Bill Gates filed disclosures this week showing he bought over $200 million of RSG stock across five days. The trades ran from August 20 to 25. Gates paid between $220 and $224 per share for Republic Services, the waste management giant.
The purchases spanned multiple separate filings, all reported to regulators between August 24 and 26. No selling accompanied the buying. That kind of sustained accumulation at consistent prices is a strong signal of deliberate conviction.
Across the Atlantic, a mystery buyer snapped up $715 million of EVO shares. Kenneth Bryan Dart — a famously reclusive billionaire — filed purchases of Evolution AB totalling over 10 million shares. The filings landed August 26, covering trades made in late July.
On the sell side, C-suite executives cashed out heavily. CPAY Chairman and CEO Ron Clarke sold $20.8 million in shares on August 25. FIX CEO Brian Lane sold $25.8 million of Comfort Systems USA stock just a day earlier. TGT CEO Brian Cornell sold $8.2 million of Target shares on August 25.
THC Chairman and CEO Saum Sutaria filed two separate sales at Tenet Healthcare, totalling over $17 million. SCHW founder Charles Schwab sold $13.2 million of his own firm's shares.
The pattern is clear: institutional buyers are loading up while top executives trim holdings near recent highs.
ORTEX Market Intelligence content is generated by AI from a snapshot of ORTEX's proprietary data. Content is informational only and does not constitute investment advice.
