Harry Burn portfolio & holdings
Sound Shore
Historical clone performance and limitations
Harry Burn (Sound Shore) discloses a $3.25B portfolio across 40 US-listed positions in the latest 13F filing (2026Q2, filed Aug 12, 2026). The largest holding is TEVA at 4.0% of the book.
A material reported change · Q2 2026
Harry Burn reported a new position in TMO.
Holdings as of Jun 30, 2026 · filed Aug 12, 2026. Position at period end: 2.6% of the reported portfolio. The filing does not reveal the trade date, price, or reason.
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Holdings (40) · click any column to sort
| #↑ | Ticker | Issuer | % Port. | This Q | History | Value |
|---|---|---|---|---|---|---|
| 1 | TEVA | 4.0% | $129M | |||
| 2 | LUV | 3.9% | $126M | |||
| 3 | BAC | 3.6% | $116M | |||
| 4 | AAL | 3.3% | $108M | |||
| 5 | BRK/B | 3.1% | $102M | |||
| 6 | QCOM | 3.1% | $101M | |||
| 7 | ELV | 2.9% | $94M | |||
| 8 | DIS | 2.9% | $93M | |||
| 9 | OC | 2.9% | $93M | |||
| 10 | PFE | 2.8% | $92M | |||
| 11 | VST | 2.8% | $92M | |||
| 12 | TEL | 2.8% | $90M | |||
| 13 | QXO | 2.8% | $90M | |||
| 14 | BA | 2.7% | $88M | |||
| 15 | UPS | 2.7% | $86M | |||
| 16 | C | 2.7% | $86M | |||
| 17 | INCY | 2.6% | $86M | |||
| 18 | SW | 2.6% | $85M | |||
| 19 | AMZN | 2.6% | $83M | |||
| 20 | EQT | 2.6% | $83M | |||
| 21 | GOOGL | 2.6% | $83M | |||
| 22 | TMO | 2.6% | $83M | |||
| 23 | BP | 2.5% | $83M | |||
| 24 | OMC | 2.5% | $82M | |||
| 25 | NXPI | 2.5% | $81M | |||
| 26 | REGN | 2.4% | $79M | |||
| 27 | GM | 2.4% | $79M | |||
| 28 | PEG | 2.4% | $79M | |||
| 29 | MHK | 2.4% | $77M | |||
| 30 | WFC | 2.3% | $74M | |||
| 31 | GEHC | 2.2% | $72M | |||
| 32 | CSX | 2.2% | $70M | |||
| 33 | NFG | 2.1% | $70M | |||
| 34 | ZBH | 2.1% | $68M | |||
| 35 | GPC | 2.1% | $68M | |||
| 36 | ORCL | 2.1% | $67M | |||
| 37 | MDT | 2.0% | $66M | |||
| 38 | KD | 0.9% | $28M | |||
| 39 | PKG | 0.4% | $15M | |||
| 40 | CVX | 0.1% | $2M |
- 1TEVAport4.0%val$129MTeva Pharmaceutical-sp Adrthis Q hold·12q
- 2LUVport3.9%val$126MSouthwest Airlines COthis Q +22%·7q
- 3BACport3.6%val$116MBank OF America Corpthis Q hold·31q
- 4AALport3.3%val$108MAmerican Airlines Group Incthis Q New·—1q
- port3.1%val$102MBerkshire Hathaway Inc-cl Bthis Q hold·40q
- 6QCOMport3.1%val$101MQualcomm Incthis Q +29%·4q
- 7ELVport2.9%val$94MElevance Health Incthis Q New·14q
- 8DISport2.9%val$93MWalt Disney Co/thethis Q hold·9q
- 9OCport2.9%val$93MOwens Corningthis Q hold·2q
- 10PFEport2.8%val$92MPfizer Incthis Q +33%·34q
- 11VSTport2.8%val$92MVistra Corpthis Q +20%·18q
- 12TELport2.8%val$90MTE Connectivity Plcthis Q New·—1q
- 13QXOport2.8%val$90MQxo Incthis Q +32%·3q
- 14BAport2.7%val$88MBoeing Co/thethis Q hold·7q
- 15UPSport2.7%val$86MUnited Parcel Service-cl Bthis Q hold·2q
