Harry Burn - Sound Shore Management 13F Activity & Position Changes (Q1 2016)

According to the SEC 13F filed on Aug 12, 2026, the Sound Shore Management portfolio showed several notable changes in holdings as of quarter-end Mar 31, 2016. The activity included new positions, additions to existing holdings, reductions, and complete exits, providing a clear view of how the portfolio evolved during the quarter.

During Q1 2016, the filing reported:

New Buys - Berkshire Hathaway Inc. New, Hewlett Packard Enterprise Comp, Pfizer, Inc.

Increases - Analog Devices, Inc., Bank of America Corporation, Citigroup, Inc., Citizens Financial Group, Inc., Capital One Financial Corporati, and 5 more

Reductions - Agilent Technologies, Inc., AerCap, Applied Materials, Inc., BP p.l.c., Comcast Corporation, and 13 more

Complete Exits - American International Group, I, Sanofi

These updates highlight how the portfolio adjusted across different sectors and market conditions, offering insights into allocation shifts and investment trends.

Date	Symbol	Name	Type	Change Qty	% Change	Value	Remaining
Q1 2016	A Agilent Technologies, Inc.	Agilent Technologies, Inc.	Sell	-367,079	-9.2%	$145.11K	3,641,415
Q1 2016	ADI Analog Devices, Inc.	Analog Devices, Inc.	Buy	+123,507	+4.7%	$161.83K	2,734,139
Q1 2016	AER AerCap	AerCap	Sell	-460,995	-13.9%	$110.26K	2,844,681
Q1 2016	AIG American International Group, I	American International Group, I	Sell - Position Exit	-2,428,892	-100.0%	$0.00	-
Q1 2016	AMAT Applied Materials, Inc.	Applied Materials, Inc.	Sell	-2,161,622	-22.9%	$153.83K	7,262,948
Q1 2016	BAC Bank of America Corporation	Bank of America Corporation	Buy	+730,708	+7.2%	$147.09K	10,879,147
Q1 2016	BP BP p.l.c.	BP p.l.c.	Sell	-473,012	-9.7%	$133.20K	4,413,542
Q1 2016	BRK-B Berkshire Hathaway Inc. New	Berkshire Hathaway Inc. New	Buy - Position Entry	+1,087,020	-	$154.23K	1,087,020
Q1 2016	C Citigroup, Inc.	Citigroup, Inc.	Buy	+144,125	+4.3%	$147.36K	3,529,570
Q1 2016	CFG Citizens Financial Group, Inc.	Citizens Financial Group, Inc.	Buy	+145,717	+2.3%	$135.75K	6,479,598
Q1 2016	CMCSA Comcast Corporation	Comcast Corporation	Sell	-368,589	-12.8%	$153.07K	2,506,130
Q1 2016	COF Capital One Financial Corporati	Capital One Financial Corporati	Buy	+114,552	+4.9%	$169.64K	2,447,597
Q1 2016	EQT EQT Corporation	EQT Corporation	Sell	-894,215	-29.7%	$142.14K	2,113,346
Q1 2016	EXC Exelon Corporation	Exelon Corporation	Sell	-1,103,701	-20.6%	$152.70K	4,258,256
Q1 2016	FLEX Flex	Flex	Sell	-45,860	-0.3%	$160.62K	13,318,687
Q1 2016	GOOGL Alphabet Inc.	Alphabet Inc.	Buy	+1,287	+0.7%	$143.88K	188,595
Q1 2016	HOUS Anywhere Real Estate Inc.	Anywhere Real Estate Inc.	Sell	-10,457	-0.3%	$132.38K	3,665,878
Q1 2016	HPE Hewlett Packard Enterprise Comp	Hewlett Packard Enterprise Comp	Buy - Position Entry	+6,469,513	-	$114.70K	6,469,513
Q1 2016	IP International Paper Company	International Paper Company	Sell	-49,327	-1.2%	$166.55K	4,058,331
Q1 2016	IVZ Invesco	Invesco	Buy	+193,876	+4.1%	$149.89K	4,871,433
Q1 2016	KEYS Keysight Technologies Inc.	Keysight Technologies Inc.	Buy	+235,088	+4.5%	$151.65K	5,466,709
Q1 2016	LOW Lowe's Companies, Inc.	Lowe's Companies, Inc.	Sell	-1,719	-0.1%	$120.35K	1,588,741
Q1 2016	MMC Marsh & McLennan Companies, Inc	Marsh & McLennan Companies, Inc	Sell	-375,370	-13.3%	$148.55K	2,443,608
Q1 2016	MRK Merck & Company, Inc.	Merck & Company, Inc.	Buy	+275,814	+8.1%	$195.38K	3,692,775
Q1 2016	MSFT Microsoft Corporation	Microsoft Corporation	Sell	-8,613	-0.3%	$180.91K	3,275,659
Q1 2016	ORCL Oracle Corporation	Oracle Corporation	Sell	-94,611	-2.0%	$192.35K	4,701,723
Q1 2016	PFE Pfizer, Inc.	Pfizer, Inc.	Buy - Position Entry	+4,282,995	-	$126.95K	4,282,995
Q1 2016	PG Procter & Gamble Company (The)	Procter & Gamble Company (The)	Sell	-218,662	-11.4%	$139.88K	1,699,397
Q1 2016	SNY Sanofi	Sanofi	Sell - Position Exit	-3,569,654	-100.0%	$0.00	-
Q1 2016	TMO Thermo Fisher Scientific Inc	Thermo Fisher Scientific Inc	Sell	-384,381	-28.0%	$139.65K	986,303

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