Baker Bros Reports a $62 Million $MDGL Purchase

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

Here's what stood out today:

📌 Madrigal Pharmaceuticals $MDGL – Baker Bros Advisors just filed a Form 4 for $61.92 million.
 
The Bakers are the ones to follow when it comes to biotech – their track record of backing big winners in the space is unmatched. 

A move of this magnitude commands our full attention – especially as the stock pushes to complete a base that’s been building for nearly two decades.

We wrote a deep dive into the Bakers’ top holdings earlier this month – you can check it out here.

Here’s The Hot Corner, with data from August 20, 2025:

Click the table to enlarge it.

📌 Western Union $WU – CFO Matthew Cagwin bought $146,000 worth of stock per a fresh Form 4. 

Payments legacy name getting C-suite skin in the game is interesting, especially as shares trade at all-time lows. 

📌 Goosehead Insurance $GSHD – Durable Capital filed a 13G revealing an increase in its ownership stake from 2.72% to 5.70%.
 
Top-tier growth funds doubling their stake is always noteworthy, especially when the purchase comes at a key polarity level.

📌 PAR Technology $PAR – Voss Capital raised its stake from 4.22% to 5.90%.