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 |
Kinder Morgan
KMI
|
+$87.9M |
| 2 |
Applied Materials
AMAT
|
+$82.1M |
| 3 |
Cardinal Health
CAH
|
+$78.5M |
| 4 |
FedEx
FDX
|
+$65.2M |
| 5 |
FRC
First Republic Bank
FRC
|
+$59.1M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Dentsply Sirona
XRAY
|
+$97.9M |
| 2 |
Aptiv
APTV
|
+$91.5M |
| 3 |
Cigna
CI
|
+$73.7M |
| 4 |
Merck
MRK
|
+$57.5M |
| 5 |
Y
Alleghany Corp
Y
|
+$46.9M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Healthcare | 22.09% |
| 2 | Financials | 20.82% |
| 3 | Consumer Discretionary | 16.64% |
| 4 | Technology | 15.61% |
| 5 | Energy | 7.37% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
26
Pfizer
PFE
$160B
| $63.3M | 2.32% |
1,206,654
-757,555
| -39% | -$38.6M |
|
27
Verizon
VZ
$205B
| $62M | 2.27% |
1,222,017
-21,832
| -2% | -$1.1M |
|
28
International Paper
IP
$22B
| $61.1M | 2.24% |
1,460,897
-110,859
| -7% | -$5.15M |
|
|
29
Merck
MRK
$376B
| $60.4M | 2.21% |
662,514
-648,082
| -49% | -$57.5M |
|
30
Elevance Health
ELV
$86.9B
| $60.4M | 2.21% |
125,137
-33,912
| -21% | -$16.8M |
|
31
General Motors
GM
$77.2B
| $59.4M | 2.17% |
1,869,544
-174,983
| -9% | -$6.56M |
|
|
CTRA
32
DELISTED
Coterra Energy
CTRA
| $57.1M | 2.09% |
2,214,964
-941,214
| -30% | -$28.5M |
|
|
FRC
33
DELISTED
First Republic Bank
FRC
| $56.8M | 2.08% |
+394,239
| New | +$59.1M |
|
34
Alphabet (Google) Class A
GOOGL
$4.22T
| $55.6M | 2.04% |
510,080
-150,200
| -23% | -$17.7M |
|
35
Bank of America
BAC
$431B
| $50.1M | 1.83% |
1,607,915
-730,451
| -31% | -$26.3M |
|
|
Y
36
DELISTED
Alleghany Corp
Y
| $41.8M | 1.53% |
50,127
-56,036
| -53% | -$46.9M |
|
|
37
Aptiv
APTV
$10B
| – | – |
-764,308
| Closed | -$91.5M |
|
|
38
Cigna
CI
$73.3B
| – | – |
-307,434
| Closed | -$73.7M |
|
39
Sensata Technologies
ST
$6.23B
| – | – |
-23,137
| Closed | -$1.18M |
|
|
40
Dentsply Sirona
XRAY
$2.18B
| – | – |
-1,989,565
| Closed | -$97.9M |
|
Similar funds
Harry Burn's Q2 2022 Portfolio in Review
As of Q2 2022, Harry Burn held 40 positions worth $2.73B, down 21% from $3.44B the previous quarter. Its ten largest holdings account for 37% of the portfolio.
Harry Burn withdrew a net $250M in Q2 2022, closing 4 positions and reducing 26 holdings. Its most notable exit was Dentsply Sirona, an estimated $97.9M position sold in full.
By sector, the portfolio is most concentrated in Healthcare at 22% of assets, down from 26% a quarter earlier, followed by Financials and Consumer Discretionary.
Against the trend, Harry Burn opened a new position in Kinder Morgan worth $78.7M.
- Harry Burn's largest Q2 2022 buy was Kinder Morgan: 4,695,997 shares worth $78.7M.
- Harry Burn added most to Victoria's Secret in Q2 2022, an estimated $42.3M increase.
- Harry Burn's biggest Q2 2022 reduction was Merck, cutting an estimated $57.5M.
- Harry Burn fully exited Dentsply Sirona in Q2 2022, selling an estimated $97.9M.
- Harry Burn's ten largest holdings make up 37% of its $2.73B portfolio in Q2 2022.
- Harry Burn opened 5 new positions and closed 4 in Q2 2022.
- Harry Burn's portfolio value fell 21% quarter-over-quarter to $2.73B.
Based on Sound Shore Management's 13F filing for Q2 2022, filed 5 Aug 2022.