⚡ CHTR: Liberty Broadband sells $142.7M stake; no insider buying reported
Published Apr 6, 2026
We read 621 filings today. Here are the ones worth your time.
563 Form 458 8-K2 Buys53 Sells
Liberty Broadband just dumped $142.7 million of Charter Communications. That's the largest single insider move in the dataset this week.
Two insiders bought: Conkling walked in with her own money at IBKR, and Horizon Kinetics added to TPL. Meanwhile, three companies filed material agreements, $BG, $PSA, and $NSC all hit 8-Ks on the same day. Across 621 filings, insiders sold 26 times more often than they bought.
Liberty Broadband just moved $142.7M worth of Charter Communications stock out the door. Discretionary. Not a scheduled sale under any pre-planned arrangement. They unloaded 1.6% of their holdings while CHTR sits at $219.79, down from a 52-week high of $437 and flat on the year. The stock spent the first quarter cutting its value nearly in half before stabilizing in this range.
Here's the pattern. Liberty Broadband has been a major Charter holder for years, the kind of institutional position that signals long-term conviction. Moving $142.7M in one discretionary transaction breaks that pattern. The timing lands while Charter trades in the bottom half of its 52-week range, territory where institutional holders typically add rather than reduce. They chose to sell here anyway.
Director Lori Conkling picked up $2K worth of IBKR shares at $68, a discretionary buy ahead of earnings in 12 days. The stock sits 14% off its 52-week high of $79 after going nowhere year-to-date. Her first purchase in two years comes as discount brokers face margin compression from rate cuts.
Horizon Kinetics just added $454 to their TPL position. Discretionary buy, not pre-planned. The firm has bought TPL 19 times over the last two years without a single sale. The stock trades mid-range at $444, down from its $547 peak but well above its $269 low.
TPL $444.24 . 52w: $269-$547 . +0% YTD
THE TAPE
STX
CEO William Mosley sells $8.4M of STX
NFLX
Reed Hastings exercises options in $4.0M of NFLX
NDAQ
CEO Adena Friedman exercises options in $2.5M of NDAQ
AXON
Cameron Brooks sells $2.5M of AXON
LOW
CEO Marvin Ellison sells $1.9M of LOW
BMY
CFO David Elkins sells $1.9M of BMY
AFL
Japan Post Holdings Co., Ltd sells $1.6M of AFL
IRM
CEO William Meaney exercises options in $1.4M of IRM
Bunge locked in $1.5 billion of new revolving credit just weeks before its Viterra merger closes, replacing facilities set to terminate on completion. The five-year agreement gives the combined entity immediate liquidity for working capital in a tight ag commodity market where financing costs matter. BG trades near 52-week highs as investors bet the $34 billion Viterra deal transforms it into a global grain powerhouse.
Public Storage locked in $1.5 billion of new term loans through J.P. Morgan, diversifying its funding stack beyond the bond market. The self-storage REIT is trading near the bottom of its 52-week range despite stable occupancy trends across the sector. Fresh debt capacity at current rates gives management flexibility for acquisitions as smaller operators face refinancing pressure.
Norfolk Southern signed a definitive agreement with Canadian National Railway to create a pooling arrangement for interchanging containers in Buffalo, New York. The deal aims to improve service efficiency and reduce transit times between the railroads' networks. Stock is trading near the high end of its 52-week range at $288, suggesting investors remain confident in management's operational improvements following last year's East Palestine derailment recovery.