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Steve Strazza

Control Empresarial Buys a Million More PBF Shares

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:

241018_hot_corner_table

Perceptive Advisors filed a 13D for Immatics N.V. $IMTX revealing an increase in ownership from 6.75% to 7.90%.

Last but not least, Royce & Associates raised its ownership stake in SecureWorks Corp. $SCWX from 6.86% to 7.03%.

Have a great weekend. We'll be back on Monday with more insider activity.

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