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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
-6.49%
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
$2.47B
AUM Growth
-$259M
(-9.5%)
Cap. Flow
-$44.7M
Cap. Flow
% of AUM
-1.81%
Top 10 Holdings %
Top 10 Hldgs %
37.38%
Holding
39
New
3
Increased
22
Reduced
10
Closed
4
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
Cleveland-Cliffs
CLF
|
+$80.4M |
| 2 |
Micron Technology
MU
|
+$58.6M |
| 3 |
Huntington Ingalls Industries
HII
|
+$54.4M |
| 4 |
Baker Hughes
BKR
|
+$36M |
| 5 |
FRC
First Republic Bank
FRC
|
+$32.6M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Verizon
VZ
|
+$62M |
| 2 |
International Paper
IP
|
+$61.1M |
| 3 |
Elevance Health
ELV
|
+$60.4M |
| 4 |
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 | |
|---|---|---|---|---|---|---|
|
26
Huntington Ingalls Industries
HII
$11.1B
| $53.7M | 2.17% |
+242,655
| New | +$54.4M |
|
27
Elanco Animal Health
ELAN
$11.5B
| $51.3M | 2.07% |
4,131,801
+75,315
| +2% | +$1.32M |
|
28
Vontier
VNT
$4.35B
| $51.2M | 2.07% |
3,064,349
-296,229
| -9% | -$6.6M |
|
|
29
Morgan Stanley
MS
$318B
| $51M | 2.07% |
646,122
-519,324
| -45% | -$43.8M |
|
30
Applied Materials
AMAT
$332B
| $51M | 2.06% |
622,573
-125,759
| -17% | -$12.1M |
|
|
31
Micron Technology
MU
$1.05T
| $50.6M | 2.05% |
+1,009,619
| New | +$58.6M |
|
32
Bank of America
BAC
$415B
| $49.4M | 2% |
1,635,049
+27,134
| +2% | +$907K |
|
33
Alphabet (Google) Class A
GOOGL
$4.2T
| $49M | 1.98% |
512,361
+2,281
| +0.4% | +$253K |
|
34
FedEx
FDX
$73.2B
| $47.4M | 1.92% |
319,399
+14,075
| +5% | +$2.97M |
|
|
CTRA
35
DELISTED
Coterra Energy
CTRA
| $39.4M | 1.59% |
1,506,901
-708,063
| -32% | -$20.3M |
|
|
36
Elevance Health
ELV
$90.9B
| – | – |
-125,137
| Closed | -$60.4M |
|
|
37
International Paper
IP
$17.9B
| – | – |
-1,460,897
| Closed | -$61.1M |
|
|
38
Verizon
VZ
$214B
| – | – |
-1,222,017
| Closed | -$62M |
|
|
Y
39
DELISTED
Alleghany Corp
Y
| – | – |
-50,127
| Closed | -$41.8M |
|
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Sound Shore Management's Q3 2022 Portfolio in Review
As of Q3 2022, Sound Shore Management 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.
Sound Shore Management'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.
- Sound Shore Management's largest Q3 2022 buy was Cleveland-Cliffs: 4,829,215 shares worth $65M.
- Sound Shore Management added most to Baker Hughes in Q3 2022, an estimated $36M increase.
- Sound Shore Management's biggest Q3 2022 reduction was Morgan Stanley, cutting an estimated $43.8M.
- Sound Shore Management fully exited Verizon in Q3 2022, selling an estimated $62M.
- Sound Shore Management's ten largest holdings make up 37% of its $2.47B portfolio in Q3 2022.
- Sound Shore Management opened 3 new positions and closed 4 in Q3 2022.
- Sound Shore Management'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.