- 16Cport2.7%val$86MCitigroup Incthis Q -20%·26q
- 17INCYport2.6%val$86MIncyte Corpthis Q hold·8q
- 18SWport2.6%val$85MSmurfit Westrock Public Limited Companythis Q +22%·2q
- 19AMZNport2.6%val$83MAmazon.com Incthis Q hold·2q
- 20EQTport2.6%val$83MEqt Corpthis Q +27%·12q
- 21GOOGLport2.6%val$83MAlphabet Inc-cl Athis Q hold·31q
- 22TMOport2.6%val$83MThermo Fisher Scientific Incthis Q New·18q
- 23BPport2.5%val$83MBP Plc-spons Adrthis Q +34%·18q
- 24OMCport2.5%val$82MOmnicom Groupthis Q +34%·2q
- 25NXPIport2.5%val$81MNxp Semiconductors NVthis Q -30%·28q
- 26REGNport2.4%val$79MRegeneron Pharmaceuticalsthis Q hold·4q
- 27GMport2.4%val$79MGeneral Motors COthis Q hold·21q
- 28PEGport2.4%val$79MPublic Service Enterprise GPthis Q hold·9q
- 29MHKport2.4%val$77MMohawk Industries Incthis Q hold·8q
- 30WFCport2.3%val$74MWells Fargo & COthis Q hold·22q
- 31GEHCport2.2%val$72MGE Healthcare Technologythis Q hold·14q
- 32CSXport2.2%val$70MCsx Corpthis Q -26%·7q
- 33NFGport2.1%val$70MNational Fuel Gas COthis Q New·—1q
- 34ZBHport2.1%val$68MZimmer Biomet Holdings Incthis Q -24%·7q
- 35GPCport2.1%val$68MGenuine Parts COthis Q New·—1q
- 36ORCLport2.1%val$67MOracle Corpthis Q New·29q
- 37MDTport2.0%val$66MMedtronic, Plcthis Q hold·2q
- 38KDport0.9%val$28MKyndryl Holdings Incthis Q -40%·4q
- 39PKGport0.4%val$15MPackaging Corp OF Americathis Q hold·3q
- 40CVXport0.1%val$2MChevron Corpthis Q +37%·6q
Tickers without links do not have a dedicated stock research page. Their reported positions remain in this table. Inspect the manager's SEC filings ↗
Beyond the 13F
as of 2026-06-30Across Harry Burn’s registered funds — $995M disclosed in SEC Form N-PORT — just 97.4% sits in US-listed equity, the only slice a 13F reports. The other $26M is cash — none of which a 13F can show.
These registered funds hold $995M against the $3.25B Harry Burn reports on its 13F, so this describes those funds, not the whole firm. Everything the manager runs outside a registered fund — separate accounts, private vehicles — files no N-PORT and is not counted here.
Where the hidden money is
Largest positions no 13F shows
| First American Government Obligations Fund · United States · USD | $26M |
From SEC Form N-PORT, which registered funds file with their full portfolio — every currency, asset class and short. Covers 1 fund. The percentage above is the composition of those funds, not a ratio between two filings: a 13F spans every discretionary account but only US-listed securities, while N-PORT covers only the registered funds but every asset inside them — different universes, so the totals are not comparable (the 13F itself reports $3.25B for 2026-06-30). None of this feeds the backtest above, which stays a pure 13F clone.
