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 |
TotalEnergies
TTE
|
+$54.3M |
| 2 |
Boeing
BA
|
+$52.3M |
| 3 |
Lam Research
LRCX
|
+$39.6M |
| 4 |
Alphabet (Google) Class A
GOOGL
|
+$31.5M |
| 5 |
SIVB
SVB Financial Group
SIVB
|
+$24.4M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Perrigo
PRGO
|
+$102M |
| 2 |
Vontier
VNT
|
+$56.9M |
| 3 |
Elanco Animal Health
ELAN
|
+$51.3M |
| 4 |
PACCAR
PCAR
|
+$40.2M |
| 5 |
CTRA
Coterra Energy
CTRA
|
+$39.4M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Financials | 21.92% |
| 2 | Technology | 17.74% |
| 3 | Consumer Discretionary | 16.51% |
| 4 | Healthcare | 14.21% |
| 5 | Industrials | 9.63% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
26
Micron Technology
MU
$1.09T
| $61M | 2.29% |
1,219,697
+210,078
| +21% | +$11.5M |
|
|
27
Boeing
BA
$169B
| $60.9M | 2.29% |
+319,504
| New | +$52.3M |
|
|
28
PACCAR
PCAR
$69B
| $59.3M | 2.23% |
898,401
-616,040
| -41% | -$40.2M |
|
|
29
TotalEnergies
TTE
$199B
| $59.1M | 2.22% |
+951,398
| New | +$54.3M |
|
30
Applied Materials
AMAT
$391B
| $57.9M | 2.18% |
594,937
-27,636
| -4% | -$2.65M |
|
31
FedEx
FDX
$76.9B
| $57.2M | 2.15% |
330,469
+11,070
| +3% | +$1.84M |
|
32
Cardinal Health
CAH
$53.4B
| $56M | 2.11% |
728,617
-297,078
| -29% | -$22.6M |
|
33
Morgan Stanley
MS
$336B
| $52.7M | 1.98% |
619,501
-26,621
| -4% | -$2.27M |
|
|
34
Lam Research
LRCX
$393B
| $39.7M | 1.49% |
+945,600
| New | +$39.6M |
|
|
35
Vontier
VNT
$4.46B
| $599K | 0.02% |
30,988
-3,033,361
| -99% | -$56.9M |
|
|
CTRA
36
DELISTED
Coterra Energy
CTRA
| – | – |
-1,506,901
| Closed | -$39.4M |
|
|
37
Elanco Animal Health
ELAN
$12B
| – | – |
-4,131,801
| Closed | -$51.3M |
|
|
38
Perrigo
PRGO
$1.98B
| – | – |
-2,864,433
| Closed | -$102M |
|
Similar funds
Harry Burn's Q4 2022 Portfolio in Review
As of Q4 2022, Harry Burn held 38 positions worth $2.66B, up 7.6% from $2.47B the previous quarter. Its ten largest holdings account for 39% of the portfolio.
Harry Burn withdrew a net $149M in Q4 2022, closing 3 positions and reducing 21 holdings. Its most notable exit was Perrigo, an estimated $102M position sold in full.
By sector, the portfolio is most concentrated in Financials at 22% of assets, up from 22% a quarter earlier, followed by Technology and Consumer Discretionary.
Against the trend, Harry Burn opened a new position in TotalEnergies worth $59.1M.
- Harry Burn's largest Q4 2022 buy was TotalEnergies: 951,398 shares worth $59.1M.
- Harry Burn added most to Alphabet (Google) Class A in Q4 2022, an estimated $31.5M increase.
- Harry Burn's biggest Q4 2022 reduction was Vontier, cutting an estimated $56.9M.
- Harry Burn fully exited Perrigo in Q4 2022, selling an estimated $102M.
- Harry Burn's ten largest holdings make up 39% of its $2.66B portfolio in Q4 2022.
- Harry Burn opened 3 new positions and closed 3 in Q4 2022.
- Harry Burn's portfolio value rose 7.6% quarter-over-quarter to $2.66B.
Based on Sound Shore Management's 13F filing for Q4 2022, filed 6 Feb 2023.