Billionaire Bets Big on PBF Exit

Carlos Slim Hélu, the Mexican billionaire and one of the world's wealthiest individuals, has been quietly unloading his stake in PBF Energy. Filings published this week show he sold nearly 1.9 million shares for a combined $108.6 million between July 1 and July 30.

The trades were filed with regulators on August 3. Slim, listed as a 10% shareholder, executed the disposals across multiple sessions at prices ranging from roughly $69 to $74 per share.

Also filing this week, the CEO of STAN Standard Chartered, Bill Winters, disclosed a $8.96 million sale of 300,000 shares on August 4 at £22.21 each — a notable disposal by a sitting chief executive.

Meanwhile, the founder and CEO of fleet-tracking firm KARO Karooooo, Zak Calisto, filed two separate sales totalling roughly $2.96 million. The trades occurred on July 31 and August 3, just above $64.50 per share.

On the buying side, the board member of Greek retailer Jumbo (BELA) Sofia Vakaki picked up $2.4 million worth of shares on August 3 — a rare and notable vote of confidence from a director putting personal capital to work.

All trades carry a significance score of 3 or higher on the ORTEX scale, filtering out routine, low-impact disclosures.