dumps

Range Financial Group LLC fully exited its position in Fortinet (FTNT 0.45%), selling 29,944 shares for an estimated $3.2 million, according to an SEC filing dated Oct. 17.

The fund sold its entire position in Fortinet.

The position previously accounted for 1.2% of the fund’s AUM

What happened

According to a filing with the Securities and Exchange Commission dated October 17, 2025, Range Financial Group LLC sold its entire stake in Fortinet. The firm liquidated the 29,944 shares it held, with the estimated value of the transaction based on the quarterly average price totaling $3.2 million. The fund now holds no position in Fortinet.

What else to know

The fund sold out of Fortinet, reducing its exposure from 1.2% of AUM as of June 30, 2025 to zero

Top holdings after the filing:

NYSEMKT: GJAN: $13.9 million (5.0% of AUM) as of Sept. 30

NASDAQ: NVDA: $10 million (3.6% of AUM) as of Sept. 30

NASDAQ: STX: $7.7 million (2.8% of AUM) as of Sept. 30

NYSEMKT: SPLG: $7.2 million (2.6% of AUM) as of Sept. 30

NYSEMKT: PJAN: $7.1 million (2.6% of AUM) as of Sept. 30

Shares of Fortinet closed at $83.44 on Oct. 17, 2025, up 3.2% over the past year but underperforming the S&P 500’s total return by 12.4 percentage points

Company overview

Company snapshot

Fortinet, Inc. is a global provider of integrated cybersecurity solutions, offering a broad product portfolio and scalable security infrastructure. The company leverages a mix of proprietary hardware and software to deliver robust network protection and threat mitigation for enterprises of all sizes.

It serves a diverse global customer base across telecommunications, technology, government, financial services, education, retail, manufacturing, and healthcare sectors.

The company generates revenue primarily through hardware and software sales, security subscriptions, technical support, and professional services, leveraging a channel partner distribution model alongside direct sales.

Foolish take

Range Financial sold its entire position after adding shares during the second quarter. During the June 30 through Sept. 30 period, the fund boosted its share ownership from 2.7 million shares to nearly 3.2 million shares.

However, the share sale follows the market’s negative reaction following Fortinet’s second-quarter earnings release on Aug. 6, sending the share price down nearly 22% the following day.

The company reported a 14% revenue increase to over $1.6 billion, the high end of management’s quarterly guidance. The company also reported adjusted diluted earnings per share of $0.64, exceeding its budgeted figure. Management also raised its annual EPS guidance.

Nonetheless, investors focused on Fortinet’s announcement that it has completed 40% to 50% of its planned firewall upgrade cycle. The higher-than-expected figure led to concern that many customers have already upgraded, limiting future revenue growth. Several analysts downgraded their ratings following the announcement.

Glossary

AUM (Assets Under Management): The total market value of investments managed by a fund or investment firm.
Liquidated: Sold off an entire investment position, converting it to cash.
Exposure: The proportion of a portfolio invested in a particular asset, sector, or market.
Channel partner distribution model: A sales approach where products are sold through third-party partners rather than directly to customers.
Stake: The amount of ownership or shares held in a company or investment.
Quarterly average price: The average price of a security over a three-month reporting period.
Reportable U.S. equity assets: U.S. stock holdings that must be disclosed in regulatory filings.
TTM: The 12-month period ending with the most recent quarterly report.
Security subscriptions: Ongoing service contracts providing access to cybersecurity updates and support.
Centralized management: A system that allows control and monitoring of multiple devices or services from a single platform.
Endpoint protection: Security solutions designed to protect devices like computers and smartphones from cyber threats.
Threat mitigation: Actions or technologies used to reduce or prevent cybersecurity risks.

Joel R Mogy Investment Counsel (JMIC) disclosed in an October 16, 2025, SEC filing that it sold 20,929 Adobe shares during Q3 2025.

This was an estimated $7.51 million trade based on the average price for Q3 2025.

What happened

Joel R Mogy Investment Counsel reported a reduction in its position in Adobe (ADBE 1.30%), selling 20,929 shares during Q3 2025.

The estimated value of the sale, based on the average closing price for Q3 2025, was approximately $7.51 million.

The position now stands at 50,664 shares as of Q3 2025, according to the firm’s SEC Form 13-F filed on October 16, 2025.

What else to know

The fund’s post-sale Adobe stake represents 0.98% of its $1.83 billion reportable U.S. equity AUM as of September 30, 2025, down from 1.60% in the previous period

JMIC’s top holdings after the filing:

1. Nvidia: $257.28 million (14.1% of AUM) as of September 30, 2025
2. Alphabet: $158.37 million (8.68% of AUM) as of September 30, 2025
3. Apple: $155.49 million (8.52% of AUM) as of September 30, 2025
4. Microsoft: $148.56 million (8.14% of AUM) as of September 30, 2025
5. Costco Wholesale: $91.43 million (5.0% of AUM)

As of October 15, 2025, Adobe shares were priced at $330.63, marking a one-year decline of 34.9% and underperforming the S&P 500 by 49 percentage points.

