Sellers Dominate as Billionaires Cash Out

Insider filings this week reveal a clear trend: heavy selling at the top, with a few contrarian buyers making bold moves in beaten-down names.

Carlos Slim filed on July 22 to disclose he has sold over $130M worth of PBF Energy shares across 14 trades since late June. The Mexican billionaire unloaded more than 2.6 million shares at prices ranging from $54 to $64. PBF is a refinery operator under pressure from weak crack spreads.

Venture firm Bessemer Venture Partners has been exiting TTAN at pace. Filings show $117M in ServiceTitan shares sold across 15 trades since late June. The cloud software firm went public in late 2024. Bessemer is steadily reducing its position near the $80 mark.

On the buy side, a 10% owner filed to disclose $32M in purchases of AVO — Mission Produce — between July 6–9. GlobalHarvest Holdings snapped up nearly 2.5 million shares at around $13. The avocado distributor trades near multi-year lows.

PNFP Pinnacle Financial Partners founder Robert McCabe filed Friday. He bought $1M in shares at $99.90 each on July 24. CEO and founder purchases near round-number prices often signal personal conviction in the outlook.

VSXY Victoria's Secret saw Singapore-based BBRC International file a $25.7M sale on July 24. The investment firm has now sold over $50M worth of VSXY stock in roughly a month.

This is not financial advice.