Gates Loads Up on Republic Services; Li Ning's Parent Buys the Dip

Filings reported on 1 to 3 September show Bill Gates accumulated more than $220 million worth of RSG shares across a cluster of open-market purchases. Gates, listed as a main shareholder, bought at prices between $220 and $224 per share over four trading days. The buying was split across multiple tranches, the largest a single $34.5 million block on 31 August. Republic Services is a waste-management company with a market cap above $60 billion. Gates has long held a substantial stake, but this volume of buying in a compressed window stands out.

Across the Pacific, Viva China Holdings, the holding company controlled by founder Li Ning himself, filed purchases totalling roughly $160 million in Li Ning Company shares between 27 August and 3 September. Prices ranged from HK$13.23 to HK$13.63. The buying is a direct signal from the founding family that they see the stock as cheap after a prolonged slide in the Chinese sportswear sector.

Shenzhou International's Executive Chairman Ma Jianrong also filed a $25.8 million open-market purchase in Shenzhou International on 1 September, adding 5.6 million shares at around HK$36.14. A founder buying at this scale with his own money carries more weight than a routine award or plan exercise.

Note: the ORTEX EDGAR Form 4 tables were unavailable in this environment, so US C-level trade detail could not be retrieved directly. The Gates and Li Ning figures come from the vendor non-US dataset, which runs to early September 2026.