13F filing recap · Q2 2016

What did Sound Shore Management buy in Q2 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

$5.46B

Positions

Estimated turnover

64.6%

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

CPNCalpine Corp$146.31Mreported value+9.92M shares FDCFirst Data Corp New$129.71Mreported value+11.72M shares LILAKLiberty Global Ltd.$17.28Mreported value+531.8K shares

Increased positions

TTETotalenergies SE$176.94Mreported value+717.6K shares+24.2%PFEPfizer Inc.$157.01Mreported value+176.2K shares+4.1%HPEHewlett Packard Enterprise Company$154.15Mreported value+1.97M shares+30.4%GEGeneral Electric Company$150.49Mreported value+56.5K shares

Reduced positions

MRKMerck & Co., Inc.$195.80Mreported value-294.1K shares-8.0%ORCLOracle Corporation$177.76Mreported value-358.8K shares-7.6%IPInternational Paper Company$162.84Mreported value-216.0K shares-5.3%CMCSAComcast Corporation$162.73Mreported value-9.9K shares