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Hot Corner Insider

Buffett and Berkshire Are Buying OXY, SIRI, and VRNS

December 20, 2024

Uncle Warren is back in the buying game.

When Warren Buffett and Berkshire Hathaway start buying, it’s time to sit up and take notice. 

The Oracle of Omaha has returned to the open market with three intriguing purchases. Let’s dive into them.

First up, Occidental Petroleum $OXY. After a six-month hiatus, Buffett is back, snapping up shares. This marks the 29th Form 4 filing for OXY since he began building his position in early 2022. 

Berkshire shelled out $400 million this time, bringing Buffett’s average purchase price to $54.02. 

Here’s a chart highlighting the timing of Buffett’s $OXY purchases:

Hot Corner Insider

CEO Emanuel Reveals a $77 Million TKO Purchase

December 19, 2024

Leading today’s list is Ariel Emanuel, CEO of TKO Group Holdings $TKO, making waves with an eye-popping $77 million purchase. 

When a CEO drops this kind of cash on their own stock, it screams confidence in the company’s future.

Kenneth Courtis, independent director of Alpha Metallurgical Resources $AMR, followed suit with a hefty $2.4 million buy. Insider moves like this often hint at good things to come, or at least an upward move in the stock.

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

Hot Corner Insider

Baker Bros Ups Its BCYC Stake to 22.9%

December 18, 2024

Baker Bros Advisors, renowned for their biotech expertise, increased their stake in Bicycle Therapeutics $BCYC from 19.76% to 22.90%, as disclosed in a 13D filing. 

This signals strong confidence in the company's prospects, likely tied to its innovative "Bicycles" platform for developing novel therapies. 

Given the Bakers' track record, their investment is a notable endorsement of Bicycle Therapeutics' potential. 

In essence, when the Bakers buy, biotech investors pay attention.

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

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A SOFI Executive Snaps Up 30,599 Shares

December 17, 2024

The standout insider move today comes from Eric Schuppenhauer, an executive VP at SoFi Technologies $SOFI.

Schuppenhauer made a bold statement by purchasing 30,599 SOFI shares—an investment worth $500,000.

This adds weight to the vision of CEO Anthony Noto, who demonstrated his confidence with $10 million in insider buys between March 2022 and May 2024.

The stock has officially left the station, completing a classic bottoming formation and now surging higher with authority:

Hot Corner Insider

Director Durban Discloses a $48 Million TKO Purchase

December 16, 2024

The largest insider buy on today’s list comes via a Form 4 filing by TKO Group $TKO director Egon Durban.

Durban revealed a massive purchase of TKO shares for a total value of $48,133,338.

Durban currently serves as CEO of Silver Lake and is the chairman of Endeavor Group, the majority shareholder of TKO.

Stellantis is back with another large investment in Archer Aviation Inc $ACHR.

The automaker just revealed the acquisition of 751,879 shares, equivalent to $5 million.

Here’s The Hot Corner, with data from December 13, 2024:

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CIO Macdowell Reports a Million-Dollar CIM Purchase

December 13, 2024

Jack L. Macdowell, chief investment officer of Chimera Investment Corporation $CIM, acquired $998,580 worth of CIM shares.

Kevin M. Sheehan, Interim CEO of Dave & Buster's Entertainment $PLAY, purchased 37,735 shares.

Here’s The Hot Corner, with data from December 12, 2024:

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CEO Frost Buys 500,000 OPK Shares

December 12, 2024

OPKO Health $OPK CEO Phillip Frost just put his money where his mouth is, snapping up 500,000 of OPK shares at $1.56 each.

Remember, executives sell for many reasons. But they only buy because they believe in their company and think it will have a higher stock price in the future.

Frost is clearly placing his chips on OPKO’s future.

Here’s The Hot Corner, with data from December 11, 2024:

Hot Corner Insider

ARK Raises Its CRISPR Therapeutics Stake to 10.69%

December 11, 2024

ARK Investment Management is making waves with its latest move.

In a recent 13G filing, Cathie Wood and her team increased their stake in CRISPR Therapeutics AG $CRSP from 8.78% to 10.69%.

This move makes CRSP the fifth largest holding in ARK’s portfolio, highlighting their strong belief in the company and its groundbreaking work in gene editing.

Every time ARK Investment Management makes a move, it’s worth paying attention – and their latest activity is no exception.

Here’s The Hot Corner, with data from December 10, 2024:

Hot Corner Insider

Director Schroeder Reports a $60 Million RVMD Purchase

December 10, 2024

Thilo Schroeder, director of Revolution Medicines $RVMD and managing member of Nextech Invest, made waves with a $60 million insider buy, acquiring 1.3 million shares.

Nextech, known for investing in cutting-edge life sciences companies, often backs transformative players in oncology. 

Schroeder's move underscores his confidence in RVMD’s potential.

Here’s The Hot Corner, with data from December 9, 2024:

Hot Corner Insider

Control Empresarial Raises Its PBF Stake to 24.2%

December 9, 2024

Control Empresarial de Capitales SA is at it again! 

The Mexican investment giant just dropped $9.25 million on more shares of PBF Energy Inc $PBF, pushing its ownership stake to a hefty 24.20%.

What’s noteworthy is that Control Empresarial continues to build its position in PBF despite the stock’s current trend being far from ideal. 

This move highlights Control Empresarial’s strong conviction and a clear long-term focus.

Here’s The Hot Corner, with data from December 6, 2024:

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The CEO and the CFO Are Buying DMLP Shares

December 6, 2024

The most significant transaction on today's list comes in a Form 4 filing featuring both the CEO and the CFO of Dorchester Minerals $DMLP. 

Together, they purchased almost $1 million worth of their own company's stock. 

When two top executives with the deepest insight into the company’s operations and financial health simultaneously make significant insider purchases, it indicates the stock is undervalued or that upcoming developments could positively impact the performance.

Here’s The Hot Corner, with data from December 5, 2024:

Hot Corner Insider

CEO Stone Reports a $1 Million ALLE Purchase

December 5, 2024

The most notable insider transaction today is a Form 4 filing by John H. Stone, President and CEO of Allegion plc $ALLE. 

Stone purchased 7,500 ALLE shares, totaling $1 million.

Meanwhile, Sardar Biglari, CEO and founder of Biglari Holdings Inc $BH, reported an additional purchase of BH shares valued at $1,499,970.

While CEO buys aren’t necessarily signals for immediate action, such transactions often reflect strong confidence in a company’s future and can serve as a supportive factor for long-term bullish trends.

Here’s The Hot Corner, with data from December 4, 2024: