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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 2025-5-30

The following analysis focuses on the Stock Options Flow Leaderboard for the trading day 2025-5-30. 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.

NVIDIA Corporation (NVDA)
Sentiment: Bullish
Options Activity: Institutions purchased a substantial amount of call premium totaling $82.8 million while selling $69.1 million in calls. On the put side, $35.4 million was spent buying puts versus $74.2 million in puts sold, indicating premium was collected.
Total Values: Call Premium Bought: $82,797,279 — Put Premium Sold: $74,221,196
Expectations: The large put selling alongside high call buying suggests confidence that NVDA will hold or rise. Institutional players appear bullish, collecting premium from puts while betting on upside continuation.

Thermo Fisher Scientific Inc. (TMO)
Sentiment: Bullish
Options Activity: Heavy put selling at $43.7 million compared to only $13.9 million spent on put buying. No significant call activity was detected.
Total Values: Put Premium Sold: $43,720,400 — Put Premium Bought: $13,860,000
Expectations: The dominant put selling suggests institutional confidence in price stability or upside. Premium was collected, likely with strikes below the spot, signaling a bullish bias.

MicroStrategy Incorporated (MSTR)
Sentiment: Bullish
Options Activity: $59.4 million in call premium bought, outweighing $31.6 million sold. On the put side, a minor $2.2 million was spent versus $409K collected.
Total Values: Call Premium Bought: $59,368,239 — Net Premium: $26,021,939
Expectations: Strong call accumulation with minimal put exposure points to bullish conviction in further upside. Institutions are positioning for continued strength.

ONEOK, Inc. (OKE)
Sentiment: Bullish
Options Activity: Very light put buying ($137K) alongside a significant $25.4 million in put selling. No meaningful call activity.
Total Values: Put Premium Sold: $25,366,000
Expectations: The sizable put selling indicates bullish sentiment, with traders collecting premium and expecting price stability or upside.

Novo Nordisk (NVO)
Sentiment: Bullish
Options Activity: Small call activity was overshadowed by large-scale put selling ($23.8 million) versus minimal put buying ($1.4 million).
Total Values: Put Premium Sold: $23,782,506
Expectations: Institutions appear confident in NVO’s support, selling puts well below spot to collect premium. Bullish tone dominates.

Apple Inc. (AAPL)
Sentiment: Mixed
Options Activity: Moderate call buying at $10.7 million versus $8.8 million in call selling. On the put side, aggressive buying at $68.8 million was partially offset by $87.4 million in puts sold.
Total Values: Put Premium Sold: $87,385,276
Expectations: While some downside hedging exists, the dominance of put selling—likely below spot—suggests a lean toward bullish sentiment.

Tesla Inc. (TSLA)
Sentiment: Bullish
Options Activity: High levels of call buying ($53.6 million) alongside notable put selling ($35 million).
Total Values: Call Premium Bought: $53,608,056 — Put Premium Sold: $35,022,607
Expectations: Strong upside bets through calls and bullish put selling indicate institutional confidence in further gains.

McDonald’s Corporation (MCD)
Sentiment: Bullish
Options Activity: Heavy call buying of $43 million against $28 million in calls sold. No put activity registered.
Total Values: Call Premium Bought: $43,039,716
Expectations: Pure bullish expression with no put hedging. Suggests aggressive upside speculation.

PDD Holdings Inc. (PDD)
Sentiment: Bullish
Options Activity: Minor call activity, but the defining trade was $24.3 million in puts sold, collecting significant premium versus $9.3 million in puts bought.
Total Values: Put Premium Sold: $24,294,554
Expectations: Institutions are betting price holds, possibly selling far-out-of-the-money puts. Clear bullish undertone.

Palantir Technologies Inc. (PLTR)
Sentiment: Bullish
Options Activity: Heavy call buying ($43.5 million) with balanced put action—$12.6 million both bought and sold.
Total Values: Call Premium Bought: $43,523,639
Expectations: Call accumulation implies upside bias. Put activity neutralizes risk but does not override bullish intent.

Starbucks Corporation (SBUX)
Sentiment: Bullish
Options Activity: Minimal call action. Institutions collected $11.4 million in premium by selling puts while only spending $62K on put protection.
Total Values: Put Premium Sold: $11,410,144
Expectations: Bullish sentiment implied by heavy put selling, likely done under current spot to collect premium.

Unity Software Inc. (U)
Sentiment: Bullish
Options Activity: $14.6 million spent buying calls, with significant put selling offsetting minimal put buying.
Total Values: Call Premium Bought: $14,639,854 — Put Premium Sold: $811,179
Expectations: Bullish tilt confirmed through aggressive call buying and confidence-driven put selling.

Arm Holdings (ARM)
Sentiment: Bullish
Options Activity: Nearly $10 million in call buying with light put activity.
Total Values: Call Premium Bought: $9,905,776
Expectations: Institutions are betting on upside, making directional plays with little defensive positioning.

Constellation Brands (STZ)
Sentiment: Bullish
Options Activity: $13 million collected via put selling with $4.4 million in put buying.
Total Values: Put Premium Sold: $13,098,000
Expectations: Traders are leaning bullish, collecting premium and expecting the stock to hold above recent levels.

ConocoPhillips (COP)
Sentiment: Bullish
Options Activity: Put selling totaled $10.8 million compared to $3.5 million in put buying.
Total Values: Put Premium Sold: $10,772,072
Expectations: Premium collection from puts supports a bullish thesis—positioning for stability or gains.

Sarepta Therapeutics (SRPT)
Sentiment: Bullish
Options Activity: Institutions sold $7.4 million in puts and bought just $474K.
Total Values: Put Premium Sold: $7,441,000
Expectations: Selling premium signals a bullish stance, with traders expecting support to hold.

Nucor Corporation (NUE)
Sentiment: Bullish
Options Activity: Institutions collected $14.9 million in put premium while buying $8.6 million.
Total Values: Put Premium Sold: $14,879,500
Expectations: Skewed toward bullish positioning through net premium collection.

Atlassian Corporation (TEAM)
Sentiment: Bullish
Options Activity: Sole trade was $5.8 million in puts sold—clear premium collection.
Total Values: Put Premium Sold: $5,794,000
Expectations: Institutions confident in support holding.

MasTec, Inc. (MTZ)
Sentiment: Bullish
Options Activity: $5.6 million in calls bought, no puts.
Total Values: Call Premium Bought: $5,654,000
Expectations: Direct bullish speculation through calls without hedging.

Robinhood Markets Inc. (HOOD)
Sentiment: Bullish
Options Activity: Modest call buying at $2.6 million. Put selling of $3.8 million shows confidence in holding above key levels.
Total Values: Put Premium Sold: $3,833,720
Expectations: Institutions are leaning bullish via premium collection from puts.

Diamondback Energy Inc. (FANG)
Sentiment: Bullish
Options Activity: $17.8 million in puts sold versus $13.7 million bought.
Total Values: Put Premium Sold: $17,793,650
Expectations: Put selling shows traders expect price to hold above recent support.

Exxon Mobil Corp. (XOM)
Sentiment: Bullish
Options Activity: Light call activity. Put selling ($5.6 million) well above put buying ($1.6 million).
Total Values: Put Premium Sold: $5,606,781
Expectations: Institutions are expressing bullishness via put premium collection.

Microchip Technology Inc. (MCHP)
Sentiment: Bullish
Options Activity: Only put selling activity at $3.2 million.
Total Values: Put Premium Sold: $3,193,000
Expectations: Confidence expressed through premium collection, indicating a bullish view.

Hims & Hers Health Inc. (HIMS)
Sentiment: Bullish
Options Activity: Heavy call buying ($4.5 million), plus put selling outweighs put buying.
Total Values: Call Premium Bought: $4,485,089 — Put Premium Sold: $707,561
Expectations: Bullish skew with call accumulation and strategic premium collection.

Walmart Inc. (WMT)
Sentiment: Bullish
Options Activity: Net bullish, with $3.5 million in call buying and $121K in puts sold.
Total Values: Call Premium Bought: $3,451,102
Expectations: Institutions lean bullish, using calls to gain exposure.

Vistra Corp. (VST)
Sentiment: Bullish
Options Activity: Small call trade and $2.8 million in put selling.
Total Values: Put Premium Sold: $2,811,358
Expectations: Institutions appear bullish, positioning through put premium collection.

Individual Options Trades: Trading Day 2025-5-30

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.

Geo Group (GEO)
Sentiment: Bullish
Options Activity: Call buying was active across multiple strikes and expirations. Notable trades include $30 and $31 strike calls expiring on June 20, 2025, which is 21 days to expiry. A larger bet was made on the $35 strike expiring on January 16, 2026, which is 231 days to expiry, and another significant trade involved the $40 strike call expiring on December 19, 2025, which is 203 days to expiry.
Total Values: Over $180,000 in total call premium
Strike Price: $30 to $40
Expectations: With the spot price around $26.83, these call purchases reflect bullish positioning for a potential breakout. The long-dated calls and higher strikes suggest traders are looking for extended upside movement.

Ouster (OUST)
Sentiment: Bullish
Options Activity: A surge of aggressive call buying was observed across multiple expirations. Sizeable trades were placed on the $11 strike expiring June 20, 2025, which is 23 days to expiry, flagged as size greater than prior open interest. Several large blocks were executed on the $25 strike expiring January 16, 2026, which is 233 days to expiry. Additional activity included $13 and $20 calls expiring August 15, 2025, which is 77 days to expiry.
Total Values: Approximately $620,000 in total call premium
Strike Price: $11 to $25
Expectations: With the spot price ranging from $11.70 to $12.25, the flow indicates speculative bullish positioning with bets placed significantly out-of-the-money. Multiple trades were labeled as opening positions, adding to the conviction in a long-term upside move.

Eli Lilly (LLY)
Sentiment: Bullish
Options Activity: A $760 strike call expiring July 18, 2025, which is 49 days to expiry, was bought above the spot price of $720.27. The trade was flagged as size greater than prior open interest, signaling a new position.
Total Values: $1,467,960 in call premium
Strike Price: $760
Expectations: With the strike sitting 5.5% above the spot price, the flow reflects a short-term directional bet on continued upward movement in LLY.

Palantir Technologies (PLTR)
Sentiment: Bullish
Options Activity: A large $123 call was bought expiring on June 6, 2025, which is 7 days to expiry, with additional flow into the $100 strike call expiring on July 18, 2025, which is 49 days to expiry.
Total Values: Over $6.5 million in total call premium
Strike Price: $100 and $123
Expectations: With spot prices around $130.09 to $130.17, the $123 call is already in-the-money while the $100 call is deep in-the-money. These positions likely reflect high-conviction bets or structured leverage using deep ITM calls.

Unity Software (U)
Sentiment: Bullish
Options Activity: Repeated large call purchases were made at the $30 strike expiring January 16, 2026, which is 231 days to expiry. These trades came in blocks over $5 million in size.
Total Values: $10,650,000 in total call premium
Strike Price: $30
Expectations: With the spot price between $26.82 and $26.99, these out-of-the-money calls reflect long-term bullish positioning and conviction in a recovery or breakout move.

Etsy (ETSY)
Sentiment: Bullish
Options Activity: A $54 call expiring on June 20, 2025, which is 21 days to expiry, was bought in size greater than prior open interest, signaling a new position.
Total Values: $1,912,500 in call premium
Strike Price: $54
Expectations: The spot price at $54.82 places the trade nearly at-the-money, reflecting bullish expectations for continued short-term strength.

Microchip Technology (MCHP)
Sentiment: Bullish
Options Activity: Large put sales were executed at the $80 and $92.50 strikes expiring on June 20, 2025, which is 21 days to expiry. Several of these were flagged as size greater than prior open interest.
Total Values: $3,193,000 in total premium collected
Strike Price: $80 and $92.50
Expectations: With the spot price at $58.20, these deep out-of-the-money puts reflect high confidence that the price will stay well above the strike. Premium is being collected on both levels, showing a bullish view through downside protection.

RLX Technology (RLX)
Sentiment: Bullish
Options Activity: A $2 strike call was bought expiring on October 17, 2025, which is 140 days to expiry. The trade was flagged as size greater than prior open interest.
Total Values: $19,400 in call premium
Strike Price: $2
Expectations: With the spot price at $2.065, this is a near-the-money call showing a speculative bet on a rebound setup or technical breakout.

iShares 20+ Year Treasury Bond ETF (TLT)
Sentiment: Bullish
Options Activity: Large-scale call buying occurred across multiple expiries including November 21, December 19, and January 16. Strikes were focused at $50 and $55, with several trades flagged as size greater than prior open interest.
Total Values: Over $8.7 million in total call premium
Strike Price: $50 and $55
Expectations: With the spot price at $86.08, these in-the-money calls likely reflect leveraged bond exposure or structured hedging. The activity suggests bullish expectations for long-duration bond prices, possibly anticipating falling interest rates.

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

JENA Acquisition Corp II (JENA)
Buyer: JENA ACQUISITION SPONSOR LLC II (Large shareholder)
Shares Purchased: 225,000 (+inf%)
Price: USD 10.00
Total Value: USD 2,250,000
Insight: JENA ACQUISITION SPONSOR LLC II’s substantial investment in this SPAC reflects confidence in its ability to identify a high-value acquisition target. The infinite percentage increase indicates a new stake, signaling strong optimism about future merger prospects.

Lionsgate Studios Corp (LION)
Buyer: Liberty 77 Capital L.P. (Large shareholder)
Shares Purchased: 3,965,723 (+13.9%)
Price: USD 6.65
Total Value: USD 26,377,213
Insight: Liberty 77 Capital’s aggressive repeat buying, with this being the largest of three significant purchases, signals strong belief in Lionsgate Studios’ content production and distribution capabilities. The 13.9% increase suggests optimism about the entertainment industry’s growth.