Company Overview

Company Snapshot

Adobe offers software solutions, including Creative Cloud, Document Cloud, and a suite of digital experience and publishing tools; primary revenue is generated through recurring subscription services.

It operates a cloud-based, subscription-driven business model, selling directly to enterprises and end users as well as through a global partner network.

The company serves content creators, marketers, enterprises, and creative professionals across industries worldwide.

Adobe Inc. is a leading global software company specializing in creative, document, and digital experience solutions.

Foolish take

Joel R Mogy Investment Counsel (JMIC) had been steadily accumulating shares over the last few years, with the firm having a 2.5% portfolio allocation in Adobe just two years ago.

However, the company has sold shares of Adobe in the last two quarters — and heavily in its latest quarter.

With Adobe’s stock down 52% from its all-time high, it certainly seems as though JMIC is worried about the long-term future of the company.

Adobe has become an artificial intelligence (AI) battleground stock lately. The market seems torn as to whether the AI revolution will empower — or completely disrupt — the company’s creative operations.

For instance, OpenAI recently launched its Sora 2 model that lets users create short video clips from text. It doesn’t take a wild leap to imagine how this could directly hinder Adobe’s video editing and software businesses.

That said, Adobe has grown sales by 11% over the last year and is seeing the professional use cases for its video capabilities remain as robust as ever. Furthermore, the company has its Adobe Firefly unit, which is its own generative AI offering for creators — so it’s not exactly being blindsided by peers like OpenAI.

Trading at just 15 times free cash flow, Adobe could be a tremendous value investment at today’s price, but it looks like JMIC doesn’t want to risk waiting to find out if the company gets disrupted or not.

Glossary

AUM (Assets Under Management): The total market value of all investments managed by a fund or investment firm.
Form 13-F: A quarterly SEC filing by institutional investment managers disclosing their equity holdings.
Q3: The third quarter of a company’s fiscal year, typically covering July through September.
Reportable U.S. equity assets: U.S. stocks and related securities that must be disclosed in regulatory filings.
Top holdings: The largest individual investments in a fund’s portfolio, usually ranked by market value.
Stake: The ownership interest or number of shares a fund or investor holds in a company.
Subscription-driven business model: A model where customers pay recurring fees for ongoing access to products or services.
Global partner network: A group of companies or organizations worldwide that help distribute or sell a firm’s products.
TTM: The 12-month period ending with the most recent quarterly report.

TOMMY Fury parked his G Wagon in a disabled bay while on a day out with partner Molly-Mae Hague.

The boxer and TV personality, 26, headed on a family trip in Manchester with Molly-Mae and their two-year-old daughter Bambi.

Love Island alums Tommy and Molly-Mae looked relaxed as the trio arrived at a park.

Molly-Mae wore a pair of black trousers, which were accompanied by an oversized grey jumper.

As for Tommy, he opted for tracksuit bottoms, a long-sleeved black top along with a black gilet.

He could be seen playfully holding Bambi and also carrying her, as she looked into the distance.

NOT READY

Molly-Mae reveals why she’s refusing to put £600k engagement ring on

TOMMY’S GUNS

Tommy Fury shows off hench body with bulging biceps after triathlon scandal

Elsewhere, Molly-Mae, 26, marked series two of her Prime Video series Behind It All being released.

It comes as she recently revealed why she’s refusing to put her £600k engagement ring back on – despite reuniting with Tommy.

The couple originally split over cheating allegations last summer, but ultimately got back together officially in May.

Speaking in series two episode one, the fashion designer explained that she wanted some kind of gesture from Tommy before wearing the ring again.

She said: “I’m not putting my ring back on yet just because I don’t feel quite ready.

“And also because I would kinda quite like for him to make a kind of a gesture.

“Not ask me again. That’s a lot but just a nice dinner or something.

“Just to like have that moment of ok, I’ll wear my ring again.”

Following this, Molly-Mae added the two were back together, although still living apart.

Meanwhile, Tommy has denied the cheating allegations but revealed that alcohol played a major part in their split last summer.

Tommy spoke about his lowest points in an interview and revealed he feared his drinking would see him end up in a ditch.

He said: “The turnaround point was in December I thought ‘I can’t do this anymore, I cannot do it’.

“I was like ‘something needs to change’ or else I’m going to end up in a ditch because that was the way I was going.

jungle names

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EVIL MUM

Mum caught committing sick act on son in a hospital bed moments before his death

“I often said that to my brother most night and my mates, they all know that.”

Tommy and Molly-Mae have been rebuilding their relationship since they kissed at Man Utd star Luke Shaw’s Hogmanay party in Cheshire last year.

On October 17, 2025, Nixon Peabody Trust Company disclosed in an SEC filing that it sold 25,734 shares of General Dynamics (GD 0.22%), an estimated $8.11 million trade.

What happened

According to a filing with the Securities and Exchange Commission dated October 17, 2025, Nixon Peabody Trust Company reduced its stake in General Dynamics by 25,734 shares during Q3 2025. The estimated transaction value, based on the quarter’s average price, was $8.11 million. The fund now reports holding 30,224 shares in General Dynamics, worth $10.31 million.

What else to know

This reduction brings the stake in General Dynamics to 0.75% of Nixon Peabody Trust Company’s 13F assets, as of Q3 2025. Previously, the position made up 1.26% of the fund’s AUM, as of Q2 2025.

Top five holdings after the filing:

• IDEV: $88.54 million (6.48% of AUM) as of September 30, 2025
• MSFT: $81.41 million (5.96% of AUM) as of September 30, 2025
• AVLV: $71.50 million (5.24% of AUM) as of September 30, 2025
• AAPL: $67.89 million (4.97% of AUM) as of September 30, 2025
• NVDA: $65.25 million (4.78% of AUM) as of September 30, 2025

As of October 17, 2025, shares of General Dynamics were priced at $331.15, up 7.4% for the year through October 17, 2025 and underperforming the S&P 500 by 3.2 percentage points over the same period.

Company Overview

Company Snapshot

General Dynamics offers business jets, naval vessels, combat vehicles, weapons systems, and advanced IT solutions through four segments: Aerospace, Marine Systems, Combat Systems, and Technologies.

The company generates revenue primarily through manufacturing and servicing defense platforms, business aviation, and technology solutions for government and commercial clients.

It serves U.S. and allied government agencies, defense departments, and commercial aviation customers worldwide.

General Dynamics is a leading global aerospace and defense contractor with a diversified portfolio spanning business aviation, shipbuilding, land combat systems, and defense technology.

Foolish take

Nixon Peabody Trust Company scaled back its position in General Dynamics, but even before the sell, this stock accounted for only a small fraction of the fund’s overall portfolio at just 1.26% of AUM — well outside its top five holdings.

It’s worth noting that although General Dynamics has lagged behind the S&P 500, it’s up by more than 25% year to date and 133% over the last five years, as of October 17, 2025. With the timing of this sell-off, it’s not surprising that institutional investors are cashing in on those earnings.

General Dynamics remains a major name in the defense sector, recently securing a $1.5 billion contract with U.S. Strategic Command to modernize its enterprise IT systems.

The company also has a long history of dividend growth, increasing its dividend payout for 28 consecutive years. Defense companies like General Dynamics can already offer some stability and predictability for investors thanks to contracts with the U.S. government, while consistent dividends can be appealing to income investors, too.

Glossary

13F: A quarterly SEC filing by institutional investment managers disclosing their equity holdings.
Assets Under Management (AUM): The total market value of investments managed on behalf of clients by a fund or institution.
Quarter (Q3 2025): The third three-month period of a financial year; here, July–September 2025.
Position: The amount of a particular security or asset held by an investor or fund.
Top five holdings: The five largest investments in a fund’s portfolio by value.
Stake: The ownership interest or share an investor holds in a company.
Defense contractor: A company that provides products or services to military or government defense agencies.
Segment: A distinct business division within a company, often reporting separate financial results.
TTM: The 12-month period ending with the most recent quarterly report.

Argent Capital Management LLC pared its holding in Copart (CPRT 1.70%) by 1,262,984 shares during Q3 2025, an estimated $59.52 million trade based on the average price for the quarter, according to an SEC filing dated October 14, 2025.

What happened

According to its Form 13-F filed with the Securities and Exchange Commission on October 14, 2025 (see filing), the firm reduced its Copart position by 1,262,984 shares during Q3 2025.

The estimated value of the shares sold, calculated using the period’s average closing price, was $59.52 million. The fund reported a remaining position of 162,339 shares at quarter-end.

What else to know

This was a reduction in the Copart stake, which now represents 0.2% of the firm’s 13F reportable assets under management as of Q3 2025.

Argent’s top holdings after the filing:

• Microsoft: $251.95 million (6.9% of AUM as of 2025-09-30)
• Nvidia: $237.98 million (6.5% of AUM as of 2025-09-30)
• Amazon: $213.08 million (5.8% of AUM as of 2025-09-30)
• Alphabet: $194.75 million (5.3% of AUM as of 2025-09-30)
• Mastercard: $126.28 million (3.5% of AUM as of 2025-09-30)

As of October 13, 2025, Copart shares were priced at $44.07, down 20% over the one-year period ending October 13, 2025, underperforming the S&P 500 by 36 percentage points over the same time.

