Overview
The October 5 filings show $252.6M of reported purchases by 35 distinct buyers across 29 companies, and $894.2M of reported sales by 217 distinct sellers across 140 companies. Transaction dates can precede the filing date. Berkshire Hathaway's Lennar purchases and IPO-related selling at Accelevation account for much of the highlighted activity.
High Signal
LEN — Berkshire Hathaway Inc. reported $192.63M of Lennar purchases across 15 transaction entries dated October 1 and 2. The purchases span Class A and Class B shares held through Berkshire subsidiaries. The largest reported entry was $67.45M. Warren Buffett is listed as a beneficial owner through his controlling interest in Berkshire; these are holdings of the subsidiaries.
BPRE — Ramin Kamfar reported $3.41M of Bluerock Private Real Estate Fund purchases across three entries dated October 1, 2 and 5, through an entity he controls. Ryan S. MacDonald separately purchased $85.09K, bringing the highlighted purchases to $3.49M.
Notable Buys
OM — Braden Michael Leonard reported $870.26K of Outset Medical purchases in two entries dated October 1 and 2. The shares are held by BML Investment Partners, L.P., over which he exercises investment and voting control. Reported average purchase prices were $3.53 and $3.8758 per share.
MXF — Saba Capital Management reported $389.47K of Mexico Fund purchases in two entries dated October 1 and 2, at reported prices of $20.00 and $19.74 per share.
Notable Sells
ACCV — OGP VIII, LLC reported $360M of Accelevation Holdings shares sold in its initial public offering at $18 per share. The underlying sellers were Accelevation Cash Pubco Holdings LP and Investment Holdings. Separately, Ginger M. Jones purchased $180K, Paul D. Donahue $126K, Howard C. Heckes $90K, and COO Brent C. Jewell $45K through the IPO's directed share program. The four purchases total $441K and should be read in the context of the offering.
TH — TDR Capital II Investments LP reported $202.4M of Target Hospitality sales through MFA Global and Arrow Holdings. The footnotes identify an open-market sale of 11 million shares on October 1 at $18.40 per share. The reported holding reduction was approximately 40%.
PBF — Control Empresarial de Capitales S.A. de C.V. sold $8.2M of PBF Energy shares on October 1: 100,000 shares at $82.00, reducing its reported holding by less than 1%.
HSY — Hershey Trust Company, as trustee for Milton Hershey School, reported $3.19M of Hershey sales in eight selected entries dated October 1 and 2. The entries carry a Rule 10b5-1 plan flag. Reported weighted-average prices range from $156.71 to $160.3344 per share.
GLBE — Global-E Online CEO Amir Schlachet reported $978.43K of sales and President Nir Debbi reported $585.89K, for a combined $1.56M on October 1 and 2. These entries also carry a Rule 10b5-1 plan flag.
Patterns
- Berkshire's Lennar purchases dominate the highlighted buying by dollar value.
- Accelevation's IPO-related $360M sale and Target Hospitality's $202.4M sale dominate the highlighted selling.
- IPO purchases and sales appear together at Accelevation. Planned sales at Hershey and Global-E deserve different context from discretionary transactions.
Close
Largest highlighted purchase totals: LEN $192.63M, BPRE $3.49M, OM $870.26K.
Largest highlighted sale totals: ACCV $360M, TH $202.4M, PBF $8.2M.