13F filing recap · Q1 2023

What did Sound Shore Management buy in Q1 2023?

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

$2.66B

Positions

Estimated turnover

45.9%

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

GEHCGE Healthcare Technologies Inc.$82.45Mreported value+1.01M shares AVTRAvantor, Inc.$82.24Mreported value+3.89M shares CEGConstellation Energy Corporation$72.52Mreported value+923.8K shares RHIRobert Half Inc.$58.34Mreported value+724.2K shares CSCOCisco Systems, Inc.$55.28Mreported value+1.06M shares KHCKraft Heinz Co$54.56Mreported value+1.41M shares CNCCentene Corporation$54.14Mreported value+856.5K shares

Increased positions

PFEPfizer Inc.$99.55Mreported value+558.2K shares+29.7%OGNOrganon & Co.$78.42Mreported value+296.6K shares+9.8%CAHCardinal Health, Inc.$77.05Mreported value+291.9K shares+40.1%TTETotalenergies SE$72.59Mreported value+277.9K shares

Reduced positions

FLEXFlex Ltd.$114.44Mreported value-590.9K shares-10.6%ORCLOracle Corporation$112.60Mreported value-99.2K shares-7.6%VSTVistra Corp.$108.25Mreported value-723.7K shares-13.8%NXPINxp Semiconductors N.v.$99.29Mreported value-12.9K shares

Exited positions

FRCFirst Republic Bank$96.04Mprior reported value-787.9K shares-100.0%SIVBQSvb Financial Group$79.68Mprior reported value-346.2K shares-100.0%GOOGLAlphabet Inc.$74.47Mprior reported value-844.0K shares-100.0%SGITempur Sealy International Inc$72.33Mprior reported value-2.11M shares