Company Overview

Company Snapshot

Copart provides online auctions and vehicle remarketing services, including virtual bidding, salvage estimation, and end-of-life vehicle processing across North America, Europe, and select international markets.

It operates a digital marketplace facilitating the sale and purchase of vehicles, generating revenue through transaction fees, service charges, and value-added offerings such as vehicle transportation and title processing.

The company serves insurance companies, banks, fleet operators, dealerships, vehicle dismantlers, exporters, and individual buyers seeking to acquire or dispose of vehicles efficiently.

Copart, Inc. provides online auctions and vehicle remarketing services internationally, leveraging advanced virtual auction technology to connect sellers and buyers of vehicles across multiple continents. With a scalable digital platform and a comprehensive suite of remarketing and logistics services, Copart enables efficient disposition of vehicles for institutional and individual clients alike.

Foolish take

While Argent Capital Management still holds a few shares of Copart, the firm all but sold out of its position, reducing its portfolio allocation in the stock from 2% to 0.2%.

Since the stock seemed to be a longer-term holding for Argent, this seems mildly worrisome to Copart shareholders — myself included.

Though it’s impossible to know what exactly prompted the firm to nearly liquidate its holdings in the company, Copart’s results have been underwhelming this year, causing its slightly expensive stock to slide 30% from its high.

After growing sales by 15% annually over the last decade, Copart’s revenue growth slid to 13%, 7%, and finally 5% over the previous three quarters.

Ultimately, I’ll have to disagree with Argent on Copart as I believe the company has a wide moat around its operations that will make it hard to disrupt.

That said, Copart still trades at 28 times earnings, even after this year’s drop, so Argent may have simply thought it had grown beyond its valuation as a more mature company.

Glossary

13F reportable AUM: Assets under management that must be disclosed by institutional investment managers in quarterly SEC Form 13F filings.
Form 13-F: A quarterly SEC filing by institutional investment managers listing their U.S. equity holdings.
Quarter (Q3 2025): The third three-month period of a company’s fiscal year, here referring to July–September 2025.
Transaction value: The total dollar amount generated by a specific buy or sell trade.
Stake: The ownership interest or investment a fund or individual holds in a particular company.
Assets under management (AUM): The total market value of investments managed on behalf of clients by a fund or firm.
Digital marketplace: An online platform where buyers and sellers conduct transactions for goods or services, such as vehicles.
Vehicle remarketing: The process of reselling used or end-of-lease vehicles, often through auctions or specialized platforms.
Salvage estimation: The process of assessing the value of damaged or end-of-life vehicles for resale or parts.
End-of-life vehicle processing: Handling and disposing of vehicles that are no longer operational, often for recycling or parts.
Value-added offerings: Additional services provided beyond basic transactions, such as transportation or title processing, to enhance customer value.
TTM: The 12-month period ending with the most recent quarterly report.

Franklin Street Advisors disclosed in a Thursday regulatory filing that it sold Salesforce shares in an estimated $19.6 million transaction during the third quarter.

What Happened

According to a Securities and Exchange Commission filing released Thursday, Franklin Street Advisors sold 77,826 shares of Salesforce (CRM 1.97%) in the third quarter. The estimated transaction value was $19.6 million based on the average share price for the period ended September 30. Following the sale, the fund held 1,924 shares, with a reported value of $455,988 at quarter’s end.

What Else to Know

The sale reduced the Salesforce stake to just 0.03% of Franklin Street Advisors’ 13F reportable assets under management as of September 30.

Top holdings after the filing:

• NVDA: $132.2 million (7.6% of AUM)
• MSFT: $115.2 million (6.6% of AUM)
• AAPL: $110.4 million (6.4% of AUM)
• GOOGL: $91.2 million (5.3% of AUM)
• AMZN: $72.5 million (4.2% of AUM)

As of Thursday afternoon, Salesforce shares were priced at $244.73, down 15% over the past year, far underperforming the S&P 500 by 31 percentage points during the same period.

Company Overview

Company Snapshot

• Salesforce delivers cloud-based customer relationship management (CRM) solutions, including the Customer 360 platform, Sales, Service, Marketing, Commerce, Tableau analytics, MuleSoft integration, and Slack collaboration tools.
• The company provides enterprise software and related services to organizations worldwide.
• It serves customers in financial services, healthcare and life sciences, manufacturing, and other industries.

Salesforce, Inc. is a global leader in CRM software, leveraging a comprehensive suite of cloud-based applications to drive digital transformation for its clients. Its scale and broad product portfolio reinforce its position in the enterprise software market. The company’s strategy centers on deepening customer engagement and expanding its platform ecosystem to maintain market leadership and sustain long-term growth.

