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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
+5.63%
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
$2.71B
AUM Growth
+$55.7M
(+2.1%)
Cap. Flow
-$83.6M
Cap. Flow
% of AUM
-3.08%
Top 10 Holdings %
Top 10 Hldgs %
36.08%
Holding
39
New
4
Increased
9
Reduced
24
Closed
2
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
Analog Devices
ADI
|
+$63.4M |
| 2 |
Fidelity National Information Services
FIS
|
+$57.8M |
| 3 |
Elevance Health
ELV
|
+$54.2M |
| 4 |
Cisco
CSCO
|
+$13M |
| 5 |
Centene
CNC
|
+$11.4M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
VSXY
Victoria's Secret
VSXY
|
+$67.8M |
| 2 |
Oracle
ORCL
|
+$66.6M |
| 3 |
Lam Research
LRCX
|
+$65.4M |
| 4 |
Lennar Class A
LEN
|
+$44.4M |
| 5 |
Cardinal Health
CAH
|
+$34.9M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Healthcare | 22.54% |
| 2 | Technology | 22.21% |
| 3 | Industrials | 12.96% |
| 4 | Financials | 10.58% |
| 5 | Consumer Discretionary | 8.26% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
26
PACCAR
PCAR
$64.5B
| $62.2M | 2.29% |
743,984
-28,116
| -4% | -$2.08M |
|
|
27
Fidelity National Information Services
FIS
$19.3B
| $57.5M | 2.12% |
+1,050,900
| New | +$57.8M |
|
|
28
Cardinal Health
CAH
$54.1B
| $57.4M | 2.12% |
606,871
-413,630
| -41% | -$34.9M |
|
29
Applied Materials
AMAT
$334B
| $56.7M | 2.09% |
392,001
-176,970
| -31% | -$22.2M |
|
|
30
Lennar Class A
LEN
$19.3B
| $56M | 2.07% |
462,047
-406,635
| -47% | -$44.4M |
|
31
Conagra Brands
CAG
$7.21B
| $54.5M | 2.01% |
1,614,841
-21,543
| -1% | -$778K |
|
32
Robert Half
RHI
$3.92B
| $53.8M | 1.98% |
715,537
-8,614
| -1% | -$615K |
|
33
Kraft Heinz
KHC
$29.3B
| $52.8M | 1.95% |
1,486,801
+75,882
| +5% | +$2.92M |
|
|
HOLX
34
DELISTED
Hologic
HOLX
| $52.3M | 1.93% |
646,247
-18,426
| -3% | -$1.51M |
|
|
35
Elevance Health
ELV
$90.6B
| $52.2M | 1.92% |
+117,387
| New | +$54.2M |
|
36
Micron Technology
MU
$1.05T
| $51.8M | 1.91% |
821,160
-36,477
| -4% | -$2.34M |
|
|
37
Lam Research
LRCX
$339B
| – | – |
-1,233,750
| Closed | -$65.4M |
|
|
VSXY
38
Victoria's Secret
VSXY
$5.79B
| – | – |
-1,986,788
| Closed | -$67.8M |
|
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Sound Shore Management's Q2 2023 Portfolio in Review
As of Q2 2023, Sound Shore Management held 39 positions worth $2.71B, up 2.1% from $2.66B the previous quarter. Its ten largest holdings account for 36% of the portfolio.
Sound Shore Management withdrew a net $83.6M in Q2 2023, closing 2 positions and reducing 24 holdings. Its most notable exit was Victoria's Secret, an estimated $67.8M position sold in full.
By sector, the portfolio is most concentrated in Healthcare at 23% of assets, up from 23% a quarter earlier, followed by Technology and Industrials.
Against the trend, Sound Shore Management opened a new position in Analog Devices worth $66.7M.
- Sound Shore Management's largest Q2 2023 buy was Analog Devices: 342,209 shares worth $66.7M.
- Sound Shore Management added most to Cisco in Q2 2023, an estimated $13M increase.
- Sound Shore Management's biggest Q2 2023 reduction was Oracle, cutting an estimated $66.6M.
- Sound Shore Management fully exited Victoria's Secret in Q2 2023, selling an estimated $67.8M.
- Sound Shore Management's ten largest holdings make up 36% of its $2.71B portfolio in Q2 2023.
- Sound Shore Management opened 4 new positions and closed 2 in Q2 2023.
- Sound Shore Management's portfolio value rose 2.1% quarter-over-quarter to $2.71B.
Based on Sound Shore Management's 13F filing for Q2 2023, filed 9 Aug 2023.