Lionsgate Studios Corp (LION)
Buyer: Liberty 77 Capital L.P. (Large shareholder)
Shares Purchased: 3,300,000 (+10.1%)
Price: USD 6.50
Total Value: USD 21,450,000
Insight: This second major purchase by Liberty 77 Capital, part of their repeat buying, further solidifies their stake in Lionsgate Studios. The 10.1% increase reflects a strategic move to capitalize on the company’s potential in the streaming and media landscape.

Lionsgate Studios Corp (LION)
Buyer: Liberty 77 Capital L.P. (Large shareholder)
Shares Purchased: 154,045 (+0.5%)
Price: USD 6.63
Total Value: USD 1,022,012
Insight: The smallest of Liberty 77 Capital’s three repeat purchases in Lionsgate Studios completes their significant investment. The cumulative effect underscores a long-term commitment to the company’s growth in entertainment.

Mativ Holdings Inc (MATV)
Buyer: Singhal, Shruti (President, CEO)
Shares Purchased: 40,000 (+241.9%)
Price: USD 5.76
Total Value: USD 230,400
Insight: Shruti Singhal’s 241.9% increase in holdings signals robust confidence in Mativ Holdings’ specialty materials business. This significant purchase by the CEO suggests optimism about operational turnaround and market opportunities.

Pebblebrook Hotel Trust (PEB)
Buyer: BORTZ, JON E (Chairman and CEO)
Shares Purchased: 18,000 (+1.1%)
Price: USD 9.15
Total Value: USD 164,700
Insight: Jon Bortz’s purchase in Pebblebrook Hotel Trust, a REIT focused on upscale hotels, reflects confidence in the hospitality sector’s recovery. The 1.1% increase suggests optimism about tourism and business travel demand.

Reynolds Consumer Products Inc (REYN)
Buyer: Mayrhofer, Chris (VP, Controller & CAO)
Shares Purchased: 5,048 (+27.7%)
Price: USD 21.99
Total Value: USD 111,000
Insight: Chris Mayrhofer’s 27.7% increase in holdings indicates confidence in Reynolds Consumer Products’ household goods portfolio. This purchase suggests optimism about stable consumer demand for branded products.

Reynolds Consumer Products Inc (REYN)
Buyer: Mayrhofer, Chris (VP, Controller & CAO)
Shares Purchased: 18,218 (+inf%)
Price: USD 22.14
Total Value: USD 403,319
Insight: Mayrhofer’s second purchase, establishing a new stake, reinforces confidence in Reynolds Consumer Products. The significant investment by a senior officer suggests expectations of strong financial performance.

Village Farms International Inc (VFF)
Buyer: DEGIGLIO, MICHAEL A (Chief Executive Officer)
Shares Purchased: 100,000 (+1.0%)
Price: USD 1.21
Total Value: USD 120,500
Insight: Michael DeGiglio’s purchase in Village Farms, a cannabis and produce company, signals optimism about its diversified operations. The 1.0% increase suggests confidence in growth, particularly in the U.S. cannabis market.

Community Healthcare Trust Inc (CHCT)
Buyer: Van Horn, R. Lawrence (Non-Executive Director)
Shares Purchased: 11,815 (+15.4%)
Price: USD 16.37
Total Value: USD 193,412
Insight: R. Lawrence Van Horn’s 15.4% increase in holdings reflects confidence in Community Healthcare Trust’s healthcare real estate portfolio. This purchase suggests optimism about the stability and growth of healthcare facility demand.

P H Glatfelter Co (GLT)
Buyer: Brown, Bruce (Non-Executive Director)
Shares Purchased: 16,940 (+5881.9%)
Price: USD 11.81
Total Value: USD 199,983
Insight: Bruce Brown’s massive 5881.9% increase in holdings signals extraordinary confidence in P H Glatfelter’s paper and packaging business. This significant purchase suggests expectations of a strong operational turnaround.

P H Glatfelter Co (GLT)
Buyer: Salmon, Tom (Non-Executive Director)
Shares Purchased: 17,000 (+93.0%)
Price: USD 11.94
Total Value: USD 203,014
Insight: Tom Salmon’s 93.0% increase in holdings complements other insider buying at P H Glatfelter. This purchase reinforces optimism about the company’s strategic initiatives and market positioning.

Kochav Defense Acquisition Corp. (KCHV)
Buyer: Kochav Sponsor LLC (Large shareholder)
Shares Purchased: 524,050 (+inf%)
Price: USD 10.00
Total Value: USD 5,240,500
Insight: Kochav Sponsor LLC’s new stake in this SPAC reflects strong confidence in its ability to secure a high-value acquisition target. The infinite percentage increase signals optimism about future merger opportunities in the defense sector.

US Insider Sales

AN2 Therapeutics Inc (ANTX)
Seller: Leonard, Braden Michael (Large shareholder)
Shares Sold: 425,000 (-11.6%)
Price: USD 1.01
Total Value: USD 429,250
Insight: Braden Michael Leonard’s repeat selling in AN2 Therapeutics, a biotech firm, suggests portfolio rebalancing. The 11.6% reduction may reflect caution in the biotech sector, though the company’s drug development pipeline remains active.

AN2 Therapeutics Inc (ANTX)
Seller: Leonard, Braden Michael (Large shareholder)
Shares Sold: 100,000 (-2.7%)
Price: USD 1.16
Total Value: USD 116,000
Insight: Leonard’s second repeat sale in AN2 Therapeutics further reduces their stake. The modest 2.7% reduction indicates a strategic adjustment, possibly due to market conditions or personal financial strategy.

AN2 Therapeutics Inc (ANTX)
Seller: Leonard, Braden Michael (Large shareholder)
Shares Sold: 2,000,000 (-34.8%)
Price: USD 1.16
Total Value: USD 2,320,000
Insight: Leonard’s largest repeat sale, slashing 34.8% of their holdings, suggests a significant exit from AN2 Therapeutics. This major divestment may reflect concerns about near-term biotech volatility, despite long-term potential.

Airbnb Inc (ABNB)
Seller: Gebbia, Joseph (Non-Executive Director, Large shareholder)
Shares Sold: 57,950 (-3.9%)
Price: USD 129.11
Total Value: USD 7,481,896
Insight: Joseph Gebbia’s repeat selling in Airbnb, a leading hospitality platform, suggests profit-taking after strong performance. The 3.9% reduction is modest, indicating continued confidence in Airbnb’s growth.

Airbnb Inc (ABNB)
Seller: Gebbia, Joseph (Non-Executive Director, Large shareholder)
Shares Sold: 145,417 (-9.0%)
Price: USD 128.65
Total Value: USD 18,708,057
Insight: Gebbia’s largest repeat sale in Airbnb significantly reduces their stake. The 9.0% reduction may reflect portfolio diversification, but Airbnb’s robust market position suggests this is not a signal of weakness.

Airbnb Inc (ABNB)
Seller: Gebbia, Joseph (Non-Executive Director, Large shareholder)
Shares Sold: 32,633 (-2.0%)
Price: USD 127.88
Total Value: USD 4,173,102
Insight: Gebbia’s third repeat sale in Airbnb continues the reduction of their holdings. The 2.0% decrease aligns with a strategic divestment, while Airbnb’s global expansion supports long-term optimism.

Airbnb Inc (ABNB)
Seller: Gebbia, Joseph (Non-Executive Director, Large shareholder)
Shares Sold: 1,644 (-32.1%)
Price: USD 128.68
Total Value: USD 211,551
Insight: Gebbia’s smallest repeat sale in Airbnb, reducing holdings by 32.1% in this tranche, suggests targeted profit-taking. Airbnb’s strong brand and market share indicate this is a personal financial move.

Amphenol Corp (APH)
Seller: Ivas, Michael R. (VP & Corporate Controller)
Shares Sold: 40,000 (-20.8%)
Price: USD 88.79
Total Value: USD 3,551,408
Insight: Michael Ivas’s 20.8% reduction in Amphenol, a leader in electronic connectors, may reflect profit-taking after strong stock performance. Amphenol’s diversified markets suggest this sale is personal.

Atlassian Corp (TEAM)
Seller: Farquhar, Scott (Non-Executive Director, Large shareholder)
Shares Sold: 3,112 (-6.1%)
Price: USD 205.14
Total Value: USD 638,382
Insight: Scott Farquhar’s repeat selling in Atlassian, a software collaboration platform, suggests profit-taking. The 6.1% reduction is modest, with Atlassian’s strong enterprise demand supporting confidence.

Atlassian Corp (TEAM)
Seller: Farquhar, Scott (Non-Executive Director, Large shareholder)
Shares Sold: 1,463 (-2.8%)
Price: USD 206.29
Total Value: USD 301,796
Insight: Farquhar’s second repeat sale in Atlassian continues a gradual reduction. The 2.8% decrease indicates portfolio management, while Atlassian’s cloud growth remains a positive factor.

Atlassian Corp (TEAM)
Seller: Farquhar, Scott (Non-Executive Director, Large shareholder)
Shares Sold: 2,367 (-4.3%)
Price: USD 204.26
Total Value: USD 483,472
Insight: Farquhar’s third repeat sale in Atlassian reflects ongoing divestment. The 4.3% reduction suggests strategic rebalancing, with Atlassian’s software solutions maintaining market strength.

Atlassian Corp (TEAM)
Seller: Cannon-Brookes, Michael (CEO, Co-Founder)
Shares Sold: 3,113 (-6.1%)
Price: USD 205.14
Total Value: USD 638,587
Insight: Michael Cannon-Brookes’ repeat selling in Atlassian mirrors Farquhar’s activity, suggesting coordinated profit-taking. The 6.1% reduction is modest, with Atlassian’s growth trajectory intact.

Atlassian Corp (TEAM)
Seller: Cannon-Brookes, Michael (CEO, Co-Founder)
Shares Sold: 1,462 (-2.8%)
Price: USD 206.29
Total Value: USD 301,590
Insight: Cannon-Brookes’ second repeat sale in Atlassian continues the gradual reduction. The 2.8% decrease aligns with personal financial strategy, while Atlassian’s cloud adoption drives optimism.

Atlassian Corp (TEAM)
Seller: Cannon-Brookes, Michael (CEO, Co-Founder)
Shares Sold: 2,366 (-4.3%)
Price: USD 204.26
Total Value: USD 483,268
Insight: Cannon-Brookes’ third repeat sale in Atlassian reflects ongoing portfolio management. The 4.3% reduction is consistent with strategic divestment, supported by Atlassian’s strong fundamentals.

Black Stone Minerals LP (BSM)
Seller: Clark, Carrie Pearson (SVP, Chief Commercial Officer)
Shares Sold: 36,900 (-18.2%)
Price: USD 13.56
Total Value: USD 500,338
Insight: Carrie Clark’s 18.2% reduction in Black Stone Minerals, a mineral and royalty interest company, may reflect profit-taking. The company’s stable cash flows suggest this is a personal move.

Boston Scientific Corp (BSX)
Seller: LUDWIG, EDWARD J (Non-Executive Director)
Shares Sold: 4,000 (-15.1%)
Price: USD 104.59
Total Value: USD 418,368
Insight: Ludwig’s 15.1% reduction in Boston Scientific suggests profit-taking after strong stock performance. The medical device leader’s innovation pipeline supports optimism.

Bright Horizons Family Solutions Inc (BFAM)
Seller: TOCIO, MARY ANN (Non-Executive Director)
Shares Sold: 2,500 (-11.0%)
Price: USD 128.49
Total Value: USD 321,229
Insight: Tocio’s 11.0% reduction in Bright Horizons reflects portfolio rebalancing. The childcare provider’s stable demand suggests this sale is personal.

Bright Horizons Family Solutions Inc (BFAM)
Seller: LISSY, DAVID H (Non-Executive Director)
Shares Sold: 6,282 (-8.3%)
Price: USD 130.10
Total Value: USD 817,286
Insight: Lissy’s 8.3% reduction aligns with other insider sales at Bright Horizons, indicating personal financial planning while childcare services remain robust.

BRP Group Inc (BRP)
Seller: Baldwin, Lowry (See Remarks, Non-Executive Director, Large shareholder)
Shares Sold: 31,250 (-100.0%)
Price: USD 38.32
Total Value: USD 1,197,500
Insight: Baldwin’s full divestment from BRP Group suggests a strategic exit from the insurance brokerage, despite its growth, likely for portfolio reallocation. Seller: Baldwin, Lowry (See Remarks, Non-Executive Director, Large shareholder)
Shares Sold: 31,250 (-100.0%)
Price: USD 38.32
Total Value: USD 1,197,500
Insight: Baldwin’s second identical sale completes their exit from BRP Group, indicating a shift in investment focus while the company’s market position remains strong.

CareDx Inc (CDNA)
Seller: HAGSTROM, WILLIAM A (Non-Executive Director)
Shares Sold: 30,000 (-35.7%)
Price: USD 17.45
Total Value: USD 523,413
Insight: Hagstrom’s 35.7% reduction in CareDx suggests profit-taking. The diagnostics company’s transplant testing solutions maintain growth potential.

