The Sound Shore Fund outperformed in the first quarter of 2024, with its Investor and Institutional classes gaining 17.05% and 17.10%, respectively. These gains were significantly higher than the 8.99% advance of the Russell 1000 Value Index. The Fund’s strong returns were driven by a diverse portfolio, including holdings like Fidelity National Information Services, Flex, General Motors, Organon, and PACCAR. The Fund’s managers attribute their success to their contrarian investment process, which focuses on the adaptability and sustainability of company business models.