Billionaire Ken Fisher and Corporate Insiders Are Buying These 10 Stocks

Published on March 14, 2024 at 3:53 pm by Fahad Saleem in Hedge Funds, Insider Trading, News

In this article, we will take a detailed look at Billionaire Ken Fisher and Corporate Insiders Are Buying These 10 Stocks. For a quick overview of such stocks, read our article Billionaire Ken Fisher and Corporate Insiders Are Buying These 5 Stocks.

Stocks wobbled on Thursday after a hotter-than-expected PPI report confirmed fears that inflation in the US remains sticky and the Fed will have to wait until at least the second half of 2024 before it could begin to cut interest rates. However, analysts believe the broader outlook of the economy remains strong and the bulls claim now could be the right time to pile into stocks for long-term gains. LPL Financial in its letter to investors earlier this month said that it does not believe there would be a “storm” before the current calm in the market. In fact, the financial services company is expecting stocks to keep gaining throughout 2024 as it cited data showing that when stocks begin a new year on a positive note, they keep gaining on the back of momentum in the following months. LPL said when the S&P 500 has been up in January and February, it has gained an average of 11% over the rest of the year and has been higher in 26 out of 28 cases. LPL also said that the Fed’s rate hike cycle is almost over now and stocks can keep gaining momentum despite a higher for longer scenario if inflation remains sticky. That’s because LPL believes high earnings growth and future earnings expectations are justifying stock valuations.

But LPL doesn’t believe everything would be fun and games in the market in the coming months.

“History does suggest volatility may pick up after such a strong and steady advance. Although the S&P 500 has returned over 11% annualized since 1980, on average, the index typically experiences one 10% correction per year and three 5% to 10% pullbacks. A divisive presidential election now just eight months away could bring more volatility, as could geopolitical tensions or weakness in the mega-cap technology stocks.”

Beyond Magnificent Seven

Another reason to bet on stocks in 2024, according to market bulls, is expectations that the stock market rally that started in 2023 on the back of the AI wave and strong economy would broaden out to other, smaller companies instead of remaining concentrated in a few stocks (read Magnificent Seven or a handful of mega-cap tech stocks). In a December 2023 report, BlackRock said that historically, equal-weighted index has always beaten market cap-weighted index in terms of returns over the past 20 years. BlackRock said 2023 was an anomaly and it expects the market’s “reversion to the mean” in 2024.

Methodology

In this backdrop we decided to see which stocks billionaire Ken Fisher and corporate insiders have been loading up on. For that we first scanned Ken Fisher’s Q4’2023 portfolio and picked stocks that saw insider buying activity over the past one year. From these stocks we picked the companies with the highest insider purchases in terms of dollar value. Some of the top names in the list include Exxon Mobil Corp (NYSE:XOM), Block Inc (NYSE:SQ) and Warner Bros Discovery Inc (NASDAQ:WBD). With each stock we have mentioned Ken Fisher’s stake, as of the end of the fourth quarter of 2023. But why is it important to keep tabs on hedge fund and insider activity? Hedge funds’ top 10 consensus stock picks outperformed the S&P 500 Index by more than 140 percentage points over the last 10 years (see the details here).

10. Lineage Cell Therapeutics Inc (NYSE:LCTX)

Ken Fisher’s Stake: $10,900

On February 6, Broadwood Partners, L.P., which has a director status at Lineage Cell Therapeutics Inc (NYSE:LCTX), bought 6,730,770 shares of Lineage Cell Therapeutics Inc (NYSE:LCTX) at $1.04 per share. The transaction was part of an agreement of Lineage Cell Therapeutics Inc (NYSE:LCTX) according to which it planned to raise about $14 million.

According to the company, Broadwood Partners had agreed to purchase 6.73 million shares in an offering, and board member, Don Bailey, agreed to buy about 100,000 shares. On February 6 the stock was trading at around $1.11. Since then the stock price has jumped by about 9%. In addition to LCTX, hedge funds also like Exxon Mobil Corp (NYSE:XOM), Block Inc (NYSE:SQ) and Warner Bros Discovery Inc (NASDAQ:WBD).

9. Transocean LTD (NYSE:RIG)

Ken Fisher’s Stake: $175,983

Frederik Wilhelm Mohn, a director at Transocean LTD’s (NYSE:RIG) board, amassed one million shares of Transocean LTD (NYSE:RIG) at $4.89 per share on February 27, 2024. Since then the stock has gained about 16% as of March 13.

Ken Fisher’s hedge fund reported owning a stake worth about $175,983 in the company as of the end of the fourth quarter of 2023. Insider Monkey’s database of 933 hedge funds shows that 45 hedge funds had stakes in Transocean LTD (NYSE:RIG) as of the end of December 2023.

Last month, during its latest earnings call, the company’s management talked about guidance and expectations:

“Over the next 18 months, we expect the award of 7 more rig lines based on open opportunities, including 5 between Petrobras’ Sépia and Roncador tenders, which are expected to be awarded in the second quarter of this year. We anticipate that at least 1 of the 7 rigs will come from outside the region. If this materializes as expected, including rigs currently preparing 4 and mobilizing 2 contracts for previously awarded work, the rig count in Brazil will increase from 31 there today to 36 rigs by the end of 2025. The U.S. Gulf of Mexico continues to be a source of steady demand, with several tenders and negotiations ongoing. We expect that most demand requirements over the next 18 months will be met by rigs already in the region and don’t currently anticipate adding significant capacity to the area since the introduction of the Atlas, Titan and Stena Evolution contracts.

The U.S. Gulf is shifting from a market characterized by short lead time, short duration opportunities to a longer lead time, longer duration market. Beyond this 18-month horizon, additional demand for long-term work has materialized from several of the major E&P companies as they seek to secure the right high specification assets for their ongoing developments. We continue to be encouraged by demand in West Africa and currently expect that up to 13 programs will commence in the next 18 months. Notably, half of these programs are at least 2 years in duration. Namibia continues to exhibit significant potential with recently announced discoveries by TotalEnergies, Shell and Galp Energia and we expect most of the 4 rigs currently on contracting country to be extended.”

Read the entire earnings call transcript here.

8. Energy Transfer LP Unit (NYSE:ET)

Ken Fisher’s Stake: $178,645

Energy Transfer LP Unit (NYSE:ET) ranks eighth in our list of the stocks corporate insiders and Ken Fisher are crazy about. Energy Transfer LP Unit (NYSE:ET) saw heavy insider buying activity last year. On December 12, 2023, Energy Transfer LP Unit’s (NYSE:ET) co-CEO Mackie McCrea bought 50,000 shares of Energy Transfer LP Unit (NYSE:ET) at $13.19 per share. Since then the stock has gained about 14%.
Ken Fisher’s hedge fund reported owning a $178,645 stake in Energy Transfer LP Unit (NYSE:ET) as of the end of the fourth quarter of 2023. Overall, 34 hedge funds tracked by Insider Monkey had stakes in Energy Transfer LP Unit (NYSE:ET).

Silver Beech Capital made the following regarding Energy Transfer LP (NYSE:ET) in its fourth quarter 2023 investor letter:

Energy Transfer LP (NYSE:ET) owns and operates the largest and most balanced collection of energy infrastructure assets in the United States. ET’s assets include 125,000 miles of oil and natural gas pipelines, export facilities on both the Gulf Coast and East Coast, and more than 1 million barrels per day of natural gas liquid fractionation capacity. ET accounts for 20% of worldwide natural gas liquid exports. Further, ET is uniquely connected to every major hydrocarbon basin in the United States.

By assembling energy infrastructure to gather, process, transport, and store hydrocarbons, ET connects exploration and production companies (“E&Ps”) with downstream end users such as gas stations, utilities, and export facilities. As an end-to-end midstream solution, ET enables its customers to focus on their portion of the value chain without the burden of significant but essential midstream logistics. ET’s services thus add tremendous value to all constituents of the energy marketplace.

