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 |
Elanco Animal Health
ELAN
|
+$111M |
| 2 |
Sensata Technologies
ST
|
+$111M |
| 3 |
PARA
Paramount Global Class B
PARA
|
+$38M |
| 4 |
Bank of America
BAC
|
+$26.8M |
| 5 |
Citigroup
C
|
+$24.5M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
TotalEnergies
TTE
|
+$2.41B |
| 2 |
Fluor
FLR
|
+$102M |
| 3 |
FDC
First Data Corporation
FDC
|
+$101M |
| 4 |
Vodafone
VOD
|
+$91M |
| 5 |
Merck
MRK
|
+$76.3M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Financials | 27.42% |
| 2 | Healthcare | 17.26% |
| 3 | Technology | 13.29% |
| 4 | Industrials | 11.23% |
| 5 | Energy | 9.78% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
26
Exelon
EXC
$45.1B
| $123M | 2.36% |
3,428,271
-671,093
| -16% | -$22.9M |
|
27
nVent Electric
NVT
$24.6B
| $121M | 2.32% |
4,471,799
-166,486
| -4% | -$4.27M |
|
28
EQT Corp
EQT
$33.6B
| $120M | 2.31% |
5,786,391
+134,301
| +2% | +$2.63M |
|
29
Goodyear
GT
$1.72B
| $119M | 2.3% |
6,578,014
+291,388
| +5% | +$5.67M |
|
|
30
Elanco Animal Health
ELAN
$12B
| $116M | 2.22% |
+3,604,608
| New | +$111M |
|
31
Aon
AON
$75.3B
| $113M | 2.17% |
661,903
-287,907
| -30% | -$46.7M |
|
32
Walmart Inc
WMT
$825B
| $109M | 2.1% |
3,362,733
-1,707,663
| -34% | -$55.4M |
|
|
33
Sensata Technologies
ST
$6.23B
| $105M | 2.02% |
+2,336,177
| New | +$111M |
|
|
ETRN
34
DELISTED
Equitrans Midstream Corporation Common Stock
ETRN
| $101M | 1.95% |
4,656,955
-477,569
| -9% | -$9.56M |
|
35
SLB Ltd
SLB
$79.9B
| $69.2M | 1.33% |
1,588,047
-92,077
| -5% | -$3.98M |
|
36
Antero Resources
AR
$11.7B
| $60.4M | 1.16% |
6,845,685
-1,610,543
| -19% | -$15.2M |
|
37
BP
BP
$115B
| $468K | 0.01% |
10,880
+4,689
| +76% | +$192K |
|
38
JetBlue
JBLU
$1.85B
| $221K | ﹤0.01% |
13,500
+1,800
| +15% | +$30.8K |
|
|
39
Fluor
FLR
$7.01B
| – | – |
-3,153,230
| Closed | -$102M |
|
|
40
Vodafone
VOD
$36.9B
| – | – |
-4,721,066
| Closed | -$91M |
|
Similar funds
Harry Burn's Q1 2019 Portfolio in Review
As of Q1 2019, Harry Burn held 40 positions worth $5.2B, up 7% from $4.86B the previous quarter. Its ten largest holdings account for 37% of the portfolio.
Harry Burn withdrew a net $2.66B in Q1 2019, closing 2 positions and reducing 23 holdings. Its most notable exit was Fluor, an estimated $102M position sold in full.
By sector, the portfolio is most concentrated in Financials at 27% of assets, up from 27% a quarter earlier, followed by Healthcare and Technology.
Against the trend, Harry Burn opened a new position in Elanco Animal Health worth $116M.
- Harry Burn's largest Q1 2019 buy was Elanco Animal Health: 3,604,608 shares worth $116M.
- Harry Burn added most to Paramount Global Class B in Q1 2019, an estimated $38M increase.
- Harry Burn's biggest Q1 2019 reduction was TotalEnergies, cutting an estimated $2.41B.
- Harry Burn fully exited Fluor in Q1 2019, selling an estimated $102M.
- Harry Burn's ten largest holdings make up 37% of its $5.2B portfolio in Q1 2019.
- Harry Burn opened 2 new positions and closed 2 in Q1 2019.
- Harry Burn's portfolio value rose 7% quarter-over-quarter to $5.2B.
Based on Sound Shore Management's 13F filing for Q1 2019, filed 2 May 2019.