Mantle Ridge LP

Mantle Ridge LP sells 2,230,455 DLTR shares at $111.31 for $248.3M, cutting non-derivative holdings by -91.4%

Mantle Ridge LP sold 2,230,455 shares of Dollar Tree at $111.31 on 2026-06-24, generating $248,271,946.05 in proceeds and reducing its non-derivative Table I holdings from 2,440,499 shares to 210,044 shares — a -91.4% reduction in that portion of the position. However, the insider retains 33,981 shares in derivative form via Share Forward Transactions (Table II), meaning this represents a substantial reduction of the non-derivative tranche rather than a full position exit. Mantle Ridge's cross-ticker sell track record shows a 90d well-timed rate of 100.00% on 1 prior sell, while its 4 prior buys at DLTR — all on 2023-12-20 — each produced negative 90-day returns ranging from -3.4% to -5.3%, a pattern consistent with the cross-ticker 90d win rate of 0.00% on buys. The sale occurred with DLTR up +25.1% over the prior 30 days and -17.7% from its 52-week high, providing observable price context for the timing of this large disposal.

Mantle Ridge LP sold 70.2K APD shares ($19.9M) at $284.21; trimmed position by 43.3% to 91.7K shares

Mantle Ridge LP, a Director of Air Products & Chemicals, executed a substantial sale of 70,175 shares at $284.21 on 2026-02-12, reducing its holdings by 43.3% from 161.9K to 91.7K shares. The transaction occurred at a price $4.47 above the current market price of $279.74, yet below the 52-week high of $317.36 (11.8% below peak). The insider's cross-ticker trade history shows consistent underperformance: 4 prior buys with a 0.00% 90-day win rate and -4.4% average 90-day return, suggesting a pattern of poorly-timed entry decisions that does not obviously extend to this sell. Notably, Air Products faces a material structural challenge—full-year net income was negative despite quarterly revenue of $3.1B and a $62.3B market cap, with annual revenue declining 0.5% year-over-year—which provides fundamental context for a significant reduction in exposure.