Harry Burn - Sound Shore Q4/2011 Fund Investing Strategies By Dividend Yield – Stock Capital, Investment. Here is a current portfolio update of Harry Burn’s - Sound Shore - portfolio movements as of Q4/2011 (December 31, 2011). In total, he has 40 stocks with a total portfolio worth of USD 1,553,526,000.
Strategy:
Investments are based on fundamental and detailed research and analysis, with particular emphasis on stocks with low absolute and relative P/E ratios:
- From a starting universe of the 1,250 largest U.S. equities, we methodically identify the least expensive based upon absolute P/E and P/E versus a company’s historic norms.
- The opportunity set of approximately 250 are subjected to our “value check” process which confirms valuation attractiveness.
- We then conduct thorough fundamental research on the resulting list of 80-100 companies, which typically includes visits and conversations with company management, competitors, customers, analysts, etc.
- We develop our own earnings, cash flow, and balance sheet models and cross check our own normalized estimates with company management and also with Wall Street analysts.
- We prepare detailed valuation models to develop price objectives.
We sell a stock if the company fails to meet our fundamental performance objectives or when it reaches our price target.
Harry Burn’s - Sound Shore - positions as of Q4/2011 with actual share movements:
Sym - Stock | Portfolio Weight | Recent activity | Reported Price* |
SUN - Sunoco Inc. | 3.61 | Add 1.49% | $41.02 |
TWX - Time Warner Inc. | 3.6 | Reduce 5.82% | $36.14 |
CVS - CVS Caremark Corp. | 3.32 | Reduce 5.92% | $40.78 |
ABT - Abbott Labs | 3.27 | Reduce 4.86% | $56.23 |
V - Visa Inc. | 3.24 | Reduce 3.53% | $101.53 |
IVZ - Invesco Plc | 3.2 | Add 2.65% | $20.09 |
MSFT - Microsoft Corp. | 3.16 | Reduce 17.99% | $25.96 |
EXC - Exelon Corp. | 3.09 | 0 | $43.37 |
AES - AES Corp. | 3.06 | Reduce 3.27% | $11.84 |
PFE - Pfizer Inc. | 3.03 | Reduce 3.75% | $21.64 |
WMT - Wal-Mart Stores | 3 | 0 | $59.76 |
TXN - Texas Instruments | 3 | Reduce 6.16% | $29.11 |
STT - State Street Corp. | 2.98 | Add 23.82% | $40.31 |
LOW - Lowe's Cos. | 2.96 | Add 32.72% | $25.38 |
DVN - Devon Energy Corp. | 2.93 | Add 82.08% | $62.00 |
CMCSA - Comcast Corp. | 2.87 | Reduce 7.25% | $23.71 |
MMC - Marsh & McLennan | 2.82 | Reduce 3.09% | $31.62 |
LIFE - Life Technologies Corp. | 2.77 | Buy | $38.91 |
SNY - Sanofi Aventis | 2.72 | Add 2.46% | $36.54 |
PG - Procter & Gamble | 2.68 | Buy | $66.71 |
C - Citigroup Inc. | 2.65 | Reduce 9.62% | $26.31 |
WFT - Weatherford International Ltd. | 2.6 | Add 86.97% | $14.64 |
LUV - Southwest Airlines | 2.53 | Add 12.85% | $8.56 |
MET - MetLife Inc. | 2.52 | Add 5.58% | $31.18 |
NVS - Novartis AG | 2.51 | Add 16.28% | $57.17 |
GM - General Motors | 2.43 | Reduce 4.16% | $20.27 |
SCHW - Charles Schwab | 2.42 | Add 18.19% | $11.26 |
FLEX - Flextronics International Ltd. | 2.37 | Reduce 3.95% | $5.66 |
SYMC - Symantec Corp. | 2.3 | Reduce 6.07% | $15.65 |
AMAT - Applied Materials | 2.13 | Reduce 15.94% | $10.71 |
SYY - Sysco Corp. | 2.07 | Buy | $29.33 |
CS - Credit Suisse Group | 2.01 | Add 2.82% | $23.48 |
BAC - Bank of America Corp. | 1.9 | Reduce 4.95% | $5.56 |
DAL - Delta Air Lines Inc. | 1.89 | Reduce 5.39% | $8.09 |
OI - Owens-Illinois Inc. | 1.85 | Reduce 17.97% | $19.38 |
CTAS - Cintas Corp. | 1.16 | Buy | $34.81 |
PEG - Public Serv. Enterprise Inc. | 1.05 | Reduce 49.61% | $33.01 |
LYB - LyondellBasell Industries | 1.01 | Reduce 63.49% | $32.49 |
ABX - Barrick Gold Corp. | 0.94 | Buy | $45.25 |
UNH - United Health Group Inc. | 0.38 | Buy | $50.68 |
Related Stock Ticker:
MSFT, TWX, ABT, EXC, TXN, CVS, C, V, CMCSA, SUN, AES, WMT, PFE, SYMC, GM, FLEX, AMAT, MMC, IVZ, SNY, BAC, CS, MET, LUV, NVS, EG, LYB, SCHW, STT, DAL, OI, LOW, DVN, WFT, LIFE, PG, SYY, CTAS, ABX, UNH
