The Filing Cabinet

Cascade dropped $100.5M into Republic Services. Discretionary, not scheduled. They already own north of $20B in the company, and the stock sits 21% off its high while the S&P is up 4.8% on the year. Nobody adds $100M to a $20B position near the 52-week low because they're bored. $RSG

44% of her $GLW position, gone in one trade. $4.1M, discretionary, with the stock sitting near its 52-week high and up over 300% from its low. Corning's SVP and CDIO did not need a schedule to tell her when to move.

Nearly a fifth of his $AMD position, gone in one trade. $10.8M, discretionary, at $448 with the stock 4% off its all-time high after a 320% run. His only other sale in two years was $1.5M. Seven times larger, and he picked the top of the chart to do it.

$1.5M out of $CSCO, discretionary, not scheduled. The CEO sold at half a percent from the 52-week high, stock running 63% above its low. 2.3% of his position. When the guy who runs the company picks the top of the chart to trim, he is not guessing.

17% of his Duke Energy position, gone in one trade. Harry Sideris moved $2.5M, discretionary, no schedule to blame. Stock is 7% off its high, trending below both moving averages. He picked the middle of the slide and decided not to wait. $DUK

87.3% of his position. Discretionary, not pre-planned. $CVS is trading within 1.5% of its 52-week high.

Joel Ackerman moved nearly $10M out of DaVita in a single discretionary sale. No 10b5-1 plan. Stock was sitting near its 52-week high. $DVA

Deming Xiao sold $49.6M of Monolithic Power, discretionary. Not pre-planned, not scheduled. That's the VP of Strategic Marketing moving nearly fifty million dollars out of a stock sitting near all-time highs. $MPWR

Banking Committee member Sheldon Whitehouse trimmed up to $50K of $JPM. Small sale from a senator with oversight of the sector. JPM

Apple's chairman moved $71.2M worth of stock. Discretionary, not a 10b5-1. Arthur Levinson sold with shares sitting near all-time highs. Twenty-five years on the board. He picked this week. $AAPL

This week: $1.1B sold. $17.3M bought. 27:1 sellers to buyers. All three top trades were discretionary. Utilities saw zero insider buying. Not a single dollar.

Regency Centers insiders cut $22.1M across two sales. That's 79% of all real estate insider selling this week. Four sellers, three companies, every one of them heading for the exit. $REG $EQIX $MAA

Live Nation's $15.5M sale accounted for nearly three-quarters of all comms sector insider activity. Seven trades across five companies, six sells, one buy. Someone at $META apparently disagreed. $LYV $TKO $TMUS

$15.8M from a single Eli Lilly insider. That's 95% of all healthcare insider selling this week. Four companies, four sellers, zero buyers. $LLY $VRTX $DVA

Two Hershey insiders sold a combined $9.2M this week. That's 96% of all consumer staples insider activity. Four sellers across three companies, not a single buy. $HSY $KMB $MDLZ

Chevron's $36M sale is doing a lot of heavy lifting in energy this week. Six insiders, five companies, $41.1M total. All selling. $CVX carried 88% of the weight by itself. $CVX $WMB $HAL