CEO Joe Hinrichs Reports a $2 Million $CSX Buy

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.

📌 CSX Corp $CSX – President and CEO Joe Hinrichs filed a $2 million Form 4 buy.

This is a sign of big conviction from the top rail executive – not something we see often in the transports space.

📌 Biglari Holdings $BH – GAMCO Investors lifted its 13D from 6.19% to 6.49%.

Mario Gabelli’s team continues to grind higher on ownership as the stock breaks out to its highest level since 2018.

Here’s The Hot Corner, with data from October 21, 2025:

Click the table to enlarge it.

📌 Commercial Metals $CMC – Director John McPherson picked up roughly $100,000 in stock.
 
It’s a modest buy, but it keeps insider sentiment positive for one of the quiet outperformers in steel manufacturing.

📌 Orthofix Medical $OFIX – Juniper Investment Company lifted its 13D from 6.30% to 8.20%.

Juniper specializes in small-cap turnarounds, and Orthofix fits the mold – operational restructuring, activist overlap, and under-the-radar momentum.

📌 American Resources $AREC – Citadel Advisors disclosed a 9.99% stake.

Ken Griffin’s team usually plays the liquidity and volatility angles, so this looks more like a tactical positioning than a long-term hold in the critical metals space.