2026Q2 moves, by size (29)(expand ↓)
| Ticker | Issuer | Move | % Port. | Δ Shares | Value |
|---|---|---|---|---|---|
| LUV | Southwest Airlines CO | ADD | 3.9% | +22% | $126M |
| MRVL | Marvell Technology Inc | EXIT | 3.8% | -100% | $0 |
| AAL | American Airlines Group Inc | NEW | 3.3% | +100% | $108M |
| ZBH | Zimmer Biomet Holdings Inc | TRIM | 2.1% | -24% | $68M |
| QCOM | Qualcomm Inc | ADD | 3.1% | +29% | $101M |
| C | Citigroup Inc | TRIM | 2.7% | -20% | $86M |
| ELV | Elevance Health Inc | NEW | 2.9% | +100% | $94M |
| PFE | Pfizer Inc | ADD | 2.8% | +33% | $92M |
| VST | Vistra Corp | ADD | 2.8% | +20% | $92M |
| TEL | TE Connectivity Plc | NEW | 2.8% | +100% | $90M |
| QXO | Qxo Inc | ADD | 2.8% | +32% | $90M |
| CSX | Csx Corp | TRIM | 2.2% | -26% | $70M |
| NXPI | Nxp Semiconductors NV | TRIM | 2.5% | -30% | $81M |
| EQT | Eqt Corp | ADD | 2.6% | +27% | $83M |
| BP | BP Plc-spons Adr | ADD | 2.5% | +34% | $83M |
| SW | Smurfit Westrock Public Limited Company | ADD | 2.6% | +22% | $85M |
| TMO | Thermo Fisher Scientific Inc | NEW | 2.6% | +100% | $83M |
| OMC | Omnicom Group | ADD | 2.5% | +34% | $82M |
| CTRA | Coterra Energy Inc | EXIT | 2.5% | -100% | $0 |
| M22465104 | Check Point Software Technologies Ltd. | EXIT | 2.5% | -100% | $0 |
| ACI | Albertsons Cos Inc - Class A | EXIT | 2.4% | -100% | $0 |
| ICLR | Icon Plc | EXIT | 2.3% | -100% | $0 |
| KMI | Kinder Morgan Inc | EXIT | 2.2% | -100% | $0 |
| NFG | National Fuel Gas CO | NEW | 2.1% | +100% | $70M |
| GPC | Genuine Parts CO | NEW | 2.1% | +100% | $68M |
| ORCL | Oracle Corp | NEW | 2.1% | +100% | $67M |
| Y2573F102 | Flex Ltd. | EXIT | 2.0% | -100% | $0 |
| KD | Kyndryl Holdings Inc | TRIM | 0.9% | -40% | $28M |
| CVX | Chevron Corp | ADD | 0.1% | +37% | $2M |
- ADDLUV3.9%Southwest Airlines COΔ +22%·$126M
- EXITMRVL3.8%Marvell Technology IncΔ -100%·$0
- NEWAAL3.3%American Airlines Group IncΔ +100%·$108M
- TRIMZBH2.1%Zimmer Biomet Holdings IncΔ -24%·$68M
- ADDQCOM3.1%Qualcomm IncΔ +29%·$101M
- TRIMC2.7%Citigroup IncΔ -20%·$86M
- NEWELV2.9%Elevance Health IncΔ +100%·$94M
- ADDPFE2.8%Pfizer IncΔ +33%·$92M
- ADDVST2.8%Vistra CorpΔ +20%·$92M
- NEWTEL2.8%TE Connectivity PlcΔ +100%·$90M
- ADDQXO2.8%Qxo IncΔ +32%·$90M
- TRIMCSX2.2%Csx CorpΔ -26%·$70M
- TRIMNXPI2.5%Nxp Semiconductors NVΔ -30%·$81M
- ADDEQT2.6%Eqt CorpΔ +27%·$83M
- ADDBP2.5%BP Plc-spons AdrΔ +34%·$83M
- ADDSW2.6%Smurfit Westrock Public Limited CompanyΔ +22%·$85M
- NEWTMO2.6%Thermo Fisher Scientific IncΔ +100%·$83M
- ADDOMC2.5%Omnicom GroupΔ +34%·$82M
- EXITCTRA2.5%Coterra Energy IncΔ -100%·$0
- EXITM224651042.5%Check Point Software Technologies Ltd.Δ -100%·$0
- EXITACI2.4%Albertsons Cos Inc - Class AΔ -100%·$0
- EXITICLR2.3%Icon PlcΔ -100%·$0
- EXITKMI2.2%Kinder Morgan IncΔ -100%·$0
- NEWNFG2.1%National Fuel Gas COΔ +100%·$70M
- NEWGPC2.1%Genuine Parts COΔ +100%·$68M
- NEWORCL2.1%Oracle CorpΔ +100%·$67M
- EXITY2573F1022.0%Flex Ltd.Δ -100%·$0
- TRIMKD0.9%Kyndryl Holdings IncΔ -40%·$28M
- ADDCVX0.1%Chevron CorpΔ +37%·$2M
About Harry Burn
Harry Burn co-founded Sound Shore Management in 1978 and has run the firm's flagship strategy for nearly five decades, making it one of the longer-lived independent value shops in the U.S. The approach is disciplined, bottom-up contrarian value — buying out-of-favor large- and mid-cap names trading at discounts to estimated intrinsic value and waiting for a catalyst or re-rating to close the gap. The 13F reflects the strategy cleanly: roughly 40 equity positions, moderate diversification, and a top-five concentration around 18%, which is meaningfully less concentrated than deep-conviction value peers. Current weights in TEVA, REGN, and MRVL illustrate the willingness to hold both turnaround situations and growth-at-a-discount names within the same sleeve. Sound Shore does not employ significant derivatives or short positions as a structural matter, so the long-only 13F is a reasonably faithful representation of the book, subject only to the standard 45-day disclosure lag.
