Edited by Peter Hillerberg1 min readStories are generated from ORTEX data and reviewed by the ORTEX team. How we publish
Activist fund Corvex Management has been walking away from ILMN. Between August 19 and September 4, Corvex filed 40 separate sell transactions totalling $203M in Illumina stock. The filings became public on September 4. Corvex holds a board seat at the genomics firm. That combination of scale and boardroom access makes the exit hard to ignore.
Across the Atlantic, billionaire Carlos Slim has been quietly reducing his stake in PBF Energy. Filings disclosed on September 4 show Slim sold $93M across 16 transactions between late July and early September. PBF is a US refiner whose margins track closely with crude spreads. Slim's position has been a long-running bet on cheap-crude-to-product margins.
On the buy side, UBER President and COO Andrew MacDonald put $5.3M of his own money into Uber shares on September 4. Two open-market purchases at around $75.65 per share were filed on September 8. Discretionary buying at this level from a COO carries more weight than a routine award or option exercise.
The vendor data covers non-US markets. The freshest US filings from SEC EDGAR sit outside the current data window, so the trades above reflect filings reported through early September rather than the past week.
ORTEX Market Intelligence content is generated by AI from a snapshot of ORTEX's proprietary data and reviewed by the ORTEX team. Content is informational only and does not constitute investment advice.