Foolish Take

Franklin Street Advisors’ decision to nearly liquidate its Salesforce position—with a $19.6 million sale reducing holdings to just 0.03% of assets—reflects a sharp pivot away from one of tech’s weaker performers this year. Salesforce shares are down 15% over the past 12 months, while the fund’s top holdings—NVIDIA, Microsoft, Apple, Alphabet, and Amazon—have each notched double-digit gains, underscoring the widening divide between AI winners and software incumbents still proving their growth story.

In its latest quarterly earnings release, Salesforce reported revenue of $10.2 billion, up 10% year-over-year, and a GAAP operating margin of 22.8%, its 10th straight quarter of margin expansion. Net income climbed to $1.9 billion, or $1.96 per share, as strong demand for Data Cloud and AI offerings lifted recurring revenue. However, investors have grown cautious amid slowing overall growth and mounting competition in enterprise AI integration.

CEO Marc Benioff called the quarter “outstanding,” highlighting the company’s vision for “agentic enterprises” blending human and AI workflows. Yet with steep competition, Salesforce may need to show faster innovation—and reignite investor enthusiasm—to reclaim its former momentum.

Glossary

13F reportable assets: Assets that institutional investment managers must report quarterly to the SEC, showing their holdings.
Assets under management (AUM): The total market value of investments managed on behalf of clients by a fund or firm.
Transaction value: The total dollar amount received or paid in a specific buy or sell of securities.
Stake: The portion or percentage of ownership an investor or fund holds in a company.
Top holdings: The largest investments in a fund’s portfolio, typically ranked by market value.
Customer Relationship Management (CRM): Software and strategies used by companies to manage interactions with customers and prospects.
Platform ecosystem: The network of products, services, and partners built around a company’s core software platform.
Dividend yield: The annual dividend payment divided by the stock’s current price, expressed as a percentage.
TTM: The 12-month period ending with the most recent quarterly report.

Sage Capital Advisors, LLC reduced its position in Costco Wholesale Corporation(COST -0.00%), selling 3,424 shares in Q3 2025. The estimated trade value was $3.28 million, based on quarterly average pricing for the period ended September 30, 2025, according to an SEC filing dated October 7, 2025.

What happened

According to a filing with the Securities and Exchange Commission dated October 07, 2025, Sage Capital Advisors, LLC sold 3,424 shares of Costco in Q3 2025. The transaction was valued at an estimated $3.28 million. Following the trade, the fund held 6,371 shares valued at $5.90 million as of September 30, 2025.

What else to know

The fund’s position in Costco decreased from 2.3937% to 1.4023% of reportable AUM as of 2025-09-30 following the sale.

Top holdings after the filing:

• NASDAQ:AAPL: $37.26 million (8.9% of AUM) as of September 30, 2025
• NASDAQ:MSFT: $21.92 million (5.2% of AUM) as of 2025-09-30
• NASDAQ:NVDA: $19.31 million (4.6% of AUM) as of 2025-09-30
• NASDAQ:GOOGL: $18.69 million (4.4% of AUM) as of 2025-09-30
• NASDAQ:AMZN: $16.32 million (3.9% of AUM) as of 2025-09-30

As of October 6, 2025, shares of Costco were priced at $910.94, up 4.3% over the past year, underperforming the S&P 500 by 13.7 percentage points

Company Overview

Company Snapshot

Offers a broad assortment of branded and private-label merchandise, including groceries, appliances, electronics, apparel, and specialty services such as pharmacies, optical centers, and fuel stations.

Operates a membership-based warehouse model

Operates in North America, Asia, Europe, and Australia

As of September 2025, the company operated 914 membership warehouses worldwide

Foolish take

Sage Capital Advisors sold off about 34% of its Costco holdings during Q3 2025, totaling about $3.28 million, dropping Costco from about 2.4% of its AUM to about 1.4%. This wasn’t a significant drop in its overall portfolio composition, even if it did represent a pretty significant sell-off of its Costco stock holdings.

Although Costco remains a strong retail company, investors have long worried it has been getting overvalued and has less room to grow in valuation in the near-term. For example, over the last year, Costco share values only increased by 4.3%, significantly underperforming the market. The company also had a very strong Q3, despite a resulting drop in its stock price.

Costco remains a desirable company for many investors, even if institutional investors like Sage Capital Advisors are selling significant shares. This may be a regular part of its portfolio management, and nothing to worry about, or it may have been taking gains at one of the near-$1000 peaks that occurred during the quarter. 

Either way, this looks more like a rebalancing move and less like a statement about Costco.

Glossary

AUM: Assets Under Management – The total market value of investments managed by a fund or firm.
Reportable AUM: The portion of a fund’s assets required to be disclosed in regulatory filings, often U.S. equities.
Top holdings: The largest individual investments in a fund, typically ranked by market value or portfolio percentage.
Membership-based warehouse model: A retail structure where customers pay annual fees to access bulk goods at discounted prices.
Dividend Yield: Annual dividends per share divided by share price, shown as a percentage.
TTM: The 12-month period ending with the most recent quarterly report.

