Olivier Leonetti sells 16,018 shares of Eaton Corp at $358.19–$358.50, liquidating 96.2% of holdings for $5.7M
Leonetti filed 3 separate sales on 2025-08-07 totaling 16,018 shares for $5,740,688.43, reducing his holdings from 16,648 shares to 630 shares—a 96.2% reduction. The blended average price of $358.39 sits just below the current market price of $360.11 and near the 52-week high of $392.76 (8.3% below peak). His prior sell at Eaton on 2024-02-13 generated a +20.8% 90-day return, indicating the stock rose substantially after that sale—poorly timed by sell-timing standards. This current liquidation removes nearly all equity exposure at prices near 2025 highs, occurring in an environment where the stock trades within a narrow 30-day window (−0.1% change) but is up +8.9% over 90 days. The near-complete exit warrants monitoring for what circumstances prompted such substantial position reduction.