Every weekend, I dig into our insider activity tracker looking for the biggest conviction buys — and this week, we’ve got notable activity across metals, crypto, construction, and insurance.
Here’s what stands out:
Let’s start with the headline grabber.
Eric Sprott, the “King of Silver,” just poured nearly $50 million into Hycroft Mining $HYMC following a site visit of the company’s mining operations.
Sprott’s one of the most respected precious metals investors around — when he writes a check of that size, people pay attention.
Over in the Bitcoin mining space, Core Scientific $CORZ saw Situational Awareness LP boost its stake from 5.78% to 9.4%.
That’s a big move from a fund that’s been steadily building exposure to crypto infrastructure plays all year, but this is mostly an M&A play.
Even Capitol Hill got involved this week — Rep. Tim Moore disclosed a $15K–$50K purchase in Coinbase $COIN, adding a dose of crypto exposure to his portfolio.
In housing, GAMCO Investors, led by Mario Gabelli, bumped its position in Lennar Corp $LEN from 0.16% to 5.48%… or from nothing to something.
Gabelli’s no stranger to spotting value in cyclical sectors, so this jump in ownership caught my attention, particularly in light of the recent weakness from homebuilders.
Meanwhile, Neuberger Berman Group quietly increased its position in Brady Corp $BRC to 5.5%, reinforcing its conviction in this steady security and protection name.
And to wrap things up, Patrick Enright, a well-known life sciences investor, bought $2.5 million worth of Zenas Biopharma $ZBIO.
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