Notice: The Unusual Activity report is provided for informational and educational purposes only and is not intended to be used as a stock-picking service or as financial advice. The charts and accompanying research are designed to support your analysis, serving as indicators rather than direct recommendations to buy or sell any security. The creator assumes no responsibility for actions taken by readers and strongly encourages individuals to fully understand the associated risks and potential outcomes before making investment decisions. Please note that any charts and/or information are intended to aid in research and should not be considered a definitive part of your personal trading strategy. Not all charts will lead to actionable buy or sell signals at any given time. Individuals should consider consulting a qualified financial advisor before making any investment decisions.

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Unusual Activity Report

This daily report focuses on three key components that can lead to market momentum: unusual options activity, insider buying, and institutional sponsorship. By scanning for these signals each day, we uncover potential stock movements driven by notable trades, insider transactions, and institutional investments. Using advanced algorithms and proprietary research methods, we sift through vast amounts of data to identify unique opportunities, offering timely insights highlighting emerging market momentum.

Disclaimer: All data and information presented in this report are sourced from publicly available materials intended for informational purposes only. The content is not a recommendation to buy or sell securities and should not be relied upon as financial advice. Readers are encouraged to conduct their own research before making any investment decisions.

Standout Options Trades

This section highlights notable options trades reflecting significant sentiment—bullish, bearish, or mixed—characterized by high-dollar-value transactions or large trade sizes exceeding prior open interest. When open interest rises from the previous day, it often indicates the creation of new positions rather than the closing of existing ones, suggesting a fresh outlook on the underlying stock or ETF.

For instance, call buying generally signals an expectation of upward movement, while selling calls suggest the trader anticipates the price will stay below a certain level. Put selling reflects confidence that the price will hold above the strike, implying stability. In contrast, put buying may reveal a bearish outlook or serve as a hedge against a larger bullish position elsewhere.

This report highlights large, unusual options trades identified for their size and potential impact, representing individual sentiment rather than broad market consensus. These trades are informational and are not intended as buy or sell signals. They reflect noteworthy activity observed during the trading day and should be viewed as one part of a broader analysis.

Options Flow Analysis: Trading Day 2025-7-11

The following analysis focuses on the Stock Options Flow Leaderboard for the trading day 2025-7-11. Each section highlights significant institutional activity, providing sentiment, key observations, and market expectations based on the data. All numbers represent large block trades likely executed by institutional players, not total-market figures.

Note: This report highlights institutional block option flow based on net premium. Strike prices and expiration dates are not available with block data.

Amazon.com (AMZN)
Sentiment: Bullish
Options Activity: Strong call buying led the flow, with over $25 million in premium paid for calls against only $6 million collected from calls sold. On the put side, the amount of premium collected from puts sold slightly exceeded that paid for puts bought, adding to the bullish tone.
Total Values: $25,369,316 calls bought, $6,039,680 calls sold, $1,190,941 puts bought, $1,382,454 puts sold
Analysis: The aggressive call buying and modest put selling indicate institutional investors are positioning for continued upside in Amazon shares.

SharpLink Gaming (SBET)
Sentiment: Bullish
Options Activity: Call premium bought reached nearly $7 million while a significant $6.1 million in puts were sold.
Total Values: $6,966,241 calls bought, $4,824,675 calls sold, $727,705 puts bought, $6,168,581 puts sold
Analysis: The heavy put selling reflects high confidence that price will hold above strike, while call buying reinforces a strong bullish outlook.

MicroStrategy (MSTR)
Sentiment: Bullish
Options Activity: $12.3 million in calls were bought compared to just $4.3 million sold. Additionally, $1.6 million in puts were sold.
Total Values: $12,366,906 calls bought, $4,331,655 calls sold, $4,499,039 puts bought, $1,630,961 puts sold
Analysis: Net inflows and put selling suggest institutions are accumulating upside exposure while still hedging modestly, reflecting directional bullishness with some risk awareness.

Advanced Micro Devices (AMD)
Sentiment: Bullish
Options Activity: $11.4 million in call premium bought with nearly $2.1 million collected from puts sold.
Total Values: $11,426,568 calls bought, $8,051,612 calls sold, $1,975,373 puts bought, $2,103,400 puts sold
Analysis: Net positive flows and premium collected from put selling support a bullish outlook for AMD, with institutions appearing confident in price stability.