Nearly six decades after the assassination of United States civil rights leader Martin Luther King Jr (MLK) in 1968, the White House has released more than 230,000 pages of once-classified files relating to his murder.

After becoming president in January, Donald Trump signed an executive order declassifying documents related to the assassinations of King, former President John F Kennedy and former Senator Robert F Kennedy.

The MLK files largely reinforce the longstanding official conclusion that James Earl Ray, the convicted assassin, acted alone with no conclusive evidence of a broader conspiracy.

The files released on Monday add to the well-documented record of FBI surveillance and harassment of King, including efforts to discredit and intimidate him in the years leading up to his assassination.

So what do the MLK files offer? What was the FBI operation against him? And why has Trump released them now?

What are the MLK files?

The MLK files are the trove of documents related to both the FBI’s surveillance of King throughout the 1950s and 1960s and the investigation into his assassination in 1968. The records were put under a court-imposed seal in 1977 after the FBI compiled them and turned them over to the National Archives and Records Administration.

The files include internal memos, wiretap transcripts, informant reports and correspondence from then-FBI Director J Edgar Hoover and senior officials, reflecting how the FBI viewed King as a political threat due to his civil rights activism.

A major focus is the FBI’s covert campaign to discredit and intimidate King, which included bugging his hotel rooms, infiltrating his inner circle and even sending him an anonymous letter urging him to commit suicide in 1964.

The FBI also falsely labelled King as a communist sympathiser based on his ties to former Communist Party member Stanley Levison, using this claim to justify illegal surveillance and attempts to destroy his reputation.

These operations were part of the FBI’s wider COINTELPRO programme, which targeted activists and dissenters across the country.

Did the files reveal anything new?

The newly released MLK files do not reveal any dramatic new evidence about his assassination or secret plots.

The files largely reinforce what was already known: Ray was convicted as the lone shooter, and the FBI engaged in an extensive surveillance campaign.

The communications also suggest the FBI considered multiple suspects beyond Ray but dropped those leads. Ray confessed to killing King in 1969 but later recanted and claimed he was framed.

Before being arrested, Ray was on the run for nearly two months. He fled to Canada, Portugal and the United Kingdom before being extradited to the US, where he was convicted and sentenced to 99 years in prison. He died in April 1998 from complications related to kidney and liver disease.

The documents reaffirm that the FBI, under the direction of Hoover, viewed King as a subversive figure and engaged in extensive surveillance and disinformation campaigns against him. These tactics, which included wiretaps and anonymous threats, have been public knowledge for decades, particularly after the findings of the US Senate’s Church Committee in the 1970s.

The new files appear to confirm this history while adding more granular details. They provide additional internal records and memos that reinforce previous accounts of the bureau’s efforts to discredit King and monitor his activities.

Notably, the release does not contain new evidence implicating anyone beyond Ray in King’s assassination.

But King scholars would like to see the information the FBI was discussing and circulating as part of its investigation, Ryan Jones, director of history, interpretation and curatorial services at the National Civil Rights Museum in Memphis, Tennessee told The Associated Press news agency.

“That’s critical given the fact the American public, at that time, was unaware that the FBI that is involved in the investigation was leading a smear campaign to discredit the same man while he was alive,” Jones was quoted as saying. “They were the same bureau who was receiving notices of assassination attempts against King and ignored them.”

What is the civil rights movement?

The civil rights movement was a decades-long struggle, primarily in the US during the 1950s and 1960s, aimed at ending racial segregation and discrimination against African Americans.

Rooted in centuries of resistance to slavery and racial injustice, the movement gained momentum after World War II as Black Americans demanded equal treatment under the law and full access to political, social and economic rights guaranteed by the US Constitution.

Led by figures such as Malcolm X, Rosa Parks, King and countless grassroots activists, the movement employed strategies ranging from peaceful protests and legal challenges to civil disobedience and mass mobilisation.

Landmark events like the Montgomery bus boycott in Alabama; the March on Washington, where King delivered his “I Have a Dream” speech; and the Selma-to-Montgomery marches, also in Alabama, pressured lawmakers and reshaped public opinion. These efforts led to major legislative victories, including the Civil Rights Act of 1964 and the Voting Rights Act of 1965.

What was this FBI operation?

The FBI’s operation against King was primarily conducted under the Counterintelligence Program, known as COINTELPRO, a covert initiative launched by the FBI under Hoover.

Initiated in 1956, COINTELPRO targeted various organisations, but its focus on King and the broader civil rights movement intensified in the early 1960s, particularly as King’s prominence grew.

