Gary D. Cohn, Vice Chairman of IBM, has demonstrated a consistent pattern of selling activity across his holdings in IBM (NYSE: IBM) and Apollo Global Management (NYSE: APO), with no recorded purchases in the available data. His 35 reported transactions, spanning from January 2025 through February 2026, exclusively involve dispositions, totaling over $15.5 million in aggregate sales. The bulk of this activity centers on IBM, where Cohn executed multiple sales in February 2025 and February 2026, including a $5.8 million transaction on February 1, 2026, and a $4.3 million sale on February 1, 2025. Smaller but recurring sales occurred in late February of both years, with transactions ranging from approximately $318,000 to $395,000.
The filings also indicate activity tied to Apollo Global Management, though the reported transactions show no monetary value, suggesting derivative adjustments or non-cash dispositions. Cohn’s trading history reveals a clear divestment trend, particularly concentrated around annual February periods, with no offsetting acquisitions. While the sales could represent routine portfolio management—especially given the absence of recent transactions—the consistency and scale of disposals in IBM stock warrant attention. The lack of buying activity over this 14-month period further underscores a directional bias toward reducing exposure to these holdings.
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