The Kraft Heinz Company (KHC)
Sentiment: Bullish
Options Activity: Despite modest call premium activity, nearly $2.9 million in puts were sold, collecting substantial premium.
Total Values: $591,074 calls bought, $167,384 calls sold, $1,935 puts bought, $2,880,926 puts sold
Analysis: The dominant put selling indicates high confidence from institutions that KHC will remain above key levels.

Robinhood Markets (HOOD)
Sentiment: Bullish
Options Activity: Institutions paid over $10.7 million for calls while collecting $5 million in put premium.
Total Values: $10,755,709 calls bought, $8,335,746 calls sold, $4,179,191 puts bought, $5,031,546 puts sold
Analysis: Put selling and net call buying reinforce a bullish stance, signaling expectations of continued upside.

The AES Corporation (AES)
Sentiment: Bullish
Options Activity: $3.2 million in call premium bought, with low call selling and no put activity.
Total Values: $3,218,704 calls bought, $524,114 calls sold
Analysis: The strong call buying without hedging reflects directional conviction in AES upside.

AST SpaceMobile (ASTS)
Sentiment: Bullish
Options Activity: $2.9 million in calls bought, while institutions also collected over $625,000 from put selling.
Total Values: $2,936,701 calls bought, $857,216 calls sold, $36,534 puts bought, $625,958 puts sold
Analysis: Steady accumulation of upside exposure coupled with bullish put selling shows institutional confidence.

The Clorox Company (CLX)
Sentiment: Bullish
Options Activity: $2.3 million in puts sold with no other notable flow
Total Values: $2,329,000 puts sold
Analysis: High-dollar put selling with no offsetting bearish activity reflects firm belief in price holding steady or rising.

Micron Technology (MU)
Sentiment: Bullish
Options Activity: Nearly $2.3 million spent on calls vs $684K in puts sold
Total Values: $2,299,571 calls bought, $559,502 calls sold, $100,742 puts bought, $684,250 puts sold
Analysis: Net bullish flow supported by solid put selling reinforces upward expectations.

CleanSpark (CLSK)
Sentiment: Bullish
Options Activity: Institutions bought over $2.3 million in call premium and sold over $635,000 in puts.
Total Values: $2,308,462 calls bought, $748,949 calls sold, $297,000 puts bought, $635,076 puts sold
Analysis: The combination of strong call interest and bullish put selling shows directional bias toward the upside.

NIO Inc. (NIO)
Sentiment: Bullish
Options Activity: Call premium inflows exceeded $3.3 million while put premium collected outweighed that spent.
Total Values: $3,338,253 calls bought, $1,783,163 calls sold, $95,066 puts bought, $145,870 puts sold
Analysis: Bullish bias is evident through the strong call activity and willingness to sell puts, suggesting expectations of stabilization or rally.

CSX Corporation (CSX)
Sentiment: Bullish
Options Activity: $2.2 million in call premium bought with minimal selling
Total Values: $2,276,312 calls bought, $712,596 calls sold
Analysis: Heavy upside positioning with little downside hedging reflects bullish institutional sentiment.

McDonald’s Corporation (MCD)
Sentiment: Bullish
Options Activity: Calls dominated flow, and additional put selling added bullish tone
Total Values: $1,566,656 calls bought, $272,128 calls sold, $25,024 puts bought, $263,700 puts sold
Analysis: Institutions continue to express confidence in MCD with strategic call exposure and bullish put positioning.

Vertiv Holdings (VRT)
Sentiment: Bullish
Options Activity: Focused entirely on call buying
Total Values: $1,525,452 calls bought
Analysis: Pure directional bet to the upside with no visible hedging.

Dollar Tree (DLTR)
Sentiment: Bullish
Options Activity: Institutions collected $1.2 million in put premium despite light activity elsewhere
Total Values: $177,025 calls bought, $80,342 puts bought, $1,200,000 puts sold
Analysis: Large-scale put selling points to high confidence in price stability.

iShares Ethereum Trust (ETHA)
Sentiment: Bullish
Options Activity: Institutions bought $4.5 million in call premium and sold nearly $2.5 million in puts
Total Values: $4,547,370 calls bought, $3,117,042 calls sold, $25,860 puts bought, $2,471,971 puts sold
Analysis: Strong call activity and confident put selling reflect bullish positioning tied to Ethereum upside.

iShares Silver Trust (SLV)
Sentiment: Bullish
Options Activity: $31 million in calls bought and $2.3 million in puts sold
Total Values: $31,024,862 calls bought, $26,319,832 calls sold, $3,597,652 puts bought, $2,363,228 puts sold
Analysis: While some calls were sold, large-scale call buying and put selling align with a bullish outlook on silver.

Grayscale Ethereum Mini Trust ETF (ETH)
Sentiment: Bullish
Options Activity: Pure call buying
Total Values: $481,275 calls bought
Analysis: Small but clear bullish signal with no offsetting flow.

Talen Energy (TLN)
Sentiment: Bullish
Options Activity: Pure call buying
Total Values: $493,500 calls bought
Analysis: Light activity but bullish positioning

EQT Corporation (EQT)
Sentiment: Bullish
Options Activity: Pure call buying
Total Values: $456,561 calls bought
Analysis: Directional upside exposure with no hedge or offset

Important Note: The numbers above only represent aggregate figures of large block trades made by institutions. They are not total-market figures and should not be interpreted as such.

Individual Options Trades: Trading Day 2025-7-11

This section focuses on unusual trades that stand out on an individual basis. These trades are highlighted for their distinctiveness, reflecting significant activity that diverges from typical market behavior.

TMQ (TRILOGY METALS INC.)
Sentiment: Bullish
Options Activity: Multiple call buys for the September 19, 2025 expiry at the $2 strike, all above spot price of $1.64–$1.695
Total Values: $67,235 in premium paid
Strike Price: $2
Analysis: The repeated call buying with over two months until expiration reflects optimism for a rebound above $2, despite the current spot price below that level.

SBET (SHARPLINK GAMING LTD.)
Sentiment: Bullish
Options Activity: Heavy put selling for January 16, 2026 at the $25 strike, with the stock trading between $13.84 and $21.48. Also, large-scale call buying for August and October expiries at strikes from $15 to $33.
Total Values: Over $7.4 million in premium collected from puts; over $1.9 million in call premium paid
Strike Price: $25 puts sold; $15 to $33 calls bought
Analysis: Substantial premium was collected through deep out-of-the-money put selling, reflecting strong confidence that the stock will remain above these strikes. The aggressive call buying suggests positioning for upside continuation.

SLV (ISHARES SILVER TRUST)
Sentiment: Bullish
Options Activity: Call buying concentrated at the $35 and $38 strikes, mostly for October and November expirations
Total Values: Over $1.4 million in premium paid
Strike Price: $35 and $38
Analysis: The large call buying activity near the current spot price of $35.005 suggests bullish expectations for silver to break higher into late 2025.

ETHA (ETHEREUM ETF – DEFANCE)
Sentiment: Bullish
Options Activity: Heavy call buying and substantial put selling across multiple expirations, especially September 19, 2025. Calls targeted $25–$27 strikes while puts sold were mostly $31–$35.
Total Values: Over $2.1 million in call premium paid; over $2.1 million in premium collected from puts
Strike Price: $25–$27 calls; $31–$35 puts sold
Analysis: The simultaneous aggressive call buying and high-dollar-value put selling suggest strong positioning for a rise in ETHA, with traders betting the ETF holds above $31 and rallies toward $27+.

SILJ (ETFMG PRIME JUNIOR SILVER MINERS ETF)
Sentiment: Bullish
Options Activity: Consistent call buying on the August 15, 2025 expiration at strikes between $15 and $16
Total Values: Over $780,000 in premium paid
Strike Price: $15–$16
Analysis: The repeated buying of slightly out-of-the-money calls reflects bullish sentiment on junior silver miners, with expectations of near-term strength.

CSX (CSX CORP.)
Sentiment: Bullish
Options Activity: Heavy call buying across both August 15 and September 19 expiries, with notable size at the $35 and $37.5 strikes
Total Values: Over $2 million in premium paid
Strike Price: $35 and $37.5
Analysis: This concentrated call flow at levels just above spot ($34.01–$34.50) suggests bullish speculation on a continued rail stock rally into late summer.