Though natural gas is a relatively clean source of fuel, restrictive federal and state regulations and other permissions severely restrict the building of natural gas pipelines and other infrastructure in North America that would help facilitate abundant hydrocarbon production. Pipelines are by far the cheapest and greenest method of transporting hydrocarbons; pipelines reduce emissions from truck transport and reduce congestion on highways, rail, and shipping routes…” (Click here to read the full text)

7. Air Products and Chemicals Inc (NYSE:APD)

Ken Fisher’s Stake: $321,120

Air Products and Chemicals Inc (NYSE:APD) CEO Seifi Ghasemi loaded up on 11,000 shares of the company at $264.42 per share on November 13, 2023. At that time the stock was trading at around $265.03. Since then through March 13 the stock has lost about 7% in value.

Ken Fisher’s hedge fund reported owning just 1,172 shares of Air Products and Chemicals Inc (NYSE:APD) as of the end of the fourth quarter of 2023.

Like APD, insiders are also buying Exxon Mobil Corp (NYSE:XOM), Block Inc (NYSE:SQ) and Warner Bros Discovery Inc (NASDAQ:WBD).

6. Sarepta Therapeutics Inc (NASDAQ:SRPT)

Ken Fisher’s Stake: $1,313,086

Sarepta Therapeutics Inc (NASDAQ:SRPT) ranks sixth in our list of the stocks bought by Ken Fisher and corporate insiders. Fisher Investments had a $1.3 million stake in Sarepta Therapeutics Inc (NASDAQ:SRPT) as of the end of the fourth quarter of 2023. The stock saw heavy insider buying activity in 2023. On November 3, Richard Barry, a director at Sarepta Therapeutics Inc’s (NASDAQ:SRPT) board, loaded up on 50,000 shares of Sarepta Therapeutics Inc (NASDAQ:SRPT) at $78.81 per share. The total value of this transaction was about $3.9 million. Since the date of this insider buying activity the stock has jumped about 56% in value. Back in August 2023 another director at Sarepta Therapeutics Inc’s (NASDAQ:SRPT) board had bought 34,867 shares of Sarepta Therapeutics Inc (NASDAQ:SRPT) at $106.15 per share.

Click to continue reading and see Billionaire Ken Fisher and Corporate Insiders Are Buying These 5 Stocks.

AI, Tariffs, Nuclear Power: One Undervalued Stock Connects ALL the Dots (Before It Explodes!)

Published on May 7, 2025 at by Inan Dogan, PhD

Artificial intelligence is the greatest investment opportunity of our lifetime. The time to invest in groundbreaking AI is now, and this stock is a steal!

AI is eating the world—and the machines behind it are ravenous.

Each ChatGPT query, each model update, each robotic breakthrough consumes massive amounts of energy. In fact, AI is already pushing global power grids to the brink.

Wall Street is pouring hundreds of billions into artificial intelligence—training smarter chatbots, automating industries, and building the digital future. But there’s one urgent question few are asking:

Where will all of that energy come from?

AI is the most electricity-hungry technology ever invented. Each data center powering large language models like ChatGPT consumes as much energy as a small city. And it’s about to get worse.

Even Sam Altman, the founder of OpenAI, issued a stark warning:

“The future of AI depends on an energy breakthrough.”

Elon Musk was even more blunt:

“AI will run out of electricity by next year.”

As the world chases faster, smarter machines, a hidden crisis is emerging behind the scenes. Power grids are strained. Electricity prices are rising. Utilities are scrambling to expand capacity.

And that’s where the real opportunity lies…

One little-known company—almost entirely overlooked by most AI investors—could be the ultimate backdoor play. It’s not a chipmaker. It’s not a cloud platform. But it might be the most important AI stock in the US owns critical energy infrastructure assets positioned to feed the coming AI energy spike.

As demand from AI data centers explodes, this company is gearing up to profit from the most valuable commodity in the digital age: electricity.

