13F filing recap · Q4 2003

What did Sound Shore Management buy in Q4 2003?

Reported stock-position changes between this filing and the previous one. US-listed stocks across every Sound Shore account, including accounts that belong to no fund below.

Stock value

$3.38B

Positions

Estimated turnover

31.1%

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.

New positions

TWXTime Warner Inc$96.26Mreported value+5.35M shares CIThe Cigna Group$82.24Mreported value+1.43M shares LLLL-3 Communications Holdings, Inc.$79.90Mreported value+1.56M shares CMAComerica Inc$60.95Mreported value+1.09M shares USBUS Bancorp$34.10Mreported value+1.15M shares PIPRPiper Sandler Companies$476.0Kreported value+11.5K shares

Increased positions

BRK.ABerkshire Hathaway Inc$175.32Mreported value+274 shares+15.2%FWONALiberty Media Corporation$120.54Mreported value+2.50M shares+32.7%FMCCFederal Home Loan Mortgage Corp$114.81Mreported value+206.7K shares+11.7%BAXBaxter International Inc$109.14Mreported value+697.1K shares

Reduced positions

TYCTyco International Ltd$108.59Mreported value-22.4K shares-0.5%TGPGeorgia-Pacific Timber Group (the Timber Company)$108.08Mreported value-246.2K shares-6.5%IPGThe Interpublic Group of Companies, Inc.$105.29Mreported value-73.1K shares-1.1%SPXCSpx Technologies, Inc.$102.81Mreported value

Exited positions

TRITriad Hospitals Inc$73.70Mprior reported value-2.43M shares-100.0%KGKing Pharmaceuticals Inc$54.41Mprior reported value-3.59M shares-100.0%AOLAol Time Warner Inc.$51.47Mprior reported value-3.41M shares-100.0%AONAon Plc$38.02Mprior reported value-1.82M shares