Insider Whales: Dart Piles Into Evolution

A secretive billionaire has made one of the year's biggest insider purchases. Kenneth Dart, listed as a main shareholder in EVO, bought nearly $570M worth of shares in Evolution AB on July 21. He followed that with a further $147M buy three days later. Both trades were only disclosed on August 26. Combined, Dart added more than $715M worth of the Swedish gaming giant in under a week — a striking vote of confidence in a stock that has faced regulatory headwinds.

Also in Sweden, activist fund Cevian Capital filed a $35M purchase in ESSITY B, the hygiene products group, with the trade dated July 13 but disclosed in late August. Cevian is known for pushing operational change. The disclosure puts Essity firmly in activists' sights.

In Vietnam, the chairman and deputy chairman of Phu Nhuan Jewelry are moving in opposite directions. Chairman Cao Thi Ngoc Dung filed a $27M sale on September 4. On the same day, Deputy Chairman Tran Phuong Ngoc Thao bought $11M of stock. The split signals internal disagreement on the outlook.

Elsewhere, a Chinese tech sell-off stands out. Hithink RoyalFlush's CTO sold $40M in shares on August 26, filed the following day, with another C-level officer selling $37M on the same date. Two senior insiders exiting together is worth watching.