The “Toll Booth” Operator of the AI Energy Boom

It owns critical nuclear energy infrastructure assets, positioning it at the heart of America’s next-generation power strategy.
It’s one of the only global companies capable of executing large-scale, complex EPC (engineering, procurement, and construction) projects across oil, gas, renewable fuels, and industrial infrastructure.
It plays a pivotal role in U.S. LNG exportation—a sector about to explode under President Trump’s renewed “America First” energy doctrine.

Trump has made it clear: Europe and U.S. allies must buy American LNG.

And our company sits in the toll booth—collecting fees on every drop exported.

But that’s not all…

As Trump’s proposed tariffs push American manufacturers to bring their operations back home, this company will be first in line to rebuild, retrofit, and reengineer those facilities.

AI. Energy. Tariffs. Onshoring. This One Company Ties It All Together.

While the world is distracted by flashy AI tickers, a few smart investors are quietly scooping up shares of the one company powering it all from behind the scenes.

AI needs energy. Energy needs infrastructure.

And infrastructure needs a builder with experience, scale, and execution.

This company has its finger in every pie—and Wall Street is just starting to notice.

Wall Street is noticing this company also because it is quietly riding all of these tailwinds—without the sky-high valuation.

While most energy and utility firms are buried under mountains of debt and coughing up hefty interest payments just to appease bondholders…

This company is completely debt-free.

In fact, it’s sitting on a war chest of cash—equal to nearly one-third of its entire market cap.

It also owns a huge equity stake in another red-hot AI play, giving investors indirect exposure to multiple AI growth engines without paying a premium.

And here’s what the smart money has started whispering…

The Hedge Fund Secret That’s Starting to Leak Out

This stock is so off-the-radar, so absurdly undervalued, that some of the most secretive hedge fund managers in the world have begun pitching it at closed-door investment summits.

They’re sharing it quietly, away from the cameras, to rooms full of ultra-wealthy clients.

Why? Because excluding cash and investments, this company is trading at less than 7 times earnings.

And that’s for a business tied to:

The AI infrastructure supercycle
The onshoring boom driven by Trump-era tariffs
A surge in U.S. LNG exports
And a unique footprint in nuclear energy—the future of clean, reliable power

You simply won’t find another AI and energy stock this cheap… with this much upside.

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Billionaire Ken Fisher and Corporate Insiders Are Buying These 10 Stocks

Published on March 14, 2024 at 3:53 pm by Fahad Saleem in Hedge Funds, Insider Trading, News

Beyond Magnificent Seven

10. Lineage Cell Therapeutics Inc (NYSE:LCTX)

9. Transocean LTD (NYSE:RIG)

8. Energy Transfer LP Unit (NYSE:ET)

7. Air Products and Chemicals Inc (NYSE:APD)

6. Sarepta Therapeutics Inc (NASDAQ:SRPT)

AI, Tariffs, Nuclear Power: One Undervalued Stock Connects ALL the Dots (Before It Explodes!)

Published on May 7, 2025 at by Inan Dogan, PhD

A New Dawn is Coming to U.S. Stocks

Published on January 7, 2025 at by Insider Monkey Staff

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Retirement

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Billionaire Ken Fisher and Corporate Insiders Are Buying These 10 Stocks

Published on March 14, 2024 at 3:53 pm by Fahad Saleem in Hedge Funds, Insider Trading, News

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Beyond Magnificent Seven

10. Lineage Cell Therapeutics Inc (NYSE:LCTX)

9. Transocean LTD (NYSE:RIG)

8. Energy Transfer LP Unit (NYSE:ET)

7. Air Products and Chemicals Inc (NYSE:APD)

6. Sarepta Therapeutics Inc (NASDAQ:SRPT)

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AI, Tariffs, Nuclear Power: One Undervalued Stock Connects ALL the Dots (Before It Explodes!)

Published on May 7, 2025 at by Inan Dogan, PhD

A New Dawn is Coming to U.S. Stocks

Published on January 7, 2025 at by Insider Monkey Staff