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 |
Comcast
CMCSA
|
+$162M |
| 2 |
Mondelez International
MDLZ
|
+$150M |
| 3 |
Lennar Class A
LEN
|
+$113M |
| 4 |
NXP Semiconductors
NXPI
|
+$110M |
| 5 |
ETRN
Equitrans Midstream Corporation Common Stock
ETRN
|
+$108M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
International Paper
IP
|
+$175M |
| 2 |
Pentair
PNR
|
+$134M |
| 3 |
MetLife
MET
|
+$93.4M |
| 4 |
Pfizer
PFE
|
+$89.5M |
| 5 |
VISN
Vistance Networks Inc
VISN
|
+$54.8M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Financials | 26.64% |
| 2 | Healthcare | 15.47% |
| 3 | Industrials | 13.63% |
| 4 | Technology | 10.81% |
| 5 | Communication Services | 9.93% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
26
Alphabet (Google) Class A
GOOGL
$4.22T
| $114M | 2.34% |
2,176,100
-363,200
| -14% | -$19.6M |
|
27
EQT Corp
EQT
$33.6B
| $107M | 2.2% |
5,652,090
-1,825,325
| -24% | -$37M |
|
|
28
Lennar Class A
LEN
$21B
| $105M | 2.17% |
+2,778,882
| New | +$113M |
|
29
nVent Electric
NVT
$24.6B
| $104M | 2.14% |
4,638,285
-351,592
| -7% | -$8.51M |
|
|
ETRN
30
DELISTED
Equitrans Midstream Corporation Common Stock
ETRN
| $103M | 2.12% |
+5,134,524
| New | +$108M |
|
31
Fluor
FLR
$7.01B
| $102M | 2.09% |
3,153,230
+908,546
| +40% | +$39.2M |
|
|
32
NXP Semiconductors
NXPI
$56.9B
| $101M | 2.09% |
+1,384,819
| New | +$110M |
|
|
ALXN
33
DELISTED
Alexion Pharmaceuticals
ALXN
| $101M | 2.09% |
1,041,306
-153,257
| -13% | -$18.1M |
|
34
Vodafone
VOD
$36.9B
| $91M | 1.87% |
4,721,066
-1,350,759
| -22% | -$27M |
|
35
Antero Resources
AR
$11.7B
| $79.4M | 1.63% |
8,456,228
+699,980
| +9% | +$10.3M |
|
36
SLB Ltd
SLB
$79.9B
| $60.6M | 1.25% |
1,680,124
+664,934
| +65% | +$32.8M |
|
37
BP
BP
$115B
| $228K | ﹤0.01% |
6,191
-14,913
| -71% | -$595K |
|
38
JetBlue
JBLU
$1.85B
| $188K | ﹤0.01% |
+11,700
| New | +$204K |
|
|
VISN
39
Vistance Networks Inc
VISN
$2.59B
| – | – |
-1,782,877
| Closed | -$54.8M |
|
40
Flex
FLEX
$40.8B
| – | – |
-1,812,748
| Closed | -$17.9M |
|
|
41
International Paper
IP
$22B
| – | – |
-3,749,487
| Closed | -$175M |
|
|
42
MetLife
MET
$60B
| – | – |
-1,998,339
| Closed | -$93.4M |
|
|
43
Pentair
PNR
$10.3B
| – | – |
-3,095,282
| Closed | -$134M |
|
Similar funds
Harry Burn's Q4 2018 Portfolio in Review
As of Q4 2018, Harry Burn held 43 positions worth $4.86B, down 17% from $5.85B the previous quarter. Its ten largest holdings account for 36% of the portfolio.
Harry Burn's Q4 2018 filing shows 6 new, 10 increased, 22 reduced and 5 closed positions. Its largest new stake was Comcast: 4,437,610 shares worth $151M. The largest sale was International Paper, an estimated $175M.
By sector, the portfolio is most concentrated in Financials at 27% of assets, down from 29% a quarter earlier, followed by Healthcare and Industrials.
- Harry Burn's largest Q4 2018 buy was Comcast: 4,437,610 shares worth $151M.
- Harry Burn added most to Allergan plc in Q4 2018, an estimated $45.8M increase.
- Harry Burn's biggest Q4 2018 reduction was Pfizer, cutting an estimated $89.5M.
- Harry Burn fully exited International Paper in Q4 2018, selling an estimated $175M.
- Harry Burn's ten largest holdings make up 36% of its $4.86B portfolio in Q4 2018.
- Harry Burn opened 6 new positions and closed 5 in Q4 2018.
- Harry Burn's portfolio value fell 17% quarter-over-quarter to $4.86B.
Based on Sound Shore Management's 13F filing for Q4 2018, filed 6 Feb 2019.