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 |
Oracle
ORCL
|
+$118M |
| 2 |
Chevron
CVX
|
+$110M |
| 3 |
Pfizer
PFE
|
+$85.9M |
| 4 |
SIVB
SVB Financial Group
SIVB
|
+$49.4M |
| 5 |
Elanco Animal Health
ELAN
|
+$2.49M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
ALXN
Alexion Pharmaceuticals
ALXN
|
+$132M |
| 2 |
nVent Electric
NVT
|
+$98.9M |
| 3 |
Applied Materials
AMAT
|
+$97.6M |
| 4 |
Mohawk Industries
MHK
|
+$79.5M |
| 5 |
Lennar Class A
LEN
|
+$66.4M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Financials | 32.07% |
| 2 | Healthcare | 17.17% |
| 3 | Technology | 17.01% |
| 4 | Industrials | 8.7% |
| 5 | Energy | 7.84% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
26
Alphabet (Google) Class A
GOOGL
$4.22T
| $101M | 2.35% |
1,506,080
-390,060
| -21% | -$25.2M |
|
|
PARA
27
DELISTED
Paramount Global Class B
PARA
| $101M | 2.35% |
2,397,548
-1,311,581
| -35% | -$50.8M |
|
28
Microsoft
MSFT
$3.59T
| $95.7M | 2.23% |
606,599
-140,289
| -19% | -$20.6M |
|
|
MRSH
29
Marsh
MRSH
$91.6B
| $92.6M | 2.16% |
830,907
-212,697
| -20% | -$22.2M |
|
|
30
Pfizer
PFE
$160B
| $89.7M | 2.09% |
+2,412,145
| New | +$85.9M |
|
31
Aon
AON
$75.3B
| $86.3M | 2.01% |
414,158
-199,354
| -32% | -$39.5M |
|
32
Walmart Inc
WMT
$825B
| $85.6M | 2% |
2,160,882
-482,061
| -18% | -$19.1M |
|
33
Mondelez International
MDLZ
$82.3B
| $83.7M | 1.95% |
1,520,007
-329,711
| -18% | -$17.6M |
|
34
EQT Corp
EQT
$33.6B
| $80.3M | 1.88% |
7,368,074
-1,344,063
| -15% | -$13.1M |
|
35
Chubb
CB
$132B
| $79.4M | 1.85% |
510,215
-89,825
| -15% | -$13.7M |
|
36
BP
BP
$115B
| $1.06M | 0.02% |
28,150
+3,400
| +14% | +$129K |
|
|
37
Mohawk Industries
MHK
$9.23B
| – | – |
-641,036
| Closed | -$79.5M |
|
|
38
nVent Electric
NVT
$24.6B
| – | – |
-4,486,319
| Closed | -$98.9M |
|
|
ALXN
39
DELISTED
Alexion Pharmaceuticals
ALXN
| – | – |
-1,348,591
| Closed | -$132M |
|
Similar funds
Harry Burn's Q4 2019 Portfolio in Review
As of Q4 2019, Harry Burn held 39 positions worth $4.28B, down 11% from $4.81B the previous quarter. Its ten largest holdings account for 37% of the portfolio.
Harry Burn withdrew a net $866M in Q4 2019, closing 3 positions and reducing 29 holdings. Its most notable exit was Alexion Pharmaceuticals, an estimated $132M position sold in full.
By sector, the portfolio is most concentrated in Financials at 32% of assets, up from 31% a quarter earlier, followed by Healthcare and Technology.
Against the trend, Harry Burn opened a new position in Oracle worth $114M.
- Harry Burn's largest Q4 2019 buy was Oracle: 2,150,785 shares worth $114M.
- Harry Burn added most to SVB Financial Group in Q4 2019, an estimated $49.4M increase.
- Harry Burn's biggest Q4 2019 reduction was Applied Materials, cutting an estimated $97.6M.
- Harry Burn fully exited Alexion Pharmaceuticals in Q4 2019, selling an estimated $132M.
- Harry Burn's ten largest holdings make up 37% of its $4.28B portfolio in Q4 2019.
- Harry Burn opened 3 new positions and closed 3 in Q4 2019.
- Harry Burn's portfolio value fell 11% quarter-over-quarter to $4.28B.
Based on Sound Shore Management's 13F filing for Q4 2019, filed 6 Feb 2020.