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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
-6.49%
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
$2.47B
AUM Growth
-$259M
Cap. Flow
-$44.7M
Cap. Flow %
-1.81%
Top 10 Hldgs %
37.38%
Holding
39
New
3
Increased
22
Reduced
10
Closed
4

Top Buys

Rank Stock Value
1
CLF icon
Cleveland-Cliffs
CLF
+$80.4M
2
MU icon
Micron Technology
MU
+$58.6M
3
HII icon
Huntington Ingalls Industries
HII
+$54.4M
4
BKR icon
Baker Hughes
BKR
+$36M
5
FRC
First Republic Bank
FRC
+$32.6M

Top Sells

Rank Stock Value
1
VZ icon
Verizon
VZ
+$62M
2
IP icon
International Paper
IP
+$61.1M
3
ELV icon
Elevance Health
ELV
+$60.4M
4
MS icon
Morgan Stanley
MS
+$43.8M
5
Y
Alleghany Corp
Y
+$41.8M

Sector Composition

Rank Sector Weight
1 Financials 21.71%
2 Healthcare 19.36%
3 Technology 16.94%
4 Consumer Discretionary 14.48%
5 Energy 8%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
VST icon
1
Vistra
VST
$45.7B
$115M 4.63%
5,455,514
+13,771
+0.3% +$333K
WFC icon
2
Wells Fargo
WFC
$254B
$105M 4.27%
2,621,225
+44,384
+2% +$1.91M
PRGO icon
3
Perrigo
PRGO
$1.98B
$102M 4.13%
2,864,433
+28,151
+1% +$1.13M
FLEX icon
4
Flex
FLEX
$40.8B
$95.3M 3.85%
7,589,409
-1,481,889
-16% -$18.9M
NXPI icon
5
NXP Semiconductors
NXPI
$56.9B
$86.6M 3.51%
587,377
+2,192
+0.4% +$367K
BRK.B icon
6
Berkshire Hathaway Class B
BRK.B
$1.06T
$86.2M 3.49%
322,987
+80,707
+33% +$23M
PCAR icon
7
PACCAR
PCAR
$69B
$84.5M 3.42%
1,514,441
-216,733
-13% -$12.6M
ORCL icon
8
Oracle
ORCL
$422B
$84M 3.4%
1,375,758
+9,831
+0.7% +$720K
SIVB
9
DELISTED
SVB Financial Group
SIVB
$83.3M 3.37%
248,087
+15,261
+7% +$6.14M
COF icon
10
Capital One
COF
$134B
$82M 3.32%
889,275
+196,081
+28% +$20.9M
KMI icon
11
Kinder Morgan
KMI
$69B
$80.6M 3.26%
4,842,610
+146,613
+3% +$2.61M
LEN icon
12
Lennar Class A
LEN
$21B
$80.1M 3.24%
1,110,464
-336,236
-23% -$26.1M
FRC
13
DELISTED
First Republic Bank
FRC
$79.2M 3.2%
606,759
+212,520
+54% +$32.6M
BKR icon
14
Baker Hughes
BKR
$61.9B
$77.8M 3.15%
3,711,301
+1,439,805
+63% +$36M
PFE icon
15
Pfizer
PFE
$160B
$77.1M 3.12%
1,761,806
+555,152
+46% +$27M
PVH icon
16
PVH
PVH
$3.62B
$74.3M 3.01%
1,658,302
+7,226
+0.4% +$429K
VSXY
17
Victoria's Secret
VSXY
$6.79B
$71.1M 2.88%
2,441,159
-286,630
-11% -$9.66M
CAH icon
18
Cardinal Health
CAH
$53.4B
$68.4M 2.77%
1,025,695
-356,023
-26% -$22.6M
CAG icon
19
Conagra Brands
CAG
$7.89B
$67.9M 2.75%
2,080,237
+16,872
+0.8% +$579K
GM icon
20
General Motors
GM
$77.2B
$66.3M 2.68%
2,067,198
+197,654
+11% +$7.25M
SGI
21
Somnigroup International
SGI
$13.6B
$66.1M 2.67%
2,738,454
-304,987
-10% -$7.9M
CLF icon
22
Cleveland-Cliffs
CLF
$6.43B
$65M 2.63%
+4,829,215
New +$80.4M
HOLX
23
DELISTED
Hologic
HOLX
$62.2M 2.52%
964,226
+6,067
+0.6% +$420K
OGN icon
24
Organon & Co
OGN
$3.61B
$60M 2.43%
2,563,291
+14,519
+0.6% +$438K
MRK icon
25
Merck
MRK
$376B
$57.5M 2.33%
668,158
+5,644
+0.9% +$504K
1
2

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Harry Burn's Q3 2022 Portfolio in Review

As of Q3 2022, Harry Burn held 39 positions worth $2.47B, down 9.5% from $2.73B the previous quarter. Its ten largest holdings account for 37% of the portfolio.

Harry Burn's Q3 2022 filing shows 3 new, 22 increased, 10 reduced and 4 closed positions. Its largest new stake was Cleveland-Cliffs: 4,829,215 shares worth $65M. The largest sale was Verizon, an estimated $62M.

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

  • Harry Burn's largest Q3 2022 buy was Cleveland-Cliffs: 4,829,215 shares worth $65M.
  • Harry Burn added most to Baker Hughes in Q3 2022, an estimated $36M increase.
  • Harry Burn's biggest Q3 2022 reduction was Morgan Stanley, cutting an estimated $43.8M.
  • Harry Burn fully exited Verizon in Q3 2022, selling an estimated $62M.
  • Harry Burn's ten largest holdings make up 37% of its $2.47B portfolio in Q3 2022.
  • Harry Burn opened 3 new positions and closed 4 in Q3 2022.
  • Harry Burn's portfolio value fell 9.5% quarter-over-quarter to $2.47B.

Based on Sound Shore Management's 13F filing for Q3 2022, filed 4 Nov 2022.