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:

Adding to the activity, GIC Private Ltd., Singapore's sovereign wealth fund, disclosed an initial 5.66% stake in Paymentus Holdings $PAY in a schedule 13G.

Last but not least, we witnessed insider activity in PBF Energy $PBF, Matador Resources Company $MTDR and Biglari Holdings Inc $BH.

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:

Kevin Tang, President of Tang Capital Management, filed a Form 4 revealing a $10,822,000 purchase in Aurinia Pharmaceuticals Inc $AUPH.

Last but not least, the CEOs of MSCI Inc $MSCI and Biglari Holdings Inc $BH both filed Form 4s, revealing purchases of their own stock.

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:

In another Form 4, director Jeffrey C. Campbell, who is also the CFO of American Express, bought 6,000 shares of Marathon Petroleum Corportion $MPC for $149.60, a total purchase of $897,642.

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:

In another Form 4, director Dirk J. Debbink bought 1,000 shares, equivalent to $157,188 in Cincinnati Financial Corporation $CINF.

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:

HHLR Advisors Ltd has increased its stake in BeiGene $BGNE from 5.30% to 9.00%, as disclosed in a recent 13G filing. BGNE is now Hillhouse’s largest holding.

The hedge fund...

Today's note is brief.

For the second day in a row, M. Grier Eliasek, President and COO of Prospect Capital Corporation $PSEC, disclosed a significant insider buy – 210,000 shares, totaling $1,010,058.

Here’s The Hot Corner, with data from December 3, 2024:

These c-suite leaders typically have the most insight into the business's health and prospects, making their investments worth paying extra attention to.

Today's standout insider transaction is a Form 4 filing from Carlos Slim's Control Empresarial de Capitales S.A., which added another 604,000 shares of PBF Energy Inc $PBF to its position.

Meanwhile, the chief operating officer of Prospect Capital Corporation $PSEC stepped up with a $1 million buy, following the CEO’s notable purchase in the last two weeks.

Here’s The Hot Corner, with data from December 2, 2024:

Newmont Corp $NEM director Harry M. Conger IV recently picked up 9,498 shares of the company’s common stock.

It's always good to see heavyweights in the gold mining space get the attention of excecutives.

Last but not least, Rep. Jonathan Jackson of Illinois...

Today’s insider transactions feature a couple of power moves worth noting.

First up, Sardar Biglari, the founder, chairman, and CEO of Biglari Holdings Inc $BH, reported a significant insider buy of $1 million via a Form 4 filing. 

Biglari is known for his hands-on leadership and calculated investments, making this a bold vote of confidence in his company’s outlook.

Biglari now owns about $26.5 million worth of class A common stock.

Meanwhile, over at retail giant Walmart Inc $WMT, director Robert Edward Moritz Jr. scooped up 5,446 shares worth nearly $500,000.

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

Over at OPKO Health $OPK, the chairman and CEO doubled down with a personal purchase of $305,376. Dr. Phillip Frost is a serial inside buyer, so we won’t make much of this specific purchase.

Last but not least, director...

The standout insider transaction of the day comes from Carlos Slim's investment company, Control Empresarial de Capitales S.A.

In another big move, the billionaire's firm revealed an $8.7 million purchase of PBF Energy $PBF shares via a Form 4 filing. 

When one of the world's richest men starts putting serious money to work, it's a signal worth watching closely.

Slim and Control Empresarial have been accumulating shares in PBF all year.

Here’s The Hot Corner, with data from November 27, 2024:

In another Form 4, the chairman and CEO of Truist Financial Corporation $TFC, William Rogers Jr, revealed an acquisition of 34,180 shares, equivalent to $1.6 million.

And do you remember all the insider buying in solar stocks recently?

The most notable insider transaction today is revealed in a Form 4 filing by John F. Barry, CEO of Prospect Capital Corporation $PSEC.

Barry revealed an additional purchase of PSEC shares with a total value of $4.7 million.

After a 50% drawdown in recent years, PSEC pays a sky-high 11.4% dividend. The company announced its first cut since 2017 just a few weeks ago, causing a 20% selloff in the stock. 

PSEC has established a tradable low and rebounded in the weeks since, and now the CEO is stepping in with $13 million in share purchases.

It sure looks like brighter days are ahead for this battered financial stock.

Another CEO on today's list is Gregory S. Daily of i3 Verticals $IIIV. The chief executive just reported a purchase of 88,544 shares worth $2.1 million, underscoring significant confidence in...

The most notable insider transaction today is revealed in a Form 4 filing by James Mikolaichik, the new CFO and Treasurer of United Parks & Resorts $PRKS. 

Mikolaichik purchased 34,000 shares at $57.29 per, a total investment of $1.94 million.

CFOs are the insiders to watch – they know the numbers, from revenue trends to cost structures. 

James Mikolaichik is no exception. With a proven track record in the travel and leisure industry as CFO at MyEyeDr. and Diamond Resorts, he brings the kind of expertise that catches our attention.

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

In another Form 4, the CEO of Prospect Capital Corporation $PSEC revealed a purchase of $4.6 million.

Last but not least, director Joan Amble acquired 2,000 shares of Booz Allen Hamilton Holding Corporation $BAH, for a total amount of $294,260.

Director Michael J. Angelakis, CEO of the investment company Atairos Group, and former CFO of Comcast, has acquired 3,465,000 shares of Clarivate Plc $CLVT.

We always take note when executives with a CFO background make significant insider purchases, as their financial insight provides us some of the best Hot Corner buy signals.  

The co-founder and vice chairman of Oscar Health $OSCR reported a purchase of $3.1 million of his own stock in a recent Form 4.

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

RA Capital Management filed a 13G for Arcellx Inc $ACLX revealing an initial stake of 5.20%.

RA Capital's expertise is particularly recognized in the biotech space, where they help companies move from concept to commercialization, making them influential in driving value in the life sciences industry.

The firm's top holdings are Ascendis Pharma $ASND, Vaxcyte $PCVX...