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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
+6.43%
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
$5.85B
AUM Growth
-$101M
Cap. Flow
-$410M
Cap. Flow %
-7%
Top 10 Hldgs %
37.86%
Holding
39
New
3
Increased
13
Reduced
21
Closed
2

Top Buys

Rank Stock Value
1
AGN
Allergan plc
AGN
+$135M
2
SLB icon
SLB Ltd
SLB
+$65.4M
3
VISN
Vistance Networks Inc
VISN
+$54.7M
4
EQT icon
EQT Corp
EQT
+$43.1M
5
AIG icon
American International
AIG
+$39.9M

Top Sells

Rank Stock Value
1
FCX icon
Freeport-McMoran
FCX
+$147M
2
FLEX icon
Flex
FLEX
+$130M
3
ORCL icon
Oracle
ORCL
+$127M
4
MET icon
MetLife
MET
+$75.1M
5
FDC
First Data Corporation
FDC
+$62.6M

Sector Composition

Rank Sector Weight
1 Financials 28.62%
2 Healthcare 16.53%
3 Industrials 16.13%
4 Technology 10%
5 Energy 9.73%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
AR icon
26
Antero Resources
AR
$11.7B
$137M 2.35%
7,756,248
-2,683,195
-26% -$52M
NVT icon
27
nVent Electric
NVT
$24.6B
$136M 2.32%
4,989,877
+289,201
+6% +$7.87M
PNR icon
28
Pentair
PNR
$10.3B
$134M 2.29%
3,095,282
+152,601
+5% +$6.62M
VOD icon
29
Vodafone
VOD
$36.9B
$132M 2.25%
6,071,825
+1,016,176
+20% +$23.6M
FLR icon
30
Fluor
FLR
$7.01B
$130M 2.23%
2,244,684
-612,729
-21% -$33.4M
EXC icon
31
Exelon
EXC
$45.1B
$129M 2.21%
4,153,749
-1,330,473
-24% -$40.9M
AMAT icon
32
Applied Materials
AMAT
$391B
$129M 2.2%
3,332,753
+549,406
+20% +$24.3M
MET icon
33
MetLife
MET
$60B
$93.4M 1.6%
1,998,339
-1,644,343
-45% -$75.1M
SLB icon
34
SLB Ltd
SLB
$79.9B
$61.8M 1.06%
+1,015,190
New +$65.4M
VISN
35
Vistance Networks Inc
VISN
$2.59B
$54.8M 0.94%
+1,782,877
New +$54.7M
FLEX icon
36
Flex
FLEX
$40.8B
$17.9M 0.31%
1,812,748
-12,381,880
-87% -$130M
BP icon
37
BP
BP
$115B
$929K 0.02%
21,104
-22,735
-52% -$951K
FCX icon
38
Freeport-McMoran
FCX
$110B
– –
-8,504,488
Closed -$147M
ORCL icon
39
Oracle
ORCL
$422B
– –
-2,890,170
Closed -$127M
1
2

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MTIM
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Harry Burn's Q3 2018 Portfolio in Review

As of Q3 2018, Harry Burn held 39 positions worth $5.85B, down 1.7% from $5.95B the previous quarter. Its ten largest holdings account for 38% of the portfolio.

Harry Burn withdrew a net $410M in Q3 2018, closing 2 positions and reducing 21 holdings. Its most notable exit was Freeport-McMoran, an estimated $147M position sold in full.

By sector, the portfolio is most concentrated in Financials at 29% of assets, up from 28% a quarter earlier, followed by Healthcare and Industrials.

Against the trend, Harry Burn opened a new position in Allergan plc worth $140M.

  • Harry Burn's largest Q3 2018 buy was Allergan plc: 735,120 shares worth $140M.
  • Harry Burn added most to EQT Corp in Q3 2018, an estimated $43.1M increase.
  • Harry Burn's biggest Q3 2018 reduction was Flex, cutting an estimated $130M.
  • Harry Burn fully exited Freeport-McMoran in Q3 2018, selling an estimated $147M.
  • Harry Burn's ten largest holdings make up 38% of its $5.85B portfolio in Q3 2018.
  • Harry Burn opened 3 new positions and closed 2 in Q3 2018.
  • Harry Burn's portfolio value fell 1.7% quarter-over-quarter to $5.85B.

Based on Sound Shore Management's 13F filing for Q3 2018, filed 7 Nov 2018.