Harry Burn Sound Shore Management
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.
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
Merck
MRK
|
+$211M |
| 2 |
AerCap
AER
|
+$147M |
| 3 |
Exelon
EXC
|
+$133M |
| 4 |
Applied Materials
AMAT
|
+$30.5M |
| 5 |
Texas Instruments
TXN
|
+$29M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Microsoft
MSFT
|
+$166M |
| 2 |
DD
Du Pont De Nemours E I
DD
|
+$98M |
| 3 |
AES
AES
|
+$60.2M |
| 4 |
GE Aerospace
GE
|
+$54.7M |
| 5 |
Citizens Financial Group
CFG
|
+$33.7M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Financials | 26.75% |
| 2 | Healthcare | 16.56% |
| 3 | Technology | 15.97% |
| 4 | Communication Services | 13.89% |
| 5 | Consumer Discretionary | 6.98% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
|
26
AES
AES
$10.5B
| $161M | 2.59% |
12,115,748
-4,485,784
| -27% | -$60.2M |
|
|
27
GE Aerospace
GE
$361B
| $160M | 2.58% |
1,256,805
-421,588
| -25% | -$54.7M |
|
28
Procter & Gamble
PG
$336B
| $157M | 2.53% |
2,003,630
-30,167
| -1% | -$2.43M |
|
29
Agilent Technologies
A
$44.9B
| $144M | 2.33% |
3,744,952
-67,120
| -2% | -$2.79M |
|
30
Qualcomm
QCOM
$169B
| $143M | 2.3% |
2,275,355
-102,298
| -4% | -$6.98M |
|
|
31
AerCap
AER
$23B
| $142M | 2.29% |
+3,100,310
| New | +$147M |
|
32
Keysight
KEYS
$53.8B
| $139M | 2.24% |
4,467,942
-67,548
| -1% | -$2.31M |
|
33
O-I Glass
OI
$1.1B
| $138M | 2.22% |
5,997,960
-95,831
| -2% | -$2.33M |
|
34
CVS Health
CVS
$119B
| $137M | 2.21% |
1,310,870
-222,692
| -15% | -$22.8M |
|
35
Lowe's Companies
LOW
$121B
| $125M | 2.02% |
1,872,320
-153,862
| -8% | -$11M |
|
|
36
Exelon
EXC
$45.1B
| $124M | 2% |
+5,532,261
| New | +$133M |
|
37
Reliance Steel & Aluminium
RS
$19.8B
| $121M | 1.95% |
2,003,777
-363,320
| -15% | -$23M |
|
|
RDS.A
38
DELISTED
Royal Dutch Shell PLC ADS Class A
RDS.A
| $336K | 0.01% |
6,223
-94
| -1% | -$5.39K |
|
|
39
Microsoft
MSFT
$3.59T
| – | – |
-4,076,883
| Closed | -$166M |
|
|
DD
40
DELISTED
Du Pont De Nemours E I
DD
| – | – |
-1,443,797
| Closed | -$98M |
|
Similar funds
Harry Burn's Q2 2015 Portfolio in Review
As of Q2 2015, Harry Burn held 41 positions worth $6.21B, down 0.63% from $6.25B the previous quarter. Its ten largest holdings account for 32% of the portfolio.
Harry Burn's Q2 2015 filing shows 4 new, 7 increased, 28 reduced and 2 closed positions. Its largest new stake was Merck: 3,767,987 shares worth $205M. The largest sale was Microsoft, an estimated $166M.
By sector, the portfolio is most concentrated in Financials at 27% of assets, up from 26% a quarter earlier, followed by Healthcare and Technology.
- Harry Burn's largest Q2 2015 buy was Merck: 3,767,987 shares worth $205M.
- Harry Burn added most to Applied Materials in Q2 2015, an estimated $30.5M increase.
- Harry Burn's biggest Q2 2015 reduction was AES, cutting an estimated $60.2M.
- Harry Burn fully exited Microsoft in Q2 2015, selling an estimated $166M.
- Harry Burn's ten largest holdings make up 32% of its $6.21B portfolio in Q2 2015.
- Harry Burn opened 4 new positions and closed 2 in Q2 2015.
- Harry Burn's portfolio value fell 0.63% quarter-over-quarter to $6.21B.
Based on Sound Shore Management's 13F filing for Q2 2015, filed 3 Aug 2015.