N-PORT filing recap · December 2025

What did Sound Shore Fund buy in December 2025?

Reported stock-position changes between this filing and the previous one. These are Sound Shore Fund's own holdings, not the firm's.

Stock value

$941.27M

Positions

Estimated turnover

38.4%

Turnover is a proxy: verified trade-origin share changes valued at period-end and divided by average reported stock value. SEC holdings reports do not disclose execution dates or prices. Corporate actions and unreconciled activity are excluded.

Period in review

Sound Shore Fund opened new positions in Salesforce, Qxo, and BP during December, while exiting Hologic, International Paper, PayPal, and Perrigo. The fund sharply increased its stake in Regeneron Pharmaceuticals and substantially added to Public Service Enterprise Group and Kyndryl Holdings. It trimmed Teva Pharmaceutical, Nestle, Citigroup, Capital One, Bank of America, General Motors, Coterra Energy, and several others, with a substantial reduction in Warner Bros. Discovery.

New positions

CRMSalesforce, Inc.$27.47Mreported value+103.7K shares QXOQxo, Inc.$21.94Mreported value+1.14M shares BPBp Plc$19.33Mreported value+556.5K shares

Increased positions

REGNRegeneron Pharmaceuticals, Inc.$39.99Mreported value+26.3K shares+103.1%GOOGLAlphabet Inc.$32.26Mreported value+6.3K shares+6.5%DISWalt Disney Co/$30.93Mreported value+58.2K shares+27.2%PEGPublic Service Enterprise Group Inc$30.69Mreported value+145.8K shares

Reduced positions

TEVATeva Pharmaceutical Industries Limited$39.62Mreported value-443.0K shares-25.9%NSRGYNestle SA$30.01Mreported value-44.6K shares-12.8%CCitigroup Inc$27.07Mreported value-67.0K shares-22.4%COFCapital One Financial Corp$26.00Mreported value-40.2K shares

Exited positions

HOLXHologic Inc$28.43Mprior reported value-421.3K shares-100.0%PRGOPerrigo Company Plc$24.60Mprior reported value-1.10M shares-100.0%IPInternational Paper Company$21.52Mprior reported value-463.8K shares-100.0%PYPLPayPal Holdings, Inc.$21.38Mprior reported value-318.9K shares