Guillermo Novo has maintained a consistent pattern of acquiring shares in PPG Industries (PPG) while engaging in more substantial, though less frequent, transactions involving Ashland (ASH). Since 2024, Novo has executed 25 reported trades across these two companies, with a clear buy-side bias—total purchases amount to $1.62 million against $524,403 in sales. The PPG transactions, all coded as discretionary purchases (Form 4 code "A"), show a recurring pattern of smaller acquisitions, often in pairs on the same day, with values typically ranging from $8,470 to $38,619. The most recent PPG buys occurred on March 12, 2026, totaling $18,456 across two transactions. In contrast, Novo’s activity in ASH involved larger, more concentrated trades in late 2025, including three sales totaling $627,403 via market dispositions (code "M") and three gifts or transfers (code "F") valued at $524,403—all executed within a five-day span in November 2025. Notably, the ASH transactions dwarf the PPG activity in scale, yet the PPG trades demonstrate a steadier, long-term accumulation strategy. Novo’s last reported trade in ASH was a minor acquisition (code "A") with no reported value on February 6, 2026, suggesting a potential shift in focus or liquidity needs following the earlier flurry of dispositions. The data reflects a disciplined approach to building a position in PPG while opportunistically managing a separate, more substantial stake in ASH.
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