VNET (21VIANET GROUP INC.)
Sentiment: Bullish
Options Activity: Call buying for both August 15 and September 19 expirations at the $8 strike
Total Values: Over $570,000 in premium paid
Strike Price: $8
Analysis: The strike is well above the spot price of $7.30–$7.84, signaling speculative bullish positioning with a near-term and medium-term horizon.

PSEC (PROSPECT CAPITAL CORPORATION)
Sentiment: Bullish
Options Activity: Heavy put selling for the November 21, 2025 expiry at the $4 strike, well below the $3.32 spot
Total Values: Over $700,000 in premium collected
Strike Price: $4
Analysis: The strike is substantially above current spot, and the size of the position suggests high confidence the stock will stay above $4, indicating a bullish outlook.

CLF (CLEVELAND-CLIFFS INC.)
Sentiment: Bullish
Options Activity: Broad-based call buying across all expirations and strikes, along with deep out-of-the-money put selling for December 2025
Total Values: Over $450,000 in premium paid on calls; over $400,000 collected via puts
Strike Price: $9.5–$20 calls; $8–$9 puts sold
Analysis: The balance of speculative call buying and confident put selling shows a clear bullish outlook, positioning for a breakout while expecting support to hold well above current spot ($9.78–$9.83).

AGEN (AGENUS INC.)
Sentiment: Bullish
Options Activity: Repeated call buying for the August 15, 2025 expiry at the $6–$7.25 strike range
Total Values: $140,000 in premium paid
Strike Price: $6–$7.25
Analysis: These deeply out-of-the-money calls indicate speculative bullish bets, with expectations of a sharp upside move from the current spot of $7.12.

EGO (ELDORADO GOLD CORP.)
Sentiment: Bullish
Options Activity: Significant call buying for both October 17, 2025 and January 16, 2026 expirations at the $15 strike
Total Values: $890,500 in premium paid
Strike Price: $15
Analysis: The call buying with strikes well below current spot ($20.21–$20.44) reflects strong confidence in continued upside and serves as a potential hedge or speculative leverage on gold prices.

Insider Transactions

Each day, insider transactions provide insights into the movements of key executives and shareholders within various companies. These transactions can signal confidence in future performance or a need to liquidate holdings. Today’s report identified the most significant insider purchases and sales, highlighting influential figures and companies that made notable moves.  Let’s take a look at some of today’s standout transactions.

US Insider Purchases

Shenandoah Telecommunications Co (SHEN)
Buyer: ECP Fiber Holdings GP, LLC (Large shareholder)
Shares Purchased: 16,943 (+0.6%)
Price: USD 14.89
Total Value: USD 252,339

Greif Inc (GEF)
Buyer: Sathyanarayanan Bala (EVP, Chief Human Resources Off)
Shares Purchased: 109 (+2.4%)
Price: USD 71.50
Total Value: USD 7,794

US Insider Sales

Acushnet Holdings Corp (GOLF)
Seller: Misto Holdings Corp. (Non-Executive Director Large shareholder)
Shares Sold: 953,406 (-3.1%)
Price: USD 65.56
Total Value: USD 62,508,444

Paychex Inc (PAYX)
Seller: Mucci Martin (Chairman)
Shares Sold: 97,526 (-17.9%)
Price: USD 145.17
Total Value: USD 14,157,849

Snowflake Inc. (SNOW)
Seller: Dageville Benoit (President of Products)
Shares Sold: 25,000 (-30.0%)
Price: USD 221.83
Total Value: USD 5,545,750

Carvana Co (CVNA)
Seller: Garcia Ernest C. II (Large shareholder)
Shares Sold: 91,572 (Multiple transactions; significant reductions)
Price: USD 346.38 – 357.21
Total Value: USD 33,783,663

Global Net Lease Inc (GNL)
Seller: Weil Edward M Jr. (CEO, President)
Shares Sold: 150,000 (-20.4%)
Price: USD 7.61
Total Value: USD 1,141,500

HB Fuller Co (FUL)
Seller: Martsching Robert J (VP, Corporate Controller)
Shares Sold: 9,546 (-38.9%)
Price: USD 64.30
Total Value: USD 613,852

Lennox International Inc (LII)
Seller: Norris John W III (Non-Executive Director)
Shares Sold: 3,190 (Multiple transactions)
Price: USD 613.13 – 615.01
Total Value: USD 1,957,772