Carvana Co (CVNA)
Seller: GARCIA, ERNEST C. III (Chief Executive Officer, Large shareholder)
Shares Sold: 1,014 (-0.1%)
Price: USD 324.00
Total Value: USD 328,536
Insight: Garcia’s repeat selling in Carvana suggests profit-taking after a stock rally. The 0.1% reduction is modest, with the online car retailer’s platform driving growth. Seller: GARCIA, ERNEST C. III (Chief Executive Officer, Large shareholder)
Shares Sold: 354 (-0.0%)
Price: USD 322.65
Total Value: USD 114,218
Insight: Garcia’s second repeat sale in Carvana continues modest divestment, indicating strategic rebalancing while the company’s market momentum remains strong. Seller: GARCIA, ERNEST C. III (Chief Executive Officer, Large shareholder)
Shares Sold: 353 (-0.0%)
Price: USD 323.56
Total Value: USD 114,217
Insight: Garcia’s third repeat sale maintains small divestments, suggesting confidence in Carvana’s growth despite personal financial adjustments. Seller: GARCIA, ERNEST C. III (Chief Executive Officer, Large shareholder)
Shares Sold: 415 (-0.0%)
Price: USD 322.15
Total Value: USD 133,692
Insight: Garcia’s fourth repeat sale reflects ongoing portfolio management, with Carvana’s online model supporting optimism. Seller: GARCIA, ERNEST C. III (Chief Executive Officer, Large shareholder)
Shares Sold: 415 (-0.0%)
Price: USD 322.15
Total Value: USD 133,692
Insight: Garcia’s fifth repeat sale continues modest reductions, aligning with personal financial strategy while Carvana’s growth remains robust. Seller: GARCIA, ERNEST C. III (Chief Executive Officer, Large shareholder)
Shares Sold: 750 (-0.1%)
Price: USD 319.08
Total Value: USD 239,310
Insight: Garcia’s sixth repeat sale slightly increases divestment size, indicating cautious profit-taking with Carvana’s platform driving confidence. Seller: GARCIA, ERNEST C. III (Chief Executive Officer, Large shareholder)
Shares Sold: 750 (-0.1%)
Price: USD 319.08
Total Value: USD 239,310
Insight: Garcia’s seventh repeat sale mirrors the previous, reinforcing strategic rebalancing while Carvana’s market position stays strong. Seller: GARCIA, ERNEST C. III (Chief Executive Officer, Large shareholder)
Shares Sold: 950 (-0.1%)
Price: USD 318.57
Total Value: USD 302,642
Insight: Garcia’s eighth repeat sale continues steady divestment, with Carvana’s innovative model supporting long-term optimism. Seller: GARCIA, ERNEST C. III (Chief Executive Officer, Large shareholder)
Shares Sold: 950 (-0.1%)
Price: USD 318.57
Total Value: USD 302,642
Insight: Garcia’s ninth repeat sale maintains the divestment pace, indicating a measured approach while Carvana’s growth trajectory remains intact. Seller: GARCIA, ERNEST C. III (Chief Executive Officer, Large shareholder)
Shares Sold: 986 (-0.1%)
Price: USD 324.76
Total Value: USD 320,213
Insight: Garcia’s tenth repeat sale suggests ongoing profit-taking, with Carvana’s online sales platform driving confidence. Seller: GARCIA, ERNEST C. III (Chief Executive Officer, Large shareholder)
Shares Sold: 986 (-0.1%)
Price: USD 324.76
Total Value: USD 320,213
Insight: Garcia’s eleventh repeat sale reinforces the divestment strategy, with Carvana’s strong performance supporting optimism. Seller: GARCIA, ERNEST C. III (Chief Executive Officer, Large shareholder)
Shares Sold: 1,014 (-0.1%)
Price: USD 324.00
Total Value: USD 328,536
Insight: Garcia’s twelfth repeat sale completes the modest divestments, indicating strategic exit while Carvana’s disruptive model thrives. Seller: GARCIA, ERNEST C. III (Chief Executive Officer, Large shareholder)
Shares Sold: 647 (-0.1%)
Price: USD 319.61
Total Value: USD 206,788
Insight: Garcia’s thirteenth repeat sale continues small divestments, suggesting cautious profit-taking with Carvana’s growth intact. Seller: GARCIA, ERNEST C. III (Chief Executive Officer, Large shareholder)
Shares Sold: 648 (-0.1%)
Price: USD 319.36
Total Value: USD 206,945
Insight: Garcia’s fourteenth repeat sale maintains the steady pace, with Carvana’s online platform supporting long-term confidence. Seller: GARCIA, ERNEST C. III (Chief Executive Officer, Large shareholder)
Shares Sold: 2,182 (-0.2%)
Price: USD 318.48
Total Value: USD 694,923
Insight: Garcia’s fifteenth repeat sale increases divestment size, indicating strategic rebalancing while Carvana’s market momentum remains strong. Seller: GARCIA, ERNEST C. III (Chief Executive Officer, Large shareholder)
Shares Sold: 2,182 (-0.3%)
Price: USD 318.48
Total Value: USD 694,923
Insight: Garcia’s sixteenth repeat sale mirrors the previous, reinforcing profit-taking with Carvana’s innovative model driving optimism. Seller: GARCIA, ERNEST C. III (Chief Executive Officer, Large shareholder)
Shares Sold: 1,418 (-0.2%)
Price: USD 317.65
Total Value: USD 450,428
Insight: Garcia’s seventeenth repeat sale continues consistent divestment, with Carvana’s strong performance supporting confidence. Seller: GARCIA, ERNEST C. III (Chief Executive Officer, Large shareholder)
Shares Sold: 1,418 (-0.2%)
Price: USD 317.65
Total Value: USD 450,428
Insight: Garcia’s eighteenth repeat sale completes the significant divestments, indicating a strategic exit while Carvana’s growth thrives. Seller: BREAUX, PAUL W. (See Remarks)
Shares Sold: 20,000 (-11.8%)
Price: USD 323.00
Total Value: USD 6,460,000
Insight: Breaux’s 11.8% reduction in Carvana suggests profit-taking amid the stock rally, with the online platform’s strength indicating a personal move. Seller: GILL, DANIEL J. (Chief Product Officer)
Shares Sold: 32,500 (-13.9%)
Price: USD 320.00
Total Value: USD 10,400,000
Insight: Gill’s 13.9% reduction, the largest Carvana sale, indicates significant profit-taking, with the company’s market position suggesting a personal financial decision.

Central Garden & Pet Co (CENT)
Seller: BROWN, WILLIAM E (Chairman, Large shareholder)
Shares Sold: 4,800 (-1.2%)
Price: USD 32.03
Total Value: USD 153,744
Insight: Brown’s 1.2% reduction in Central Garden & Pet suggests modest profit-taking, with the pet and garden products company’s diversified portfolio indicating a personal move.

Chain Bridge Bancorp Inc (CBNA)
Seller: Friedman, Martin S. (Large shareholder)
Shares Sold: 32,158 (-9.5%)
Price: USD 27.01
Total Value: USD 868,459
Insight: Friedman’s 9.5% reduction in Chain Bridge Bancorp reflects portfolio rebalancing, with the community bank’s regional focus suggesting a non-operational sale.

Cheesecake Factory Inc (CAKE)
Seller: May, Scarlett (EVP, General Counsel)
Shares Sold: 11,600 (-33.7%)
Price: USD 55.98
Total Value: USD 649,362
Insight: May’s repeat selling, reducing 33.7% of her Cheesecake Factory stake, suggests profit-taking, with the restaurant chain’s brand strength indicating a personal move. Seller: May, Scarlett (EVP, General Counsel)
Shares Sold: 9,200 (-21.1%)
Price: USD 56.06
Total Value: USD 515,758
Insight: May’s second repeat sale continues divestment, with the 21.1% reduction aligning with personal financial planning while Cheesecake Factory’s operations remain stable.

Church & Dwight Co Inc (CHD)
Seller: Hooker, Carlen (EVP, Chief Commercial Officer)
Shares Sold: 3,000 (-92.0%)
Price: USD 98.05
Total Value: USD 294,158
Insight: Hooker’s near-total 92.0% divestment in Church & Dwight suggests a major personal financial exit, with the consumer goods company’s strong brands supporting optimism.

Corning Inc (GLW)
Seller: Becker, Stefan (SVP, Finance & Corp Controller)
Shares Sold: 17,106 (-51.5%)
Price: USD 49.68
Total Value: USD 849,838
Insight: Becker’s 51.5% reduction in Corning suggests significant profit-taking, with the glass and ceramics manufacturer’s technology innovations indicating a personal sale.

Core & Main Inc (CNM)
Seller: Schaller, John R (Executive Vice President)
Shares Sold: 9,794 (-33.2%)
Price: USD 55.00
Total Value: USD 538,670
Insight: Schaller’s 33.2% reduction in Core & Main suggests profit-taking, with the construction materials distributor’s infrastructure demand supporting confidence.

Coupang Inc (CPNG)
Seller: Sun, Benjamin (Non-Executive Director)
Shares Sold: 200,000 (-13.2%)
Price: USD 28.36
Total Value: USD 5,671,560
Insight: Sun’s 13.2% reduction in Coupang reflects profit-taking, with the e-commerce giant’s Asian market dominance suggesting a personal financial move.

Crexendo Inc (CXDO)
Seller: Buch, Anand (Chief Strategy Officer)
Shares Sold: 532,391 (-48.9%)
Price: USD 4.90
Total Value: USD 2,608,716
Insight: Buch’s 48.9% reduction in Crexendo suggests significant divestment, with the cloud communications company’s niche market position indicating a personal sale. Seller: Wang, David Tzat-kin (Chief Technology Officer)
Shares Sold: 392,610 (-46.8%)
Price: USD 4.90
Total Value: USD 1,923,789
Insight: Wang’s 46.8% reduction aligns with other Crexendo insider sales, suggesting personal financial planning while cloud services support growth.

Daktronics Inc (DAKT)
Seller: Alta Fox Opportunities Fund, LP (Large shareholder)
Shares Sold: 1,000,000 (-16.7%)
Price: USD 14.90
Total Value: USD 14,900,000
Insight: Alta Fox’s 16.7% reduction in Daktronics suggests portfolio reallocation, with the electronic display manufacturer’s demand indicating a strategic sale.

Datadog Inc (DDOG)
Seller: Agarwal, Amit (Non-Executive Director)
Shares Sold: 11,569 (-13.1%)
Price: USD 117.36
Total Value: USD 1,357,701
Insight: Agarwal’s repeat selling in Datadog suggests profit-taking, with the cloud monitoring platform’s 13.1% reduction modest and enterprise adoption strong. Seller: Agarwal, Amit (Non-Executive Director)
Shares Sold: 12,831 (-12.7%)
Price: USD 116.65
Total Value: USD 1,496,798
Insight: Agarwal’s second repeat sale continues Datadog divestment, with the 12.7% reduction aligning with personal financial planning while cloud analytics thrive.

e.l.f. Beauty Inc (ELF)
Seller: Hartnett, Jennifer Catherine (Chief Commercial Officer)
Shares Sold: 18,383 (-25.3%)
Price: USD 109.99
Total Value: USD 2,021,946
Insight: Hartnett’s 25.3% reduction in e.l.f. Beauty suggests profit-taking, with the cosmetics company’s affordable brand supporting continued growth.

Entergy Corp (ETR)
Seller: FONTAN, KIMBERLY A. (EVP & Chief Financial Officer)
Shares Sold: 27,890 (-38.5%)
Price: USD 81.95
Total Value: USD 2,285,586
Insight: Fontan’s 38.5% reduction in Entergy indicates significant profit-taking, with the utility company’s stable energy operations suggesting a personal move.

Garrett Motion Inc (GTX)
Seller: Oaktree Capital Group Holdings GP, LLC (Large shareholder)
Shares Sold: 7,000,000 (-15.9%)
Price: USD 10.30
Total Value: USD 72,100,000
Insight: Oaktree’s repeat selling in Garrett Motion suggests a major exit, with the 15.9% reduction reflecting portfolio reallocation while the automotive tech firm’s operations remain stable. Seller: Oaktree Capital Group Holdings GP, LLC (Large shareholder)
Shares Sold: 188,000 (-0.4%)
Price: USD 11.10
Total Value: USD 2,086,800
Insight: Oaktree’s second repeat sale in Garrett Motion continues divestment, with the 0.4% reduction indicating strategic rebalancing and the company’s turbocharger business intact. Seller: Centerbridge Credit Partners Master, L.P. (Large shareholder)
Shares Sold: 889,674 (-9.1%)
Price: USD 10.30
Total Value: USD 9,163,642
Insight: Centerbridge’s repeat selling in Garrett Motion reduces their stake, with the 9.1% reduction suggesting a strategic exit while automotive innovations support confidence. Seller: Centerbridge Credit Partners Master, L.P. (Large shareholder)
Shares Sold: 2,110,326 (-9.0%)
Price: USD 10.30
Total Value: USD 21,736,358
Insight: Centerbridge’s second repeat sale, the largest in Garrett Motion, indicates portfolio reallocation, with the company’s market position stable.

Gulfport Energy Corp (GPOR)
Seller: Willrath, Matthew (VP & CAO)
Shares Sold: 633 (-21.3%)
Price: USD 193.83
Total Value: USD 122,694
Insight: Willrath’s 21.3% reduction in Gulfport Energy suggests profit-taking, with the oil and gas producer’s operational strength indicating a personal sale.

Hess Midstream LP (HESM)
Seller: BlackRock Portfolio Management LLC (Large shareholder)
Shares Sold: 15,022,517 (-100.0%)
Price: USD 36.86
Total Value: USD 553,729,977
Insight: BlackRock’s complete divestment from Hess Midstream, the largest transaction, suggests a strategic exit, with the midstream energy company’s cash flows remaining stable.

Hims & Hers Health Inc (HIMS)
Seller: Okupe, Oluyemi (Chief Financial Officer)
Shares Sold: 11,581 (-22.8%)
Price: USD 52.98
Total Value: USD 613,537
Insight: Okupe’s 22.8% reduction in Hims & Hers Health suggests profit-taking, with the telehealth company’s digital platform supporting continued optimism.

