Insider filings over the past two weeks show a clear split. CEOs are buying. A major hedge fund is selling hard.
The biggest seller: Pentwater Capital Management. The 10% owner of CAR (Avis Budget Group) filed over $1.1 billion in combined sales on April 28. Trades were executed April 22–23. The exits span multiple tranches and signal a clean break from the position.
On the buy side, Bill Ackman put roughly $19M of his own money into PS (Pershing Square Inc.) at end of April. He filed three separate purchases, all at around the same price.
UPST founder and Chairman Dave Girouard filed a $5M purchase on May 8. The trade was made May 7. That's a significant personal bet on Upstart Holdings.
GEHC director H. Lawrence Culp Jr. bought $5M in GE HealthCare stock, also filed May 7.
Sportradar CEO Carsten Koerl filed three separate buys in SRAD totalling over across May 4–6. That's a cluster worth watching.
NSP CEO Paul Sarvadi bought nearly $2.9M in Insperity shares across two trades filed May 6. Executives buying their own stock after a pullback tends to draw attention.
The pattern: sellers are big institutional holders trimming exposure. Buyers are the founders and CEOs — people with the most to lose if they're wrong.
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.
