A hedge fund, a rocket backer, and a space billionaire all filed major sell-offs in recent weeks. The numbers are hard to ignore.
Pentwater Capital Management dumped over $1.1 billion worth of CAR (Avis Budget Group) shares across multiple filings. Trades executed April 22–23 were reported on April 28. The hedge fund, a 10% owner, offloaded shares in at least five separate tranches — the largest single block topping $240 million.
At RDW (Redwire Corporation), private equity firm AE Industrial Partners has been steadily exiting. Filings show it sold over $315 million in shares through mid-to-late April. The sell-down started April 8 and continued almost daily through April 22.
ASTS (AST SpaceMobile) saw Rakuten founder Hiroshi Mikitani file two back-to-back sales totalling $271 million. Trades on April 14 and 15 were reported on April 16. Mikitani holds a 10% stake via Rakuten.
On the energy side, KTR Management filed a $141.5 million sale in SEI (Solaris Energy Infrastructure) on May 4. The trade was executed April 30 — a swift two-business-day turnaround to disclosure.
Selling dominated across the board. No significant C-level purchases were filed in the same window.
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