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SSM
Sound Shore Management Portfolio holdings
AUM
$2.98B
1-Year Est. Return
22.67%
This Fund
S&P 500
This Quarter
Est. Return
+5.54%
1 Year Est. Return
+22.67%
3 Year Est. Return
+82.34%
5 Year Est. Return
+96.32%
10 Year Est. Return
+322.64%
AUM
$2.66B
AUM Growth
-$2.43M
(-0.09%)
Cap. Flow
-$108M
Cap. Flow
% of AUM
-4.05%
Top 10 Holdings %
Top 10 Hldgs %
37.09%
Holding
42
New
7
Increased
9
Reduced
19
Closed
7
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
Avantor
AVTR
|
+$88.7M |
| 2 |
Constellation Energy
CEG
|
+$74.7M |
| 3 |
GE HealthCare
GEHC
|
+$71.8M |
| 4 |
Centene
CNC
|
+$60.8M |
| 5 |
Robert Half
RHI
|
+$57.5M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
FRC
First Republic Bank
FRC
|
+$96M |
| 2 |
SIVB
SVB Financial Group
SIVB
|
+$79.7M |
| 3 |
Alphabet (Google) Class A
GOOGL
|
+$74.5M |
| 4 |
SGI
Somnigroup International
SGI
|
+$72.3M |
| 5 |
Bank of America
BAC
|
+$61.5M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Healthcare | 22.53% |
| 2 | Technology | 21.4% |
| 3 | Consumer Discretionary | 12.36% |
| 4 | Industrials | 12.05% |
| 5 | Financials | 10.06% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
26
FedEx
FDX
$74.1B
| $64M | 2.41% |
279,968
-50,501
| -15% | -$10.3M |
|
27
Baker Hughes
BKR
$61.3B
| $63.2M | 2.38% |
2,190,302
-145,994
| -6% | -$4.42M |
|
28
Conagra Brands
CAG
$7.18B
| $61.5M | 2.31% |
1,636,384
-306,933
| -16% | -$11.4M |
|
|
29
Robert Half
RHI
$4.19B
| $58.3M | 2.2% |
+724,151
| New | +$57.5M |
|
30
PACCAR
PCAR
$71.6B
| $56.5M | 2.13% |
772,100
-126,301
| -14% | -$9.04M |
|
31
Cisco
CSCO
$480B
| $55.3M | 2.08% |
+1,057,542
| New | +$51.6M |
|
32
Kraft Heinz
KHC
$31.6B
| $54.6M | 2.05% |
+1,410,919
| New | +$55.9M |
|
|
33
Centene
CNC
$31.7B
| $54.1M | 2.04% |
+856,468
| New | +$60.8M |
|
|
HOLX
34
DELISTED
Hologic
HOLX
| $53.6M | 2.02% |
664,673
-238,190
| -26% | -$19.2M |
|
35
Micron Technology
MU
$1.01T
| $51.7M | 1.95% |
857,637
-362,060
| -30% | -$21.2M |
|
|
36
Bank of America
BAC
$440B
| – | – |
-1,858,364
| Closed | -$61.5M |
|
|
37
Alphabet (Google) Class A
GOOGL
$4.62T
| – | – |
-843,992
| Closed | -$74.5M |
|
38
Morgan Stanley
MS
$341B
| – | – |
-619,501
| Closed | -$52.7M |
|
39
Vontier
VNT
$4.76B
| – | – |
-30,988
| Closed | -$599K |
|
|
SGI
40
Somnigroup International
SGI
$14.7B
| – | – |
-2,107,039
| Closed | -$72.3M |
|
|
FRC
41
DELISTED
First Republic Bank
FRC
| – | – |
-787,896
| Closed | -$96M |
|
|
SIVB
42
DELISTED
SVB Financial Group
SIVB
| – | – |
-346,243
| Closed | -$79.7M |
|
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Sound Shore Management's Q1 2023 Portfolio in Review
As of Q1 2023, Sound Shore Management held 42 positions worth $2.66B, down 0.09% from $2.66B the previous quarter. Its ten largest holdings account for 37% of the portfolio.
Sound Shore Management withdrew a net $108M in Q1 2023, closing 7 positions and reducing 19 holdings. Its most notable exit was First Republic Bank, an estimated $96M position sold in full.
By sector, the portfolio is most concentrated in Healthcare at 23% of assets, up from 14% a quarter earlier, followed by Technology and Consumer Discretionary.
Against the trend, Sound Shore Management opened a new position in Avantor worth $82.2M.
- Sound Shore Management's largest Q1 2023 buy was Avantor: 3,890,403 shares worth $82.2M.
- Sound Shore Management added most to Pfizer in Q1 2023, an estimated $24.1M increase.
- Sound Shore Management's biggest Q1 2023 reduction was PVH, cutting an estimated $37M.
- Sound Shore Management fully exited First Republic Bank in Q1 2023, selling an estimated $96M.
- Sound Shore Management's ten largest holdings make up 37% of its $2.66B portfolio in Q1 2023.
- Sound Shore Management opened 7 new positions and closed 7 in Q1 2023.
- Sound Shore Management's portfolio value fell 0.09% quarter-over-quarter to $2.66B.
Based on Sound Shore Management's 13F filing for Q1 2023, filed 5 May 2023.