When Billionaires Get Busy

Nelson Peltz’s Trian Fund reported the purchase of another 1.5 million shares of the British investment management company, Janus Henderson Group $JHG. Trian's initial purchase in JHG was in the summer of 2020.

Trian paid roughly $31 per share for the recent purchase, for a total cost of about $46 million.

Peltz and Trian now control nearly 30 million shares, representing an ownership interest of almost 18%.

Harold Hamm, who founded Continental Resources $CLR in 1967 and remains the company chairman, is apparently quite bullish on his own stock.

He’s been a consistent buyer since early last year, and, after distributing some of his holdings to family members last month, he bought even more yesterday. 

Hamm purchased another $20 million of CLR stock to bring his combined share count to over 156 million.

That represents a nearly 50% ownership interest in CLR, with a market value of approximately $9 billion.

His insider buys have been an excellent signal for the past year. Will this time be any different? With the price of crude oil rising the way it has, it’s hard to be bearish on energy companies like CLR.

Here’s The Hot List, with data through March 9, 2022:

In line with yesterday’s theme of investor interest in the travel and leisure industry, Peter Kern, the CEO of Expedia $EXPE, purchased about $1 million of his own stock.

Rep. Mark Green, a Republican from Tennessee, revealed sizable purchases in two midstream oil and gas stocks.

This is actually the second filing in less than a month where Green has added some MLP names to his portfolio. 

He purchased over $750,000 worth of Energy Transfer LP $ET back in February, and he just added at least another $350,000 in yesterday’s filing.

He also purchased over $250,000 worth of Equitrans Midstream $ETRN.

While Green is most definitely making a bullish bet on the midstream oil and gas space, there’s one name that he doesn’t like so much.

Back in February, he purchased $500,000 to $1 million of EnLink Midstream $ENLC.

Less than a month later, it looks like he’s already liquidated the entire position, as his latest filing shows a sale of $500,000 to $1 million of ENLC.

Stay tuned. We'll be back Friday with more insider action.

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Allstar Charts Team.