Buffett Tops Another Big Hot List

JC Parets
August 9, 2022

Today’s most significant insider transaction report is another Form 4 filing by Warren Buffett’s Berkshire Hathaway $BRK.A.

Buffet continues to increase his position in Occidental Petroleum $OXY, as he just reported an additional purchase, this one worth roughly $390 million.

Berkshire acquired the shares over the past several trading days at prices between $57 and $60 per share.

Jeffrey W. Ubben of ValueAct Capital revealed the acquisition of 891,533 shares, equivalent to $79 million in Exxon Mobil $XOM in a Form 4.

Ubben was appointed to Exxon Mobil’s $XOM board of directors in March 2021.

The only 13G on our list today was filed by Luxor Capital Group, LP. The hedge fund revealed a 5% ownership stake in The Beauty Health Company $SKIN.

Here’s The Hot List, with data through August 8, 2022:

In another Form 4, Leonard Green & Partners reported a $78.6 million purchase in the multinational electrical distribution company WESCO International $WCC.

The hedge fund now has an 11.20% ownership interest.

Voce Capital Management filed a 13D revealing an ownership stake of 9.50% in Argo Group International Holdings $ARGO.

Over in Washington, there was some activity from Rep. Virginia Foxx of North Carolina, who disclosed purchases in Alliance Resource Partners $ARLP, Kellogg $K, Pembina Pipeline $PBA, and Procter & Gamble $PG.

Last but not least, there was bullish flow in the sports betting company  DraftKings $DKNG, the multinational electronic retailer Best Buy $BBY, and the retail broker Robinhood $HOOD.

There was also bearish flow in Redfin Corporation $RDFN.

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

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All Star Charts Team

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