product · May 16, 2026
Bienville Capital Sells All 945,332 GitLab Shares for $27.61 Million on May 13, 2026
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Bienville Capital Management sold its entire holding of 945,332 GitLab shares on May 13, 2026, for an estimated $27.61 million. The position had represented 5.6% of the fund's AUM in the prior quarter. GitLab shares traded at $22.05 on May 13, 2026, down 58.7% over the past year. The sale followed GitLab's announcement of workforce restructuring and occurred amid competition from AI coding tools and slower customer spending.
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