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Harry Burn Sound Shore Management
AUM
$3.2B
Turnover
22.22%
1-Year Est. Return
19.02%
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
+7.19%
1 Year Est. Return
+19.02%
3 Year Est. Return
+93.52%
5 Year Est. Return
+105.56%
10 Year Est. Return
+329.38%
AUM
$5.61B
AUM Growth
+$155M
(+2.8%)
Cap. Flow
-$245M
Cap. Flow % of AUM
Cap. Flow %
-4.37%
Top 10 Holdings %
Top 10 Hldgs %
32.62%
Holding
42
New
1
Increased
12
Reduced
23
Closed
5
Avg Time Held
2.1
years
Top 10 Avg Time Held
0.4
years
Top 20 Avg Time Held
0.8
years
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
Walgreens Boots Alliance
WBA
|
+$165M |
| 2 |
Texas Instruments
TXN
|
+$106M |
| 3 |
GE Aerospace
GE
|
+$42.4M |
| 4 |
BP
BP
|
+$30.7M |
| 5 |
Vodafone
VOD
|
+$26.5M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Thermo Fisher Scientific
TMO
|
+$186M |
| 2 |
Lowe's Companies
LOW
|
+$124M |
| 3 |
EQT Corp
EQT
|
+$112M |
| 4 |
Anywhere Real Estate
HOUS
|
+$65.1M |
| 5 |
Citizens Financial Group
CFG
|
+$53.7M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Financials | 22.92% |
| 2 | Technology | 21.33% |
| 3 | Communication Services | 16.66% |
| 4 | Healthcare | 14.65% |
| 5 | Industrials | 7.92% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | Held Since | |
|---|---|---|---|---|---|---|---|
1
Merck
MRK
$362B
| $211M | 3.77% |
3,549,593
-12,243
| -0.3% | -$716K |
2015 Q2
5 quarters
|
|
2
Capital One
COF
$116B
| $190M | 3.39% |
2,644,664
+383,420
| +17% | +$26.3M |
2013 Q2
13 quarters
|
|
3
Citigroup
C
$205B
| $190M | 3.38% |
4,017,856
+499,852
| +14% | +$22.7M |
2013 Q2
13 quarters
|
|
4
Bank of America
BAC
$349B
| $189M | 3.37% |
12,075,903
+1,157,164
| +11% | +$17.2M |
2013 Q2
13 quarters
|
|
|
5
GE Aerospace
GE
$343B
| $182M | 3.24% |
1,281,540
+284,033
| +28% | +$42.4M |
2013 Q2
13 quarters
|
|
|
6
BP
BP
$118B
| $179M | 3.19% |
6,057,730
+1,058,661
| +21% | +$30.7M |
2013 Q2
13 quarters
|
|
7
TotalEnergies
TTE
$196B
| $175M | 3.12% |
3,667,753
-10,869
| -0.3% | -$519K |
2015 Q4
3 quarters
|
|
8
Pfizer
PFE
$164B
| $172M | 3.07% |
5,359,651
+659,612
| +14% | +$22.1M |
2016 Q1
2 quarters
|
|
9
Liberty Global Class C
LBTYK
$3.45B
| $172M | 3.07% |
5,207,448
+298,257
| +6% | +$9.21M |
2015 Q4
3 quarters
|
|
10
Oracle
ORCL
$396B
| $170M | 3.03% |
4,329,823
-13,138
| -0.3% | -$535K |
2014 Q4
7 quarters
|
|
|
CIT
11
DELISTED
CIT Group Inc.
CIT
| $168M | 3% |
4,631,334
-13,069
| -0.3% | -$456K |
2013 Q2
13 quarters
|
|
12
DELISTED
Paramount Global Class B
PARA
| $167M | 2.97% |
3,044,942
+404,394
| +15% | +$21.5M |
2014 Q4
7 quarters
|
|
|
13
DELISTED
Walgreens Boots Alliance
WBA
| $163M | 2.91% |
+2,025,402
| New | +$165M |
2016 Q3
0 quarters
|
|
14
Hewlett Packard
HPE
$66.6B
| $161M | 2.88% |
12,210,593
-2,306,089
| -16% | -$28.5M |
2016 Q1
2 quarters
|
|
15
Aon
AON
$70.7B
| $160M | 2.86% |
1,426,622
+148,773
| +12% | +$16.4M |
2013 Q2
13 quarters
|
|
|
16
Thermo Fisher Scientific
TMO
$259B
| $158M | 2.82% |
994,938
-1,209,315
| -55% | -$186M |
2013 Q2
13 quarters
|
|
17
Exelon
EXC
$47.2B
| $157M | 2.8% |
6,626,069
+885,479
| +15% | +$22.2M |
2015 Q2
5 quarters
|
|
18
Berkshire Hathaway Class B
BRK.B
$1.25T
| $156M | 2.78% |
1,081,128
-2,436
| -0.2% | -$356K |
2016 Q1
2 quarters
|
|
|
FDC
19
DELISTED
First Data Corporation
FDC
| $154M | 2.74% |
11,682,717
-34,471
| -0.3% | -$444K |
2016 Q2
1 quarter
|
|
20
Applied Materials
AMAT
$302B
| $154M | 2.74% |
5,094,574
-899,530
| -15% | -$25.1M |
2013 Q2
13 quarters
|
|
21
Microsoft
MSFT
$3.88T
| $153M | 2.73% |
2,657,413
-3,761
| -0.1% | -$212K |
2015 Q3
4 quarters
|
|
22
Procter & Gamble
PG
$389B
| $152M | 2.7% |
1,689,503
-5,474
| -0.3% | -$475K |
2014 Q1
10 quarters
|
|
23
Keysight
KEYS
$51.8B
| $151M | 2.69% |
4,767,414
-11,754
| -0.2% | -$350K |
2014 Q4
7 quarters
|
|
24
Comcast
CMCSA
$88.1B
| $151M | 2.69% |
4,553,984
-438,430
| -9% | -$14.6M |
2013 Q2
13 quarters
|
|
25
Flex
FLEX
$28.9B
| $151M | 2.68% |
14,678,856
-42,257
| -0.3% | -$410K |
2013 Q2
13 quarters
|
|
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SCM
Harry Burn's Q3 2016 Portfolio in Review
As of Q3 2016, Harry Burn held 42 positions worth $5.61B, up 2.8% from $5.46B the previous quarter. Its ten largest holdings account for 33% of the portfolio.
Harry Burn withdrew a net $245M in Q3 2016, closing 5 positions and reducing 23 holdings. Its most notable exit was Lowe's Companies, an estimated $124M position sold in full.
By sector, the portfolio is most concentrated in Financials at 23% of assets, up from 22% a quarter earlier, followed by Technology and Communication Services.
Against the trend, Harry Burn opened a new position in Walgreens Boots Alliance worth $163M.
- Harry Burn's largest Q3 2016 buy was Walgreens Boots Alliance: 2,025,402 shares worth $163M.
- Harry Burn added most to Texas Instruments in Q3 2016, an estimated $106M increase.
- Harry Burn's biggest Q3 2016 reduction was Thermo Fisher Scientific, cutting an estimated $186M.
- Harry Burn fully exited Lowe's Companies in Q3 2016, selling an estimated $124M.
- Harry Burn's ten largest holdings make up 33% of its $5.61B portfolio in Q3 2016.
- Harry Burn opened 1 new position and closed 5 in Q3 2016.
- Harry Burn's portfolio value rose 2.8% quarter-over-quarter to $5.61B.
Based on Sound Shore Management's 13F filing for Q3 2016, filed 7 Nov 2016.