Insider Trading: Bill Gross Buys at Pimco, Bill Gates Sells Microsoft, and Sheryl Sandberg Sells Facebook

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Welcome to our daily roundup of top insider trades. Here's a look at the most significant inside purchases recently filed with the SEC.

Notable Purchases:

  • Media, communications, and entertainment company  Liberty Media ( LMCA ) bought 896,845 shares of cable company Charter Communications ( CHTR ) for $124,473,864.
  • Bill Gross, co-founder of Pimco, bought 100,000 shares of the non-diversified, closed-end management investment company Pimco Dynamic Credit Income Fund ( PCI ) for $2,319,460. Gross also bought shares of Pimco Municipal Income Fund ( PMF ), Pimco Dynamic Income Fund ( PDI ), and Pimco CA Municipal Income Fund (PCQ), all of which are non-diversified, closed-end management investment companies under the Pimco umbrella.
  • David Sokol, former CEO and President of NetJets and a beneficial owner of bank holding company Middleburg Financial (MBRG), bought 89,115 shares of the latter company's stock for $1,556,618.
Notable Sales:
  • Bill Gates, Founder and former Chairman and CEO of Microsoft (MSFT), sold 4,650,000 shares of company stock for $183,196,576.
  • Sheryl Sandberg, COO of Facebook (FB), sold 283,334 shares of the social network company's stock for $17,218,728.
For more insider trades, see the charts below.

Insider Purchases
#: Filer Name Insider Titles Company Name Ticker Trans
Type
Dollar Value

1

Liberty Media

BO

Charter Comms

CHTR

B

$124,473,864

2

Lorentzen Ole P

BO

Energy Recovery

ERII

JB*

$5,209,100

3

Gross William H

O

Pimco DC Inc Fd

PCI

B

$2,319,460

4

Sokol David L

BO

Middleburg Finl

MBRG

B

$1,556,618

5

Pappajohn John

DIR

American Caresource

ANCI

JB*

$1,150,000

6

Gross William H

O

Pimco Mu Inc Fd

PMF

B

$1,147,048

7

Gross William H

O

Pimco Dyn Inc Fd

PDI

B

$1,002,213

8

Gross William H

O

Pimco Ca Mu Inc

PCQ

B

$556,120

9

Frost Phillip Md

CEO,CB,BO

Opko Health

OPK

B

$279,407

10

Blackrock Kelso CA

FO

Blackrock Kelso

BKCC

B

$253,300


Insider Sales
#: Filer Name Insider Titles Company Name Ticker Trans
Type
Dollar Value

1

Gates William

DIR

Microsoft

MSFT

AS

$183,196,576

2

J A P Investment

BO

Eplus

PLUS

JS*

$54,582,060

3

Singleton Group

BO

Kemper

KMPR

S

$17,613,632

4

Sandberg Sheryl

COO,DIR

Facebook

FB

AS

$17,218,728

5

Polaris Venture Mgt

BO

Acceleron Pharma

XLRN

JS*

$13,436,224

6

Lilly Endowment

BO

Lilly Eli

LLY

S

$11,170,792

7

Bowen Bruce M

DIR

Eplus

PLUS

JS*

$10,326,072

8

Norton Phillip G

CEO,DIR,BO

Eplus

PLUS

JS*

$9,439,675

9

Bickham John

VP,COO

Charter Comms

CHTR

S

$5,303,524

10

General Atlantic

BO

Net 1 UEPS

UEPS

S

$4,961,934

Source: InsiderInsights.com | Key to Insider Title and Trans Type Codes

An important note from Jonathan Moreland, founder of Insider Insights :

In a victory for common sense, it has been proven profitable -- by both academic studies and (more importantly) the experience of your fellow professional investors -- to monitor the trading behavior of company executives, directors, and large shareholders in the stocks of firms of which they're registered as "insiders."

Please note, however, that the lists above are strictly factual; they are not buy and sell recommendations. Dollar value is only one metric to assess the importance of an insider transaction, and, frankly, often not even the most important metric that determines if an insider transaction is significant.

At InsiderInsights.com, we find new investment ideas just about every day using these and more intricate insider screens to determine where we should focus our subsequent fundamental and technical analysis. And while stocks don't (or shouldn't) move up or down based on insider activity alone, insiders tend to be good indicators of when real stock-moving events like earnings surprises, corporate actions, and new products may be in the offing.

Jonathan Moreland is also the author of "Profit From Legal Insider Trading."



The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of The NASDAQ OMX Group, Inc.



This article appears in: Investing , Stocks

Referenced Stocks: LMCA , CHTR , PCI , PMF , PDI

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