Gates Piles Into Waste Giant; NVIDIA Director Dumps $411M

Bill Gates filed disclosures in late August showing he bought nearly $664 million worth of RSG shares between 18 August and 2 September. Across 46 separate transactions, the Gates family office added almost 3 million shares in Republic Services at prices around $220 to $224. The waste management firm carries short interest of just 1.4% of free float, suggesting the market has little appetite to bet against it.

The buying pattern is methodical and sustained. That kind of repeated open-market accumulation from a single large holder is a strong signal of conviction in the stock.

Across the Atlantic, Swedish live-casino operator Evolution AB attracted a large buyer of its own. Kenneth Bryan Dart, the company's main shareholder, filed in late August disclosing purchases of around 10 million shares across two July trading sessions. The total outlay was approximately $716 million. Evolution has short interest of 8.5% of free float, and the cost to borrow sits below 1%, so bears remain active but not under heavy pressure.

On the sell side, NVIDIA independent director Mark Stevens filed disclosures showing he sold around 1.85 million shares between 31 August and 2 September, raising roughly $411 million. Those sales came in multiple tranches, often on the same day. The NVIDIA news landed against a volatile backdrop for chip stocks: a recent market note flagged the Nasdaq 100 posting its worst single session since 2020, with names including NVDA, AMZN and GOOGL all caught in the selloff.

Stevens held the director role for years and the rapid-fire tranche selling raises questions, though without confirmation of a 10b5-1 pre-planned schedule the signal remains ambiguous.