The FBI labelled King a national security threat, suspecting communist influence within the civil rights movement although no such ties were ever substantiated.

Declassified documents outline a systematic campaign to monitor King’s activities, undermine his leadership and tarnish his public image through surveillance and psychological tactics. Wiretaps were placed on King’s home and office phones, and hidden microphones were installed in hotel rooms where he stayed.

These efforts, authorised by Attorney General Robert F Kennedy in 1963, were often abused to collect salacious details about King’s private life, particularly extramarital affairs.

In 1964, the FBI sent an anonymous letter to King accompanied by an audiotape it pulled from bugged hotel rooms that allegedly was evidence of his affairs and urged him to commit suicide to avoid public disgrace.

The FBI’s operation against King, which continued until his assassination in 1968, reflected Hoover’s animosity and the agency’s broader paranoia about civil rights activism disrupting the status quo.

“He was relentlessly targeted by an invasive, predatory, and deeply disturbing disinformation and surveillance campaign,” a King family statement said.

Why did Trump release them now?

The Trump administration released the MLK files despite opposition from his family and the political group he once led.

In a statement, Attorney General Pamela Bondi said: “The American people deserve answers decades after the horrific assassination of one of our nation’s great leaders.”

Trump’s order for the files to be released said it was in the “national interest” to release the records. “Their families and the American people deserve transparency and truth,” it said.

Bondi hosted Alveda King, a conservative commentator and MLK’s niece, at the Department of Justice to commemorate the release of the files. Alveda said she was grateful to Trump “for delivering on their pledge of transparency in the release of these documents on the assassination” of King.

The King family said in its statement that it had hoped to get an opportunity to review the files as a family before their public release.

In a statement released on Monday, King’s children called their father’s case a “captivating public curiosity for decades” but emphasised that “these files must be viewed within their full historical context.”

“We ask those who engage with the release of these files to do so with empathy, restraint, and respect for our family’s continuing grief,” the statement said.

Has Trump released other files?

Before releasing the MLK files, Trump declassified thousands of documents related to the assassinations of former President Kennedy (JFK) and his younger brother, Robert F Kennedy, calling it a push for transparency.

In March, the National Archives released tens of thousands of pages concerning JFK’s 1963 assassination, including previously redacted FBI and CIA records. These documents offered further detail on the intelligence tracking of JFK assassin Lee Harvey Oswald and US surveillance efforts during the Cold War.

After that, from April to June, the Trump administration released more than 70,000 pages related to the 1968 assassination of Senator Kennedy. These records included FBI field reports, informant files and internal memos.

While many hailed this latest release, Trump also faced criticism from other leaders who called it a political distraction at a time when pressure has been mounting over the president’s handling of sex offender Jeffrey Epstein files.

The Epstein files detail the life and connections of the disgraced financier with deep ties to elite political, business and cultural circles. Calls for transparency have intensified after renewed demands from civil society, victims advocates and bipartisan lawmakers who argued that shielding the full extent of Epstein’s connections undermines justice and accountability.

JUST 18 months ago she was flashing her diamond engagement ring on a sun-soaked holiday in Mauritius, toasting a future with the man she called her ‘King’.

But today Lioness Millie Bright is sporting a very different ring on her finger, with her life having seemingly been upended in the space of a week.

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It began with her shock withdrawal from the Euro 2025 squad due to not being able to “give 100 per cent mentally or physically” – a decision she admitted was “one of the hardest I’ve ever had to make”.

Physically, defender Millie is recovering from knee surgery which saw her miss a date with Prince William yesterday to collect her OBE from Windsor Castle.

On a personal level, this week it emerged she’s split from husband-to-be Levi Crew and fallen for married personal trainer and dad-of-seven, Dave Zetolofsky, 39.

She’s also been spotted with a new diamond ring on her little finger – though there’s no suggestion it’s an engagement ring. 

Meanwhile all mentions of Levi have been swiftly deleted from Chelsea captain Millie’s social media accounts, including that Christmas Day engagement post.

But people who know Millie, 31, are not remotely surprised by this single-minded determination to do what’s right for her. 

“Millie is not the type of woman to be troubled by self doubt or regret,” said a source, adding that she makes tough decisions, and sticks to them.

An onlooker said: “Millie’s had a chaotic few weeks with news of her split and pulling out of the England squad. But she’s as tough in real life as she is on the pitch.”

It’s arguably this ruthless, resilient mentality that has got Millie so far in life – going from earning £25 a week in a Yorkshire pit village to a historic victory in the 2022 Euros, leading the women’s national team to the 2023 World Cup final, winning 19 trophies with Chelsea and living in a Surrey mansion worthy of glossy magazine spreads.

Up until recently she shared this immaculate home with Levi, whom she was so devoted to that she proudly displayed a tattoo of his eye on her left arm, along with a tiger because “he gave her core strength through thick and thin”.