Horace Mann Educators Corp (HMN)
Seller: CONKLIN, BRET A (Executive Vice President)
Shares Sold: 4,728 (-7.7%)
Price: USD 43.18
Total Value: USD 204,164
Insight: Conklin’s repeat selling in Horace Mann suggests modest profit-taking, with the insurance company’s 7.7% reduction indicating personal financial strategy. Seller: CONKLIN, BRET A (Executive Vice President)
Shares Sold: 4,701 (-7.7%)
Price: USD 43.49
Total Value: USD 204,465
Insight: Conklin’s second repeat sale in Horace Mann continues modest divestment, with the 7.7% reduction aligning with personal planning while insurance operations remain robust. Seller: CONKLIN, BRET A (Executive Vice President)
Shares Sold: 10,771 (-16.2%)
Price: USD 43.54
Total Value: USD 468,915
Insight: Conklin’s third repeat sale significantly reduces his Horace Mann stake, suggesting profit-taking with the company’s financial services supporting confidence.

Ibotta Inc (IBTA)
Seller: Clark Jermoluk Founders Fund I LLC (Large shareholder)
Shares Sold: 18,543 (-3.3%)
Price: USD 50.13
Total Value: USD 929,646
Insight: Clark Jermoluk’s repeat selling in Ibotta suggests portfolio rebalancing, with the 3.3% reduction modest and the digital promotions platform’s growth intact. Seller: Clark Jermoluk Founders Fund I LLC (Large shareholder)
Shares Sold: 3,645 (-0.6%)
Price: USD 49.97
Total Value: USD 182,136
Insight: The Fund’s second repeat sale in Ibotta continues divestment, with the 0.6% reduction indicating strategic adjustment while Ibotta’s marketing platform thrives.

Interface Inc (TILE)
Seller: Poppens, James (Vice President)
Shares Sold: 19,474 (-13.0%)
Price: USD 20.14
Total Value: USD 392,150
Insight: Poppens’ 13.0% reduction in Interface suggests profit-taking, with the modular flooring company’s sustainable products indicating a personal sale.

Intuit Inc (INTU)
Seller: FENNELL, LAURA A (EVP, People and Places)
Shares Sold: 1,498 (-6.2%)
Price: USD 759.50
Total Value: USD 1,137,731
Insight: Fennell’s repeat selling in Intuit suggests profit-taking, with the 6.2% reduction modest and the financial software company’s cloud solutions driving growth. Seller: FENNELL, LAURA A (EVP, People and Places)
Shares Sold: 1,987 (-7.6%)
Price: USD 757.47
Total Value: USD 1,505,093
Insight: Fennell’s second repeat sale in Intuit continues divestment, with the 7.6% reduction aligning with personal planning while TurboTax and QuickBooks thrive. Seller: FENNELL, LAURA A (EVP, People and Places)
Shares Sold: 452 (-1.7%)
Price: USD 755.84
Total Value: USD 341,639
Insight: Fennell’s third repeat sale in Intuit is smaller, indicating portfolio management with the company’s financial technology leadership intact. Seller: FENNELL, LAURA A (EVP, People and Places)
Shares Sold: 1,584 (-5.6%)
Price: USD 754.74
Total Value: USD 1,195,515
Insight: Fennell’s fourth repeat sale maintains Intuit divestment, with the 5.6% reduction suggesting strategic rebalancing while cloud solutions drive optimism. Seller: FENNELL, LAURA A (EVP, People and Places)
Shares Sold: 4,347 (-13.3%)
Price: USD 753.69
Total Value: USD 3,276,295
Insight: Fennell’s fifth repeat sale significantly reduces her Intuit stake, indicating profit-taking with the company’s market position strong. Seller: FENNELL, LAURA A (EVP, People and Places)
Shares Sold: 3,400 (-9.4%)
Price: USD 752.64
Total Value: USD 2,558,979
Insight: Fennell’s sixth repeat sale continues substantial divestment, with the 9.4% reduction aligning with personal strategy while Intuit’s software dominates. Seller: FENNELL, LAURA A (EVP, People and Places)
Shares Sold: 350 (-1.0%)
Price: USD 751.18
Total Value: USD 262,913
Insight: Fennell’s seventh repeat sale is smaller, suggesting cautious profit-taking with Intuit’s cloud offerings driving confidence. Seller: FENNELL, LAURA A (EVP, People and Places)
Shares Sold: 3,267 (-8.2%)
Price: USD 750.40
Total Value: USD 2,451,564
Insight: Fennell’s eighth repeat sale maintains divestment, with the 8.2% reduction indicating portfolio management while Intuit’s growth remains robust. Seller: FENNELL, LAURA A (EVP, People and Places)
Shares Sold: 4,215 (-9.6%)
Price: USD 749.71
Total Value: USD 3,160,027
Insight: Fennell’s ninth repeat sale significantly reduces her Intuit stake, suggesting profit-taking with the company’s leadership intact. Seller: FENNELL, LAURA A (EVP, People and Places)
Shares Sold: 4,548 (-9.4%)
Price: USD 748.44
Total Value: USD 3,403,897
Insight: Fennell’s tenth repeat sale, the largest, completes her Intuit divestment, indicating strategic rebalancing while the company’s growth thrives.

Kratos Defense and Security Solutions Inc (KTOS)
Seller: Fendley, Steven S. (President, US Division)
Shares Sold: 10,000 (-2.6%)
Price: USD 36.74
Total Value: USD 367,377
Insight: Fendley’s 2.6% reduction in Kratos Defense suggests modest profit-taking, with the defense technology firm’s unmanned systems indicating a personal sale.

Lincoln Educational Services Corp (LINC)
Seller: Pryor, Felecia J. (Non-Executive Director)
Shares Sold: 20,000 (-58.3%)
Price: USD 23.53
Total Value: USD 470,600
Insight: Pryor’s 58.3% reduction in Lincoln Educational suggests significant profit-taking, with the career education provider’s training programs supporting optimism.

Lincoln National Corp (LNC)
Seller: Kroll, Brian (EVP, Head of Life & Annuities)
Shares Sold: 10,075 (-17.1%)
Price: USD 33.10
Total Value: USD 333,483
Insight: Kroll’s 17.1% reduction in Lincoln National indicates profit-taking, with the insurance company’s operations suggesting a personal move.

Mettler-Toledo International Inc (MTD)
Seller: Kelly, Michael A (Non-Executive Director)
Shares Sold: 1,062 (-89.8%)
Price: USD 1,159.93
Total Value: USD 1,231,846
Insight: Kelly’s near-total 89.8% divestment in Mettler-Toledo suggests a major personal exit, with the precision instruments company’s market position remaining strong.

NMI Holdings Inc (NMIH)
Seller: Leatherberry, William J (Chief Admin. Officer & GC)
Shares Sold: 18,121 (-11.9%)
Price: USD 39.67
Total Value: USD 718,860
Insight: Leatherberry’s 11.9% reduction in NMI Holdings suggests profit-taking, with the mortgage insurance company’s operations indicating a personal sale.

Navitas Semiconductor Corp (NVTS)
Seller: SiCPower, LLC (Large shareholder)
Shares Sold: 484,619 (-1.9%)
Price: USD 6.72
Total Value: USD 3,258,578
Insight: SiCPower’s repeat selling in Navitas Semiconductor suggests portfolio rebalancing, with the 1.9% reduction modest and chip technology supporting growth. Seller: SiCPower, LLC (Large shareholder)
Shares Sold: 484,619 (-1.9%)
Price: USD 6.72
Total Value: USD 3,258,578
Insight: SiCPower’s second repeat sale in Navitas continues divestment, with the 1.9% reduction indicating strategic adjustment while semiconductor innovations thrive.

Nextracker Inc (NXT)
Seller: LEDESMA, BRUCE (Chief Legal & Compliance Ofc)
Shares Sold: 83,561 (-29.9%)
Price: USD 55.71
Total Value: USD 4,655,434
Insight: Ledesma’s 29.9% reduction in Nextracker suggests significant profit-taking, with the solar tracking company’s renewable energy focus indicating a personal sale.

Nuvalent Inc (NUVL)
Seller: Noci, Darlene (Chief Development Officer)
Shares Sold: 3,437 (-6.6%)
Price: USD 71.25
Total Value: USD 244,886
Insight: Noci’s 6.6% reduction in Nuvalent suggests modest profit-taking, with the biotech company’s oncology pipeline supporting optimism.

OneMain Holdings Inc (OMF)
Seller: Conrad, Micah R. (EVP & COO)
Shares Sold: 5,000 (-4.4%)
Price: USD 52.21
Total Value: USD 261,045
Insight: Conrad’s 4.4% reduction in OneMain Holdings suggests modest profit-taking, with the consumer finance company’s lending operations indicating a personal sale.

Parker-Hannifin Corp (PH)
Seller: SCAMINACE, JOSEPH (Non-Executive Director)
Shares Sold: 958 (-29.6%)
Price: USD 667.51
Total Value: USD 639,475
Insight: Scaminace’s 29.6% reduction in Parker-Hannifin suggests profit-taking, with the industrial motion company’s strong demand indicating a personal sale.

Pegasystems Inc (PEGA)
Seller: TREFLER, ALAN (C.E.O. & Chairman, Large shareholder)
Shares Sold: 2,509 (-0.0%)
Price: USD 97.21
Total Value: USD 243,900
Insight: Trefler’s repeat selling in Pegasystems suggests modest profit-taking, with the negligible reduction indicating confidence in the software company’s cloud solutions. Seller: TREFLER, ALAN (C.E.O. & Chairman, Large shareholder)
Shares Sold: 28,991 (-0.2%)
Price: USD 96.65
Total Value: USD 2,801,980
Insight: Trefler’s second repeat sale significantly reduces his Pegasystems stake, suggesting profit-taking with enterprise software driving growth.

Penumbra Inc (PEN)
Seller: Elsesser, Adam (CEO and President)
Shares Sold: 2,599 (-2.6%)
Price: USD 272.34
Total Value: USD 707,812
Insight: Elsesser’s repeat selling in Penumbra suggests profit-taking, with the 2.6% reduction modest and the medical device company’s neurovascular innovations supporting optimism. Seller: Elsesser, Adam (CEO and President)
Shares Sold: 548 (-0.5%)
Price: USD 271.74
Total Value: USD 148,914
Insight: Elsesser’s second repeat sale in Penumbra is smaller, indicating portfolio management with the company’s medical technology remaining strong. Seller: Elsesser, Adam (CEO and President)
Shares Sold: 1,611 (-1.6%)
Price: USD 270.32
Total Value: USD 435,486
Insight: Elsesser’s third repeat sale continues Penumbra divestment, with the 1.6% reduction suggesting personal financial planning while growth persists. Seller: Elsesser, Adam (CEO and President)
Shares Sold: 3,006 (-2.8%)
Price: USD 268.65
Total Value: USD 807,562
Insight: Elsesser’s fourth repeat sale, the largest, significantly reduces his Penumbra stake, indicating profit-taking with the company’s innovation driving confidence. Seller: Elsesser, Adam (CEO and President)
Shares Sold: 1,126 (-1.0%)
Price: USD 266.25
Total Value: USD 299,798
Insight: Elsesser’s fifth repeat sale maintains Penumbra divestment, with the 1.0% reduction indicating strategic rebalancing while medical solutions thrive. Seller: Elsesser, Adam (CEO and President)
Shares Sold: 4,231 (-3.8%)
Price: USD 265.39
Total Value: USD 1,122,865
Insight: Elsesser’s sixth repeat sale significantly reduces his Penumbra stake, suggesting profit-taking with the company’s market position robust. Seller: Elsesser, Adam (CEO and President)
Shares Sold: 1,150 (-1.0%)
Price: USD 264.52
Total Value: USD 304,198
Insight: Elsesser’s seventh repeat sale reduces his Penumbra stake further, aligning with personal financial strategy while growth remains intact. Seller: Elsesser, Adam (CEO and President)
Shares Sold: 1,100 (-1.0%)
Price: USD 263.42
Total Value: USD 289,762
Insight: Elsesser’s eighth repeat sale completes Penumbra divestments, indicating a measured approach with medical device innovations driving confidence.

Perdoceo Education Corp (PRDO)
Seller: Leeman, Julia A. (SVP – Campus Operations)
Shares Sold: 5,000 (-14.4%)
Price: USD 32.07
Total Value: USD 160,350
Insight: Leeman’s 14.4% reduction in Perdoceo Education suggests profit-taking, with the online education provider’s enrollment indicating a personal sale.

PJT Partners Inc (PJT)
Seller: Cornwell, Kievdi Don (Non-Executive Director)
Shares Sold: 1,000 (-10.2%)
Price: USD 150.98
Total Value: USD 150,980
Insight: Cornwell’s repeat selling in PJT Partners suggests modest profit-taking, with the 10.2% reduction aligning with personal planning while advisory services remain stable. Seller: Cornwell, Kievdi Don (Non-Executive Director)
Shares Sold: 7,351 (-42.7%)
Shares Sold: 2,052 (-10.7%)
Price: USD 149.53
Total Value: USD 306,836
Insight: Cornwell’s third repeat sale continues PJT Partners divestment, with the 10.7% reduction suggesting portfolio management while advisory strength persists. Seller: Cornwell, Kievdi Don (Non-Executive Director)
Shares Sold: 9,597 (-33.3%)
Price: USD 151.08
Total Value: USD 1,449,915
Insight: Cornwell’s fourth repeat sale significantly reduces his PJT Partners stake, indicating profit-taking with the company’s advisory business driving optimism.

