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HB

Harry Burn Sound Shore Management

AUM $3.25B
1-Year Est. Return 28.47%
 

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.

This Fund
S&P 500
This Quarter Est. Return
+3.8%
1 Year Est. Return
+28.47%
3 Year Est. Return
+91.38%
5 Year Est. Return
+105.4%
10 Year Est. Return
+14,034.45%
AUM
$5.81B
AUM Growth
-$132M
Cap. Flow
-$342M
Cap. Flow %
-5.88%
Top 10 Hldgs %
27.11%
Holding
59
New
1
Increased
12
Reduced
41
Closed
4

Top Buys

Rank Stock Value
1
PG icon
Procter & Gamble
PG
+$147M
2
TDC icon
Teradata
TDC
+$90.2M
3
SNY icon
Sanofi
SNY
+$27.8M
4
GE icon
GE Aerospace
GE
+$26.5M
5
ELV icon
Elevance Health
ELV
+$26.1M

Top Sells

Rank Stock Value
1
CTXS
Citrix Systems Inc
CTXS
+$155M
2
RSG icon
Republic Services
RSG
+$63.4M
3
TMO icon
Thermo Fisher Scientific
TMO
+$56.2M
4
SCHW
Charles Schwab
SCHW
+$50.5M
5
DTV
DIRECTV COM STK (DE)
DTV
+$43M

Sector Composition

Rank Sector Weight
1 Financials 20.81%
2 Healthcare 19.94%
3 Technology 17.05%
4 Energy 12.25%
5 Communication Services 8.53%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
PNC icon
51
PNC Financial Services
PNC
$97B
$316K 0.01%
3,634
-666
-15% -$54.4K
XOM icon
52
ExxonMobil
XOM
$679B
$300K 0.01%
3,074
-474
-13% -$45.2K
GS icon
53
Goldman Sachs
GS
$303B
$279K ﹤0.01%
1,700
-400
-19% -$67.3K
MO icon
54
Altria Group
MO
$110B
$245K ﹤0.01%
6,535
-1,615
-20% -$58.7K
JBL icon
55
Jabil
JBL
$32.8B
$219K ﹤0.01%
12,165
-3,335
-22% -$60.1K
L icon
56
Loews
L
$22.5B
– –
-5,200
Closed -$251K
RSG icon
57
Republic Services
RSG
$67.6B
– –
-1,909,562
Closed -$63.4M
CTXS
58
DELISTED
Citrix Systems Inc
CTXS
– –
-3,081,750
Closed -$155M
LIFE
59
DELISTED
LIFE TECHNOLOGIES CORP COM STK (DE)
LIFE
– –
-4,000
Closed -$303K
1 2
3

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Harry Burn's Q1 2014 Portfolio in Review

As of Q1 2014, Harry Burn held 59 positions worth $5.81B, down 2.2% from $5.94B the previous quarter. Its ten largest holdings account for 27% of the portfolio.

Harry Burn withdrew a net $342M in Q1 2014, closing 4 positions and reducing 41 holdings. Its most notable exit was Citrix Systems Inc, an estimated $155M position sold in full.

By sector, the portfolio is most concentrated in Financials at 21% of assets, down from 22% a quarter earlier, followed by Healthcare and Technology.

Against the trend, Harry Burn opened a new position in Procter & Gamble worth $150M.

  • Harry Burn's largest Q1 2014 buy was Procter & Gamble: 1,860,153 shares worth $150M.
  • Harry Burn added most to Teradata in Q1 2014, an estimated $90.2M increase.
  • Harry Burn's biggest Q1 2014 reduction was Thermo Fisher Scientific, cutting an estimated $56.2M.
  • Harry Burn fully exited Citrix Systems Inc in Q1 2014, selling an estimated $155M.
  • Harry Burn's ten largest holdings make up 27% of its $5.81B portfolio in Q1 2014.
  • Harry Burn opened 1 new position and closed 4 in Q1 2014.
  • Harry Burn's portfolio value fell 2.2% quarter-over-quarter to $5.81B.

Based on Sound Shore Management's 13F filing for Q1 2014, filed 1 May 2014.