In a significant portfolio shift, Sound Shore, managed by co-founder Harry Burn, has divested its entire stake in semiconductor firm Marvell Technology (MRVL). According to its most recent 13F filing, the firm sold all 1.15 million shares, a position previously valued at approximately $113.77 million. The holding had represented a notable 3.81% of Sound Shore's reported portfolio, indicating a major strategic change from the value-oriented investment manager.
This disclosure, filed on August 12, 2026, reflects trading activity that occurred during the second quarter ending June 30. During that period, Sound Shore's commentary noted Marvell as one of its strongest contributors, benefiting from AI-related demand in data centers. The sale took place before Marvell's late August earnings report, where it beat expectations and raised its outlook, though the stock declined following the news.