13F filing recap · Q1 2016

What did Sound Shore Management buy in Q1 2016?

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

$5.50B

Positions

Estimated turnover

25.3%

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

BRK.BBerkshire Hathaway Inc$154.23Mreported value+1.09M shares PFEPfizer Inc.$126.95Mreported value+4.28M shares HPEHewlett Packard Enterprise Company$114.70Mreported value+6.47M shares

Increased positions

MRKMerck & Co., Inc.$195.38Mreported value+275.8K shares+8.1%COFCapital One Financial Corp$169.64Mreported value+114.6K shares+4.9%CITCit Group Inc$165.36Mreported value+781.8K shares+17.2%ADIAnalog Devices, Inc.$161.83Mreported value+123.5K shares

Reduced positions

ORCLOracle Corporation$192.35Mreported value-94.6K shares-2.0%MSFTMicrosoft Corporation$180.91Mreported value-8.6K shares-0.3%CBSCbs Corp$166.80Mreported value-280.9K shares-8.5%IPInternational Paper Company$166.55Mreported value-49.3K shares

Exited positions

SNYSanofi$152.25Mprior reported value-3.57M shares-100.0%AIGAmerican International Group, Inc.$150.52Mprior reported value-2.43M shares-100.0%