Money Mediary – March 31, 2025

✈️🛡️🛒💾🧑‍💻💍💾♻️💳🔧

March 31, 2025

Today's Top Insider Moves That Matter

Markets closed mixed today, with a clear tilt toward defensive strength and selective risk-on rotation. Consumer staples, healthcare, and financials outperformed, while semiconductors and internet retail dragged tech and discretionary sectors lower. Energy and utilities posted modest gains, but industrials and materials were fragmented, showing no clear trend. The spotlight was on insurers, beverage makers, and asset managers—all of which caught bids in a rotation back to quality and yield.

Insider trading echoed these themes. Executives in financials and industrials leaned in with high-conviction buys, while tech insiders, particularly in semiconductors and cloud infrastructure, stepped back. Most telling? A wave of cluster buys in insurance, real estate, and defense—sectors that often stir when big money sees inflection points.

Let’s break it down.

Biggest Insider Sales

✈️ StandardAero, Inc. $SARO ( ▲ 0.84% ) – $797.7M Institutional Liquidation

  • Who’s Selling? Carlyle Group Inc. (10% Owner)

  • What They Sold: 29,370,166 shares at $27.16

  • Total Value: $797.7M

  • Why It Matters: One of the largest sales we've ever tracked—this private equity exit was seismic. The timing suggests a full-scale divestment near peak positioning.

🛡️ Progressive Corp $PGR ( ▼ 0.07% ) – $2.76M CFO Sale

  • Who’s Selling? John Sauerland (VP, CFO)

  • What They Sold: 10,000 shares at $275.94

  • Total Value: $2.76M

  • Why It Matters: A large sale by a senior executive in a defensive stalwart. Routine or signal? The size raises eyebrows.

🛒 Walmart Inc. $WMT ( ▼ 0.78% ) – $2.49M CEO Trim

  • Who’s Selling? Doug McMillon (President & CEO)

  • What They Sold: 29,124 shares at $85.63

  • Total Value: $2.49M

  • Why It Matters: A modest trim from the CEO, but worth watching. Even retail kings like Walmart aren’t immune from insider de-risking.

💾 NetApp, Inc. $NTAP ( ▲ 0.32% ) – $1.78M High-Impact Sale

  • Who’s Selling? Cesar Cernuda (President)

  • What They Sold: 19,696 shares at $90.15

  • Total Value: $1.78M

  • Why It Matters: A stunning 62% reduction in holdings. When someone in the C-suite unloads most of their shares, it’s time to take notice.

🧑‍💻 Atlassian Corp $TEAM ( ▲ 1.6% ) – $1.72M Co-Founder Liquidation

  • Who’s Selling? Michael Cannon-Brookes (CEO, Co-Founder, 10% Owner)

  • What They Sold: 7,948 shares at $216.63

  • Total Value: $1.72M

  • Why It Matters: Half his stake gone in a single day. It's rare to see a founder move this decisively without a follow-up plan—investors should watch for more.

Tech and industrial insiders are stepping to the sidelines—and the selling isn’t subtle. But while some are cashing out, others are just getting started.

Let’s turn to the day’s biggest insider buys and the latest cluster buys.

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