Raymond James Financial Inc (RJF)
Seller: Allaire, Bella Loykhter (Chief Admin Officer)
Shares Sold: 6,570 (-8.1%)
Price: USD 146.61
Total Value: USD 963,228
Insight: Allaire’s 8.1% reduction in Raymond James Financial suggests profit-taking, with the financial services firm’s wealth management indicating a personal sale.

Rocket Lab USA Inc (RKLB)
Seller: Kampani, Arjun (See Remarks)
Shares Sold: 5,277 (-0.9%)
Price: USD 29.97
Total Value: USD 158,152
Insight: Kampani’s 0.9% reduction in Rocket Lab suggests modest profit-taking, with the space launch company’s capabilities indicating a personal sale.

Rollins Inc (ROL)
Seller: Wilson, John F (EXECUTIVE CHAIRMAN)
Shares Sold: 40,000 (-5.7%)
Price: USD 56.77
Total Value: USD 2,270,800
Insight: Wilson’s 5.7% reduction in Rollins suggests profit-taking, with the pest control company’s service demand indicating a non-operational sale.

Roku Inc (ROKU)
Seller: Wood, Anthony J. (CEO and Chairman BOD)
Shares Sold: 25,000 (-100.0%)
Price: USD 75.00
Total Value: USD 1,875,000
Insight: Wood’s complete divestment from Roku suggests a major personal exit, with the streaming media company’s platform remaining competitive.

Rubrik Inc (RBRK)
Seller: Choudary, Kiran Kumar (Chief Financial Officer)
Shares Sold: 3,500 (-0.6%)
Price: USD 94.86
Total Value: USD 332,010
Insight: Choudary’s 0.6% reduction in Rubrik suggests modest profit-taking, with the data security company’s cybersecurity solutions indicating a personal sale.

Scholar Rock Holding Corp (SRRK)
Seller: Burow, Kristina (Non-Executive Director)
Shares Sold: 4,400 (-17.3%)
Price: USD 29.83
Total Value: USD 131,269
Insight: Burow’s 17.3% reduction in Scholar Rock suggests profit-taking, with the biotech company’s neuromuscular therapies indicating a personal sale. Seller: Reed, Joshua (Non-Executive Director)
Shares Sold: 4,900 (-23.2%)
Price: USD 29.68
Total Value: USD 145,441
Insight: Reed’s 23.2% reduction in Scholar Rock aligns with insider sales, suggesting profit-taking with the biotech pipeline supporting optimism. Seller: FLIER, JEFFREY S. (Non-Executive Director)
Shares Sold: 4,975 (-17.1%)
Price: USD 29.84
Total Value: USD 148,429
Insight: Flier’s 17.1% reduction in Scholar Rock suggests profit-taking, with transformative therapies indicating a personal, not operational, sale. Seller: Vaishnaw, Akshay (President of R&D)
Shares Sold: 5,130 (-0.8%)
Price: USD 29.63
Total Value: USD 152,000
Insight: Vaishnaw’s 0.8% reduction in Scholar Rock suggests modest profit-taking, with the company’s drug development supporting confidence. Seller: Brudnick, Richard (Non-Executive Director)
Shares Sold: 4,675 (-22.1%)
Price: USD 29.63
Total Value: USD 138,526
Insight: Brudnick’s 22.1% reduction in Scholar Rock suggests profit-taking, with the biotech company’s prospects indicating a personal sale.

Seagate Technology PLC (STX)
Seller: Romano, Gianluca (EVP & CFO)
Shares Sold: 11,185 (-22.7%)
Price: USD 117.86
Total Value: USD 1,318,236
Insight: Romano’s repeat selling in Seagate suggests profit-taking, with the 22.7% reduction significant but the data storage company’s solutions remaining robust. Seller: Romano, Gianluca (EVP & CFO)
Shares Sold: 15,631 (-24.1%)
Price: USD 117.38
Total Value: USD 1,834,703
Insight: Romano’s second repeat sale, the largest, reduces his Seagate stake, indicating profit-taking with cloud storage demand supporting confidence. Seller: Romano, Gianluca (EVP & CFO)
Shares Sold: 9,100 (-19.3%)
Price: USD 117.56
Total Value: USD 1,069,755
Insight: Romano’s third repeat sale continues Seagate divestment, suggesting portfolio management while technology leadership remains strong. Seller: Romano, Gianluca (EVP & CFO)
Shares Sold: 15,918 (-25.2%)
Price: USD 117.17
Total Value: USD 1,865,091
Insight: Romano’s fourth repeat sale significantly reduces his Seagate stake, aligning with personal financial strategy while storage innovations thrive.

SEI Investments Co (SEIC)
Seller: WEST, ALFRED P JR (Executive Chairman)
Shares Sold: 1,628 (-0.0%)
Price: USD 85.21
Total Value: USD 138,722
Insight: West’s repeat selling in SEI Investments suggests modest profit-taking, with the negligible reduction indicating confidence in financial services operations. Seller: WEST, ALFRED P JR (Executive Chairman)
Shares Sold: 64,498 (-0.9%)
Price: USD 84.26
Total Value: USD 5,434,601
Insight: West’s second repeat sale significantly reduces his SEI Investments stake, suggesting profit-taking with the company’s wealth management robust. Seller: WEST, ALFRED P JR (Executive Chairman)
Shares Sold: 75,000 (-1.1%)
Price: USD 85.78
Total Value: USD 6,433,500
Insight: West’s third repeat sale, the largest, continues SEI Investments divestment, indicating portfolio rebalancing while the company’s operations thrive.

Sky Harbour Group Corp (SKYH)
Seller: BOSTON OMAHA Corp (Large shareholder)
Shares Sold: 52,839 (-0.6%)
Price: USD 10.30
Total Value: USD 544,369
Insight: Boston Omaha’s repeat selling in Sky Harbour suggests portfolio rebalancing, with the 0.6% reduction modest and the aviation infrastructure company’s growth intact. Seller: BOSTON OMAHA Corp (Large shareholder)
Shares Sold: 18,291 (-0.2%)
Price: USD 10.79
Total Value: USD 197,303
Insight: Boston Omaha’s second repeat sale in Sky Harbour continues divestment, with the 0.2% reduction indicating strategic adjustment while infrastructure prospects remain strong. Seller: BOSTON OMAHA Corp (Large shareholder)
Shares Sold: 12,136 (-0.1%)
Price: USD 10.69
Total Value: USD 129,759
Insight: Boston Omaha’s third repeat sale in Sky Harbour suggests modest profit-taking, with the 0.1% reduction aligning with personal strategy while aviation growth persists.

SkyWest Inc (SKYW)
Seller: Steel, Wade J (CHIEF COMMERCIAL OFFICER)
Shares Sold: 12,816 (-9.5%)
Price: USD 100.91
Total Value: USD 1,293,205
Insight: Steel’s repeat selling in SkyWest, a regional airline, suggests profit-taking, with the 9.5% reduction significant but the company’s operations indicating a personal move. Seller: Steel, Wade J (CHIEF COMMERCIAL OFFICER)
Shares Sold: 2,184 (-1.8%)
Price: USD 101.67
Total Value: USD 222,047
Insight: Steel’s second repeat sale in SkyWest continues divestment, with the 1.8% reduction suggesting portfolio management while airline operations remain stable.

SLM Corp (SLM)
Seller: Pahwa, Munish (EVP & Chief Risk Officer)
Shares Sold: 10,000 (-12.4%)
Price: USD 34.08
Total Value: USD 340,821
Insight: Pahwa’s 12.4% reduction in SLM Corp suggests profit-taking, with the student loan company’s operations indicating a personal sale.

Sonic Automotive Inc (SAH)
Seller: DYKE, JEFF (President)
Shares Sold: 31,152 (-4.9%)
Price: USD 70.05
Total Value: USD 2,182,316
Insight: Dyke’s repeat selling in Sonic Automotive suggests profit-taking, with the 4.9% reduction significant but the auto retailer’s operations indicating a personal move. Seller: DYKE, JEFF (President)
Shares Sold: 1,838 (-0.3%)
Price: USD 70.00
Total Value: USD 128,660
Insight: Dyke’s second repeat sale in Sonic Automotive is smaller, suggesting portfolio management while the company’s dealership network remains strong. Seller: DYKE, JEFF (President)
Shares Sold: 16,434 (-2.5%)
Price: USD 70.03
Total Value: USD 1,150,871
Insight: Dyke’s third repeat sale continues Sonic Automotive divestment, with the 2.5% reduction indicating profit-taking while operations support confidence.

SPX Corp (SPXC)
Seller: PUCKETT, RICK D (Non-Executive Director)
Shares Sold: 6,823 (-16.8%)
Price: USD 153.01
Total Value: USD 1,043,987
Insight: Puckett’s 16.8% reduction in SPX Corp suggests profit-taking, with the industrial technology company’s demand indicating a personal sale.

Sprouts Farmers Market Inc (SFM)
Seller: Konat, Nicholas (President & COO)
Shares Sold: 20,270 (-26.7%)
Price: USD 167.50
Total Value: USD 3,395,152
Insight: Konat’s 26.7% reduction in Sprouts Farmers Market suggests significant profit-taking, with the grocery chain’s health-focused model indicating a personal move.

StandardAero, Inc. (SARO)
Seller: GIC Private Ltd (Large shareholder)
Shares Sold: 828,729 (-2.3%)
Price: USD 27.30
Total Value: USD 22,624,302
Insight: GIC’s 2.3% reduction in StandardAero suggests portfolio rebalancing, with the aviation services company’s operations indicating a strategic sale.

StepStone Group Inc (STEP)
Seller: McCabe, Michael I (Head of Strategy)
Shares Sold: 51,377 (-20.7%)
Price: USD 59.90
Total Value: USD 3,077,482
Insight: McCabe’s 20.7% reduction in StepStone Group suggests profit-taking, with the private markets firm’s operations indicating a personal sale. Seller: McCabe, Michael I (Head of Strategy)
Shares Sold: 199,641 (-28.9%)
Price: USD 59.92
Total Value: USD 11,962,489
Insight: McCabe’s second sale, the largest, significantly reduces his StepStone stake, suggesting profit-taking with the company’s investment services remaining strong.

Target Corp (TGT)
Seller: Cornell, Brian C (Executive Officer)
Shares Sold: 45,000 (-15.4%)
Price: USD 96.18
Total Value: USD 4,327,974
Insight: Cornell’s 15.4% reduction in Target suggests profit-taking, with the retailer’s strong consumer base indicating a personal financial move.

Tenet Healthcare Corp (THC)
Seller: BIERMAN, JAMES L (Non-Executive Director)
Shares Sold: 4,613 (-11.6%)
Price: USD 170.00
Total Value: USD 784,210
Insight: Bierman’s 11.6% reduction in Tenet Healthcare suggests profit-taking, with the healthcare provider’s hospital operations indicating a personal sale.

Travelers Companies Inc (TRV)
Seller: Schnitzer, Alan D (Chairman and CEO)
Shares Sold: 21,335 (-7.5%)
Price: USD 274.03
Total Value: USD 5,846,419
Insight: Schnitzer’s repeat selling in Travelers suggests profit-taking, with the 7.5% reduction significant but the insurance company’s stability supporting confidence. Seller: Schnitzer, Alan D (Chairman and CEO)
Shares Sold: 14,121 (-4.7%)
Price: USD 273.40
Total Value: USD 3,860,691
Insight: Schnitzer’s second repeat sale continues Travelers divestment, with the 4.7% reduction indicating personal financial planning while insurance operations thrive. Seller: Rowland, David Donnay (EVP & Co-Chief Invest. Officer)
Shares Sold: 12,069 (-50.7%)
Price: USD 274.01
Total Value: USD 3,307,004
Insight: Rowland’s 50.7% reduction in Travelers suggests significant profit-taking, with the insurance company’s robust operations indicating a personal sale. Seller: Lefebvre, Mojgan M (EVP & Chief Tech & Ops Officer)
Shares Sold: 6,149 (-100.0%)
Price: USD 273.71
Total Value: USD 1,682,954
Insight: Lefebvre’s complete divestment from Travelers suggests a major personal exit, with the insurance company’s technological advancements remaining strong. Seller: Munson, Paul E. (SVP & Corp. Controller)
Shares Sold: 4,052 (-84.7%)
Price: USD 273.29
Total Value: USD 1,107,371
Insight: Munson’s 84.7% reduction in Travelers suggests significant profit-taking, with the company’s financial stability indicating a personal sale. Seller: Klein, Michael Frederick (EVP & President, Personal Ins.)
Shares Sold: 1,641 (-4.7%)
Price: USD 274.68
Total Value: USD 450,751
Insight: Klein’s repeat selling in Travelers suggests modest profit-taking, with the 4.7% reduction aligning with personal planning while insurance operations remain robust. Seller: Klein, Michael Frederick (EVP & President, Personal Ins.)
Shares Sold: 6,809 (-16.2%)
Price: USD 274.14
Total Value: USD 1,866,591
Insight: Klein’s second repeat sale significantly reduces his Travelers stake, indicating profit-taking with the company’s market position strong. Seller: Klein, Michael Frederick (EVP & President, Personal Ins.)
Shares Sold: 594 (-1.4%)
Price: USD 273.12
Total Value: USD 162,234
Insight: Klein’s third repeat sale continues modest Travelers divestment, suggesting portfolio management while the company’s operations thrive. Seller: Klenk, Jeffrey P. (EVP & Pres., Bond & Spec. Ins.)
Shares Sold: 8,500 (-58.3%)
Price: USD 272.99
Total Value: USD 2,320,414
Insight: Klenk’s repeat selling in Travelers suggests significant profit-taking, with the 58.3% reduction indicating personal planning while insurance services remain stable. Seller: Klenk, Jeffrey P. (EVP & Pres., Bond & Spec. Ins.)
Shares Sold: 6,680 (-52.4%)
Price: USD 272.72
Total Value: USD 1,821,770
Insight: Klenk’s second repeat sale continues Travelers divestment, with the 52.4% reduction suggesting profit-taking while the company’s operations support confidence. Seller: Frey, Daniel S. (EVP & Chief Financial Officer)
Shares Sold: 20,286 (-43.0%)
Price: USD 273.48
Total Value: USD 5,547,740
Insight: Frey’s 43.0% reduction in Travelers suggests significant profit-taking, with the insurance company’s financial stability indicating a personal sale. Seller: Kurtzman, Diane (EVP & Chief HR Officer)
Shares Sold: 2,980 (-43.8%)
Price: USD 273.02
Total Value: USD 813,600
Insight: Kurtzman’s 43.8% reduction in Travelers suggests profit-taking, with the insurance company’s HR operations indicating a personal sale. Seller: Olivo, Maria (EVP, Strat Dev & Pres Intl)
Shares Sold: 36,199 (-23.5%)
Price: USD 274.20
Total Value: USD 9,925,639
Insight: Olivo’s 23.5% reduction in Travelers, the largest single sale, suggests significant profit-taking, with the company’s global operations indicating a personal move.