Dick’s Sporting Goods Inc (DKS)
Seller: Gupta Navdeep (EVP, Chief Financial Officer)
Shares Sold: 9,303 (-9.6%)
Price: USD 215.00
Total Value: USD 2,000,145

Steelcase Inc (SCS)
Seller: Krestakos Robert G (VP, Chief Operations Officer)
Shares Sold: 12,000 (-8.6%)
Price: USD 10.63
Total Value: USD 127,546

Photronics Inc (PLAB)
Seller: Tyson Mitchell G (Non-Executive Director)
Shares Sold: 15,000 (-20.9%)
Price: USD 19.97
Total Value: USD 299,550

Greenbrier Companies Inc (GBX)
Seller: Felton Wanda F (Non-Executive Director)
Shares Sold: 3,652 (-54.9%)
Price: USD 54.31
Total Value: USD 198,341

UiPath Inc (PATH)
Seller: Dines Daniel (CEO and Chairman)
Shares Sold: 45,000 (-0.9%)
Price: USD 12.71
Total Value: USD 572,094

Doximity Inc (DOCS)
Seller: Benjamin Regina M. (Non-Executive Director)
Shares Sold: 5,000 (-23.1%)
Price: USD 60.04
Total Value: USD 300,200

Krystal Biotech Inc (KRYS)
Seller: Krishnan Suma (President, R&D)
Shares Sold: 13,727 (Multiple transactions; -0.4%)
Price: USD 150.22 – 151.39
Total Value: USD 1,086,329

Krystal Biotech Inc (KRYS)
Seller: Krishnan Krish S (President and CEO)
Shares Sold: 13,727 (Multiple transactions; -0.4%)
Price: USD 150.22 – 151.39
Total Value: USD 1,086,329

Procore Technologies Inc (PCOR)
Seller: Singer Benjamin C (Chief Legal Officer; Secretary)
Shares Sold: 4,500 (-4.4%)
Price: USD 75.00
Total Value: USD 337,500

Waystar Holding Corp (WAY)
Seller: Schremser Christopher L. (Chief Technology Officer)
Shares Sold: 8,623 (-1.9%)
Price: USD 37.63
Total Value: USD 324,462

MSC Industrial Direct Co Inc (MSM)
Seller: Shacklett Kimberly (SVP, Sales & Customer Success)
Shares Sold: 2,130 (-12.7%)
Price: USD 92.00
Total Value: USD 195,960

Nuvalent Inc (NUVL)
Seller: Pelish Henry E. (Chief Scientific Officer)
Shares Sold: 5,500 (Multiple transactions)
Price: USD 79.94 – 80.92
Total Value: USD 439,905

Ligand Pharmaceuticals Inc (LGND)
Seller: Kozarich John W (Non-Executive Director)
Shares Sold: 934 (-2.0%)
Price: USD 125.00
Total Value: USD 116,750

Garrett Motion Inc (GTX)
Seller: Cyrus Capital Partners, L.P. (Large shareholder)
Shares Sold: 150,896 (-0.7%)
Price: USD 11.50
Total Value: USD 1,735,847

CDN Insider Purchases

Whitecap Resources Inc (WCP)
Buyer: Fagerheim, Grant Bradley (Director of Issuer, Senior Officer of Issuer)
Shares Purchased: 15,000 (+0.5%)
Price: CAD 9.43
Total Value: CAD 141,450

Vizsla Royalties Corp (VROY)
Buyer: Konnert, Michael (Director of Issuer)
Shares Purchased: 20,400 (+2.7%)
Price: CAD 2.49
Total Value: CAD 50,755

Sarama Resources Ltd (SWA)
Buyer: Seeley, Larry Edward (10% Security Holder of Issuer, Director of Issuer)
Shares Purchased: 10,745,002 (+46.2%)
Price: CAD 0.08
Total Value: CAD 805,875

Pasinex Resources Ltd (PSE)
Buyer: Seeley, Larry Edward (10% Security Holder of Issuer, Director of Issuer)
Shares Purchased: 480,000
Price: CAD 0.08
Total Value: CAD 36,000

Red Pine Exploration Inc (RPX)
Buyer: Murphy, Alice (Director of Issuer)
Shares Purchased: 500,000
Price: CAD 0.10
Total Value: CAD 50,000

