Harris Theodore L has demonstrated a clear bias toward selling shares in recent years, as evidenced by SEC Form 4 filings. Over the course of 31 transactions involving two companies, BCPC (Balchem Corporation) and PNR (Pentair plc), Harris has sold shares worth $17,044,524.79, compared to purchases totaling $2,030,397.50. This disparity highlights a significant divestment trend, particularly in BCPC, where the majority of transactions have occurred. Notably, Harris executed seven sales in 2024 alone, including a series of high-value transactions on February 21 and 22, 2024, totaling over $8.8 million. These sales were complemented by smaller purchases, such as a $501,679.16 acquisition on February 11, 2024, and sporadic activity in PNR, including a $72,668.83 sale on January 2, 2026.
The recent trading activity underscores a continued focus on reducing holdings, particularly in BCPC. Between February 2025 and February 2026, Harris engaged in multiple transactions, primarily involving sales or acquisitions with no monetary value, suggesting potential transfers or adjustments rather than direct market activity. The largest recent sale occurred on February 11, 2026, with shares worth $1,672,087.44 divested. While Harris has occasionally acquired shares, such as the $489,486.69 purchase on February 10, 2025, the overall pattern leans heavily toward liquidation. This activity reflects a strategic shift away from equity accumulation, particularly in BCPC, where Harris has been most active.
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