13F filing recap · Q4 2017

What did Sound Shore Management buy in Q4 2017?

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

$6.56B

Positions

Estimated turnover

33.4%

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.

New positions

FLRFluor Corporation$189.38Mreported value+3.67M shares METMetlife, Inc.$179.41Mreported value+3.55M shares INTCIntel Corp$170.86Mreported value+3.70M shares MUMicron Technology, Inc.$126.62Mreported value+3.08M shares SABRSabre Corporation$117.15Mreported value+5.71M shares FCXFreeport-Mcmoran Inc.$115.09Mreported value+6.07M shares

Increased positions

COFCapital One Financial Corp$237.98Mreported value+29.0K shares+1.2%IPInternational Paper Company$231.77Mreported value+375.8K shares+10.4%PFEPfizer Inc.$211.63Mreported value+504.8K shares+9.5%TTETotalenergies SE$211.13Mreported value+19.9K shares

Reduced positions

BACBank of America Corp$296.24Mreported value-85.8K shares-0.8%CCitigroup Inc$267.54Mreported value-27.5K shares-0.8%OXYOccidental Petroleum Corporation$218.14Mreported value-145.7K shares-4.7%BRK.BBerkshire Hathaway Inc$193.60Mreported value-20.7K shares

Exited positions

ADIAnalog Devices, Inc.$171.58Mprior reported value-1.99M shares-100.0%AGNAllergan Plc$160.08Mprior reported value-781.1K shares-100.0%HPEHewlett Packard Enterprise Company$140.17Mprior reported value-9.53M shares-100.0%GEGeneral Electric Company$127.42Mprior reported value-5.27M shares