Industry ownership intelligence

Capital Markets insider conviction

Executive and director activity assessed across 30 companies for breadth, transaction quality, clustering, freshness, and directional conviction.

42/100

Distribution bias

94/100 confidence
Level
Industry
Evidence window
Latest 90 days
Named insiders
199
Latest evidence
10 Sep 2026

Capital positioning read

Distribution bias

Priced common-share disposals are concentrated enough to warrant review, but they are not treated as a standalone bearish forecast.

Demand a stronger confirmation bar

Evidence in favour

  • 90 distinct acquisition events survive duplicate and security-type controls.
  • Participation spans 199 named insiders rather than one filing source.
  • The latest qualifying evidence is fresh, dated 10 Sep 2026.

Decision risks

  • Qualifying disposal events outnumber acquisitions, although disposals receive a lower directional weight.
Conviction42Distribution bias
Confidence94Deep evidence
Controlled events502directional common-share events
Company breadth30represented companies
Acquisition value$473.2Mnormalized amount
Disposal value$602.8Mnormalized amount

Flow regime

Twelve-week filing pressure

Shows the cadence and balance of the full filing tape.

9829 Jun
5206 Jul
2913 Jul
5120 Jul
7327 Jul
11903 Aug
6210 Aug
4317 Aug
5824 Aug
12631 Aug
4807 Sep
014 Sep
AcquisitionsDisposalsScore 42 ยท Confidence 94

Relative positioning

Industry peer map

Current score with confidence.

Directional balance

Controlled event mix

17.9%acquisition
Acquisition events
90
Disposal events
412
Net value
-$129.6M

Evidence quality

What the filings represent

Common equity637
Equity compensation139
Options and derivatives46
Other securities21

Decision makers

Role participation

Director272
Other executive207
CEO and chair119
Large holder109
Finance leadership69
Other or unspecified67

Quality controls

Evidence usability

Normalized values
61%
Priced common share
60%
Named insiders
199
Controlled events
502

Auditable evidence

Latest Capital Markets filings

Showing 1 to 30 of 843.

HLIHoulihan Lokey Inc
CRAIN, CHRISTOPHER MGENERAL COUNSEL
AcquisitionCommon equity
Not reportedContext evidence
HLIHoulihan Lokey Inc
CRAIN, CHRISTOPHER MGENERAL COUNSEL
DisposalCommon equity
Not reportedContext evidence
SNEXStonex Group Inc
LYON, CHARLES MPresident
DisposalCommon equity
Not reportedContext evidence
WULFTerawulf Inc
KHAN, NAZAR M.Director, Chief Technology Officer
DisposalOther securities
Not reportedContext evidence
WULFTerawulf Inc
KHAN, NAZAR M.Director, Chief Technology Officer
AcquisitionOther securities
Not reportedContext evidence
MKTXMarketAxess Holdings Inc
CRUGER, WILLIAM FRANK JR.Director
DisposalCommon equity
$1.0MDirectional evidence
HLIHoulihan Lokey Inc
CRAIN, CHRISTOPHER MGENERAL COUNSEL
DisposalCommon equity
$140.2KDirectional evidence
MKTXMarketAxess Holdings Inc
PINTOFF, SCOTTGeneral Counsel and Secretary
DisposalCommon equity
$16.3KDirectional evidence
GLXYGalaxy Digital Holdings Ltd
FRIEDRICH, MATTHEW W.Chief Legal Officer
DisposalCommon equity
$135.0KDirectional evidence
ANYSphere 3D Corp
BLOCK, JOEL MDirector, Chief Executive Officer
AcquisitionOptions and derivatives
Not reportedContext evidence
ANYSphere 3D Corp
GATES, NICHOLAS RAYDirector
AcquisitionOptions and derivatives
Not reportedContext evidence
ANYSphere 3D Corp
HANLEY, TIMOTHY P.Director
AcquisitionOptions and derivatives
Not reportedContext evidence
CRCLCircle Internet Group, Inc.
CHANDHOK, NIKHILChief Product & Tech. Officer
DisposalOptions and derivatives
Not reportedContext evidence
CLSKCleanSpark Inc
SCHULTZ, S. MATTHEWDirector, CEO & Chairman
DisposalCommon equity
$3.4MDirectional evidence
CRCLCircle Internet Group, Inc.
CHANDHOK, NIKHILChief Product & Tech. Officer
DisposalCommon equity
$2.7MDirectional evidence
CRCLCircle Internet Group, Inc.
ALLAIRE, JEREMYDirector, Chairman and CEO
DisposalCommon equity
$2.2MDirectional evidence
CRCLCircle Internet Group, Inc.
ALLAIRE, JEREMYDirector, Chairman and CEO
DisposalCommon equity
$1.5MDirectional evidence
CLSKCleanSpark Inc
SCHULTZ, S. MATTHEWDirector, CEO & Chairman
DisposalCommon equity
$1.2MDirectional evidence
CRCLCircle Internet Group, Inc.
ALLAIRE, JEREMYDirector, Chairman and CEO
DisposalCommon equity
$1.1MDirectional evidence
WULFTerawulf Inc
MOTZ, CATHERINE J.Director
DisposalCommon equity
$997.9KDirectional evidence
CLSKCleanSpark Inc
VECCHIARELLI, GARY ANTHONYPresident, CFO
DisposalCommon equity
$974.4KDirectional evidence
GLXYGalaxy Digital Holdings Ltd
FRIEDRICH, MATTHEW W.Chief Legal Officer
DisposalCommon equity
$806.5KDirectional evidence
CLSKCleanSpark Inc
GARRISON, SCOTT EUGENEEVP, Chief Development Officer
DisposalCommon equity
$785.1KDirectional evidence
CLSKCleanSpark Inc
VECCHIARELLI, GARY ANTHONYPresident, CFO
DisposalCommon equity
$751.4KDirectional evidence
CLSKCleanSpark Inc
GARRISON, SCOTT EUGENEEVP, Chief Development Officer
DisposalCommon equity
$714.8KDirectional evidence
CLSKCleanSpark Inc
MONNIG, TAYLORCTO, COO
DisposalCommon equity
$693.6KDirectional evidence
CRCLCircle Internet Group, Inc.
ALLAIRE, JEREMYDirector, Chairman and CEO
DisposalCommon equity
$680.2KDirectional evidence
CLSKCleanSpark Inc
MONNIG, TAYLORCTO, COO
DisposalCommon equity
$631.5KDirectional evidence
CRCLCircle Internet Group, Inc.
CHANDHOK, NIKHILChief Product & Tech. Officer
AcquisitionCommon equity
$602.2KDirectional evidence
ANYSphere 3D Corp
BLOCK, JOEL MDirector, Chief Executive Officer
AcquisitionCommon equity
$500.0KDirectional evidence

Group-level method

Breadth before headline value

Company breadth

A sector or industry score must be supported across companies. One very large filing cannot manufacture broad conviction.

Economic duplicates

Matching company, date, side, security class, share count, and value records are consolidated for the directional calculation.

Evidence hierarchy

Priced common-share activity determines direction. Compensation and derivative records are mapped separately so ownership mechanics remain visible.

Positioning use

The score identifies where insider alignment merits research or where disposal concentration needs review. Price, trend, valuation, and portfolio risk still decide positioning.

Independent market research for education. This classification is not investment advice, a recommendation, a forecast, or an execution instruction.

Evidence context