Control Empresarial de Capitales S.A. de C.V. has filed 103 Form 4 transactions across three companies, and every one of them is a sale. The total sell value is $817,015,296.18, with no open-market purchases, acquisitions, or grants recorded in the period covered. The recent activity is concentrated entirely in PBF Energy (PBF), where the filer has executed 25 open-market sales between June 30 and September 2, 2026. The smallest of those trades was $67,425 on July 30, and the largest was $19,870,542 on July 8. Other sales in the cluster include $14,359,140 on July 9, $12,236,566 on August 13, and $10,520,070 on August 12.
The pattern is one of steady, repeated liquidation rather than a single block exit. Sales occurred on nearly every trading day in early July, then resumed in late July and continued through mid-August, with two more sales on September 2 worth $4,199,959.07 and $3,502,192.21. The dollar values vary widely, from under $1 million to eight-figure amounts, which suggests sales are being sized to market conditions or internal allocation rules rather than dumped all at once. The absence of any buy-side code, including the "P" designation that the SEC treats as the only conviction purchase type, means the filer has not added to any position in the observed window.
Across the three companies involved, the filer's direction is uniformly bearish in terms of cash flow. There are no option exercises, no conversions, and no gifts in the recent data. The total sell figure of over $817 million, paired with zero buys, makes the bias unambiguous. The most recent transaction on September 2, 2026, was a sale, so the selling streak has not stopped as of the last filing.
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