Today’s most notable transaction comes from Warren Buffett’s Berkshire Hathaway, which purchased an additional $15.5 million in VeriSign $VRSN shares, increasing its ownership stake to 13.80%.
This transaction reflects confidence in VeriSign’s ability to maintain its leadership in internet security and stability while benefiting from long-term digital growth trends.
Here’s The Hot Corner, with data from December 30, 2024:
Point72 Asset Management filed a 13G for StoneCo Ltd $STNE revealing an initial 13G for 5.10% stake.
Jay Monroe, executive chairman of the board of directors of Globalstar Inc $GSAT revealed a purchase of 1,500,000 shares.
Prospect Capital Corporation $PSEC CEO John F. Barry III made another splash, this time with a massive $8.58 million buy. He reported this 2,000,000 share purchase in a Form 4 filing on Friday.
When the top exec puts this kind of skin in the game, it’s time to sit up and pay attention.
Here’s The Hot Corner, with data from December 27, 2024:
And that’s not all! Hedge fund heavyweight EcoR1 Capital LLC is doubling down on biotech.
The firm added $1.8 million worth of Zymeworks Inc $ZYME to its portfolio, upping its stake to 21.5%. ZYME is now EcoR1’s fifth-largest holding.
Today’s standout insider activity features some intriguing moves across key players.
Director Neil de Crescenzo made waves with a Form 4 filing, snapping up 100,000 shares of CCC Intelligent Solutions Holdings $CCCS—a significant bet on the company’s future.
Meanwhile, at Ardelyx $ARDX, director David Mott—on the board since 2009—dropped a cool $1 million on shares, a bold show of conviction.
Here’s The Hot Corner, with data from December 23, 2024:
Over at Arthur J. Gallagher & Co $AJG, the COO joined the action, purchasing 1,115 shares—a subtle but telling vote of confidence from the executive suite.
Rounding out the action, insider buying also surfaced at Lowe’s Companies $LOW, The Lovesac Company $LOVE, and FB Financial Corporation $FBK, hinting at optimism in a diverse set of industries.
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:
Next, Sirius XM Holdings $SIRI. Berkshire stepped in with a $107.2 million investment in the satellite radio giant.
He now owns 117,468,573 shares, equivalent to 34.6% stake.
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:
ConocoPhillips $COP saw action too, as director R.A. Walker scooped up 10,400 shares in the latest Form 4 filing.
But that’s not all. The president and CEO of 3D Systems Corporation $DDD, Jeffrey Graves, doubled down with a bold move, snapping up 60,000 shares of his own company’s stock.
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:
Two notable insider purchases were disclosed via Form 4 filings in the energy sector:
PBF Energy Inc $PBF: Control Empresarial de Capitales SA reported a purchase, adding $5,357,162 to its current position.
Diamondback Energy $FANG: Director Steven West also disclosed buying shares for $975,960.
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:
Director David B. Smith, Jr. bought 635 shares of Illinois Tool Works $ITW, equivalent to $174,752.