Value investor Arnold Van Den Berg's Century Management reduced its stake in Dell Technologies by 20.4% during the second quarter of 2026, according to a recent, but delayed, 13F filing. The firm sold nearly 16,000 shares. Despite the reduction, the value of the remaining 62,290 shares more than doubled to $26.88 million. The position grew from 2.95% to 5.68% of the firm's portfolio, becoming its largest single holding. [6]
The transaction occurred during a period of massive appreciation for Dell's stock, which has climbed over 265% year-to-date on the back of soaring demand for its AI servers. [3, 5] For a value-focused investor like Van Den Berg, this move could represent strategic profit-taking in a holding that has grown significantly.