Major institutional investor First Pacific Advisors sold its entire position in Dell Technologies (DELL) during the second quarter of 2026, according to a recent regulatory filing. The firm disposed of all 382,990 shares it held, with the stake valued at approximately $62.86 million as of the end of the first quarter.
This disclosure comes from a mandatory quarterly 13F filing with the SEC, which reveals positions held as of June 30, 2026. These filings are delayed, so the trades occurred at some point during the April to June period. The exit comes at a time when Dell has seen significant demand for its AI server infrastructure.