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Livermore
Livermore
ZHEN

Sound Shore Management Inc

SEC CIK
0000820124
Latest filing
Aug 12, 2026

The latest 13F from Sound Shore Management Inc covers Q2 2026 (filed Aug 12, 2026): 40 long positions worth $3.25B. The top 10 holdings make up 32.4% of the portfolio, and the largest is Teva Pharmaceutical Industries Ltd (TEVA) at 4.0%. Livermore has 22 filings on Form 13F from this institution, going back to Q1 2021.

What changed in Q2 2026

Share counts compared with Q1 2026: how many positions were new, added to, reduced or sold out, and the biggest buys and sells. Dollar amounts are estimated at the quarter-end prices implied by the filing.

Full comparison
New
7
Est. +$579.5M
Added
15
Est. +$204.7M
Reduced
18
Est. −$168.7M
Sold out
7
Est. −$527.2M

Top 5 holdings

Share of this quarter's portfolio value

  1. TEVATeva Pharmaceutical Industries Ltd
    4.0%$128.9MHistory
  2. LUVSouthwest Airlines Co
    3.9%$125.5MHistory
  3. BACBank of America Corp
    3.6%$116.1MHistory
  4. AALAmerican Airlines Group Inc.
    3.3%$107.6MHistory
  5. BRK.BBerkshire Hathaway Inc
    3.1%$102.0MHistory

Share of portfolio

Top 5 holdings and the other 35 positions, by share of portfolio value

  1. TEVA4.0%
  2. LUV3.9%
  3. BAC3.6%
  4. AAL3.3%
  5. BRK.B3.1%
  6. Other 35 positions82.1%

Biggest buys

New and added positions, by estimated amount bought

  1. AALAmerican Airlines Group Inc.
    +$107.6MNewHistory
  2. ELVElevance Health, Inc.
    +$94.2MNewHistory
  3. TELTE Connectivity plc
    +$90.2MNewHistory
  4. TMOThermo Fisher Scientific Inc.
    +$82.9MNewHistory
  5. NFGNational Fuel Gas Co
    +$69.7MNewHistory

Largest weight increases

New and added positions, by percentage points of the portfolio gained

  1. AALAmerican Airlines Group Inc.
    +3.31 pp0.0% → 3.3%History
  2. ELVElevance Health, Inc.
    +2.90 pp0.0% → 2.9%History
  3. TELTE Connectivity plc
    +2.78 pp0.0% → 2.8%History
  4. TMOThermo Fisher Scientific Inc.
    +2.55 pp0.0% → 2.6%History
  5. NFGNational Fuel Gas Co
    +2.15 pp0.0% → 2.1%History

Biggest sells

Reduced and sold-out positions, by estimated amount sold

  1. MRVLMarvell Technology, Inc.
    −$113.8MSold outHistory
  2. CTRACoterra Energy Inc.
    −$74.8MSold outHistory
  3. CHKPCheck Point Software Technologies Ltd
    −$74.1MSold outHistory
  4. ACIAlbertsons Companies, Inc.
    −$70.4MSold outHistory
  5. ICLRIcon PLC
    −$69.4MSold outHistory

Largest weight decreases

Reduced and sold-out positions, by percentage points of the portfolio lost

  1. MRVLMarvell Technology, Inc.
    −3.81 pp3.8% → 0.0%History
  2. CTRACoterra Energy Inc.
    −2.51 pp2.5% → 0.0%History
  3. CHKPCheck Point Software Technologies Ltd
    −2.48 pp2.5% → 0.0%History
  4. ACIAlbertsons Companies, Inc.
    −2.36 pp2.4% → 0.0%History
  5. ICLRIcon PLC
    −2.32 pp2.3% → 0.0%History

Metrics

13F metrics for Q2 2026, computed only from the numbers in the filings. Definitions below.