2026Q2 brief
Harry Burn's Sound Shore posted a busy Q2 2026 with six new positions and six full exits across a $3.25B, 40-stock book. The splashiest moves were initiating AAL (3.3% of portfolio) and ELV (2.9%), while simultaneously exiting MRVL (previously 3.8%) and Check Point Software (2.5%) — a clear rotation away from tech/cybersecurity toward beaten-down airlines and managed care. The semiconductor trimming theme extends further: NXPI was cut ~30% and QCOM was simultaneously added ~29%, suggesting Burn is concentrating semiconductor exposure in higher-conviction, cheaper names rather than exiting the sector wholesale. New positions in TEL, TMO, NFG, and GPC reinforce a value-with-catalyst tilt across industrials, healthcare tools, and energy infrastructure — all classically out-of-favor areas for a deep-value shop. On the add side, PFE (+33%) and QXO (+32%) show Burn leaning into turnaround stories the market still doubts. The aggressive liquidation of KD (−40%) and ICLR signals impatience with technology services laggards. Watch whether AAL — now a top-5 holding — gets further built or proves a quick trade in the Q3 filing.
AI-generated. Not investment advice.
Filing history
Harry Burn's disclosed 13F portfolio value and position count by quarter — the trajectory across every SEC filing.
| Quarter | Positions | Portfolio value |
|---|---|---|
| Q2 2026 — what changed → | 40 | $3.25B |
| Q1 2026 — what changed → | 40 | $2.98B |
| Q4 2025 — what changed → | 37 | $3.14B |
| Q3 2025 — what changed → | 38 | $3.03B |
| Q2 2025 — what changed → | 36 | $2.93B |
| Q1 2025 — what changed → | 37 | $2.85B |
| Q4 2024 holdings | 40 | $3.03B |
| Q3 2024 holdings | 40 | $3.07B |
| Q2 2024 holdings | 39 | $3.00B |
| Q1 2024 holdings | 38 | $3.20B |
| Q4 2023 holdings | 36 | $2.88B |
| Q3 2023 holdings | 38 | $2.61B |
Values as disclosed at each quarter end. Older filings on EDGAR.
Manager evidence
30 material decisions, preserved in sequence.
See what Harry Burn bought, added, trimmed, or exited across eight quarters—plus disclosure lag, SEC sources, and observed outcomes versus SPY. No guru grade.
Open Harry Burn's decision evidence →Frequently asked questions
- What stocks does Harry Burn own?
- As of 2026Q2, Harry Burn's 13F discloses 40 positions worth $3.25B. The top five holdings: TEVA (4.0%), LUV (3.9%), BAC (3.6%), AAL (3.3%), BRK/B (3.1%). 13F filings cover long US-listed equities only — cash, bonds, shorts, and non-US positions are not disclosed.
- What did Harry Burn buy this quarter?
- In 2026Q2, the filing shows 7 new positions and 10 additions to existing holdings. The largest positions touched by buying: LUV, AAL, QCOM, ELV, PFE.
- How big is Harry Burn's portfolio?
- $3.25B across 40 positions per the latest 13F (filed Aug 12, 2026). The top five holdings account for 18% of the disclosed book.
Similar portfolios
Long US equity 13F-HR filings only — no shorts, no derivatives. SEC filings at EDGAR (CIK 0000820124). Not investment advice.