Major value investor Sound Shore, managed by co-founder Harry Burn, has fully exited its position in Coterra Energy (CTRA). The firm sold its remaining 2.13 million shares, which were valued at approximately $74.81 million and had previously accounted for over 2.5% of the investment manager's reported portfolio.
This transaction occurred during the second quarter of 2026, as disclosed in a delayed 13F filing on August 12. The filing does not specify the motive for the sale, which follows a 35% reduction in Sound Shore's Coterra stake during the first quarter. The sale took place as Coterra was finalizing its significant merger with Devon Energy, which was announced in February 2026. [5, 4]