The Sound Shore Fund Q3 2026 Letter To Shareholders (SSHFX)
Equity markets showed endurance during the third quarter of 2026, as the market-capitalization-weighted S&P 500 climbed 2.3%. This growth occurred despite significant macroeconomic obstacles, including climbing interest rates, increased oil costs, and a climate of geopolitical instability. While the market was buoyed by robust economic foundations and consistent corporate earnings, much of the momentum remained concentrated in artificial intelligence and mega-cap technology firms. This narrow leadership resulted in a 2% decline for the Equal Weight S&P 500 and a more substantial 7% drop for the Russell 2000 Index during the same three-month period.
Concentration in the Russell Value Index
The Russell 1000 Value
Source: seekingalpha.com · 2026-11-05