She raved about her “perfect kitchen” after it was fitted by high end designers Howdens to include a bespoke pet space under the breakfast bar for her beloved French bulldogs Zeus and Hera, named after Greek gods.

And the garden boasts an Explore ice bath which she uses for her post game ritual.

Millie is thought to have met heavily inked former pro kickboxer and martial arts enthusiast Dave in February.

She joined 21st Century Combat, the gym he co-owns with his wife Katie close to her Surrey mansion, and signed up to his gruelling exercise classes.

There is no suggestion that Millie or Dave cheated on their partners.

Eyes on the prize

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From an early age, Millie always had her eyes firmly fixed on the prize. 

Growing up among the Derbyshire collieries, little Millie’s childhood was quite idyllic. 

She first sat on a horse when she was one, and was riding by the age of three – insisting that horses were her “life rather than a hobby”.

Determined and dedicated, Millie would rise early and be out working in her family’s stable yard by 6am most mornings before school, rain or shine.

She competed every weekend, and the owl Millie has tattooed on her arm is a likeness of the one that flew back to her parents barn every year. 

But suddenly, at the age of nine, she decided to sacrifice it all after stumbling across football by accident.

Millie’s had a chaotic few weeks with news of her split and pulling out of the England squad. But she’s as tough in real life as she is on the pitch

Source

Bored while watching a friend train one morning at her local club, Killamarsh Dynamos, she decided to join in the session.

That was the moment everything changed, and from then on Millie’s life revolved around the Dynamos. 

Millie was such a key player that the club would later name their pitches after her.

Inevitably she outgrew the Dynamos and a few years later – dressed as one of the mustachioed runners from the 118 118 directory enquiries service for a charity run – she seized the opportunity to introduce herself to Paul Green, then manager of Doncaster Belles. 

He recalled that her handshake was so strong that day it took him aback.

Unable to refuse her, her contract was quickly a done deal.

‘Diamond in the rough’

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Another former Doncaster manager, John Buckley, remembers Millie as a diamond in the rough.

“From the minute she came in she was totally involved, a cracking girl,” he said.

Back then women’s football was not the big business it is today, and her wages were just £25 a week. 

Undeterred, Millie juggled two part time jobs – working as a fitness instructor and a horse groom at Esberger’s Yard in Todwick – to supplement her meagre income. 

In 2019 she recalled in an interview with the BBC how an ankle injury at that time not only robbed her of her earnings from football, but left her claiming benefits because she could not work her two other jobs either. 

From the minute she came in she was totally involved, a cracking girl

John BuckleyDoncaster manager

Ever supportive, her parents Nicola and Steve forked out for private surgery and the club paid for her rehabilitation.

“She was always so driven and eventually, she knew what she wanted to do – which was to play professional football,” said Sheila Edmunds, the president of the Doncaster Rovers Belles.

A family friend added: “It was always blood, sweat and tears with Millie, she would play until her entire body hurt.”

As her football career grew more demanding in her teens, Millie was forced to make another tough choice.

She had to abandon the stables for good – and now Millie is barred from horse riding at all by her insurers.

After that of course Millie soared to greater heights and spells in midfield meant she was a direct opponent of England legend Jill Scott, then at Everton. 

In one press conference Scott said: “The girl I played against tonight, that young girl – she’s the most aggressive player I’ve ever played against.” 

Millie’s mum and dad were in the stands at every game, along with her no-nonsense grandparents Margaret and Arthur.

Arthur Bramall, a tough former coal miner who spent his career at the Rossington colliery in Doncaster, is the person Millie relies on the most for honest feedback about her performance on the pitch.

Bitter blow

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Her decision to withdraw from the Euro 2025 squad as they began preparations for the tournament in Switzerland next month was a bitter blow for fans.

Millie admitted: “The demands of it are incredibly high and I would see it as a little bit selfish to take up an opportunity in a position from somebody else when I’m not 100 per cent there.

“It wasn’t an easy decision. I gave it a lot of thought. 

“But ultimately, I thought this was the best decision for the team, but also for myself and using this summer to really just zone into mentally, physically, getting myself back in tip-top condition and just happy again, all round, just feeling like myself. It’s obviously hard.”

Fans have rallied to support Millie on social media, as have her teammates, with Arsenal striker Chloe Kelly writing: “Proud of you always”.

Aston Villa‘s Rachel Daly posted: “Couldn’t be more proud. With you through everything my girl,” and a message on the official Lionesses account read: “We’re all with you, Millie.”

England manager Sarina Wiegman said: “She has to take care of herself. We will stay in contact and I hope she feels better soon.”

While she’ll no doubt find it difficult watching her team play on without her, Millie’s new love certainly provides a big shoulder to cry on.