United Therapeutics Corp (UTHR)
Seller: MAHON, PAUL A (EVP & General Counsel)
Shares Sold: 524 (-1.4%)
Price: USD 317.19
Total Value: USD 166,209
Insight: Mahon’s repeat selling in United Therapeutics suggests modest profit-taking, with the 1.4% reduction indicating personal planning while biotech operations remain strong. Seller: MAHON, PAUL A (EVP & General Counsel)
Shares Sold: 4,573 (-10.9%)
Price: USD 316.57
Total Value: USD 1,447,661
Insight: Mahon’s second repeat sale significantly reduces his United Therapeutics stake, suggesting profit-taking with the company’s drug pipeline supporting confidence. Seller: MAHON, PAUL A (EVP & General Counsel)
Shares Sold: 1,703 (-3.9%)
Price: USD 315.53
Total Value: USD 537,353
Insight: Mahon’s third repeat sale continues United Therapeutics divestment, with the 3.9% reduction indicating portfolio management while biotech innovations thrive. Seller: MAHON, PAUL A (EVP & General Counsel)
Shares Sold: 4,000 (-8.4%)
Price: USD 315.77
Total Value: USD 1,263,080
Insight: Mahon’s fourth repeat sale reduces his United Therapeutics stake, suggesting profit-taking with the company’s market position robust.

Universal Insurance Holdings Inc (UVE)
Seller: Springer, Jon (Non-Executive Director)
Shares Sold: 30,000 (-9.0%)
Price: USD 27.06
Total Value: USD 811,656
Insight: Springer’s 9.0% reduction in Universal Insurance suggests profit-taking, with the insurance company’s operations indicating a personal sale.

Ventas Inc (VTR)
Seller: Roberts, Carey S. (EVP and GC)
Shares Sold: 23,500 (-16.8%)
Price: USD 64.23
Total Value: USD 1,509,447
Insight: Roberts’ 16.8% reduction in Ventas, a healthcare REIT, suggests profit-taking, with the company’s real estate portfolio indicating a personal move.

Verona Pharma PLC (VRNA)
Seller: Hahn, Mark W (Chief Financial Officer)
Shares Sold: 204,864 (-1.6%)
Price: USD 9.33
Total Value: USD 1,911,668
Insight: Hahn’s 1.6% reduction in Verona Pharma suggests modest profit-taking, with the biotech company’s respiratory therapies indicating a personal sale. Seller: ZACCARDELLI, DAVID (President and CEO)
Shares Sold: 208,696 (-1.5%)
Price: USD 9.33
Total Value: USD 1,947,593
Insight: Zaccardelli’s 1.5% reduction in Verona Pharma aligns with insider sales, suggesting profit-taking while the company’s drug development supports optimism.

Vornado Realty Trust (VNO)
Seller: Chera, Haim (EVP- Head of Retail)
Shares Sold: 20,000 (-40.0%)
Price: USD 37.98
Total Value: USD 759,630
Insight: Chera’s 40.0% reduction in Vornado Realty suggests significant profit-taking, with the REIT’s commercial properties indicating a personal sale.

Walmart Inc (WMT)
Seller: Walton Family Holdings Trust (Large shareholder)
Shares Sold: 2,570,000 (-0.5%)
Price: USD 97.12
Total Value: USD 249,600,713
Insight: Walton Family’s 0.5% reduction in Walmart, a retail giant, suggests portfolio rebalancing, with the company’s consumer base indicating a strategic sale.

Woodward Inc (WWD)
Seller: Blankenship, Charles P (Chairman of the Board and CEO)
Shares Sold: 2,103 (-2.8%)
Price: USD 216.32
Total Value: USD 454,921
Insight: Blankenship’s repeat selling in Woodward suggests profit-taking, with the 2.8% reduction modest and the aerospace company’s operations indicating a personal move. Seller: Blankenship, Charles P (Chairman of the Board and CEO)
Shares Sold: 2,526 (-3.2%)
Price: USD 215.53
Total Value: USD 544,429
Insight: Blankenship’s second repeat sale continues Woodward divestment, with the 3.2% reduction suggesting portfolio management while aerospace growth persists. Seller: Blankenship, Charles P (Chairman of the Board and CEO)
Shares Sold: 2,777 (-3.7%)
Price: USD 218.88
Total Value: USD 607,830
Insight: Blankenship’s third repeat sale, the largest, reduces his Woodward stake, indicating profit-taking with the company’s operations strong. Seller: Blankenship, Charles P (Chairman of the Board and CEO)
Shares Sold: 2,223 (-2.8%)
Price: USD 218.20
Total Value: USD 485,059
Insight: Blankenship’s fourth repeat sale completes Woodward divestments, suggesting profit-taking while the company’s aerospace and industrial solutions thrive.

Wynn Resorts Ltd (WYNN)
Seller: Mulroy, Patricia (Non-Executive Director)
Shares Sold: 2,262 (-42.5%)
Price: USD 92.12
Total Value: USD 208,375
Insight: Mulroy’s 42.5% reduction in Wynn Resorts suggests profit-taking, with the casino operator’s hospitality operations indicating a personal sale.

CDN Insider Purchases

Foran Mining Corp (FOM)
Buyer: Canada Growth Fund Inc. (10% Security Holder of Issuer)
Shares Purchased: 43,904,154
Price: CAD 3.00
Total Value: CAD 131,712,462
Insight: This massive investment by Canada Growth Fund Inc. underscores significant confidence in Foran Mining’s copper and zinc projects, critical for electrification and renewable energy. The scale of this purchase suggests expectations of robust growth in the critical minerals sector, positioning Foran as a key player.

Foran Mining Corp (FOM)
Buyer: MYERSON, DANIEL (Director of Issuer, Senior Officer of Issuer)
Shares Purchased: 281,437 (+5.0%)
Price: CAD 3.00
Total Value: CAD 844,311
Insight: Daniel Myerson’s substantial purchase, increasing holdings by 5.0%, complements the larger institutional investment in Foran Mining. This insider confidence reinforces the company’s strong fundamentals and growth potential in the mining sector, particularly for battery metals.

Lionsgate Studios Corp (LION)
Buyer: Liberty 77 Capital L.P. (10% Security Holder of Issuer)
Shares Purchased: 3,965,723 (+13.9%)
Price: USD 6.65
Total Value: USD 26,377,213
Insight: Liberty 77 Capital’s aggressive repeat buying, with this being the largest of three significant purchases, signals strong belief in Lionsgate Studios’ content production and distribution capabilities. The 13.9% increase in holdings suggests optimism about the entertainment industry’s recovery and growth.

Lionsgate Studios Corp (LION)
Buyer: Liberty 77 Capital L.P. (10% Security Holder of Issuer)
Shares Purchased: 3,300,000 (+10.1%)
Price: USD 6.50
Total Value: USD 21,450,000
Insight: This second major purchase by Liberty 77 Capital, part of their repeat buying strategy, further solidifies their stake in Lionsgate Studios. The 10.1% increase in holdings reflects a strategic move to capitalize on the company’s potential in the competitive streaming and media landscape.

Lionsgate Studios Corp (LION)
Buyer: Liberty 77 Capital L.P. (10% Security Holder of Issuer)
Shares Purchased: 154,045 (+0.5%)
Price: USD 6.63
Total Value: USD 1,022,012
Insight: The smallest of Liberty 77 Capital’s three purchases, this transaction completes their repeat buying in Lionsgate Studios. While modest in percentage terms, the cumulative effect of these purchases underscores a long-term commitment to the company’s growth in the entertainment sector.

EQB Inc (EQB)
Buyer: Smith, Stephen (10% Security Holder of Issuer)
Shares Purchased: 148,390 (+2.2%)
Price: CAD 92.03
Total Value: CAD 13,655,753
Insight: Stephen Smith’s substantial purchase in EQB Inc., a digital-first Canadian bank, reflects confidence in its innovative banking model. The 2.2% increase in holdings suggests optimism about EQB’s ability to capture market share in a competitive financial sector.

EQB Inc (EQB)
Buyer: Smith Financial Corporation (10% Security Holder of Issuer)
Shares Purchased: 148,390 (+2.2%)
Price: CAD 92.03
Total Value: CAD 13,655,753
Insight: This parallel purchase by Smith Financial Corporation, likely affiliated with Stephen Smith, reinforces the strong insider commitment to EQB Inc. The identical transaction size and timing suggest a coordinated strategy to bolster their stake in the bank’s growth trajectory.

TriStar Gold Inc (TSG)
Buyer: Sprott, Eric (10% Security Holder of Issuer)
Shares Purchased: 31,250,000
Price: CAD 0.16
Total Value: CAD 5,000,000
Insight: Eric Sprott’s massive investment in TriStar Gold, a junior gold exploration company, signals strong belief in its Brazilian gold projects. This significant stake acquisition suggests expectations of rising gold prices or project-specific catalysts driving future value.

TriStar Gold Inc (TSG)
Buyer: 2176423 Ontario Ltd. (10% Security Holder of Issuer)
Shares Purchased: 31,250,000
Price: CAD 0.16
Total Value: CAD 5,000,000
Insight: This matching purchase by 2176423 Ontario Ltd. mirrors Sprott’s investment in TriStar Gold, indicating coordinated interest in the company’s gold exploration prospects. The large share volume underscores confidence in the company’s potential to deliver value in the gold sector.

Euro Manganese Inc (EMN)
Buyer: Sprott, Eric (10% Security Holder of Issuer)
Shares Purchased: 16,666,666
Price: CAD 0.18
Total Value: CAD 3,000,000
Insight: Eric Sprott’s significant investment in Euro Manganese, a company focused on high-purity manganese for batteries, reflects optimism about the growing demand for EV and energy storage materials. This purchase positions Sprott to benefit from the green energy transition.

Euro Manganese Inc (EMN)
Buyer: 2176423 Ontario Ltd. (10% Security Holder of Issuer)
Shares Purchased: 16,666,666
Price: CAD 0.18
Total Value: CAD 3,000,000
Insight: The parallel investment by 2176423 Ontario Ltd. in Euro Manganese complements Sprott’s purchase, suggesting a shared belief in the company’s strategic importance in the battery materials supply chain. This coordinated buying highlights the sector’s growth potential.

Helium Evolution Incorporated (HEVI)
Buyer: ENEOS Xplora USA Limited (10% Security Holder of Issuer)
Shares Purchased: 9,422,000 (+59.1%)
Price: CAD 0.19
Total Value: CAD 1,790,180
Insight: ENEOS Xplora’s substantial purchase, increasing holdings by 59.1%, signals strong confidence in Helium Evolution’s helium exploration prospects. This investment reflects optimism about the growing demand for helium in technology and medical applications.

Platinum Group Metals Ltd (PTM)
Buyer: Hosken Consolidated Investments Limited (10% Security Holder of Issuer)
Shares Purchased: 800,000 (+3.0%)
Price: USD 1.26
Total Value: USD 1,008,000
Insight: Hosken Consolidated’s purchase in Platinum Group Metals, a company focused on platinum and palladium, indicates confidence in the company’s South African projects. The 3.0% increase suggests optimism about precious metals demand in industrial and investment markets.

BuildDirect.com Technologies Inc (BILD)
Buyer: Wilson, Shawn (Senior Officer of Issuer)
Shares Purchased: 1,352,000 (+365.0%)
Price: CAD 0.43
Total Value: CAD 581,360
Insight: Shawn Wilson’s massive 365.0% increase in holdings reflects extraordinary confidence in BuildDirect’s e-commerce platform for home improvement products. This significant purchase suggests expectations of strong growth in the online retail sector.

BuildDirect.com Technologies Inc (BILD)
Buyer: Biggs, Kerry (Senior Officer of Issuer)
Shares Purchased: 193,000 (+419.5%)
Price: CAD 0.43
Total Value: CAD 82,990
Insight: Kerry Biggs’ 419.5% increase in holdings, alongside other insider purchases, reinforces optimism in BuildDirect’s business model. This coordinated insider buying suggests a unified belief in the company’s potential to disrupt the home improvement market.

