13F filing recap · Q3 2020

What did Sound Shore Management buy in Q3 2020?

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

$3.20B

Positions

Estimated turnover

35.3%

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

FISVFiserv Inc$71.39Mreported value+692.8K shares IPInternational Paper Company$70.60Mreported value+1.74M shares FLEXFlex Ltd.$68.12Mreported value+6.12M shares EOGEog Resources, Inc.$61.89Mreported value+1.72M shares ADIAnalog Devices, Inc.$537.0Kreported value+4.6K shares

Increased positions

CIThe Cigna Group$110.76Mreported value+229.2K shares+54.0%CBChubb Limited$94.50Mreported value+156.6K shares+23.8%NXPINxp Semiconductors N.v.$85.17Mreported value+53.3K shares+8.5%AMATApplied Materials Inc /de$85.07Mreported value+178.6K shares

Reduced positions

ORCLOracle Corporation$138.42Mreported value-330.4K shares-12.5%CMCSAComcast Corporation$110.92Mreported value-802.2K shares-25.1%BACBank of America Corp$110.43Mreported value-529.9K shares-10.4%MSMorgan Stanley$108.11Mreported value-215.5K shares

Exited positions

MDLZMondelez International, Inc.$82.16Mprior reported value-1.61M shares-100.0%MSFTMicrosoft Corporation$295.0Kprior reported value-1.4K shares-100.0%AONAon Plc$221.0Kprior reported value-1.1K shares-100.0%