Insider cluster buys
Three or more executives or directors bought shares on the open market in the last 90 days.
Insiders sell for many reasons but buy for one. When several of them buy with their own money at about the same time, it has historically been one of the stronger signals in public data. Awards, option exercises and planned sales are excluded; only open-market purchases count.
$10,000 in this list since 2016
Rebuilt every month from the data public at the time
- Per year
- +10.1%
- All stocks +9.4%, S&P 500 +13.8%
- Worst fall from a peak
- -40%
- All stocks -35%
- Months ahead of all stocks
- 47%
- 120 months tested
- Stocks held, on average
- 84
- Equal weights
- Past 12 months
- +4.9%
- All stocks +4.1%, S&P 500 +12.4%
- Volatility, per year
- 26%
- All stocks 22%
- Sharpe ratio
- 0.41
- All stocks 0.40; return over cash per unit of volatility
- Replaced each month
- 40%
- Share of the list that changes at a rebalance
Live since Oct 19, 2026. Holding the list as published, rebought at each month end: +1.7% against +2.1% for all stocks and +0.7% for the S&P 500, to Oct 30, 2026. Too short a period to read much into.
- Insider cluster buys
- All US stocks, equal weight
- S&P 500 (price only)
Year by year
| Portfolio | 2016from Oct 31 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026to Oct 19 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| This list | +16% | +25% | -5% | +28% | +26% | +2% | -21% | +18% | +7% | +14% | +2% |
| All US stocks | +12% | +19% |
60 stocks on the list today
As of the close on Oct 30, 2026; 0 joined and 2 left since Oct 29, 2026
| # | Company | Share price | 1D | Market cap | Buyers 3M | Insider buys 3M | Insider net 12M | 3M | P/E |
|---|---|---|---|---|---|---|---|---|---|
| 1 | $21.51 | +1.5% | $162M | 10 | $159M | +$159M | – | – | |
| 2 |
More following the informed money ideas
- Insiders buying the dipShares down 30% or more from the high, and insiders buying anyway.
- Strong quarter, insiders buyingA breakout quarter followed by net buying from insiders over six months.
- Institutions accumulating10% more 13F filers and 5% more shares held than the quarter before.
- Superinvestor favoritesStocks held by three or more of the well-known managers we follow.
A list produced by rules, not a recommendation. Past results in the backtest don't predict future returns. How the backtests work.