Pertento Partners reduced its Silicon Motion stake by 738,875 shares in Q1, trimming holdings despite strong stock performance.
Pertento Partners sold 738,875 shares of Silicon Motion Technology (SIMO) in the first quarter, valued at $89.68 million based on average pricing. The move follows a 325% surge in SIMO shares over the past year, outpacing the S&P 500’s 28% gain.
The fund’s remaining SIMO position was worth $46.32 million at quarter-end, down from a higher valuation earlier in the period. The sale reduced its total position by $60.41 million, according to an SEC filing dated May 14, 2026.
Post-filing, Pertento’s top holdings included USFD ($170.91 million), IESC ($110.18 million), and PRMB ($99.80 million). SIMO shares closed at $276.14 on Friday, reflecting its strong performance in the semiconductor sector.