Ares Management Now Owns 10.5% of CCO

JC Parets
January 23, 2023

The largest insider transaction on today’s list is a Form 4 filing by Ares Management LLC.

The hedge fund reported an additional purchase worth roughly $1.3 million in Clear Channel Outdoor Holdings $CCO, increasing its total stake to 10.5%.

In another Form 4, Frank Blake,  the non-executive chairman of Delta Air Lines $DAL and the former CEO of Home Depot $HD, reported a purchase of 12,880 shares of DAL, equivalent to $496,903.

Here’s The Hot List, with data through January 20, 2023:

The only 13G on our list was filed by Portolan Capital Management, which revealed an initial stake of 5.35% in Kura Sushi USA $KRUS.

Horizon Kinetics Asset Management reported a small purchase in Texas Pacific Land Corp $TPL in its latest Form 4.

In the options market, there was bullish flow in Salesforce $CRM, Keurig Dr Pepper $KDP, Elastic N.V. $ESTC, and Centene Corporation $CNC.

Stay tuned. We'll be back on Tuesday with more insider activity.

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All Star Charts Team

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