
Marsh
MRSH
$91.6B
$129M 2.23%
2,623,640
-194,592
-7% -$9.32M
DTV
28
DELISTED
DIRECTV COM STK (DE)
DTV
$129M 2.21%
1,682,185
-586,097
-26% -$43M
UNH icon
29
UnitedHealth
UNH
$350B
$123M 2.12%
1,506,048
-104,604
-6% -$7.87M
OI icon
30
O-I Glass
OI
$1.1B
$123M 2.12%
3,640,450
+268,719
+8% +$8.93M
VOD icon
31
Vodafone
VOD
$36.9B
$123M 2.11%
3,339,473
-347,509
-9% -$13.4M
AON icon
32
Aon
AON
$75.3B
$122M 2.09%
1,444,605
-145,773
-9% -$12.1M
GOOG icon
33
Alphabet (Google) Class C
GOOG
$4.18T
$121M 2.09%
4,371,685
-1,263,719
-22% -$36.8M
A icon
34
Agilent Technologies
A
$44.9B
$120M 2.07%
3,003,226
-661,870
-18% -$27.3M
TMO icon
35
Thermo Fisher Scientific
TMO
$233B
$119M 2.05%
992,292
-473,036
-32% -$56.2M
FLEX icon
36
Flex
FLEX
$40.8B
$118M 2.03%
16,983,688
-2,186,856
-11% -$14.1M
BHI
37
DELISTED
Baker Hughes
BHI
$118M 2.03%
1,811,169
-103,340
-5% -$6.11M
CAH icon
38
Cardinal Health
CAH
$53.4B
$116M 2%
1,664,219
-327,785
-16% -$22.8M
LUV icon
39
Southwest Airlines
LUV
$19.8B
$116M 2%
4,924,850
-1,576,027
-24% -$34.5M
KSS icon
40
Kohl's
KSS
$2B
$115M 1.98%
2,021,460
-133,757
-6% -$7.17M
HSP
41
DELISTED
HOSPIRA INC
HSP
$112M 1.92%
2,581,074
-193,033
-7% -$8.28M
TWX
42
DELISTED
Time Warner Inc
TWX
$108M 1.86%
1,721,603
-79,133
-4% -$4.97M
SCHW
43
Charles Schwab
SCHW
$194B
$80.4M 1.38%
2,941,899
-1,933,002
-40% -$50.5M
DO
44
DELISTED
Diamond Offshore Drilling
DO
$1.09M 0.02%
22,300
+5,700
+34% +$281K
TJX icon
45
TJX Companies
TJX
$155B
$791K 0.01%
26,068
-4,932
-16% -$149K
PM icon
46
Philip Morris
PM
$293B
$480K 0.01%
5,866
-1,284
-18% -$104K
MRK icon
47
Merck
MRK
$376B
$477K 0.01%
8,803
-419
-5% -$21.7K
JBLU icon
48
JetBlue
JBLU
$1.85B
$406K 0.01%
46,666
-8,334
-15% -$73.1K
IBM icon
49
IBM
IBM
$222B
$394K 0.01%
2,142
– –
CB
50
DELISTED
CHUBB CORPORATION
CB
$387K 0.01%
4,334
-666
-13% -$58.3K
1
2
3

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Harry Burn's Q1 2014 Portfolio in Review

As of Q1 2014, Harry Burn held 59 positions worth $5.81B, down 2.2% from $5.94B the previous quarter. Its ten largest holdings account for 27% of the portfolio.

Harry Burn withdrew a net $342M in Q1 2014, closing 4 positions and reducing 41 holdings. Its most notable exit was Citrix Systems Inc, an estimated $155M position sold in full.

By sector, the portfolio is most concentrated in Financials at 21% of assets, down from 22% a quarter earlier, followed by Healthcare and Technology.

Against the trend, Harry Burn opened a new position in Procter & Gamble worth $150M.

  • Harry Burn's largest Q1 2014 buy was Procter & Gamble: 1,860,153 shares worth $150M.
  • Harry Burn added most to Teradata in Q1 2014, an estimated $90.2M increase.
  • Harry Burn's biggest Q1 2014 reduction was Thermo Fisher Scientific, cutting an estimated $56.2M.
  • Harry Burn fully exited Citrix Systems Inc in Q1 2014, selling an estimated $155M.
  • Harry Burn's ten largest holdings make up 27% of its $5.81B portfolio in Q1 2014.
  • Harry Burn opened 1 new position and closed 4 in Q1 2014.
  • Harry Burn's portfolio value fell 2.2% quarter-over-quarter to $5.81B.

Based on Sound Shore Management's 13F filing for Q1 2014, filed 1 May 2014.