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 |
CTRA
Coterra Energy
CTRA
|
+$83.6M |
| 2 |
Whirlpool
WHR
|
+$79.9M |
| 3 |
Chubb
CB
|
+$76.2M |
| 4 |
Wabtec
WAB
|
+$70.3M |
| 5 |
Dentsply Sirona
XRAY
|
+$63.1M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Microsoft
MSFT
|
+$91.8M |
| 2 |
Chevron
CVX
|
+$84M |
| 3 |
Cisco
CSCO
|
+$74.9M |
| 4 |
Aon
AON
|
+$68.7M |
| 5 |
Analog Devices
ADI
|
+$59.5M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Financials | 28.81% |
| 2 | Healthcare | 25.83% |
| 3 | Technology | 14.54% |
| 4 | Consumer Discretionary | 11.06% |
| 5 | Communication Services | 8.07% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
26
NXP Semiconductors
NXPI
$56.9B
| $71.7M | 2.21% |
629,055
-75,521
| -11% | -$7.55M |
|
|
27
Wabtec
WAB
$50.3B
| $71.5M | 2.2% |
+1,241,177
| New | +$70.3M |
|
28
Verizon
VZ
$205B
| $70.5M | 2.17% |
1,278,127
-110,823
| -8% | -$6.23M |
|
29
Walmart Inc
WMT
$825B
| $68.4M | 2.11% |
1,713,129
-703,512
| -29% | -$28.9M |
|
30
Thermo Fisher Scientific
TMO
$233B
| $68.3M | 2.1% |
188,409
-128,524
| -41% | -$43.1M |
|
31
Magna International
MGA
$19.5B
| $67.5M | 2.08% |
+1,515,921
| New | +$59.9M |
|
32
Aptiv
APTV
$10B
| $67.2M | 2.07% |
862,549
-9,636
| -1% | -$663K |
|
33
Alphabet (Google) Class A
GOOGL
$4.22T
| $66.7M | 2.05% |
940,240
-516,460
| -35% | -$34.8M |
|
|
34
Dentsply Sirona
XRAY
$2.18B
| $65.7M | 2.03% |
+1,491,745
| New | +$63.1M |
|
35
Blackstone
BX
$108B
| $54.8M | 1.69% |
+967,232
| New | +$50.9M |
|
36
Booking.com
BKNG
$158B
| $45.3M | 1.4% |
+710,975
| New | +$43.3M |
|
|
37
Microsoft
MSFT
$3.59T
| $295K | 0.01% |
1,450
-505,566
| -100% | -$91.8M |
|
|
38
Aon
AON
$75.3B
| $221K | 0.01% |
1,150
-368,744
| -100% | -$68.7M |
|
|
39
Analog Devices
ADI
$182B
| – | – |
-664,102
| Closed | -$59.5M |
|
40
BP
BP
$115B
| – | – |
-23,100
| Closed | -$563K |
|
|
41
Cisco
CSCO
$438B
| – | – |
-1,906,144
| Closed | -$74.9M |
|
|
42
Chevron
CVX
$403B
| – | – |
-1,158,755
| Closed | -$84M |
|
43
Packaging Corp of America
PKG
$22.5B
| – | – |
-5,400
| Closed | -$469K |
|
44
TotalEnergies
TTE
$199B
| – | – |
-1,580,463
| Closed | -$58.9M |
|
45
Wells Fargo
WFC
$254B
| – | – |
-1,526,032
| Closed | -$43.8M |
|
Similar funds
Harry Burn's Q2 2020 Portfolio in Review
As of Q2 2020, Harry Burn held 45 positions worth $3.24B, up 13% from $2.87B the previous quarter. Its ten largest holdings account for 38% of the portfolio.
Harry Burn's Q2 2020 filing shows 8 new, 11 increased, 19 reduced and 7 closed positions. Its largest new stake was Coterra Energy: 4,311,416 shares worth $74.1M. The largest sale was Microsoft, an estimated $91.8M.
By sector, the portfolio is most concentrated in Financials at 29% of assets, up from 25% a quarter earlier, followed by Healthcare and Technology.
- Harry Burn's largest Q2 2020 buy was Coterra Energy: 4,311,416 shares worth $74.1M.
- Harry Burn added most to Citigroup in Q2 2020, an estimated $40.5M increase.
- Harry Burn's biggest Q2 2020 reduction was Microsoft, cutting an estimated $91.8M.
- Harry Burn fully exited Chevron in Q2 2020, selling an estimated $84M.
- Harry Burn's ten largest holdings make up 38% of its $3.24B portfolio in Q2 2020.
- Harry Burn opened 8 new positions and closed 7 in Q2 2020.
- Harry Burn's portfolio value rose 13% quarter-over-quarter to $3.24B.
Based on Sound Shore Management's 13F filing for Q2 2020, filed 11 Aug 2020.