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SSM
Sound Shore Management Portfolio holdings
AUM
$3.25B
1-Year Est. Return
28.47%
This Fund
S&P 500
This Quarter
Est. Return
-0.69%
1 Year Est. Return
+28.47%
3 Year Est. Return
+91.38%
5 Year Est. Return
+105.4%
10 Year Est. Return
+361.33%
AUM
$6.18B
AUM Growth
-$387M
(-5.9%)
Cap. Flow
-$320M
Cap. Flow
% of AUM
-5.18%
Top 10 Holdings %
Top 10 Hldgs %
35.28%
Holding
37
New
1
Increased
12
Reduced
22
Closed
2
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
American International
AIG
|
+$213M |
| 2 |
Merck
MRK
|
+$60.2M |
| 3 |
Sabre
SABR
|
+$55.5M |
| 4 |
PARA
Paramount Global Class B
PARA
|
+$28M |
| 5 |
Freeport-McMoran
FCX
|
+$27.3M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Occidental Petroleum
OXY
|
+$218M |
| 2 |
MFGP
Micro Focus International plc. American Depositary Shares, each representing One Ordinary Share
MFGP
|
+$133M |
| 3 |
Bank of America
BAC
|
+$67.8M |
| 4 |
Thermo Fisher Scientific
TMO
|
+$48.6M |
| 5 |
Fluor
FLR
|
+$44.8M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Financials | 28.4% |
| 2 | Technology | 20.79% |
| 3 | Industrials | 11.27% |
| 4 | Healthcare | 9.94% |
| 5 | Energy | 9.91% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
26
Pentair
PNR
$9.07B
| $153M | 2.47% |
3,334,680
-419,162
| -11% | -$20M |
|
27
Alphabet (Google) Class A
GOOGL
$4.21T
| $151M | 2.44% |
2,905,040
-21,980
| -0.8% | -$1.22M |
|
28
Vodafone
VOD
$40.9B
| $146M | 2.36% |
5,232,707
-578,162
| -10% | -$17.2M |
|
29
Applied Materials
AMAT
$333B
| $143M | 2.32% |
2,572,557
-467,678
| -15% | -$26M |
|
30
Walmart Inc
WMT
$862B
| $142M | 2.3% |
4,797,834
-928,971
| -16% | -$29.9M |
|
|
MRSH
31
Marsh
MRSH
$86B
| $137M | 2.23% |
1,664,378
+114,381
| +7% | +$9.48M |
|
32
Goodyear
GT
$1.51B
| $134M | 2.17% |
5,036,704
-38,710
| -0.8% | -$1.2M |
|
|
33
Freeport-McMoran
FCX
$99.2B
| $132M | 2.14% |
7,526,256
+1,456,118
| +24% | +$27.3M |
|
34
Micron Technology
MU
$1.04T
| $132M | 2.14% |
2,535,950
-543,298
| -18% | -$26M |
|
35
Exelon
EXC
$43.8B
| $129M | 2.09% |
4,640,424
+10,421
| +0.2% | +$281K |
|
|
36
Occidental Petroleum
OXY
$63.5B
| – | – |
-2,961,443
| Closed | -$218M |
|
|
MFGP
37
DELISTED
Micro Focus International plc. American Depositary Shares, each representing One Ordinary Share
MFGP
| – | – |
-3,262,117
| Closed | -$133M |
|
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Sound Shore Management's Q1 2018 Portfolio in Review
As of Q1 2018, Sound Shore Management held 37 positions worth $6.18B, down 5.9% from $6.56B the previous quarter. Its ten largest holdings account for 35% of the portfolio.
Sound Shore Management withdrew a net $320M in Q1 2018, closing 2 positions and reducing 22 holdings. Its most notable exit was Occidental Petroleum, an estimated $218M position sold in full.
By sector, the portfolio is most concentrated in Financials at 28% of assets, up from 25% a quarter earlier, followed by Technology and Industrials.
Against the trend, Sound Shore Management opened a new position in American International worth $197M.
- Sound Shore Management's largest Q1 2018 buy was American International: 3,611,276 shares worth $197M.
- Sound Shore Management added most to Merck in Q1 2018, an estimated $60.2M increase.
- Sound Shore Management's biggest Q1 2018 reduction was Bank of America, cutting an estimated $67.8M.
- Sound Shore Management fully exited Occidental Petroleum in Q1 2018, selling an estimated $218M.
- Sound Shore Management's ten largest holdings make up 35% of its $6.18B portfolio in Q1 2018.
- Sound Shore Management opened 1 new position and closed 2 in Q1 2018.
- Sound Shore Management's portfolio value fell 5.9% quarter-over-quarter to $6.18B.
Based on Sound Shore Management's 13F filing for Q1 2018, filed 7 May 2018.