Vi L. P. Tcv

Vi L. P. Tcv discloses dealings in 5 companies, chiefly Netflix Inc, Homeaway Inc and Interactive Brokers Group, Inc. Over a trading history stretching from 31 July 2008 to 25 February 2013, the count stands at 113 filings.

Market trades split into 7 purchases (€3.5M) and 29 sales (€46.8M). Netting one side against the other leaves €43.2M of net selling. Unlike grants, an open-market purchase is paid for by the insider, at the market price. Other entries cover 2 share grants. Since January 2013: no purchases and 2 sales on the market.

A typical purchase (the median) is worth €241k. After 5 purchases with a full 90-day history, the hit rate stands at 0% and the median 90-day move at -13.9%. They describe history only and say nothing certain about the share price ahead.

On 27 February 2013 came the latest disclosure, an open-market sale for €13.4M in Homeaway Inc. The last purchase on record was published on 5 July 2011, which is 5,590 days ago. The median gap between a trade and its publication by SEC (Form 4) is 2 days. US insiders must file a Form 4 within two business days of a trade. Sales are harder to read than purchases, since they often meet personal needs such as tax or diversification. Source: insider filings from SEC (Form 4). Past trades are no guide to future returns.