Hedge fund Pentwater Capital filed last week that it dumped over $1 billion in Avis Budget Group shares. The sales took place between April 22–23, with individual transactions ranging from $50M to $241M. The flurry of filings hit on April 28. Pentwater's stake has visibly shrunk — a rare, concentrated exit from a single name.
On the buy side, Bill Ackman filed on May 4 that he bought $15.7M of his own firm Pershing Square stock on April 30, paying around $23.88 per share. CEOs buying their own company's shares at scale signals confidence. Ackman's move stands out as a direct personal bet.
Space tech name AST SpaceMobile saw a large holder, Hiroshi Mikitani, file $270M in sales across two trades in April. The filings landed on April 16, covering trades on April 14–15.
Solaris Energy Infrastructure also drew attention. Its 10% owner KTR Management filed a $141.5M sale on May 4, offloading 2 million shares at $70.75. Meanwhile, Redwire Corporation saw AE Industrial Partners file a exit — 21.4M shares at $10.85 — on April 24.
The dominant theme: large holders selling at pace, while Ackman's self-directed buy stands as a notable counter-signal.
ORTEX Market Intelligence content is generated by AI from a snapshot of ORTEX's proprietary data. Content is informational only and does not constitute investment advice.
