Billionaire Dumps $108M in Energy Stock

Carlos Slim, one of the world's richest men, has been relentlessly selling PBF Energy shares. Filings show he offloaded over $108M worth of stock across July and early August. The latest batch — filed August 3 — covered trades made on July 30 at prices between $67 and $74 per share.

The selling has been persistent. Slim filed sales on July 8, 9, 10, 20, and 30. Each tranche ran from roughly $5M to $20M. The pace suggests a deliberate exit, not a one-off trim.

Meanwhile, Life Time Group Holdings CEO Bahram Akradi filed a $19.5M sale on August 4. He sold 433,307 shares of LTH at around $45 each on July 31. That's a notable move for a founder-CEO who typically signals long-term confidence through ownership.

In retail, an investment firm holding 10% of VSXY — Victoria's Secret — filed sales totalling nearly $97M between late July and August. Shares were sold at roughly $89 each.

On the buying side, NORION Bank Chairman Erik Selin filed a $1.2M purchase of 186,853 shares on August 5. The trade date was August 3. That's a rare vote of confidence from a board chair.

The overall tone from recent filings skews bearish. Major shareholders are reducing exposure across energy, fitness, and retail.