Turtle Creek Asset Management continues to build its position in the door and window manufacturer JELD-WEN Holding $JELD.
Friday’s Form 4 filing is its fourth filing in just two weeks and reveals an additional $16.5 million of share purchases.
The Inside Scoop (03-25-2022)
From the desk of Steve Strazza @Sstrazza
The biggest theme on our Hot List and Inside Scoop tables has been the strength from commodity stocks.
Since we launched the column, we’ve discussed the strength from energy stocks like Occidental Petroleum $OXY, agricultural stocks like Corteva $CTVA, and industrial metal names such as Freeport-McMoRan $FCX.
These names have all recently broken out and continue to show leadership. When the same theme continues to work, we want to continue to bet on it.
And that’s exactly what we’re doing with today’s setup.
GME, PCT, and DKNG Just Keep Showing Up
Revolution Medicines $RVMD director Thilo Schroeder is back on our list for the third time in just two weeks with another Form 4 filing.
Following last week’s $3.4 million buy, he revealed an additional $5.5 million purchase in his latest filing.
Insiders Love GameStop
There’s a handful of large Form 4 purchases on today’s list.
Robert Gervis, director of Aspen Aerogels $ASPN, purchased $4.5 million of stock.
Inside Scoop Weekly Strategy Session – March 23, 2022
This is the video recording of our March 23, 2022, Inside Scoop Weekly Strategy Session.
GameStop Insider “Puts His Money Where His Mouth Is”
There are a handful of interesting Form 4 filings on today’s list.
One name that stands out is the popular meme stock GameStop $GME.
Options Traders Fade the Tech Bounce
Today’s Hot List is a short one.
As the market takes a pause following four straight up days, options traders are using puts to fade the bounce in UP Fintech Holdings $TIGR and HP $HPQ.
Altimeter Capital Buys Large Stake in Confluent
The highlight of today’s list is the Altimeter Capital Form 4, which revealed a $7 million purchase in the mid-cap software stock Confluent $CFLT.
Altimeter now owns 5,131,700 shares of CFLT.
There was also a significant Form 4 filing by Sequoia Capital’s Roelof Botha, detailing a purchase in the diagnostics and research company Natera $NTRA.
Botha purchased roughly $5 million of NTRA stock, bringing his total share count to over 1.3 million.
