{"id":13202,"date":"2023-08-20T17:44:01","date_gmt":"2023-08-20T17:44:01","guid":{"rendered":"https:\/\/isafespend.com\/investing\/buffett-goes-big-on-homebuilders-insider-trades-hedge-funds-weekly\/"},"modified":"2023-08-20T17:44:02","modified_gmt":"2023-08-20T17:44:02","slug":"buffett-goes-big-on-homebuilders-insider-trades-hedge-funds-weekly","status":"publish","type":"post","link":"https:\/\/isafespend.com\/?p=13202","title":{"rendered":"Buffett goes big on homebuilders: Insider trades &#038; hedge funds weekly"},"content":{"rendered":"<div>\n<div id=\"imgCarousel\" class=\"imgCarousel\">\n<p><span class=\"text\">\u00a9 Reuters. <\/span><br \/>\n<i class=\"imgGrad\"><\/i>\n<\/div>\n<p dir=\"ltr\">Investing.com &#8212; Here is your Pro Recap of the biggest insider trades and institutional investor headlines you may have missed last week: news out of Starboard Value LP and Bloomin Brands, <span itemscope=\"\" itemtype=\"http:\/\/schema.org\/Corporation\"><span itemprop=\"name\"> Berkshire Hathaway <\/span><\/span> and DR Horton, <span itemscope=\"\" itemtype=\"http:\/\/schema.org\/Corporation\"><span itemprop=\"name\"> Lennar <\/span><\/span>, and NVR, and top brass purchases at Forward Air, TG Therapeutics, <span itemscope=\"\" itemtype=\"http:\/\/schema.org\/Corporation\"><span itemprop=\"name\"> Amarin <\/span><\/span>, Funko, and <span itemscope=\"\" itemtype=\"http:\/\/schema.org\/Corporation\"><span itemprop=\"name\"> Sarepta <\/span><\/span> Therapeutics.<\/p>\n<p dir=\"ltr\">InvestingPro subscribers got this news first. Never miss another market-moving headline.<\/p>\n<h2 dir=\"ltr\"><strong>Starboard Value LP confirms 9.9% stake in Bloomin Brands<\/strong><\/h2>\n<p dir=\"ltr\">Hedge fund Starboard Value LP disclosed a 9.9% stake (8,623,000 shares) in Bloomin Brands (NASDAQ:), as reported in real time on InvestingPro. The firm did not hold shares at the end of the latest quarter ending June 30, 2023.<\/p>\n<p dir=\"ltr\">Earlier the same day, the Wall Street Journal reported that activist investor Starboard Value has strategically acquired a stake exceeding 5% in the restaurant chain operator.<\/p>\n<p dir=\"ltr\">As a result of these announcements, Bloomin Brands shares gained more than 8% on Friday.<\/p>\n<h2 dir=\"ltr\"><strong>Warren Buffett&#8217;s Berkshire Hathaway buys 3 homebuilders in Q2<\/strong><\/h2>\n<p dir=\"ltr\">Berkshire Hathaway&#8217;s (NYSE:) 13F filing with the SEC revealed the addition of new positions in three homebuilders during Q2.<\/p>\n<p dir=\"ltr\">Berkshire now owns 5,969,714 shares of DR Horton (NYSE:), 152,572 shares of Lennar (NYSE:), and 11,112 shares of NVR (NYSE:).<\/p>\n<p dir=\"ltr\">These new positions capture attention due to the ongoing challenges faced by homebuilders stemming from rising interest rates. The decision to acquire these stakes could potentially signify a bet on the anticipation of declining interest rates and a resurgence of momentum in the housing market.<\/p>\n<h2 dir=\"ltr\"><strong>CEOs snapping up shares<\/strong><\/h2>\n<p dir=\"ltr\"><strong>Forward Air (NASDAQ:)<\/strong> CEO Tom Schmitt purchased $1 million worth of the company\u2019s shares.<\/p>\n<p dir=\"ltr\"><strong>TG Therapeutics (NASDAQ:)<\/strong> CEO and President, Michael Weiss, purchased 100,000 common shares, or worth over $1M, at $10.13. Weiss owns 12,073,021 shares directly following the latest purchase.<\/p>\n<p dir=\"ltr\"><strong>Amarin (NASDAQ:)<\/strong> President and CEO, Parick Holt, purchased 300,000 common shares, or worth over $300,000, at $1.025-$1.06 per share. The purchase encompasses his entire stake in the company. Holt was appointed CEO in July and at that point agreed to purchase $300,000 worth of Amarin shares in the open market using personal funds.<\/p>\n<h2 dir=\"ltr\"><strong>Huge director buys<\/strong><\/h2>\n<p dir=\"ltr\"><strong>Funko&#8217;s (NASDAQ:)<\/strong> 10% owner Kenneth Chan Hsiang-Tze, purchased 490,825 common shares, or worth around $2.6M, at $5.3429-$5.4126 per share. Hsiang-Tze owns a total of 6,052,676 common shares following the latest purchases.<\/p>\n<p dir=\"ltr\"><strong>Sarepta Therapeutics (NASDAQ:)<\/strong> director, Michael Andrew Chambers, purchased 23,686 common shares, or worth over $2.5M, at $108.05 per share. Chambers owns 237,017 shares indirectly and 6,431 directly following the latest purchase.<\/p>\n<p dir=\"ltr\">Get ready to supercharge your investment strategy with our exclusive discounts.<\/p>\n<p dir=\"ltr\">Don&#8217;t miss out on this limited-time opportunity to access cutting-edge tools, real-time market analysis, and expert insights. Join InvestingPro today and unlock your investing potential. Hurry, the Summer Sale won&#8217;t last forever!<\/p>\n<p dir=\"ltr\"><img decoding=\"async\" title=\"summer sale\" src=\"https:\/\/isafespend.com\/wp-content\/uploads\/2023\/08\/pica3ac601c8b7dc4eb66498e862dbb02f0.png\" alt=\"summer sale\"><\/p>\n<\/div>\n<p>Read the full article <a href=\"https:\/\/www.investing.com\/news\/stock-market-news\/buffett-goes-big-on-homebuilders-insider-trades--hedge-funds-weekly-3157612\" target=\"_blank\" rel=\"noopener\">here<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>\u00a9 Reuters. Investing.com &#8212; Here is your Pro Recap of the biggest insider trades and institutional investor headlines you may have missed last week: news out of Starboard Value LP and Bloomin Brands, Berkshire Hathaway and DR Horton, Lennar , and NVR, and top brass purchases at Forward Air, TG Therapeutics, Amarin , Funko, and<\/p>\n","protected":false},"author":1,"featured_media":13203,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[49],"tags":[32],"class_list":{"0":"post-13202","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-investing","8":"tag-featured"},"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v20.12 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Buffett goes big on homebuilders: Insider trades &amp; hedge funds weekly | iSafeSpend<\/title>\n<meta name=\"description\" content=\"\u00a9 Reuters. 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