Generation Mining Ltd (GENM)
Buyer: Levy, Jamie (Director of Issuer)
Shares Purchased: 172,500 (+2.5%)
Price: CAD 0.32
Total Value: CAD 54,338

Melcor Developments Ltd (MRD)
Buyer: Melton, Timothy Charles (10% Security Holder of Issuer, Director of Issuer, Senior Officer of Issuer)
Shares Purchased: 10,000 (+0.4%)
Price: CAD 14.00
Total Value: CAD 140,000

NG Energy International Corp (GASX)
Buyer: Fonseca Chaumer, Jorge (Senior Officer of Issuer)
Shares Purchased: 81,518 (+13.5%)
Price: CAD 0.97
Total Value: CAD 78,665

Sarama Resources Ltd (SWA)
Buyer: Schmiede, Paul Raymond Paul (Senior Officer of Issuer)
Shares Purchased: 833,333 (+8.1%)
Price: CAD 0.03
Total Value: CAD 25,000

McFarlane Lake Mining Ltd (MLM)
Buyer: Trevisiol, Mark Steven (10% Security Holder of Issuer, Director of Issuer, Senior Officer of Issuer)
Shares Purchased: 450,000 (+7.0%)
Price: CAD 0.06
Total Value: CAD 24,750

Gold Reserve Ltd.
Buyer: Camac Partners, LLC (10% Security Holder of Issuer)
Shares Purchased: 20,275 (+0.2%)
Price: USD 3.59
Total Value: USD 72,818

CDN Insider Sales

Xanadu Mines Ltd (XAM)
Seller: Zijin Mining Group Co., Ltd. (10% Security Holder of Issuer)
Shares Sold: 359,817,003
Price: CAD 0.07
Total Value: CAD 25,906,824

Zedcor Inc (ZDC)
Seller: Swanberg, Dean Sylvan (10% Security Holder of Issuer, Director of Issuer, Senior Officer of Issuer)
Shares Sold: 1,000,000 (-5.4%)
Price: CAD 4.15
Total Value: CAD 4,150,000

Zedcor Inc (ZDC)
Seller: Shillington, Dean Myles (Director of Issuer)
Shares Sold: 1,000,000 (Two transactions: -10.5%, -12.0%)
Price: CAD 4.15
Total Value: CAD 4,150,000

First Majestic Silver Corp (FR)
Seller: Deal, Michael Jarred (Senior Officer of Issuer)
Shares Sold: 20,625 (-39.1%)
Price: CAD 11.72
Total Value: CAD 241,688

Northern Dynasty Minerals Ltd (NDM)
Seller: Thomas, Trevor (Senior Officer of Issuer)
Shares Sold: 100,000 (-36.8%)
Price: CAD 2.45
Total Value: CAD 245,000

Pan American Silver Corp (PAAS)
Seller: Andrews, Matthew Robert (Senior Officer of Issuer)
Shares Sold: 2,000 (-5.1%)
Price: CAD 40.12
Total Value: CAD 80,236

NevGold Corp (NAU)
Seller: GoldMining Inc. (10% Security Holder of Issuer)
Shares Sold: 69,000 (Two transactions: -0.1%)
Price: CAD 0.32
Total Value: CAD 22,014

VersaBank (VBNK)
Seller: George, Patrick (Director or Senior Officer of 10% Security Holder)
Shares Sold: 14,800 (Multiple transactions: -1.9%)
Price: CAD 16.01 – 16.16
Total Value: CAD 237,342

First Majestic Silver Corp (FR)
Seller: Mercado, Gonzalo Ariel (Senior Officer of Issuer)
Shares Sold: 24,069
Price: CAD 11.61 – 11.63
Total Value: CAD 279,628

Data Communications Management Corp (DCM)
Seller: Cochrane, Gregory James (Director of Issuer)
Shares Sold: 20,000 (-1.7%)
Price: CAD 1.83
Total Value: CAD 36,644

Institutional Spotlight: July 11, 2025

Tracking Significant Equity Accumulation by Leading Asset Managers

Heightened Institutional Sponsorship Signals Strategic Positioning

The latest round of 13G and 13D filings reveals notable institutional positioning across a diverse range of sectors, underscoring a sharpened focus among asset managers on both value and growth opportunities.

