Pleasant Lake Partners LLC made a notable move in 1-800-FLOWERS.COM $FLWS. The investment manager acquired 724,700 FLWS shares, a purchase worth approximately $5.7 million.
Meanwhile, Pzena Investment Management increased its stake in Magna International Inc $MGA, filing a 13G that reflects a rise in ownership from 9.15% to 10.00%.
Here’s The Hot Corner, with data from February 4, 2025:
On the insider front, Director Robert Stallings disclosed a modest purchase of Texas Capital Bancshares $TCBI, buying shares valued at $250,434.
Today's most significant insider transaction comes straight from a Form 4 filing by none other than Warren Buffett.
Uncle Warren just scooped up 2,308,119 shares of Sirius XM Holdings $SIRI—a $54 million bet—pushing Berkshire Hathaway’s stake to 35.35%.
When Buffett adds, it’s worth paying attention.
Here’s The Hot Corner, with data from February 3, 2025:
Meanwhile, hedge funds are making moves in biotech:
RA Capital Management disclosed a $50 million purchase in 89bio $ETNB. This is a fund known for backing early-stage biotech names before big breakouts. Their track record includes early stakes in Moderna in 2015.
Paradigm Biocapital Advisors just filed a 13G for Edgewise Therapeutics $EWTX, reporting a 5.00% stake.
Another insider transaction to hit the tape was from Platinum Equity LLC.
A Form 4 filing reveals a $32.5 million purchase...
Director Elizabeth Davis just put nearly $200,000 on the line for 10,725 shares of Comstock Resources $CRK, a bold bet on the energy space.
Here’s The Hot Corner, with data from January 31, 2025:
Meanwhile, over in the financial sector, Timothy Hunter of Northwest Bancshares $NWBI scooped up 10,000 shares, signaling confidence in the regional banking sector.
Today's standout insider transaction comes from Ally Financial $ALLY CEO Michael G. Rhodes, who just made a bold move, buying 25,634 shares worth roughly $1 million.
When a CEO puts their own money on the line, it's always worth paying attention.
Here’s The Hot Corner, with data from January 29, 2025:
Last but not least, John C. Malone is back at it, adding to his stake in The Liberty Braves Group $BATRA with a fresh $935,450 buy.
First up, Control Empresarial de Capitales S.A., the Mexican investment firm known for its deep pockets and strategic plays, just scooped up 100,000 shares of PBF Energy Inc $PBF.
That’s a $2.9 million bet on the refiner, and it raises eyebrows as energy stocks continue their promising climb into the first weeks of 2025.
Here’s The Hot Corner, with data from January 24, 2025:
Meanwhile, John C. Malone has added to his stake in The Liberty Braves Group $BATRA.
Malone grabbed 33,600 shares, reinforcing his commitment to the company behind the Atlanta Braves franchise.