Bill Gates has been buying Republic Services stock on a massive scale. Filings published this week show he spent more than $808 million picking up roughly 3.7 million shares across 57 transactions between August 10 and August 31. The average price paid was around $219–$224 per share.
The purchases are consistent and tightly paced — multiple tranches filed on the same day across late August. There is no 10b5-1 disclosure flagged in the data, making this a notably strong signal. Gates now holds close to 0.37% of the waste-management giant, and the buying shows no signs of slowing.
RSG is a defensive play. It runs one of the largest US solid-waste networks. With bond yields rising and volatility creeping back into equities, the steady cash flows of the waste sector may be exactly what Gates is positioning for.
On the sell side, The Woodbridge Company — the Thomson Reuters family holding vehicle — offloaded around 1.5 million TRI shares for roughly $156 million between August 14 and August 26. The selling spanned multiple blocks across both US and Canadian listings.
Meanwhile, Lloyds Banking Group CFO William Chalmers filed a $12.8 million sale on August 27, dumping 8.4 million shares at £0.89 apiece. The UK bank has been under pressure from rising gilt yields and political turbulence in Westminster.
Also notable: argenx CMO Luc Truyen sold $1.8 million in stock on August 28. That is a smaller clip but rare executive-level selling at the immunology biotech, worth watching.
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.
