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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
-0.65%
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
$4.81B
AUM Growth
-$343M
Cap. Flow
-$257M
Cap. Flow %
-5.33%
Top 10 Hldgs %
37.94%
Holding
40
New
3
Increased
8
Reduced
25
Closed
4

Top Buys

Rank Stock Value
1
UNH icon
UnitedHealth
UNH
+$143M
2
PRGO icon
Perrigo
PRGO
+$138M
3
SIVB
SVB Financial Group
SIVB
+$67M
4
EQT icon
EQT Corp
EQT
+$38.1M
5
GM icon
General Motors
GM
+$32.4M

Top Sells

Rank Stock Value
1
AGN
Allergan plc
AGN
+$155M
2
PFE icon
Pfizer
PFE
+$137M
3
ETRN
Equitrans Midstream Corporation Common Stock
ETRN
+$121M
4
EXC icon
Exelon
EXC
+$62M
5
AIG icon
American International
AIG
+$61.6M

Sector Composition

Rank Sector Weight
1 Financials 30.52%
2 Healthcare 16.13%
3 Technology 15.84%
4 Industrials 10.95%
5 Communication Services 9.17%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
COF icon
1
Capital One
COF
$134B
$212M 4.4%
2,328,274
+137,235
+6% +$12.3M
BRK.B icon
2
Berkshire Hathaway Class B
BRK.B
$1.06T
$208M 4.33%
1,001,350
-22,987
-2% -$4.74M
AMAT icon
3
Applied Materials
AMAT
$391B
$179M 3.73%
3,594,542
-162,933
-4% -$7.86M
MS icon
4
Morgan Stanley
MS
$336B
$179M 3.72%
4,198,297
+651,326
+18% +$27.8M
C icon
5
Citigroup
C
$221B
$178M 3.7%
2,575,437
-825,750
-24% -$56.2M
AIG icon
6
American International
AIG
$39.8B
$177M 3.69%
3,186,702
-1,113,794
-26% -$61.6M
LEN icon
7
Lennar Class A
LEN
$21B
$177M 3.67%
3,269,971
+508,036
+18% +$24.8M
CMCSA icon
8
Comcast
CMCSA
$95.3B
$176M 3.66%
3,903,050
-99,000
-2% -$4.39M
DAL icon
9
Delta Air Lines
DAL
$54.2B
$174M 3.61%
3,015,313
-82,260
-3% -$4.87M
SABR icon
10
Sabre
SABR
$848M
$166M 3.44%
7,403,353
-515,958
-7% -$12.1M
NXPI icon
11
NXP Semiconductors
NXPI
$56.9B
$165M 3.43%
1,511,819
-44,000
-3% -$4.49M
PRGO icon
12
Perrigo
PRGO
$1.98B
$151M 3.14%
+2,702,958
New +$138M
PARA
13
DELISTED
Paramount Global Class B
PARA
$150M 3.11%
3,709,129
-87,401
-2% -$4.09M
ST icon
14
Sensata Technologies
ST
$6.23B
$148M 3.08%
2,963,595
+49,814
+2% +$2.36M
TTE icon
15
TotalEnergies
TTE
$199B
$142M 2.96%
2,735,285
-157,296
-5% -$8.16M
MRK icon
16
Merck
MRK
$376B
$141M 2.94%
1,759,550
-35,072
-2% -$2.81M
ETN icon
17
Eaton
ETN
$163B
$141M 2.93%
1,698,770
-75,143
-4% -$6.09M
GM icon
18
General Motors
GM
$77.2B
$137M 2.86%
3,667,847
+843,492
+30% +$32.4M
ALXN
19
DELISTED
Alexion Pharmaceuticals
ALXN
$132M 2.74%
1,348,591
-35,633
-3% -$4.02M
TMO icon
20
Thermo Fisher Scientific
TMO
$233B
$131M 2.72%
449,019
+55,744
+14% +$16M
UNH icon
21
UnitedHealth
UNH
$350B
$129M 2.68%
+592,464
New +$143M
BAC icon
22
Bank of America
BAC
$431B
$128M 2.65%
4,375,292
-1,056,550
-19% -$30.4M
AON icon
23
Aon
AON
$75.3B
$119M 2.47%
613,512
+82,732
+16% +$16M
GOOGL icon
24
Alphabet (Google) Class A
GOOGL
$4.22T
$116M 2.41%
1,896,140
-40,780
-2% -$2.42M
JBLU icon
25
JetBlue
JBLU
$1.85B
$113M 2.35%
6,766,314
-140,021
-2% -$2.54M
1
2

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NCL
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TAM
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SCM
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FFN
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TMAM
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MTIM
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Harry Burn's Q3 2019 Portfolio in Review

As of Q3 2019, Harry Burn held 40 positions worth $4.81B, down 6.7% from $5.16B the previous quarter. Its ten largest holdings account for 38% of the portfolio.

Harry Burn withdrew a net $257M in Q3 2019, closing 4 positions and reducing 25 holdings. Its most notable exit was Allergan plc, an estimated $155M position sold in full.

By sector, the portfolio is most concentrated in Financials at 31% of assets, up from 30% a quarter earlier, followed by Healthcare and Technology.

Against the trend, Harry Burn opened a new position in UnitedHealth worth $129M.

  • Harry Burn's largest Q3 2019 buy was UnitedHealth: 592,464 shares worth $129M.
  • Harry Burn added most to EQT Corp in Q3 2019, an estimated $38.1M increase.
  • Harry Burn's biggest Q3 2019 reduction was American International, cutting an estimated $61.6M.
  • Harry Burn fully exited Allergan plc in Q3 2019, selling an estimated $155M.
  • Harry Burn's ten largest holdings make up 38% of its $4.81B portfolio in Q3 2019.
  • Harry Burn opened 3 new positions and closed 4 in Q3 2019.
  • Harry Burn's portfolio value fell 6.7% quarter-over-quarter to $4.81B.

Based on Sound Shore Management's 13F filing for Q3 2019, filed 8 Nov 2019.