Sound Shore Management

Harry Burn

US-listed stocks across every Sound Shore account, including accounts that belong to no fund below. Harry Burn III is a contrarian value investor who has spent nearly five decades buying the large, unloved companies that Wall Street has stopped paying attention to. He trained at Chase Investment Counsel before striking out on his own in 1978 to found Sound Shore Management, a boutique shop run out of Greenwich, Connecticut that is owned by its own employees. Burn, who holds an MBA from the University of Virginia's Darden School and is a CFA charterholder, worked alongside co-founder T. Gibbs Kane Jr. for the firm's entire history. Sound Shore's approach has barely changed since the beginning: the firm hunts for established large-cap businesses trading well below their own historical earnings multiples, preferring names Wall Street has written off but that still generate real earnings and steady growth. The firm holds what it buys patiently, waiting for the market to eventually re-rate a neglected stock rather than pushing companies to change. In 1985, Burn and Kane launched the Sound Shore Fund as a no-load mutual fund, an early attempt to open their institutional value strategy to ordinary retail investors without sales charges. The one story worth telling is the founding itself. Burn did not set out to build a famous brand; he left a steady job in 1978 to run a value strategy of his own, and seven years later gave everyday investors a low-cost way into it at a time when such access was rare. After nearly five decades at the firm, Burn stepped back from day-to-day portfolio management at the end of 2024, though he remains Co-Chairman alongside Kane.

Top Position

TEVA 3.9%