Insiders Cash Out as VC and Billionaires Dump

Two notable selling streaks filed this week signal caution at the top of the market.

Bessemer Venture Partners filed paperwork showing it sold over $117 million worth of TTAN shares. The VC firm offloaded 1.5 million ServiceTitan shares between late June and July 17. Filings landed as recently as July 20. The sales averaged around $76–$80 per share. Bessemer holds a board seat at the field-service software company, which went public in late 2024. That makes the continued selling streak notable.

At PBF, billionaire Carlos Slim disclosed dumping nearly $130 million in shares since late June. His latest filings, reported July 22, show he sold 320,000 PBF Energy shares over July 10–20 alone. Slim is a 10% shareholder in the oil refiner. The sales come as refining margins remain under pressure.

On the buy side, SAND saw Swedish investment giant Lundbergföretagen snap up $35 million worth of Sandvik shares on July 20. The filing arrived the same day as the trade. Fast, decisive buying from a long-term institutional shareholder is often a bullish signal.

AVGO CLO Mark Brazeal filed a $10 million sale of Broadcom stock on July 14. He sold 25,000 shares at $401 each — a clean single-block transaction.