I won't speak to his motives (only he and his crew know), but...

I won't speak to his motives (only he and his crew know), but know this: as at two weeks ago (end-Jan) AF was at #4 with a heavily reduced 44m (1.3%) holding. That's 51m offloaded during Jan*.

Although he's not yet down to nil, the exit trend is clear enough.

It's a pity to see the misinformed toxicity that has seeped into these threads in more recent times.

(*Last month marked the recommencement of the offloading campaign which had previously been paused between May and Dec last year.)

PS. What is new is a preparedness to offload at prices materially below his VWAC, which is readily calculable from various filings (disclosures) over the years.