Overview
Insider buying was concentrated in utilities, retail, and automotive sectors, while selling activity was notable in technology and industrials.
High Signal
UBER — See Remarks (Macdonald Andrew) bought $5.31M (first recorded purchase). Dip Buy: the stock was down meaningfully in the previous period. The purchase increased holdings by 19%.
GOLD — S.I.C.A.F., S.A. Tether Global Investments Fund purchased $3.93M (first recorded purchase) (indirect — See Footnote). The purchase increased holdings by 50%.
Notable Buys
RSG — L.l.c. Cascade Investment purchased $156.1M (largest purchase of RSG).
- This series of purchases was made across 4 filings between 2026-09-03 and 2026-09-04. Cascade Investment has a long history with RSG, and this is their largest buy to date. The Utilities sector saw significant insider accumulation.
- This series of purchases was made across 4 filings between 2026-09-03 and 2026-09-04. Cascade Investment has a long history with RSG, and this is their largest buy to date. The Utilities sector saw significant insider accumulation.
GPI — L.L.C. Conifer Management purchased $25.2M (largest purchase of GPI) (indirect — See footnote).
- Multiple purchases across 5 filings between 2026-09-03 and 2026-09-04. This is the largest buy by this filer in GPI, with a steady pattern of accumulation in the Consumer Discretionary sector.
- Multiple purchases across 5 filings between 2026-09-03 and 2026-09-04. This is the largest buy by this filer in GPI, with a steady pattern of accumulation in the Consumer Discretionary sector.
QVCG — Asset Management Lp Goldentree purchased $11.84M (first purchase of QVCG) (indirect — See footnotes).
- This is the first reported buy by this asset manager in QVCG, with an 8% increase in holdings. The Retail Trade sector saw notable activity.
- This is the first reported buy by this asset manager in QVCG, with an 8% increase in holdings. The Retail Trade sector saw notable activity.
Notable Sells
NVDA — Mark A Stevens sold $234.7M (largest sale of NVDA) (indirect — By Trust).
- Multiple large sales across 5 filings between 2026-09-03 and 2026-09-04. This is the largest sale by this filer in NVDA, with a reduction of holdings by 35%. The Information Technology sector saw heavy selling.
- Multiple large sales across 5 filings between 2026-09-03 and 2026-09-04. This is the largest sale by this filer in NVDA, with a reduction of holdings by 35%. The Information Technology sector saw heavy selling.
DELL — L.P. Silver Lake Partners IV sold $13.95M (largest sale of DELL) (indirect — Held through Silver Lake Partners IV, L.P.). L.p. Sl Spv-2 sold $9.87M (largest sale of DELL) (indirect — Held through SL SPV-2, L.P.).
- Multiple Silver Lake entities sold shares across several filings on 2026-09-03, with both entities reducing their positions by over 5%. Technology Hardware saw significant insider selling.
- Multiple Silver Lake entities sold shares across several filings on 2026-09-03, with both entities reducing their positions by over 5%. Technology Hardware saw significant insider selling.
ESTC — Chief Technology Officer (Banon Shay) sold $25.3M (largest sale of ESTC).
- Multiple sales across 5 filings between 2026-09-03 and 2026-09-04. This is the largest sale by this officer in ESTC, with a cumulative reduction of 7% in holdings. The Software industry saw continued insider selling.
- Multiple sales across 5 filings between 2026-09-03 and 2026-09-04. This is the largest sale by this officer in ESTC, with a cumulative reduction of 7% in holdings. The Software industry saw continued insider selling.
AGNT — Gratitude 2022 Trust U/A/D 8/26/22 sold $31.99M (first recorded sale).
- A single large direct sale, reducing holdings by 33%.
- A single large direct sale, reducing holdings by 33%.
PAMT — Matthew T Moroun sold $31.23M (first recorded sale).
- A single direct sale, representing a 100% reduction in holdings.
- A single direct sale, representing a 100% reduction in holdings.
Patterns
- Utilities and Consumer Discretionary sectors saw the largest insider buys, with Cascade Investment and Conifer Management leading.
- Technology sector insiders, especially in semiconductors and software, executed the largest sales, with NVDA and ESTC seeing multi-day, multi-million dollar reductions.
- Several large transactions were made through indirect or trust structures, especially among sellers.
Close
Top buy tickers by $ value: RSG $156.1M, GPI $25.2M, QVCG $11.8M.
Top sell tickers by $ value: NVDA $234.7M, AGNT $32.0M, PAMT $31.2M.
EARNINGS AHEAD
DELL — estimated report ~Sep 11 (quarterly)