In a standout insider transaction, Control Empresarial de Capitales S.A., the investment powerhouse owned by Carlos Slim, disclosed another hefty purchase of PBF Energy Inc $PBF. 

According to a fresh Form 4 filing, Slim’s firm shelled out an impressive $11,657,328 to boost its stake to more than 21.50%.

Even though PBF doesn't look good from a technical perspective, insider moves from major players can reveal a lot.

So, it makes sense to keep an eye on PBF, waiting patiently for the trend to reverse in our favor.

Here’s The Hot Corner, with data from October 30, 2024:

GIC Private Ltd's recent 13G filing reveals a significant increase in its stake in New Oriental Education & Technology Group $EDU, from 5.03% to 7.47%.

Singapore's sovereign wealth fund focuses on a long-term, diversified investment strategy across sectors like technology, financials, real estate, and healthcare.

Here’s The Hot Corner, with data from October 29, 2024:

Liberty 77 Fund is back on the hunt, snatching up another $3.1 million in Lions Gate Entertainment Corp $LGF shares, according to its latest Form 4 filing.

This is the fifth purchase Liberty 77 has made this month, totaling $14,627,477.

When the big guns step in like this, you know there’s more than just a casual interest.

Here’s The Hot Corner, with data from October 28, 2024:

Today’s standout insider activity is a Schedule 13G filing from James Flynn's Deerfield Management. The firm just reported a new position in Embecta Corp $EMBC with a 5.33% stake.

Known for its sharp eye on healthcare and biotech, Deerfield goes all in, building a high-conviction, focused portfolio centered on medical innovation. 

The top holdings include Nuvalent $NUVL, Insmed $INSM, and Viatris $VTRS.

In other insider news, Control Empresarial de Capitales SA, led by Mexican billionaire Carlos Slim, reported the acquisition of 487,100 shares of PBF Energy $PBF.

Slim now owns 24,951,498 shares of PBF, giving him a 20.73% stake in the company.

Here’s The Hot Corner, with data from October 25, 2024:

The most significant insider buy on today’s list is a $913,648 purchase of Ibotta Inc $IBTA by D.E. Shaw & Company, a data-driven investment giant with $120.5 billion in assets under management.

Among its top holdings are market winners like Microsoft, Apple, and Nvidia.

The inclusion of Ibotta signals strong growth potential and suggests the company could be on the verge of something big.

Here’s The Hot Corner, with data from October 24, 2024:

FB Financial Corporation $FBK is center stage today, as former director and top individual shareholder James Ayers doubled down on his commitment with a hefty $267,170 purchase, according to a new Form 4 filing.

This move brings Ayers' direct ownership to a whopping 10.9 million shares, or about 23% of outstanding shares, signaling his long-term belief in the company.

Here’s The Hot Corner, with data from October 22, 2024:

HMI Capital Management just made a bold move, raising its stake in nCino Inc $NCNO and making the Wilmington, North Carolina-based fintech outfit its No. 2 holding.

According to today’s 13D filing, the investment firm now holds 7,873,778 shares of NCNO, boosting its ownership from 6.40% to 6.80%.

HMI Capital primarily targets growth sectors like technology, focusing on companies with scalable, long-term growth potential.

Among its top holdings are Roblox $RBLX, Coupang $CPNG, GitLab $GTLB, and Toast $TOST.

With these disruptive players in its portfolio, HMI is betting big on innovation and staying at the forefront of the tech revolution.

Here’s The Hot Corner, with data from October 21, 2024:

From the Desk of Steve Strazza @Sstrazza and Alfonso Depablos @AlfCharts

Welcome to the Hot Corner Insider Weekly Report!

As you know, we spend a lot of time tracking insider activity to come up with this universe.

But that’s only half the battle!

Once we identify the names insiders are targeting, we overlay our expert technical analysis to see if the market agrees with their actions.

While we track some of the most powerful and well-informed market participants… we aren’t just going to follow them blindly into their trades.

We want to see that the insider activity is confirmed by the trend before we get involved. 

When we can check both boxes, we identify asymmetric risk/reward setups and then jump in and ride these trends higher alongside the smart money.

Warren Buffett’s Berkshire Hathaway just turned up the volume on its stake in Sirius XM Holdings $SIRI with the purchase of an additional 1,557,702 shares, valued at a cool $42 million.

This move nudges Berkshire’s ownership stake from 32% to 32.5%, reaffirming Buffett’s confidence in the satellite radio company.

Here’s The Hot Corner, with data from October 18, 2024:

The most significant insider activity today comes from Control Empresarial de Capitales S.A., the Mexican investment firm led by Carlos Slim.

According to a new Form 4 filing, the firm acquired 1,002,000 shares in PBF Energy $PBF, valued at $31.8 million.

This is Control Empresarial’s fourth major purchase in the last month, totaling nearly $55.9 million.

With these buys, Control Empresarial now owns around 20% of PBF and is the largest shareholder in the company, holding about as many shares as Blackrock and Vanguard combined.

Here’s The Hot Corner, with data from October 17, 2024:

Today’s biggest insider move comes straight from John Edward Adent, CEO of Neogen Corp $NEOG. 

According to a fresh Form 4 filing, Adent just scooped up 14,500 NEOG shares, throwing down $200,000 in the process.

No one understands Neogen better than its CEO. And this wasn’t a pre-scheduled transaction or an option exercise – this was an open-market purchase.

CEOs don’t just throw six figures into their own stock for fun. They do it when they see real value. Adent sees upside in NEOG, and he’s putting his own cash on the line to back it up.

However, that doesn’t necessarily mean it’s time for us to jump in. As technicians, we only want to follow this insider data when the trend confirms it 

That’s not the case with $NEOG right now, as the stock is still in a downtrend. We will add it to our watchlist and be ready when the setup improves.

The most significant insider activity on today's list comes via a Form 4 filing by Liberty 77 Fund.

This time, the private equity fund reported an additional purchase of $5.4 million in Lions Gate Entertainment Corp $LGF.

Chairman and CEO Matt Murphy revealed the acquisition of 13,000 shares of Marvell Technology $MRVL.

While there can be many reasons for an insider to sell shares, there's typically only one reason they buy — they believe the stock is going up.

And if the CEO is buying now, at these levels, it signals strong conviction in the company’s prospects.

Here’s The Hot Corner, with data from October 15, 2024: