Mackenzie Financial 13F: Adds $48M to DELL Stake
Mackenzie Financial grew its position in Dell Technologies Inc. by 54.0% during the period, bringing its total holding to 323,477 shares.
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Mackenzie Financial added 113,425 shares to its stake in Dell Technologies Inc. ($DELL), a 54% increase, according to a 13F filing with the SEC dated May 13, 2026. It reported 323,477 shares worth $136.73 million at the end of the quarter.
Since the filing, $DELL is down 0.4% after 1 week, up 62.2% after 1 month and up 85.5% to date (from the $243.47 close on May 13, 2026).
Find the original: Mackenzie Financial 13F filings on SEC EDGAR
DELL
Dell Technologies Inc.
Key Points
- Mackenzie Financial lifted its stake in Dell Technologies Inc. by 54.0%, acquiring an additional 113,425 shares to end the period with 323,477 shares valued at about $136.7 million.
- Dell Technologies Inc. shares trade near the middle of their 52-week range, backed by a forward P/E ratio of 15.8 and annual revenue exceeding $151.1 billion.
- Company insiders have been active around the stock, including a purchase of 12,022 shares by Radakovich Lynn Vojvodich on June 22, 2026.
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Mackenzie Financial Raises Stake in Dell Technologies Inc.
Mackenzie Financial increased its holdings in Dell Technologies Inc. (NYSE: DELL) during the period, according to a Form 13F filing with the U.S. Securities and Exchange Commission. The fund raised its position by 53.9%, adding 113,425 shares to bring its total ownership to 323,477 shares. That investment carried a reported value of $136,728,874.95 at the close of the reporting window. Because 13F filings look backward at past quarters, this snapshot reflects holdings as of May 13, 2026, and may not match the fund's current position today.
Mackenzie Financial vs. the S&P 500
Hypothetical returns from Mackenzie Financial's disclosed trades, not real profit or advice. How we model this.
Dell Technologies Stock and Market Standing
Dell shares have experienced broad swings, trading between a 52-week low of $110.22 and a peak of $595.51. The hardware maker carries a forward P/E ratio of 15.8 based on upcoming earnings estimates. Trading volumes and price action place the stock well above its long-term moving averages, reflecting strong interest from institutional portfolios across the technology sector.
Recent Earnings Performance
For its most recent financial year, the company generated $151,197,007,872 in total revenue alongside a revenue growth rate of 57.7%. Profitability metrics show a net margin of 7.5% and earnings per share of $17.20. The firm's next scheduled earnings report is expected around November 27, 2026, providing the market with its next major update on server and hardware demand.
Earnings drift grade
Outlook vs expectations on the last report — not price action.
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Forward outlook
12 analysts raised price targets.
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EPS & revenue
EPS beat estimates by 62.1%. Revenue beat estimates by 21.3%.
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Profit surprise
EBITDA beat by 10 percent. Operating income beat by 32 percent.
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Pre-earnings setup
Bar was high, analysts already very bullish.
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Analyst signal
2 upgrades, 12 target raises.
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Earnings quality
Gross margin down 3.4 points. Operating margin up 3.4 points. Positive free cash flow.
Earnings Call Summary
Dell had a strong quarter with record revenue of twenty nine point eight billion dollars, up nineteen percent, driven by exceptional AI server demand. They shipped eight point two billion dollars in AI servers and have an eleven point seven billion dollar backlog. Management expects margins to improve in the second half as the AI business scales and traditional server and storage mix improves, while operating expenses continue declining.
Guidance Dell raised full year revenue guidance to one hundred seven billion dollars, up twelve percent. They now expect AI server shipments of twenty billion dollars for the year, up five billion from prior guidance. Third quarter revenue should reach twenty seven billion dollars, up eleven percent. They expect full year earnings per share of nine dollars and fifty five cents, up seventeen percent.
Clearly positive report. Results were better than expected, though the forward reset is not the strongest.
Insider Buying and Selling at Dell Technologies Inc.
Company insiders have transacted in the shares across multiple dates. On June 22, 2026, Radakovich Lynn Vojvodich acquired 12,022 shares at an average price of $31.14 per share for a total value of $374,365.08. Earlier in the month on June 16, 2026, Chief Marketing Officer Jane Tunnell disposed of 519 shares. Additional transactions on June 12, 2026, included sales by Silver Lake Partners IV, L.P. Sl Spv-2, and David Dorman, while Silver Lake Partners IV also picked up 82,191 shares on June 11, 2026.
Wall Street Analyst Coverage
Wall Street firms continue to update their views on the hardware manufacturer. On October 14, 2026, Barclays downgraded the stock to an Equal-Weight rating with a $574.00 price target. Earlier in the autumn, Mizuho maintained an Outperform rating with a target of $650.00 on October 6, 2026, while TD Cowen kept a Hold rating with a $550.00 target on September 29, 2026. Across 25 analyst opinions, the stock holds a consensus Buy recommendation with a mean target price of $593.00.
Inside Dell Technologies' Operations
Headquartered in Round Rock, Texas, Dell Technologies designs and builds hardware solutions, servers, storage systems, and client devices like notebooks and workstations. The company operates through infrastructure and client solutions groups, supplying enterprise customers, government agencies, and individual consumers with modern computing infrastructure and cloud-ready hardware.
What to Watch at Dell Technologies Inc.
Investors tracking Mackenzie Financial will need to wait for subsequent quarterly disclosures to see if the fund continues adding to its technology holdings. Meanwhile, market participants can look toward the upcoming November earnings release for fresh details on server demand and profit margins.
Related Filing Alerts
Source: Mackenzie Financial's 13F filing on $DELL (May 13, 2026). 13F filings show holdings as of the end of the reporting quarter and may not reflect the fund's current position. Find the original filing: Mackenzie Financial 13F filings on SEC EDGAR. Written by software, not financial advice. How we make alerts