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 |
Occidental Petroleum
OXY
|
+$186M |
| 2 |
Perrigo
PRGO
|
+$175M |
| 3 |
Walmart Inc
WMT
|
+$149M |
| 4 |
AGN
Allergan plc
AGN
|
+$146M |
| 5 |
CPN
Calpine Corporation
CPN
|
+$51.2M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
CIT
CIT Group Inc.
CIT
|
+$168M |
| 2 |
Procter & Gamble
PG
|
+$152M |
| 3 |
Texas Instruments
TXN
|
+$119M |
| 4 |
AerCap
AER
|
+$109M |
| 5 |
BP
BP
|
+$50M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Financials | 20.96% |
| 2 | Technology | 19.52% |
| 3 | Healthcare | 19.18% |
| 4 | Communication Services | 15.76% |
| 5 | Energy | 8.16% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
26
Vodafone
VOD
$36.9B
| $149M | 2.56% |
6,080,064
+1,021,165
| +20% | +$26.9M |
|
|
AGN
27
DELISTED
Allergan plc
AGN
| $148M | 2.55% |
+704,404
| New | +$146M |
|
|
28
Walmart Inc
WMT
$825B
| $147M | 2.52% |
+6,365,457
| New | +$149M |
|
29
TotalEnergies
TTE
$199B
| $146M | 2.52% |
23,158,519,223
-6,441,629,494
| -22% | -$38.6M |
|
30
Microsoft
MSFT
$3.59T
| $143M | 2.46% |
2,298,309
-359,104
| -14% | -$21.6M |
|
|
MRSH
31
Marsh
MRSH
$91.6B
| $141M | 2.43% |
2,090,751
+394,577
| +23% | +$26.5M |
|
|
32
BP
BP
$115B
| $141M | 2.42% |
4,396,243
-1,661,487
| -27% | -$50M |
|
33
Invesco
IVZ
$14.1B
| $136M | 2.34% |
4,481,747
+693,945
| +18% | +$21.3M |
|
|
TWX
34
DELISTED
Time Warner Inc
TWX
| $130M | 2.23% |
1,343,527
-546,053
| -29% | -$48.6M |
|
35
Exelon
EXC
$45.1B
| $128M | 2.2% |
5,043,452
-1,582,617
| -24% | -$37.5M |
|
36
Agilent Technologies
A
$44.9B
| $124M | 2.13% |
2,722,153
+242,179
| +10% | +$11M |
|
37
Alphabet (Google) Class C
GOOG
$4.18T
| $347K | 0.01% |
9,000
+700
| +8% | +$27.3K |
|
|
38
AerCap
AER
$23B
| – | – |
-2,824,735
| Closed | -$109M |
|
|
39
Procter & Gamble
PG
$336B
| – | – |
-1,689,503
| Closed | -$152M |
|
|
40
Texas Instruments
TXN
$241B
| – | – |
-1,696,178
| Closed | -$119M |
|
|
CIT
41
DELISTED
CIT Group Inc.
CIT
| – | – |
-4,631,334
| Closed | -$168M |
|
Similar funds
Harry Burn's Q4 2016 Portfolio in Review
As of Q4 2016, Harry Burn held 41 positions worth $5.81B, up 3.5% from $5.61B the previous quarter. Its ten largest holdings account for 33% of the portfolio.
Harry Burn's Q4 2016 filing shows 4 new, 13 increased, 20 reduced and 4 closed positions. Its largest new stake was Occidental Petroleum: 2,624,473 shares worth $187M. The largest sale was CIT Group Inc., an estimated $168M.
By sector, the portfolio is most concentrated in Financials at 21% of assets, down from 23% a quarter earlier, followed by Technology and Healthcare.
- Harry Burn's largest Q4 2016 buy was Occidental Petroleum: 2,624,473 shares worth $187M.
- Harry Burn added most to Calpine Corporation in Q4 2016, an estimated $51.2M increase.
- Harry Burn's biggest Q4 2016 reduction was BP, cutting an estimated $50M.
- Harry Burn fully exited CIT Group Inc. in Q4 2016, selling an estimated $168M.
- Harry Burn's ten largest holdings make up 33% of its $5.81B portfolio in Q4 2016.
- Harry Burn opened 4 new positions and closed 4 in Q4 2016.
- Harry Burn's portfolio value rose 3.5% quarter-over-quarter to $5.81B.
Based on Sound Shore Management's 13F filing for Q4 2016, filed 10 Feb 2017.