13F filing recap · Q4 2018

What did Sound Shore Management buy in Q4 2018?

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

$4.86B

Positions

Estimated turnover

30.8%

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

CMCSAComcast Corporation$151.10Mreported value+4.44M shares MDLZMondelez International, Inc.$141.11Mreported value+3.53M shares LENLennar Corp /new/$105.32Mreported value+2.69M shares ETRNEquitrans Midstream Corp$102.79Mreported value+5.13M shares NXPINxp Semiconductors N.v.$101.48Mreported value+1.38M shares JBLUJetblue Airways Corporation$188.0Kreported value+11.7K shares

Increased positions

BRK.BBerkshire Hathaway Inc$210.82Mreported value+40.1K shares+4.0%FDCFirst Data Corp New$165.14Mreported value+704.7K shares+7.8%COFCapital One Financial Corp$158.41Mreported value+49.0K shares+2.4%DALDelta Air Lines, Inc.$158.05Mreported value+325.3K shares

Reduced positions

MRKMerck & Co., Inc.$254.00Mreported value-348.7K shares-9.5%BACBank of America Corp$174.56Mreported value-187.0K shares-2.6%SABRSabre Corporation$172.31Mreported value-98.2K shares-1.2%CCitigroup Inc$166.97Mreported value-294.2K shares

Exited positions

IPInternational Paper Company$174.51Mprior reported value-3.55M shares-100.0%PNRPentair Plc$134.18Mprior reported value-3.10M shares-100.0%METMetlife, Inc.$93.36Mprior reported value-2.00M shares-100.0%VISNCommscope Holding Company, Inc.$54.84Mprior reported value-1.78M shares