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 |
EQT Corp
EQT
|
+$165M |
| 2 |
ALXN
Alexion Pharmaceuticals
ALXN
|
+$127M |
| 3 |
Eaton
ETN
|
+$126M |
| 4 |
nVent Electric
NVT
|
+$122M |
| 5 |
Walmart Inc
WMT
|
+$27.6M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
BP
BP
|
+$203M |
| 2 |
Keysight
KEYS
|
+$167M |
| 3 |
Intel
INTC
|
+$153M |
| 4 |
Micron Technology
MU
|
+$132M |
| 5 |
Oracle
ORCL
|
+$43.6M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Financials | 28.06% |
| 2 | Industrials | 14.95% |
| 3 | Technology | 12.79% |
| 4 | Healthcare | 12.73% |
| 5 | Energy | 9.73% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
26
Fluor
FLR
$7.01B
| $139M | 2.34% |
2,857,413
-27,993
| -1% | -$1.47M |
|
27
Goodyear
GT
$1.72B
| $135M | 2.28% |
5,815,665
+778,961
| +15% | +$20M |
|
|
ALXN
28
DELISTED
Alexion Pharmaceuticals
ALXN
| $135M | 2.26% |
+1,084,094
| New | +$127M |
|
|
MRSH
29
Marsh
MRSH
$91.6B
| $132M | 2.22% |
1,609,471
-54,907
| -3% | -$4.48M |
|
30
Applied Materials
AMAT
$391B
| $129M | 2.16% |
2,783,347
+210,790
| +8% | +$10.9M |
|
|
31
Oracle
ORCL
$422B
| $127M | 2.14% |
2,890,170
-945,404
| -25% | -$43.6M |
|
32
Pentair
PNR
$10.3B
| $124M | 2.08% |
2,942,681
-391,999
| -12% | -$17.6M |
|
33
Vodafone
VOD
$36.9B
| $123M | 2.07% |
5,055,649
-177,058
| -3% | -$4.83M |
|
|
34
Eaton
ETN
$163B
| $122M | 2.05% |
+1,633,243
| New | +$126M |
|
|
35
nVent Electric
NVT
$24.6B
| $118M | 1.98% |
+4,700,676
| New | +$122M |
|
|
36
BP
BP
$115B
| $1.88M | 0.03% |
43,839
-4,825,426
| -99% | -$203M |
|
|
37
Intel
INTC
$476B
| – | – |
-2,931,959
| Closed | -$153M |
|
|
38
Keysight
KEYS
$53.8B
| – | – |
-3,179,764
| Closed | -$167M |
|
|
39
Micron Technology
MU
$1.09T
| – | – |
-2,535,950
| Closed | -$132M |
|
Similar funds
Harry Burn's Q2 2018 Portfolio in Review
As of Q2 2018, Harry Burn held 39 positions worth $5.95B, down 3.7% from $6.18B the previous quarter. Its ten largest holdings account for 37% of the portfolio.
Harry Burn withdrew a net $241M in Q2 2018, closing 3 positions and reducing 21 holdings. Its most notable exit was Keysight, an estimated $167M position sold in full.
By sector, the portfolio is most concentrated in Financials at 28% of assets, down from 28% a quarter earlier, followed by Industrials and Technology.
Against the trend, Harry Burn opened a new position in EQT Corp worth $178M.
- Harry Burn's largest Q2 2018 buy was EQT Corp: 5,917,642 shares worth $178M.
- Harry Burn added most to Walmart Inc in Q2 2018, an estimated $27.6M increase.
- Harry Burn's biggest Q2 2018 reduction was BP, cutting an estimated $203M.
- Harry Burn fully exited Keysight in Q2 2018, selling an estimated $167M.
- Harry Burn's ten largest holdings make up 37% of its $5.95B portfolio in Q2 2018.
- Harry Burn opened 4 new positions and closed 3 in Q2 2018.
- Harry Burn's portfolio value fell 3.7% quarter-over-quarter to $5.95B.
Based on Sound Shore Management's 13F filing for Q2 2018, filed 2 Aug 2018.