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Harry Burn is an asset manager at Sound Shore. The fund has stock holdings in the amount of $1.9 billion under management. Within the second quarter of the year, Burn has increased 22 stock positions and initiated 1 new position. Owens-Illinois (NYSE:OI) and Citigroup (NYSE:C) are the buys with the biggest change to the portfolio. He sold out 4 companies and reduced 9 stock positions, of which Apollo Group (NASDAQ:APOL) was the position with the largest influence for the portfolio. Here are the biggest portfolio-weighted buys and sells:

Buys:

Owens-Illinois was initiated. Total change to portfolio: 2.62 percent.

Citigroup was increased by 25.05 percent. Total change to portfolio: 0.74 percent.

General Motors (NYSE:GM) was increased by 29.56 percent. Total change to portfolio: 0.73 percent.

Sells:

Apollo Group was totally sold out. Total change to portfolio: 2.38 percent.

Devon Energy Corporation (NYSE:DVN) was totally sold out. Total change to portfolio: 2.29 percent.

Bunge (NYSE:BG) was totally sold out. Total change to portfolio: 2.02 percent.

Harry Burn’s biggest sector allocations are in Financials (22.02 percent), Information Technology (15.12 percent) and Consumer Discretionary (11.69 percent).

Here are the biggest portfolio holdings as of Q2 2011, with fundamental details:

1. Citigroup is acting within the money center banks industry. The company has a market capitalization of $82.9 billion, generates revenues in an amount of $74.9 billion and a net income of $9.8 billion. Its following P/E ratio is 8.6 and forward price-to-earnings ratio is 5.7. Price/Sales is 1.1 and Price/Book ratio is 0.5. Dividend Yield: 0.1 percent. Years of Consecutive Dividend Increasing: 0 Years. 5-Year Dividend Growth: 0 percent. The company paid dividends since 1986, with the exception of 2010. Portfolio weighting: 3.70 percent.

2. Microsoft (NASDAQ:MSFT) is acting within the application software industry. The company has a market capitalization of $216.2 billion, generates revenues in the amount of $69.9 billion and has a net income of $23.2 billion. Its following P/E ratio is 9.6 and forward price-to-earnings ratio is 8.2. Price/Sales is 3.1 and Price/Book ratio is 3.8. Dividend Yield: 2.5 percent. Years of Consecutive Dividend Increasing: 5 Years. 5-Year Dividend Growth: 13.1 percent. The company has paid dividends since 2003. Portfolio weighting: 3.62 percent.

3. Exelon (NYSE:EXC) is acting within the diversified utilities industry. The company has a market capitalization of $28.2 billion, generates revenues in an amount of $19.4 billion and has a net income of $2.7 billion. Its following P/E ratio is 10.7 and forward price-to-earnings ratio is 14.1, Price/Sales ratio is 1.5 and Price/Book ratio 2.0. Dividend Yield: 4.9 percent. Years of Consecutive Dividend Increasing: 0 Years. 5-Year Dividend Growth: 5.7 percent. The company paid dividends since 1902. Portfolio weighting: 3.38 percent.

Take a closer look at Harry Burn’s full portfolio. He has 38 stocks with a total worth of $1.9 billion.

Disclosure: I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours.