The Insider Ledger

Weekly intelligence from public SEC filings

Nothing on this site is investment advice. It is an automated research digest of public SEC filings.

software_internet

What am I looking at?

All tracked filing activity in this sector. Capital committed sums disclosed values of insider purchases, new and increased fund positions, and activist stakes across the full tracked history; new versus follow-on distinguishes first-time from repeated quarterly 13F positions. Weekly commentary comes from the editions that discussed this sector, and stocks are ranked by their current signal score.
$63.3B
Capital committed
27
Active investors
48
New positions
7
Follow-on adds

Weekly commentary

2026-W41 — Software/internet insider activity totaled about $1.2M in standing-plan sales (Meta about $1.15M, Alphabet about $28K). No purchases and no institutional activity anywhere in the sector.

2026-W40 — Software/internet insider activity totaled about $23.7M in standing-plan sales, all at Meta (Zuckerberg about $22.5M, Olivan about $1.2M). No purchases and no institutional activity anywhere in the sector.

2026-W39 — Software/internet insider activity totaled about $43.1M in standing-plan sales: Meta Chief Product Officer Christopher Cox ($42.0M across two filings) and Meta COO Javier Olivan ($1.1M). No purchases and no institutional activity anywhere in the sector.

2026-W38 — Software/internet insider activity totaled about $38.1M in standing-plan sales: Microsoft CFO Amy Hood ($20.8M), Meta Chief Product Officer Christopher Cox ($13.0M), and Meta COO Javier Olivan ($4.3M across two filings). No purchases and no institutional activity anywhere in the sector.

2026-W37 — Meta's chief accounting officer filed about $2.0M in standing-plan sales this week, the only insider activity from the software/internet sector. No purchases and no institutional activity.

2026-W36 — Microsoft CEO Satya Nadella filed about $43.4M in standing-plan sales, and an Alphabet director sold a symbolic $27.7K, also under a standing plan. Combined with semiconductors, every dollar of insider activity across the watchlist this week was a disposal.

2026-W35 — Meta's CFO, CTO, and chief legal officer filed about $10.3M in 10b5-1 plan sales this week. Combined with AMD and Amazon, every dollar of insider activity across the watchlist this week was a scheduled disposal.

2026-W32 — All software/internet activity this week was insider selling: Meta's COO and two board members (~$1.42M combined), two Alphabet officers (~$177K combined), and Microsoft's CMO in a discretionary $2.4M sale. No purchases, no 13D filings, and no accumulation anywhere in the sector this week.

2026-W31 — The only flow this week was standing-plan selling from two officers, Alphabet's Marsida Saraci (~$150K) and Meta's Javier Olivan (~$891K), with no offsetting buys and no new filings beyond those insider sales. Both are continuations of prior-week patterns and say little about conviction at either company.

2026-W30 — The only software/internet flow this week was Meta COO Javier Olivan's continued 10b5-1 selling (~$2.4M), with no offsetting buys and no new filings beyond those insider sales. Plan-based and one-directional, so it says little about conviction. Note that the large Alphabet-linked disposals on the raw tape were reclassified out of this sector: they are Google Ventures fund distributions of Ethos Technologies (LIFE), not Alphabet stock.

2026-W29 — All flow this week was outbound: six insiders across Alphabet and Meta sold roughly $8M combined, entirely 10b5-1, with no new filings this week beyond those insider sales. Aggregate outflow with no buy-side counterweight, but the plan-based nature means it says little about conviction. The dashboards' Q1 2026 baseline (filed in May, not this week) shows 23 new 13F positions in GOOGL, META, and MSFT opened across four allocators — Berkshire, Pershing Square, TCI, and Coatue — history that is visible but did not change this week.

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