BuildDirect.com Technologies Inc (BILD)
Buyer: Stone, Brandon (Director or Senior Officer of Insider or Subsidiary of Issuer)
Shares Purchased: 192,000 (+128.1%)
Price: CAD 0.43
Total Value: CAD 82,560
Insight: Brandon Stone’s significant purchase, increasing holdings by 128.1%, aligns with other insider activity at BuildDirect. This collective buying underscores confidence in the company’s strategic direction and market opportunity in e-commerce.

Toronto-Dominion Bank (TD)
Buyer: Arsov, Ana (Director or Senior Officer of Insider or Subsidiary of Issuer)
Shares Purchased: 3,000 (+86.1%)
Price: CAD 94.49
Total Value: CAD 283,470
Insight: Ana Arsov’s 86.1% increase in holdings signals robust confidence in TD Bank’s financial stability and growth prospects. This purchase may counterbalance recent market volatility, suggesting optimism about the bank’s long-term performance.

Tourmaline Oil Corp (TOU)
Buyer: Rose, Mike (Senior Officer of Issuer)
Shares Purchased: 5,000 (+0.1%)
Price: CAD 62.76
Total Value: CAD 313,825
Insight: Mike Rose’s purchase, though modest in percentage terms, indicates cautious optimism in Tourmaline’s natural gas and oil operations. The transaction suggests confidence in the company’s ability to navigate energy market dynamics.

Peyto Exploration and Development Corp (Pre-Merger)
Buyer: Rees, Michael Eugene (Senior Officer of Issuer)
Shares Purchased: 5,300 (+25.1%)
Price: CAD 18.71
Total Value: CAD 99,163
Insight: Michael Rees’ 25.1% increase in holdings reflects strong belief in Peyto’s pre-merger value, likely tied to its natural gas assets. This purchase suggests expectations of enhanced value creation post-merger.

Whitecap Resources Inc (WCP)
Buyer: Wall, Bradley John (Director of Issuer)
Shares Purchased: 11,500 (+11.9%)
Price: CAD 8.77
Total Value: CAD 100,855
Insight: Bradley Wall’s 11.9% increase in holdings signals optimism in Whitecap’s oil and gas operations. This purchase suggests confidence in the company’s ability to capitalize on stable energy prices and operational efficiencies.

Parkit Enterprise Inc (PKT)
Buyer: Dunkley, Bradley Roy (Director of Issuer)
Shares Purchased: 354,147 (+16.0%)
Price: CAD 0.43
Total Value: CAD 152,283
Insight: Bradley Dunkley’s significant purchase in Parkit Enterprise, a company focused on parking real estate, reflects confidence in its niche market strategy. The 16.0% increase suggests optimism about steady cash flows and growth potential.

BTQ Technologies Corp (BTQ)
Buyer: Roussy Newton, Olivier Francois (Director of Issuer, Senior Officer of Issuer)
Shares Purchased: 35,000 (+0.1%)
Price: CAD 4.10
Total Value: CAD 143,395
Insight: Olivier Roussy Newton’s purchase in BTQ Technologies, a quantum technology company, indicates belief in its innovative potential. The modest 0.1% increase still reflects confidence in the company’s long-term prospects in the quantum computing and cryptography sector, poised for growth amid rising demand for secure data solutions.

Element Fleet Management Corp (EFN)
Buyer: Sutherland, William (Senior Officer of Issuer)
Shares Purchased: 2,000 (+40.0%)
Price: CAD 32.64
Total Value: CAD 65,282
Insight: William Sutherland’s 40.0% increase in holdings signals strong confidence in Element Fleet Management’s vehicle fleet services. This purchase suggests optimism about the company’s market position and operational efficiency in a growing industry.

Millennial Potash Corp (MLP)
Buyer: Jennings, Ross (10% Security Holder of Issuer)
Shares Purchased: 100,000 (+0.4%)
Price: CAD 1.28
Total Value: CAD 128,000
Insight: Ross Jennings’ purchase in Millennial Potash reflects confidence in its potash exploration projects. The modest 0.4% increase suggests a cautious but optimistic outlook on the agricultural commodity market, driven by global fertilizer demand.

Significant Insider Sales:

BuildDirect.com Technologies Inc (BILD)
Seller: Lyra Growth Partners Inc. (10% Security Holder of Issuer)
Shares Sold: 1,798,000 (-20.7%)
Price: CAD 0.43
Total Value: CAD 773,140
Insight: Lyra Growth Partners’ significant 20.7% reduction in BuildDirect shares suggests a strategic divestment, possibly to reallocate capital. BuildDirect’s e-commerce focus remains a growth driver despite this sale, indicating a potential shift in investor strategy.

Rakovina Therapeutics Inc. (RKV)
Seller: De Lucrezia, Alfredo (Director of Issuer, Senior Officer of Issuer)
Shares Sold: 3,517,500
Price: CAD 0.06
Total Value: CAD 193,463
Insight: Alfredo De Lucrezia’s large sale in Rakovina Therapeutics, a biotech company, may reflect profit-taking or strategic reallocation. The significant share volume suggests a major shift, though the company’s cancer research remains promising.

CDN Insider Sales

Metro Inc (MRU)
Seller: RICHER LA FLÈCHE, ERIC (Director of Issuer, Senior Officer of Issuer)
Shares Sold: 104,000 (-27.0%)
Price: CAD 107.64
Total Value: CAD 11,194,529
Insight: Eric Richer La Flèche’s significant 27.0% reduction in Metro Inc., a leading Canadian grocer, may reflect profit-taking or portfolio rebalancing. Metro’s stable operations suggest this sale is not a signal of operational weakness.

Toronto-Dominion Bank (TD)
Seller: Currie, Theresa Lynn (Director or Senior Officer of Insider or Subsidiary of Issuer)
Shares Sold: 48,792 (-99.7%)
Price: CAD 94.64
Total Value: CAD 4,617,675
Insight: Theresa Currie’s near-total divestment of TD Bank shares suggests a significant shift, possibly for personal financial planning. TD’s strong market position indicates this sale is unlikely to reflect a lack of confidence.

Sprott Inc (SII)
Seller: Einav, Arthur Avi (Director or Senior Officer of Insider or Subsidiary of Issuer, Senior Officer of Issuer)
Shares Sold: 45,000 (-22.0%)
Price: CAD 80.54
Total Value: CAD 3,624,300
Insight: Arthur Einav’s repeat selling in Sprott Inc., a precious metals investment firm, may indicate portfolio rebalancing. The 22.0% reduction suggests caution, though Sprott’s sector exposure remains strong.

Sprott Inc (SII)
Seller: Einav, Arthur Avi (Director or Senior Officer of Insider or Subsidiary of Issuer, Senior Officer of Issuer)
Shares Sold: 25,000 (-15.6%)
Price: CAD 79.50
Total Value: CAD 1,987,500
Insight: Einav’s second sale, part of repeat selling, further reduces their stake in Sprott Inc. The consistent divestment may reflect personal financial strategy, but Sprott’s focus on gold and silver investments remains robust.

TerraVest Industries Inc (TVK)
Seller: PELLERIN, CHARLES (10% Security Holder of Issuer, Director of Issuer)
Shares Sold: 14,000 (-4.3%)
Price: CAD 165.10
Total Value: CAD 2,311,400
Insight: Charles Pellerin’s sale in TerraVest, a diversified industrial company, suggests profit-taking after strong performance. The 4.3% reduction is modest, indicating continued confidence in TerraVest’s growth strategy.

Bombardier Inc (BBD.B)
Seller: Gallagher, Jean-Christophe (Senior Officer of Issuer)
Shares Sold: 22,000 (-46.4%)
Price: CAD 94.79
Total Value: CAD 2,085,358
Insight: Jean-Christophe Gallagher’s 46.4% reduction in Bombardier shares may reflect personal financial planning or caution amid aerospace market volatility. Bombardier’s focus on business jets remains a growth driver.

Bombardier Inc (BBD.B)
Seller: Demosky, Barton Wade (Senior Officer of Issuer)
Shares Sold: 6,000 (-10.2%)
Price: CAD 95.00
Total Value: CAD 570,000
Insight: Barton Demosky’s sale, reducing holdings by 10.2%, aligns with other insider activity at Bombardier. This modest divestment likely reflects personal financial strategy rather than a lack of confidence in aerospace prospects.

Shopify Inc (SHOP)
Seller: Lutke, Tobias Albin (Director of Issuer, Senior Officer of Issuer)
Shares Sold: 17,853 (-5.7%)
Price: USD 107.03
Total Value: USD 1,910,717
Insight: Tobias Lutke’s planned sale in Shopify suggests profit-taking by a key executive. The 5.7% reduction is modest, and Shopify’s strong e-commerce position indicates this is not a signal of weakness.

Shopify Inc (SHOP)
Seller: Finkelstein, Harley Michael (Senior Officer of Issuer)
Shares Sold: 1,720 (-21.4%)
Price: USD 106.27
Total Value: USD 182,777
Insight: Harley Finkelstein’s 21.4% reduction in Shopify shares may reflect personal financial planning. The sale does not detract from Shopify’s strong growth trajectory in e-commerce.

Shopify Inc (SHOP)
Seller: Hoffmeister, Jeff (Senior Officer of Issuer)
Shares Sold: 1,967 (-3.3%)
Price: USD 106.27
Total Value: USD 209,025
Insight: Jeff Hoffmeister’s modest sale in Shopify aligns with other executive divestments. The 3.3% reduction suggests routine portfolio management, with Shopify’s platform driving market confidence.

Shopify Inc (SHOP)
Seller: Hertz, Jessica (Senior Officer of Issuer)
Shares Sold: 1,494 (-9.8%)
Price: USD 106.27
Total Value: USD 158,761
Insight: Jessica Hertz’s repeat selling, reducing holdings by 9.8%, may indicate personal financial strategy. Shopify’s strong fundamentals suggest these sales are not reflective of operational concerns.

Jamieson Wellness Inc (JWEL)
Seller: Snowden, Christopher (Senior Officer of Issuer)
Shares Sold: 37,403 (-19.3%)
Price: CAD 35.15
Total Value: CAD 1,314,783
Insight: Christopher Snowden’s 19.3% reduction in Jamieson Wellness shares suggests profit-taking in the health and wellness sector. The company’s strong brand indicates this sale is likely personal.

Vizsla Silver Corp (VZLA)
Seller: Konnert, Michael (Director of Issuer)
Shares Sold: 323,000 (-11.8%)
Price: CAD 3.92
Total Value: CAD 1,266,160
Insight: Michael Konnert’s 11.8% reduction in Vizsla Silver shares may reflect profit-taking amid rising silver prices. Vizsla’s exploration projects suggest this sale is not a lack of confidence.

MDA Space Ltd (MDA)
Seller: Snarch, David (Senior Officer of Issuer)
Shares Sold: 37,356 (-97.3%)
Price: CAD 28.06
Total Value: CAD 1,048,209
Insight: David Snarch’s repeat selling, nearly eliminating their MDA holdings, suggests a significant shift, possibly for personal reasons. MDA’s space technology focus remains a growth area.

MDA Space Ltd (MDA)
Seller: Snarch, David (Senior Officer of Issuer)
Shares Sold: 34,644 (-84.9%)
Price: CAD 28.88
Total Value: CAD 1,000,519
Insight: Snarch’s second repeat sale further reduces their MDA stake. The consistent divestment may reflect personal financial planning, but MDA’s innovative solutions attract market interest.

MDA Space Ltd (MDA)
Seller: Snarch, David (Senior Officer of Issuer)
Shares Sold: 18,000 (-94.5%)
Price: CAD 28.20
Total Value: CAD 507,600
Insight: Another sale in Snarch’s repeat selling strategy continues the reduction of MDA holdings. The company’s strong position in satellite technology suggests this is a personal decision.

MDA Space Ltd (MDA)
Seller: Snarch, David (Senior Officer of Issuer)
Shares Sold: 5,133 (-83.2%)
Price: CAD 28.95
Total Value: CAD 148,600
Insight: The smallest of Snarch’s repeat sales completes a near-total divestment from MDA. The sale aligns with personal financial strategy, not a lack of confidence in MDA’s growth.

CI Financial Corp (CIX)
Seller: Chang, Brigette Elizabeth (Director of Issuer)
Shares Sold: 50,000 (-0.6%)
Price: CAD 31.48
Total Value: CAD 1,574,020
Insight: Brigette Chang’s sale in CI Financial suggests portfolio rebalancing. The modest 0.6% reduction indicates continued confidence in the wealth management firm’s operations.

Aritzia Inc (ATZ)
Seller: Wong, Jennifer (Director of Issuer, Senior Officer of Issuer)
Shares Sold: 15,000 (-13.0%)
Price: CAD 68.25
Total Value: CAD 1,023,750
Insight: Jennifer Wong’s 13.0% reduction in Aritzia shares may reflect profit-taking in the fashion retail sector. Aritzia’s strong brand suggests this sale is personal, not operational.

Loblaw Companies Ltd (L)
Seller: Leger, Jeffrey Francis (Senior Officer of Issuer)
Shares Sold: 3,400 (-58.2%)
Price: CAD 230.50
Total Value: CAD 783,700
Insight: Jeffrey Leger’s 58.2% reduction in Loblaw shares suggests personal financial planning. Loblaw’s dominant position in Canadian retail indicates this sale is not a signal of weakness.

Canada Goose Holdings Inc (GOOS)
Seller: Reiss, Dani (10% Security Holder of Issuer, Director of Issuer, Senior Officer of Issuer)
Shares Sold: 14,057 (-14.9%)
Price: CAD 17.32
Total Value: CAD 243,494
Insight: Dani Reiss’s repeat selling suggests a strategic reduction in their Canada Goose stake. The 14.9% decrease may reflect profit-taking, but the company’s luxury brand remains resilient.

