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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
-13.4%
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
$2.73B
AUM Growth
-$712M
Cap. Flow
-$250M
Cap. Flow %
-9.17%
Top 10 Hldgs %
36.73%
Holding
40
New
5
Increased
5
Reduced
26
Closed
4

Top Buys

Rank Stock Value
1
KMI icon
Kinder Morgan
KMI
+$87.9M
2
AMAT icon
Applied Materials
AMAT
+$82.1M
3
CAH icon
Cardinal Health
CAH
+$78.5M
4
FDX icon
FedEx
FDX
+$65.2M
5
FRC
First Republic Bank
FRC
+$59.1M

Top Sells

Rank Stock Value
1
XRAY icon
Dentsply Sirona
XRAY
+$97.9M
2
APTV icon
Aptiv
APTV
+$91.5M
3
CI icon
Cigna
CI
+$73.7M
4
MRK icon
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
VST icon
1
Vistra
VST
$45.7B
$124M 4.55%
5,441,743
-585,045
-10% -$14.5M
PRGO icon
2
Perrigo
PRGO
$1.98B
$115M 4.21%
2,836,282
-859,173
-23% -$31.9M
WFC icon
3
Wells Fargo
WFC
$254B
$101M 3.7%
2,576,841
-52,075
-2% -$2.29M
FLEX icon
4
Flex
FLEX
$40.8B
$98.9M 3.62%
9,071,298
-2,493,607
-22% -$30.9M
LEN icon
5
Lennar Class A
LEN
$21B
$98.8M 3.62%
1,446,700
+33,361
+2% +$2.44M
ORCL icon
6
Oracle
ORCL
$422B
$95.4M 3.49%
1,365,927
-319,051
-19% -$23.4M
PCAR icon
7
PACCAR
PCAR
$69B
$95M 3.48%
1,731,174
-142,473
-8% -$8.02M
PVH icon
8
PVH
PVH
$3.62B
$93.9M 3.44%
1,651,076
+205,122
+14% +$14.2M
SIVB
9
DELISTED
SVB Financial Group
SIVB
$92M 3.37%
232,826
+11,208
+5% +$5.28M
MS icon
10
Morgan Stanley
MS
$336B
$88.6M 3.25%
1,165,446
-94,801
-8% -$7.77M
NXPI icon
11
NXP Semiconductors
NXPI
$56.9B
$86.6M 3.17%
585,185
-46,612
-7% -$8.1M
OGN icon
12
Organon & Co
OGN
$3.61B
$86M 3.15%
2,548,772
-629,012
-20% -$22M
ELAN icon
13
Elanco Animal Health
ELAN
$12B
$79.6M 2.92%
4,056,486
-257,318
-6% -$6.09M
KMI icon
14
Kinder Morgan
KMI
$69B
$78.7M 2.88%
+4,695,997
New +$87.9M
VNT icon
15
Vontier
VNT
$4.46B
$77.3M 2.83%
3,360,578
-336,413
-9% -$8.62M
VSXY
16
Victoria's Secret
VSXY
$6.79B
$76.3M 2.79%
2,727,789
+975,637
+56% +$42.3M
COF icon
17
Capital One
COF
$134B
$72.2M 2.64%
693,194
-55,609
-7% -$6.8M
CAH icon
18
Cardinal Health
CAH
$53.4B
$72.2M 2.64%
+1,381,718
New +$78.5M
CAG icon
19
Conagra Brands
CAG
$7.89B
$70.7M 2.59%
2,063,365
-95,237
-4% -$3.24M
FDX icon
20
FedEx
FDX
$76.9B
$69.2M 2.53%
+305,324
New +$65.2M
AMAT icon
21
Applied Materials
AMAT
$391B
$68.1M 2.49%
+748,332
New +$82.1M
HOLX
22
DELISTED
Hologic
HOLX
$66.4M 2.43%
958,159
-78,305
-8% -$5.81M
BRK.B icon
23
Berkshire Hathaway Class B
BRK.B
$1.06T
$66.1M 2.42%
242,280
-19,404
-7% -$6.09M
BKR icon
24
Baker Hughes
BKR
$61.9B
$65.6M 2.4%
2,271,496
-14,201
-0.6% -$480K
SGI
25
Somnigroup International
SGI
$13.6B
$65M 2.38%
3,043,441
+308,296
+11% +$7.94M
1
2

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MWM
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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 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.