The Daily Filing | Tuesday, April 07, 2026
CHTR insider sells $143M. Plus TPL moves.
We read 164 filings today. Here are the ones worth your time. 118 Form 446 8-K1 Buys39 Sells |
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Liberty Broadband just moved $142.7 million out of Charter Communications. That's the largest exit we've tracked this week. Meanwhile, Horizon Kinetics put money into TPL. Elsewhere, PSA, MKC, and MCK all filed material agreements, three separate companies restructuring deals on the same day. |
| THE FILING THAT MATTERS MOST | |
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| SEC FORM 4 | Sale . D . $142.7M . CHTRD |
Liberty Broadband just moved $142.7M of Charter Communications off its books. Discretionary. Not a scheduled sale, not a 10b5-1 plan. They chose this week to gift away 1.6% of their stake in CHTR while the stock trades at $220, down from a 52-week high of $437. Charter's down 50% from that peak. Liberty Broadband is selling into the crater. Here's the context that matters: Liberty Broadband is Charter's largest shareholder. When your biggest backer starts gifting away stakes at the bottom of a 52-week range, it's not a vote of confidence in the recovery timeline. The stock's flat year-to-date after falling off a cliff. Liberty could have waited for a bounce. They didn't. CHTR $219.98 . 52w: $180-$437 . +0% YTD |
| SEC FORM 4 | Buy . D . $443 . TPLD |
Horizon Kinetics just bought $443 of TPL shares in a discretionary trade. The firm has now made 20 consecutive buys over two years without a single sale. TPL trades 19% below its 52-week high as the stock consolidates after doubling from last year's low. TPL $444.24 . 52w: $269-$547 . +0% YTD |
| DASH | Stanley Tang sells $3.5M of DASH | | AXON | Cameron Brooks sells $2.5M of AXON | | AFL | Japan Post Holdings Co., Ltd sells $2.2M of AFL | | HSY | Hershey Trust CO Trustee IN Trust For Milton Hershey School sells $2.0M of HSY | | BMY | CFO David Elkins sells $1.9M of BMY | | AFL | Japan Post Holdings Co., Ltd sells $1.6M of AFL | | EW | Donald Bobo exercises options in $1.3M of EW | | HBAN | James Rollins sells $1.2M of HBAN | | HD | William Bastek sells $956K of HD | | EOG | COO Jeffrey Leitzell exercises options in $844K of EOG |
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Public Storage borrowed $500 million through a new term loan facility priced at SOFR plus 55 basis points. The REIT is trading near the bottom of its 52-week range despite strong fundamentals in self-storage. The fresh capital likely funds property acquisitions or development as management capitalizes on the sector's pricing power. PSA $280.35 . 52w: $257-$313 . +0% YTD |
McCormick just locked in $2B of committed credit through 2030, replacing its expiring facility ahead of schedule. The spice giant is securing flexible capital at a time when rates are still elevated and its stock sits near 52-week lows after a tough year. With strong brand power but slowing consumer spending, having ample dry powder for acquisitions or working capital buffers makes sense when trading at the bottom of its range. MKC $48.85 . 52w: $48-$78 . +0% YTD |
McKesson issued $1.5 billion in senior notes split across 2030 and 2035 maturities to refinance existing debt and fund general corporate purposes. The healthcare distributor is locking in long-term capital near its 52-week high while interest rates remain elevated. The move gives MCK flexibility to pursue acquisitions in specialty pharma distribution without pressuring near-term cash flow. MCK $884.28 . 52w: $637-$999 . +0% YTD |
Market Context | Market Breadth | Neutral (30% above SMA-50) |
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