I am curious/wondering if GS is doing any short selling of BP.
Edit: Doing some checking, right on the link that’s referenced, it shows that this sale represented 0.4% of their total portfolio .. that is less than one half percent.
From what I gather, 3 months would be a long time to move out of 4.5 million shares–there are blocks larger than that which change hands regularly in a single trade among large institutional investors, like GSAM.
Edit 2: Also, GS is a holding company – they buy & sell shares not only for their own accounts, but for customers too. So while they did sell, they may not have necessarily benefitted. It would be interesting to see which of their clients did. Definitely prescient to have sold at such an opportune time.