Glenview Capital Management, led by Larry Robbins, reported a 5.35% stake in ZoomInfo Technologies (ZI), totaling 17,581,399 shares. This level of ownership reflects a firm belief in the company’s long-term prospects within the enterprise data and go-to-market intelligence space, particularly as artificial intelligence continues to influence B2B software dynamics.

In the apparel and consumer discretionary space, Pzena Investment Management, under the guidance of Richard Pzena, disclosed a substantial position in PVH Corp (PVH), acquiring 6,465,818 shares, equivalent to 13.40% ownership. The size of the stake suggests confidence in PVH’s ongoing margin recovery and operational leverage, particularly as it restructures and focuses on core brands like Calvin Klein and Tommy Hilfiger.

Activist and Deep-Value Accumulation Strategies Emerge

ValueAct Holdings, a firm known for constructive engagement, filed for an 8.90% stake in Rocket Companies (RKT), equating to 22,704,955 shares. The size and profile of this investment indicate potential for shareholder engagement as the firm evaluates RKT’s position in the mortgage lending ecosystem amid a shifting rate environment.

Growth-oriented investor Think Investments, led by Shashin Shah, made a bold move with a 19.80% stake in TaskUs Inc (TASK), totaling 3,734,665 shares. Such a concentrated position reflects conviction in TaskUs’s differentiated role in digital outsourcing and support for high-growth internet platforms.

Sector Diversification and Thematic Concentration

Pzena Investment Management also reported an 8.10% stake in Orion S.A. (OEC), representing 4,577,197 shares. This aligns with Pzena’s value strategy and belief in OEC’s performance materials platform during a broader cyclical rebound in industrials.

Kingdon Capital Management, under Mark Kingdon, disclosed a 5.10% stake in Jasper Therapeutics (JSPR) with 765,000 shares, signaling targeted exposure to early-stage biotech. In parallel, healthcare investor James Flynn of Flynn James E holds a 6.49% stake in Cogent Biosciences (COGT), reflecting high conviction in the company’s rare disease pipeline.

Wolverine Asset Management Intensifies SPAC Exposure

A key theme this filing period was Wolverine Asset Management LLC’s broad expansion into de-SPAC and blank-check company equity. The firm disclosed significant stakes across numerous vehicles, including:

• VACH – 2,492,418 shares (9.85% ownership)

• TDAC – 1,354,691 shares (7.85% ownership)

• SPKL – 902,388 shares (9.02% ownership)

• ASPC – 583,560 shares (8.90% ownership)

• MLAC – 1,553,458 shares (6.53% ownership)

• COLA, BSAAU, VCIC, AAM, and RFAI – each showing 5% to 6%+ ownership levels

This pattern indicates a deliberate accumulation strategy potentially aimed at merger arbitrage or repositioning for post-combination upside.

Additional High-Conviction Accumulation

Other standout disclosures include:

• Point72 Asset Management (Steve Cohen) acquiring 4,464,400 shares of Celldex Therapeutics (CLDX) for a 6.70% stake, signaling confidence in its immuno-oncology pipeline.

• Citadel Advisors (Kenneth Griffin) building a 5.30% position in Alignment Healthcare (ALHC) with 10,508,059 shares.

• Skylands Capital (Charles Paquelet) taking a 5.10% stake in The Joint Corp (JYNT), and

• Forager Capital Management disclosing a 6.50% stake in International Money Express (IMXI) through 194,600,174 shares, reflecting a deep commitment to the cross-border remittance and payments segment.

Conclusion

This week’s institutional activity reveals a strategic mixture of value investing, activist positioning, and speculative accumulation across early-stage biotech and de-SPAC equities. High-conviction buying by notable firms such as Pzena Investment Management, Glenview Capital, Think Investments, and Wolverine Asset Management suggests increasing confidence in select turnaround and innovation-led names. As these positions mature, the market will be closely watching for signs of activist involvement, operational turnarounds, or broader thematic plays that could unlock shareholder value.

Institutional Momentum Watchlists

(Stocks are sorted to highlight those with the strongest momentum at the time of the scan)

Welcome to the Institutional Momentum Watchlist, an exclusive feature for our members. This list highlights stocks that have recently caught the attention of institutional investors, either through new purchases or significant additions. These stocks are selected based on promising technical setups that suggest potential momentum. Our systematic approach filters for opportunities where institutional sponsorship aligns with favorable technical conditions, offering a unique edge in your trading strategy. Keep an eye on this watchlist as we update it each weekend with the latest insights from the market.

