Why insider trading matters?

If management teams do not own any relevant stakes in the companies they guide, they may not be focused on creating wealth for shareholders to the same degree, compared to those that see their personal wealth increase when share prices rise.

- Klaus Gugler, Economist

Top Fund Portfolio

Bares Capital Management, Inc.
Brian Bares - 2020Q2
AVENIR CORP
Peter C. Keefe, James H. Rooney, Charles G. Mackall - 2020Q2
Marcato Capital Management LP
Mick McGuire - 2019Q4
RA CAPITAL MANAGEMENT, L.P.
Peter Kolchinsky - 2020Q2
CAXTON CORP
Andrew Law - 2020Q2

Last 7 Days

Most actively traded:
AZEK (13 times) GABC (7 times) MNRL (7 times) OKTA (7 times) AAWW (6 times) SPLK (6 times) ZNGA (6 times) VRNT (6 times) GWRE (6 times) CRM (6 times)
Most bought by #shares:
QTNT (2.9M) ETNB (1M) UBI (1M) CLRO (812.4K) RZLT (625K) CTHR (353.7K) PTIE (262K) NWGI (259.1K) AVDL (192K) TRTX (189.8K) PER (180.5K) TAX (149.8K) MRUS (146.8K) KFS (136.6K) TDG (133.3K)
Most bought by value:
TDG ($67.7M) ETNB ($36M) QTNT ($12.4M) AVGO ($7.2M) TAX ($3.7M) CLRO ($2M) PTIE ($1.9M) MRUS ($1.7M) TRTX ($1.7M) BNL ($1.2M) AVDL ($1.1M) SAFE ($1.0M) OM ($634.5K) VOXX ($562.6K) JBGS ($548.6K)
Most sold by #shares:
AZEK (29M) MNRL (27.3M) CIDM (19.7M) SGMS (9.4M) FSLR (8.6M) FOUR (7.9M) SYNH (6.5M) DVA (4M) MTEM (1M) ERA (701.3K)
Most sold by value:
AZEK ($941.9M) FSLR ($592.5M) SYNH ($383.3M) DVA ($370M) FOUR ($366.7M) SGMS ($262.5M) MNRL ($220.2M) GH ($55.8M) SDGR ($32M) SQ ($30.8M)

Last 15 Days

Most actively traded:
VICR (15 times) DXCM (14 times) SAM (14 times) CRM (13 times) AZEK (13 times) YEXT (13 times) SPLK (12 times) ATNX (12 times) TTC (11 times) AAWW (10 times)
Most bought by #shares:
TLRS (3.5M) QTNT (2.9M) ATNX (2.1M) UBI (1.7M) PER (1.4M) ETNB (1M) RZLT (1M) CLRO (812.4K) TCON (708.5K) BRY (594.5K) BCTG (533.5K) GBDC (530.2K) ODT (450K) TRTX (431.5K) RDUS (399K)
Most bought by value:
ETNB ($36M) TDG ($23.7M) ATNX ($23.1M) KOD ($15.3M) ALBO ($13.7M) QTNT ($12.4M) CAR ($9M) IGMS ($9.0M) PSA ($8.5M) GBDC ($6.9M) ODT ($6.7M) BCTG ($5M) RDUS ($4.6M) KRTX ($3.9M) TRTX ($3.8M)
Most sold by #shares:
PRPL (40.9M) AZEK (29M) MNRL (27.3M) CIDM (19.7M) KDP (12.5M) SGMS (9.4M) FSLR (8.6M) AM (9M) FOUR (7.9M) RVLV (7.6M)
Most sold by value:
AZEK ($941.9M) PRPL ($758.4M) FSLR ($592.5M) SYNH ($383.3M) DVA ($370M) FOUR ($366.7M) KDP ($362.1M) SGMS ($262.5M) MNRL ($220.2M) RVLV ($146.0M)

Last 30 Days

Most actively traded:
CRM (35 times) CCNE (31 times) RCG (24 times) YEXT (24 times) SAM (23 times) GBDC (20 times) DXCM (18 times) GNMK (17 times) CSTL (17 times) GSHD (16 times)
Most bought by #shares:
VKIN (7.5M) ETTX (4.7M) TLRS (4.5M) ODT (4.3M) FPAC (3.6M) THM (3.4M) QTNT (2.9M) GOGO (2.6M) RZLT (2M) BW (2.1M) ATNX (2.1M) SDC (2.0M) UBI (1.7M) MITI (1.5M) PER (1.4M)
Most bought by value:
ODT ($61.7M) CAR ($37.8M) ETNB ($36M) AXS ($35.2M) FPAC ($31.3M) GOGO ($26.3M) TDG ($23.7M) ATNX ($23.1M) GBLI ($20.8M) SDC ($15.9M) IGMS ($15.4M) KOD ($15.3M) ALBO ($13.7M) IMVT ($12.7M) ETTX ($12.5M)
Most sold by #shares:
ZI (43.2M) PRPL (40.9M) VAL (39.5M) AZEK (29M) MNRL (27.3M) CIDM (19.7M) CDAY (15.0M) NAHD (13.0M) KDP (12.5M) SGMS (9.4M)
Most sold by value:
MSFT ($189B) ZI ($1.5B) CDAY ($1.1B) AZEK ($941.9M) PRPL ($758.4M) FSLR ($592.5M) BILL ($432.0M) SYNH ($383.3M) DVA ($369.7M) FOUR ($366.7M)

Last 90 Days

Most actively traded:
CRM (103 times) GSHD (78 times) RCG (77 times) TPL (57 times) YEXT (57 times) MRNA (54 times) WORK (52 times) PGNY (49 times) XAIR (46 times) ZG (46 times)
Most bought by #shares:
BAC (85M) SHRG (38M) GNCA (32.8M) PQEFF (15M) SLNO (14.2M) CFOO (14M) BPSR (12.4M) CLR (10.6M) MGM (9.7M) AKUS (9.5M)
Most bought by value:
EMBI ($125.0B) SOAN ($8B) CLNH ($6B) BAC ($2.1B) AXS ($192.3M) MGM ($178.4M) CLR ($178M) AKUS ($162.2M) NKTX ($151.0M) RRR ($130.5M)
Most sold by #shares:
VRUS (200M) KDP (116.6M) ACI (74.2M) AVTR (56.5M) PRPL (50.4M) VAL (48.5M) VRT (46M) ZI (43.2M) OPCH (32M) SMRT (31.5M)
Most sold by value:
MSFT ($189.0B) KDP ($3.4B) AMZN ($3.2B) ZI ($1.5B) ACI ($1B) AVTR ($1.1B) CDAY ($1.1B) FISV ($989.2M) FTV ($972.4M) PRPL ($949.3M)

Insider Smart

PENN NATIONAL GAMING INC (PENN) - PENN took a deep dive from $36 to $5 due to the crash, anyone who was bold enough to pick up some shares in March or April could have made a 900% profit in 2 months. But bottom fishing is always easier said than done, if one took a safer bet and followed multiple insider buying around $18, a 100% profit is still impressive.

Insider Smart

Enphase Energy, Inc (ENPH) - ENPH was $10+ in 15Q1 then dropped to $2 and eventually went under $1. From 15Q4 to 17Q4 it built a 2-year-long base then BOOM! Stock went as high as $70 and likely will make a new high. Catch one or two moves like this you can retire early. One hint before the big move was that CEO and CFO were constantly accumulating, this kind of information is priceless.