Portfolio value
$3.25B
+$263.7M (+8.8%) vs. prior quarter
Positions
40
0 vs. prior quarter
Top 10 concentration
32.4%
Top 10 as share of value
Turnover
22.3%
Q2 2026, one quarter
Average holding period
5.5 quarters
Weighted by value

How these are calculated

  • Portfolio value: the market value of all long positions in the 13F, as reported at quarter end, excluding options.
  • Top 10 concentration: the combined value of the 10 largest positions as a share of portfolio value.
  • Turnover: the smaller of this quarter's estimated purchases and estimated sales, divided by the average of this and last quarter's portfolio value. Estimates multiply the change in shares by the quarter-end price implied by the filing (market value divided by shares); new positions use this quarter's value and sold-out positions last quarter's. Only positions reported in shares count, and it is not calculated when the previous quarter was not filed.
  • Average holding period: how many consecutive quarters each current position has been held (including this one; a quarter without the position or without a filing starts the count over), weighted by this quarter's value. Counting starts with the first 13F in Livermore (Q1 2021), so positions held before then are understated.

13F filings by quarter

22 quarters, going back to Q1 2021. Bars show each quarter's 13F portfolio value; quarters without a filing are left blank.

Peak $3.60B (Q4 2021)

Q1 2021: $3.42BQ2 2021: $3.59BQ3 2021: $3.54BQ4 2021: $3.60BQ1 2022: $3.44BQ2 2022: $2.73BQ3 2022: $2.47BQ4 2022: $2.66BQ1 2023: $2.66BQ2 2023: $2.71BQ3 2023: $2.61BQ4 2023: $2.88BQ1 2024: $3.20BQ2 2024: $3.00BQ3 2024: $3.07BQ4 2024: $3.03BQ1 2025: $2.85BQ2 2025: $2.93BQ3 2025: $3.03BQ4 2025: $3.14BQ1 2026: $2.98BQ2 2026: $3.25B
Q1 2021Q2 2026
13F filings of Sound Shore Management Inc by quarter
QuarterFiledPositionsValueTop 3 holdingsChangesFiling
Q2 2026Aug 12, 202640$3.25BTEVALUVBACvs. Q1 2026SEC
Q1 2026May 7, 202640$2.98BTEVAREGNMRVLvs. Q4 2025SEC
Q4 2025Feb 10, 202637$3.14BREGNTEVAGOOGLvs. Q3 2025SEC
Q3 2025Nov 6, 202538$3.03BTEVACCTRAvs. Q2 2025SEC
Q2 2025Aug 6, 202536$2.93BCCOFCTRAvs. Q1 2025SEC
Q1 2025May 6, 202537$2.85BCTRACOFFISvs. Q4 2024SEC
Q4 2024Feb 11, 202540$3.03BCOFWFCTEVAvs. Q3 2024SEC
Q3 2024Nov 12, 202440$3.07BCOFTEVAWFCvs. Q2 2024SEC
Q2 2024Aug 13, 202439$3.00BTEVAFISCOFvs. Q1 2024SEC
Q1 2024May 10, 202438$3.20BPVHWFCFLEXvs. Q4 2023SEC
Q4 2023Feb 7, 202436$2.88BPVHFLEXCOFvs. Q3 2023SEC
Q3 2023Nov 6, 202338$2.61BTTEFLEXVSTvs. Q2 2023SEC
Q2 2023Aug 9, 202337$2.71BFLEXVSTNXPIvs. Q1 2023SEC
Q1 2023May 5, 202335$2.66BFLEXORCLVSTvs. Q4 2022SEC
Q4 2022Feb 6, 202335$2.66BVSTFLEXPVHvs. Q3 2022SEC
Q3 2022Nov 4, 202235$2.47BVSTWFCPRGOvs. Q2 2022SEC
Q2 2022Aug 5, 202236$2.73BVSTPRGOWFCvs. Q1 2022SEC
Q1 2022May 6, 202235$3.44BFLEXPRGOVSTvs. Q4 2021SEC
Q4 2021Feb 4, 202235$3.60BVSTFLEXCIvs. Q3 2021SEC
Q3 2021Nov 4, 202136$3.54BFLEXPRGOWFCvs. Q2 2021SEC
Q2 2021Aug 5, 202139$3.59BFLEXPRGOVSTvs. Q1 2021SEC
Q1 2021May 7, 202138$3.42BCIBRK.BBAC–SEC