Pimco Execs Bet Big on REITs

Today's Top Insider Moves That Matter

Today, rotation with a side of realism.

Markets leaned cautiously green, with strength in semiconductors, software, and financials, sectors that typically signal growth optimism. But look closer, and the rally was anything but euphoric. Consumer defensives, REITs, and communication services lagged, flashing some hesitation beneath the surface.

Insiders picked up on it. Real estate insiders came out swinging with coordinated buys, especially in beaten-down REITs, betting that the bottom might be in. Meanwhile, tech leadership looks shaky beneath the surface: we saw dual top-level sales at a major gaming firm and cash-outs across entertainment and cloud.

This isn’t a risk-on free-for-all. It’s a market where insiders are drawing lines, buying what’s been punished, trimming what’s flying too high. The conviction is selective. And as always, it’s telling us where smart capital is quietly leaning while headlines keep eyes elsewhere.

Let’s dive into the trades that mattered most.

Biggest Insider Sales

🎮 Take Two Interactive $TTWO ( ▼ 0.21% ) – Dual $49M Dumps by Top Execs

• Who’s Selling? Karl Slatoff (President) & Strauss Zelnick (CEO)

• What They Sold: 216,661 shares each at $225.75

• Total Value: $48.9M each

• Why It Matters: When both the CEO and President unload the same chunk of stock on the same day, it’s rarely a coincidence. Slatoff cut 14% of his stake, Zelnick 12%. This coordinated cash-out smells less like portfolio management and more like a valuation top.

🔌 Astera Labs $ALAB ( ▲ 0.14% ) – CFO Chops 37% With $45M Sale

• Who’s Selling? Michael Truett Tate (CFO)

• What They Sold: 500,000 shares at $90.23

• Total Value: $45.1M

• Why It Matters: A 37% reduction is eyebrow-raising. Astera just IPO’d in March, and this CFO is already aggressively trimming. That's not the kind of conviction that screams long-term belief.

🏢 Allstate $ALL ( ▼ 2.12% ) – CEO Trims by $38M

• Who’s Selling? Thomas Wilson (Chair, President & CEO)

• What They Sold: 181,460 shares at $209.46

• Total Value: $38.0M

• Why It Matters: A chunky 15% reduction from the top dog of a defensive name like Allstate suggests he may see calmer waters or lower premiums ahead.

📺 Netflix $NFLX ( ▲ 1.78% ) – Reed Hastings Pulls $32M

• Who’s Selling? Reed Hastings (Director)

• What They Sold: 26,933 shares at $1,211.66

• Total Value: $32.6M

• Why It Matters: The Netflix co-founder rarely sells. And when he does, especially at all-time highs, it’s worth noting, even if he’s still holding millions more.

🚗 Carvana $CVNA ( ▲ 1.62% ) – Garcia Cashes Out $32M (Again)

• Who’s Selling? Ernest Garcia II (10% Owner)

• What They Sold: 100,000 shares at $325.55

• Total Value: $32.6M

• Why It Matters: Garcia’s known for selling into strength. The market might see this as business as usual, but when you’re already holding 45M shares, every sale sends a signal.

The takeaway? Big names in tech and insurance are lighting up, sometimes heavily. The coordinated sales at TTWO are especially suspect.

Now let’s turn the tables. Here are today’s boldest insider purchases—and the stories they’re telling.

*Money Mediary is for informational purposes only and should not be considered financial, investment, or legal advice. We analyze publicly available insider trading data to provide insights, but we do not recommend or endorse any specific securities, strategies, or investments. All trading decisions are made at your own risk.

Insider transactions reported in SEC Form 4 filings do not guarantee future stock performance. Past insider activity does not predict future market movements. Always conduct your own research or consult with a licensed financial professional before making investment decisions.

Money Mediary is not affiliated with the SEC, any financial institution, or any insider whose trades are reported. We make no guarantees about the accuracy, completeness, or timeliness of the data presented.

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