CP Circle ML Holdco GP, LLC sold 26,105,840 shares of MDLN at $41.00 for $1,070,339,440.00 on 2026-03-10
CP Circle ML Holdco GP, LLC, a 10% owner of Medline Inc., executed a substantial sale of 26,105,840 shares at $41.00, reducing holdings by 17.2% from 151.56M to 125.45M shares. This represents a material partial liquidation of the fund's position at a price $0.07 below current market ($41.07) and 17.8% below the 52-week high of $49.99, occurring amid a 9.3% price decline over the prior 30 days. The transaction's size ($1.1B) and timing relative to a 30-day downturn warrant examination of whether this reflects a shift in the fund's capital allocation strategy or portfolio positioning, particularly given the company's solid 11.5% annual revenue growth, which does not indicate operational distress.