Click on the CandleGlance chart to view it in full size. Find a chart that matches your criteria or interests. You can easily save it to your watchlist on StockCharts.com for further analysis and tracking or copy and paste the ticker list into your chart provider.

US Institutional Momentum Watchlist

EXPORT – US – Institutional – 2025-07-11

UMAC, RCAT, NEXT, ATRO, SRFM, KTOS, HROW, LEVI, GRCE, LPTH, LMFA, TOI, VEON, VOR, ECX, HL, AG, NBY, RDW, ONDS, AAP, CDE, HYPD, CEP, PFGC, BDTX, FUTU, LEU, MRT, PDYN, GDS, ZVRA, BRRR, BTCW, FBTC, SMR, AMLX, THM, SLV, INBX, ASTS, USM, BP, TSHA, CYD, MUX, TBT, ASMB, LSF, FINV, EZPW, CEG, GROY, OVV, OHI, VTR, STRL, VVOS, UGL, TRVI, ANET, AZ, ETNB, PLNT, MNR, TPC, TAC, PRIM, STX, AGX, RDDT, LI, SA, CSX, DPRO, WDC, GRAB, TS, WELL, AMD, INSM, NVGS, GOOG, AES, GOOGL, ATI, CLS, TBF, CRDO, LENZ, AMZN, EME, SHLS, COGT, TIGO, TEL, NEUP, MU, HNRG, OKLO, GE, PENG, DAC, ASPI, EOG, TURN, FIX, HTGC, CIO, LTH

Canadian Institutional Momentum Watchlist

EXPORT – CDN – Institutional – 2025-07-11

SGD.V, NFG.V, ASM.TO, GGD.TO, SCR.TO, AG.TO, EDR.TO, PNE.TO, SVM.TO, ITH.TO, ODV.V, ONC.TO, PTM.TO, SLI.V, OLA.TO, USA.TO, OR.TO, GOOS.TO, URE.TO, KEL.TO, MTA.V, FVI.TO, SKE.TO, IAU.TO, PAAS.TO, AEP.V, TRX.TO, ARTG.V, ELBM.V, MAG.TO, TMQ.TO, LMN.V, LAR.TO, GTII.CA, ELD.TO, CCO.TO, ALS.TO, PTK.V, JOY.TO, BDI.TO, DPRO.CA, CVE.TO, IMO.TO, AGI.TO, TA.TO, DPM.TO, RCI/B.TO, SSRM.TO, SU.TO, SEA.TO, NG.TO, CG.TO, CEU.TO, CPX.TO, OBE.TO, DML.TO, NOU.V, MEG.TO, TFPM.TO, CLS.TO, K.TO, PEY.TO, ATZ.TO, NXE.TO, FURY.TO, WPM.TO, PPTA.TO, SII.TO, OGC.TO, GLXY.TO, SES.TO, CNQ.TO, CJ.TO, VLE.TO, GEI.TO, ABX.TO, EDV.TO, LUG.TO, BEI/UN.TO, BTE.TO, TOT.TO, ARIS.TO, FC.TO, EMA.TO, MI/UN.TO, ACQ.TO, FCR/UN.TO, DNG.TO, GWO.TO, POW\.TO, AP/UN.TO, LAC.TO, SSL.TO, REI/UN.TO, VET.TO, ALA.TO, ARG.TO, EMP/A.TO, NTR.TO, URC.TO, BDGI.TO, ENB.TO, FTS.TO, CFP.TO, SRU/UN.TO, DFY.TO, MFI.TO, FRU.TO, TVE.TO, ELVA.TO, NEO.TO, CTC/A.TO, PPL.TO, TPZ.TO, PKI.TO, TF.TO, IFC.TO, CIGI.TO, FTT.TO, TVK.TO, CHP/UN.TO, STN.TO

To conclude our report, we thank you for your engagement and insights. Your feedback is valuable, and we encourage you to share your recommendations. Stay attentive to the Daily Setups, the Workspace, and the Watchlists for emerging opportunities. Additionally, explore the PDFs of the scanner results provided in the Daily Setups report. Until next time, happy trading!