Abrams Capital Reports a $10.6 Million $ABG Buy

Every day, we sift through the filings to spot where the real conviction lies – cutting through the noise to highlight the most meaningful insider moves.

Here's what stood out today:

📌 Asbury Automotive $ABG – Abrams Capital just stepped in with a $10.6 million buy.

That’s a massive vote of confidence from a legendary value investor.

📌 UPS $UPS – Director and CEO Carol Tomé bought $1.4 million worth of stock.

That’s one way to say “I still believe.”

Amid FedEx-UPS headwinds and global logistics uncertainty, this is a bold move from the top, especially as shares trade at levels not seen since the COVID lows.

Here’s The Hot Corner, with data from August 1, 2025:

Click the table to enlarge it.

📌 Align Technology $ALGN – Dual exec buy totaling $1 million. The CEO and Chief Legal Officer just made coordinated buys. 

Conviction at the top – always worth watching, more so for stocks looking to complete massive multi-year distribution patterns. 

📌 Marsh & McLennan $MMC – Director Anthony Anderson disclosed a $202,000 purchase.

Quiet but steady. One of the more boring stocks on this list—but boring makes money. 

While the short-to-medium term trends had turned bearish, the primary trend going back to the Global Financial Crisis lows is unquestionably bullish.