Canada Goose Holdings Inc (GOOS)
Seller: Reiss, Dani (10% Security Holder of Issuer, Director of Issuer, Senior Officer of Issuer)
Shares Sold: 12,165 (-12.1%)
Price: CAD 16.83
Total Value: CAD 204,736
Insight: Reiss’s second repeat sale further reduces their Canada Goose stake. The consistent divestment may be for personal financial strategy, with the company’s global brand strength intact.

Canada Goose Holdings Inc (GOOS)
Seller: Sinclair, Jonathan (Senior Officer of Issuer)
Shares Sold: 2,963 (-26.9%)
Price: CAD 17.32
Total Value: CAD 51,325
Insight: Jonathan Sinclair’s repeat selling, reducing holdings by 26.9%, suggests personal financial planning. Canada Goose’s premium outerwear market position remains strong.

Canada Goose Holdings Inc (GOOS)
Seller: Sinclair, Jonathan (Senior Officer of Issuer)
Shares Sold: 2,975 (-27.0%)
Price: CAD 16.83
Total Value: CAD 50,069
Insight: Sinclair’s second repeat sale aligns with other insider activity at Canada Goose. The 27.0% reduction indicates personal financial strategy, not operational concerns.

Canada Goose Holdings Inc (GOOS)
Seller: Binder, Daniel (Senior Officer of Issuer)
Shares Sold: 3,068 (-60.1%)
Price: CAD 17.32
Total Value: CAD 53,144
Insight: Daniel Binder’s 60.1% reduction in Canada Goose shares indicates a major divestment, likely for personal reasons. The company’s global expansion plans remain robust.

European Residential Real Estate Investment Trust (ERE.UN)
Seller: Burke, Harold Allan (Director of Issuer, Director or Senior Officer of 10% Security Holder)
Shares Sold: 54,619 (-95.6%)
Price: CAD 2.53
Total Value: CAD 138,284
Insight: Harold Burke’s near-total divestment from ERE.UN suggests a significant shift, possibly for strategic or personal reasons. The REIT’s European residential focus remains stable.

Orezone Gold Corp (ORE)
Seller: Tam, Peter (Senior Officer of Issuer)
Shares Sold: 100,000 (-7.1%)
Price: CAD 1.24
Total Value: CAD 124,000
Insight: Peter Tam’s 7.1% reduction in Orezone Gold shares may reflect profit-taking in the gold mining sector. Orezone’s West African projects suggest this sale is personal.

Millennial Potash Corp (MLP)
Seller: Harris, Graham (Director of Issuer, Senior Officer of Issuer)
Shares Sold: 50,000 (-1.7%)
Price: CAD 1.38
Total Value: CAD 69,000
Insight: Graham Harris’s repeat selling in Millennial Potash suggests caution in the potash sector. The 1.7% reduction may reflect market uncertainty, though the company’s projects are promising.

Millennial Potash Corp (MLP)
Seller: Harris, Graham (Director of Issuer, Senior Officer of Issuer)
Shares Sold: 50,000 (-1.6%)
Price: CAD 1.33
Total Value: CAD 66,500
Insight: Harris’s second repeat sale continues the gradual reduction in Millennial Potash holdings. The consistent divestment may indicate personal financial strategy or sector caution.

Millennial Potash Corp (MLP)
Seller: Harris, Graham (Director of Issuer, Senior Officer of Issuer)
Shares Sold: 40,000 (-1.3%)
Price: CAD 1.29
Total Value: CAD 51,600
Insight: Harris’s third repeat sale further reduces their Millennial Potash stake. The modest 1.3% reduction suggests a deliberate strategy, possibly due to market or personal factors.

Restaurant Brands International Inc (QSR)
Seller: Tome, Vicente (Director or Senior Officer of Insider or Subsidiary of Issuer)
Shares Sold: 3,115 (-16.2%)
Price: USD 71.76
Total Value: USD 223,532
Insight: Vicente Tome’s 16.2% reduction in Restaurant Brands shares may reflect personal financial planning. The company’s strong portfolio, including Tim Hortons, suggests this sale is not operational.

BuildDirect.com Technologies Inc (BILD)
Seller: Lyra Growth Partners Inc. (10% Security Holder of Issuer)
Shares Sold: 1,798,000 (-20.7%)
Price: CAD 0.43
Total Value: CAD 773,140
Insight: Lyra Growth Partners’ 20.7% reduction in BuildDirect shares suggests a strategic divestment to reallocate capital. BuildDirect’s e-commerce focus remains a growth driver.

Rakovina Therapeutics Inc. (RKV)
Seller: De Lucrezia, Alfredo (Director of Issuer, Senior Officer of Issuer)
Shares Sold: 3,517,500
Price: CAD 0.06
Total Value: CAD 193,463
Insight: Alfredo De Lucrezia’s large sale in Rakovina Therapeutics may reflect profit-taking or strategic reallocation. The significant share volume suggests a major shift, though the company’s cancer research is promising.

Manulife Financial Corp (MFC)
Seller: Silva, Anthony Alex (Director or Senior Officer of Insider or Subsidiary of Issuer)
Shares Sold: 3,836 (-48.3%)
Price: USD 31.66
Total Value: USD 121,448
Insight: Anthony Silva’s 48.3% reduction in Manulife Financial shares suggests personal financial planning. Manulife’s strong insurance and wealth management operations indicate this sale is not operational.

Real Brokerage Inc (REAX)
Seller: Poleg, Tamir (Director of Issuer, Senior Officer of Issuer)
Shares Sold: 25,000 (-0.3%)
Price: USD 4.20
Total Value: USD 105,000
Insight: Tamir Poleg’s modest sale in Real Brokerage may reflect portfolio adjustment. The 0.3% reduction suggests confidence in the real estate tech company’s growth potential.

Linamar Corp (LNR)
Seller: Havasi, Csaba (Senior Officer of Issuer)
Shares Sold: 4,000 (-4.4%)
Price: USD 44.90
Total Value: USD 179,600
Insight: Csaba Havasi’s 4.4% reduction in Linamar shares may indicate profit-taking in the automotive manufacturing sector. Linamar’s diversified operations suggest this sale is personal.

Hudbay Minerals Inc (HBM)
Seller: Ritter, John David (Senior Officer of Issuer)
Shares Sold: 6,600
Price: CAD 12.34
Total Value: CAD 81,444
Insight: John Ritter’s repeat selling in Hudbay Minerals, a copper and zinc producer, may reflect personal financial strategy. The sale aligns with market dynamics, but Hudbay’s projects remain robust.

Nuvista Energy Ltd (NVA)
Seller: Lawford, Michael (Senior Officer of Issuer)
Shares Sold: 4,127 (-1.8%)
Price: CAD 14.08
Total Value: CAD 58,108
Insight: Michael Lawford’s 1.8% reduction in Nuvista Energy shares suggests modest profit-taking in the oil and gas sector. Nuvista’s operational strength indicates this sale is personal.

Peyto Exploration and Development Corp (Pre-Merger)
Seller: Collens, Michael Richard (Senior Officer of Issuer)
Shares Sold: 2,900 (-10.4%)
Price: CAD 19.00
Total Value: CAD 55,100
Insight: Michael Collens’ 10.4% reduction in Peyto shares may reflect pre-merger portfolio adjustments. Peyto’s natural gas assets suggest this sale is not a signal of operational concern.

Pason Systems Inc (PSI)
Seller: Smith, Russell (Senior Officer of Issuer)
Shares Sold: 4,700 (-37.0%)
Price: CAD 12.10
Total Value: CAD 56,870
Insight: Russell Smith’s 37.0% reduction in Pason Systems shares suggests significant personal financial planning. Pason’s oilfield services remain stable, indicating a non-operational motive.

Pan American Silver Corp (PAAS)
Seller: Andrews, Matthew Robert (Senior Officer of Issuer)
Shares Sold: 1,820 (-4.7%)
Price: CAD 33.62
Total Value: CAD 61,183
Insight: Matthew Andrews’ 4.7% reduction in Pan American Silver shares may reflect profit-taking amid rising silver prices. The company’s mining operations suggest this sale is personal.

Institutional Spotlight: May 30, 2025 — Notable Accumulation Signals Across Small and Mid-Caps

Institutional buying activity continued to show strong intent, with several prominent hedge funds and asset managers disclosing new or increased stakes in key names across the healthcare, education, energy, and industrial sectors. The disclosures, all filed on May 30, 2025, highlight concentrated bets by notable firms and signal growing conviction in undervalued or repositioning companies.

Beryl Capital Management LLC, led by David Witkin, disclosed a substantial stake in Vigil Neuroscience (VIGL), acquiring 4,606,267 shares—amounting to a 9.90% ownership. This aggressive positioning suggests confidence in the biotech’s long-term potential, particularly as it continues development of therapies targeting neuroinflammation.

Tenor Capital Management, under Robin Shah, disclosed three simultaneous SPAC-related positions, underscoring a strategic posture toward blank-check companies. Tenor now owns 1,489,236 shares (5.40%) of CGC Technologies (CGCTU), 1,000,000 shares (5.00%) of TAVA Investments (TVAIU), and 1,000,000 shares (7.00%) of IPODU Acquisition Corp (IPODU). The consistent 5-7% ownership range indicates a diversified but focused interest across early-stage acquisition platforms, which could be positioning for post-merger value creation.

Glazer Capital LLC, managed by Paul Glazer, revealed a commanding stake in ETWO (E2open Parent Holdings), owning 22,614,623 shares, representing 7.27% of the company. This substantial holding reaffirms Glazer’s confidence in digital supply chain solutions. The firm also took a strong position in PHX Minerals (PHX), with 3,489,541 shares, equating to 9.20% ownership, pointing toward conviction in energy assets amid commodity volatility.

Millennium Management, the multistrategy giant led by Israel Englander, reported notable activity in both housing and aluminum sectors. Millennium now owns 3,125,989 shares (5.00%) of Camping World Holdings (CWH) and 7,234,896 shares (5.10%) of Constellium SE (CSTM). These positions reflect diversified exposure to cyclical themes—recreational consumer demand and industrial metals, respectively.

Elsewhere, North Run Capital LP, run by Thomas Ellis, disclosed a near-10% stake in TELA Bio (TELA), acquiring 3,682,489 shares, equivalent to 9.30% ownership. The position signals strong institutional confidence in the surgical implant company’s trajectory, possibly ahead of a commercialization ramp or positive regulatory developments.

Finally, 325 Capital LLC, headed by Dan Friedberg, took a commanding 12.00% stake in American Public Education Inc. (APEI), owning 2,159,299 shares. As one of the most significant ownership percentages disclosed today, this move underscores a deep conviction in the turnaround or value proposition within the for-profit education sector.

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 – 2025-06-01

NCPL, IMNN, ONDS, ULTA, ADCT, BSGM, MP, ZS, SHLS, NEXT, HIMS, PLTR, BBAI, PHLT, KORE, SNT, AMLX, ORMP, VRNA, SPOT, BTM, ALNY, INOD, RNXT, HCI, INDV, PANW, BROS, HOOD, PRTH, DOCU, SFM, ALHC, COST, AZN, LEU, AXON, PGR, CRWD, VGZ, RBLX, CURI, AZ, SHAK, EAT, CNK, TK, FOUR, CVNA, RYAN, APP, NXT, CLM, CRDF, GM, ALLT, CVS, CHKP, SAP, DASH, DUK, WRBY, PDYN, MO, CHWY, NFLX, STNE, MRCY, BMEZ, REAL, GWRE, FFIV, FIS, MKL, IPI, WMT, IOT, ITRI, SNOW, EHAB, ZM, FIHL, AJG, ORCL, AGX, F, PM, T, ALL, MNDY, ROAD, AON, SO, FMCC, NUTX, FLUT, MA, WM, WEC, PAYC, EPR, OPCH, ZIM, LOPE, AIG, BOX, KTOS, MRUS, RTX, DUOL, BHF, ALKS, DAC, APH, FWONK, ORLY, ETR, RSG, CBOE, DXCM, IESC, UAL, X, BL, CME, DPG, JNJ, CB, STRL

Canadian Institutional Momentum Watchlist

EXPORT – CDN – Institutional – 2025-06-01

DOO.TO, LB.TO, MTA.V, AEP.V, AAUC.TO, NFG.V, TAL.TO, POW\.TO, LUG.TO, SES.TO, PET.TO, OLA.TO, BEPC.TO, CGO.TO, GFL.TO, MDA.TO, KNT.TO, ABX.TO, BAM.TO, CSU.TO, JWEL.TO, WILD.TO, FFH.TO, TH.TO, CCA.TO, TOI.V, DSG.TO, CXB.TO, PRL.TO, DNTL.TO, EQX.TO, USA.TO, OGC.TO, SKE.TO, ARIS.TO, NA.TO, SVM.TO, SCR.TO, CTC/A.TO, ECN.TO, TRP.TO, ARTG.V, SIA.TO, NWC.TO, PPTA.TO, BBD/B.TO, QBR/B.TO, RY.TO, ENB.TO, EMP/A.TO, FTT.TO, AIM.TO, FTS.TO, CAE.TO, NGD.TO, OR.TO, EFN.TO, TFPM.TO, GRT/UN.TO, EMA.TO, TRI.TO, MAL.TO, T.TO, ZEN.V, ACO/X.TO, NWH/UN.TO, TOT.TO, CRR/UN.TO, EXE.TO, IMG.TO, TVK.TO, ELD.TO, L.TO, DOL.TO, SSRM.TO, TXG.TO, CF.TO, WN.TO, CU.TO, FN.TO, WPK.TO, PAAS.TO, EDV.TO, K.TO, TF.TO, WPM.TO, PBH.TO, SRU/UN.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!