Insider Buys at Lionsgate Are Off the Charts - We Found Out Why

This Week's Top Insider Moves That Matter

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If there’s one word for this week, it’s divergence.

Technology dragged markets lower, with semiconductors and software seeing broad declines. Consumer cyclical names, especially in retail and autos, followed suit. Meanwhile, defensive sectors—healthcare, insurance, and consumer staples—quietly climbed. Financials also held firm, with banks and capital markets flashing green.

And insiders? They didn’t miss a beat.

Tech insiders were largely on the sidelines or heading for the exits, while conviction flowed heavily into media, energy, and diversified financials. High-frequency buying from names like Liberty 77 Capital and Carl Icahn suggests that while the market rotates, the smart money is rotating ahead of it.

As volatility rises, insider footprints are telling a clearer story than the index charts.

Let’s break it down.

Biggest Insider Sales

🚜 Cal-Maine Foods $CALM ( ▼ 0.67% ) – Chairman Sells $116.7M in Shell-Shocking Move

• Who’s Selling? Adolphus Baker (Board Chair)

• What They Sold: 1.29M shares at $90.60

• Total Value: $116.7M

• Why It Matters: This wasn’t a trim—it was a lumberjack-level cut. Baker reduced his stake by 43%, turning heads in the agricultural sector. Timing aligns with egg price volatility and supply glut concerns.

🛡 Palo Alto Networks $PANW ( ▲ 4.59% ) – CTO Offloads $107.5M

• Who’s Selling? Nir Zuk (EVP, CTO)

• What He Sold: 649,828 shares at $165.41

• Total Value: $107.5M

• Why It Matters: A cybersecurity cornerstone seeing this kind of top-level unloading is rare. A 15% drop in personal stake—during sector-wide consolidation—raises red flags.

🏦 JPMorgan Chase $JPM ( ▲ 1.56% ) – Jamie Dimon Dials Down

• Who’s Selling? Jamie Dimon (Chairman & CEO)

• What He Sold: 133,639 shares at $235.68

• Total Value: $31.5M

• Why It Matters: Dimon doesn’t sell often, and this 2% stake reduction is his first material move in years. Could be portfolio management—or signaling something deeper in financials.

🧬 Xtant Medical $XTNT ( ▲ 7.62% ) – Orbimed Dumps Everything

• Who’s Selling? Orbimed Advisors (10% Owner)

• What They Sold: 73.1M shares at $0.42

• Total Value: $30.7M

• Why It Matters: A full 100% exit from a key investor at microcap levels. Either a strategic pivot or the canary in the biotech coal mine.

✈️ TransDigm Group $TDG ( ▲ 1.19% ) – CEO Trims $26.6M

• Who’s Selling? Kevin Stein (President & CEO)

• What He Sold: 20,000 shares at $1,329.61

• Total Value: $26.6M

• Why It Matters: A 71% reduction in holdings by the CEO of an aerospace juggernaut. With fewer than 10,000 shares left, it’s hard to view this as just routine.

While these execs head for the exits, others are doubling down. Let’s turn to this week’s biggest insider purchases—the trades that show where true conviction lives.

Biggest Insider Purchases

🎬 Lions Gate Entertainment $LGF.A ( ▲ 0.58% ) – $6.98M Re-Up by Liberty 77

• Who’s Buying? Liberty 77 Capital L.P. (10% Owner)

• What They Bought: 1.02M shares at $6.86

• Total Investment: $6.98M

• Why It Matters: This marks their third buy in ten days—adding to $26M+ in recent accumulation. With precise entries around $6.75–$6.86, Liberty 77 isn’t guessing. They’re loading up.

⛽ CVR Energy $CVI ( ▲ 2.35% ) – Icahn Adds Another $7.7M

• Who’s Buying? Carl Icahn (10% Owner)

• What He Bought: 437,777 shares across two trades at $17.57 and $18.06

• Total Investment: $7.73M

• Why It Matters: Icahn continues his methodical buying campaign, adding to a massive 70M+ share stake. This week’s buys reinforce long-term positioning—steady, not speculative.

🏟 Atlanta Braves Holdings $BATRA ( ▲ 0.98% ) – Malone Keeps Swinging

• Who’s Buying? John Malone (10% Owner)

• What He Bought: 46,449 shares at $41.81

• Total Investment: $1.94M

• Why It Matters: Malone is on a tear. This is his fourth purchase in 10 days, increasing his position by 65% in a month. A textbook case of high-conviction accumulation.

🏦 Goldman Sachs $GS ( ▲ 3.03% ) – Hess Makes a Move

• Who’s Buying? John Hess (Director)

• What He Bought: 3,904 shares at $511.68

• Total Investment: $2.0M

• Why It Matters: Fresh off unloading $184M of his own company’s stock, Hess jumps into GS with a starter stake. A pivot worth tracking—but not confirmation just yet.

🌾 CVR Partners $UAN ( ▲ 2.23% ) – More Fuel from Icahn

• Who’s Buying? Carl Icahn (10% Owner)

• What He Bought: 10,336 shares at $74.33

• Total Investment: $768K

• Why It Matters: A parallel bet alongside CVI. While smaller, it keeps the Icahn conviction theme going strong.

🔬Insider Under the Microscope: Lions Gate Entertainment

This week, Lions Gate Entertainment $LGF.A ( ▲ 0.58% ) became the stage for one of the most aggressive insider accumulation streaks we’ve seen all year.

Liberty 77 Capital L.P.—led by former Treasury Secretary Steven Mnuchin—has now scooped up more than $26 million worth of shares across three separate trades in just 10 days. That’s not casual accumulation. It’s deliberate, concentrated, and tightly clustered in a price band between $6.70 and $6.86.

The timing couldn’t be more interesting. Lions Gate just completed its long-awaited spin-off of Lionsgate Studios, which now trades independently under the ticker $LION ( ▲ 2.53% ) . Historically, spin-offs have a knack for unlocking value—and insiders often know which side of the break is set to pop. Add to that Lions Gate’s recent acquisition of eOne from Hasbro (expanding its content pipeline and IP library), and this starts to look more like a setup than a coincidence.

Also worth noting: earnings came in strong, with EPS of $0.28 crushing estimates of $0.085. And next week’s April 23rd special shareholder meeting could introduce additional catalysts—restructuring, board reshuffling, or strategic announcements.

Whether Liberty 77 is playing the long game or front-running near-term catalysts, the signal is loud and clear: they see value others are missing.

This kind of insider behavior—bold, rapid, and repeated—is what Access+ is built to spotlight. Don’t be surprised if LGF starts getting cast in a more bullish light across institutional desks.

👀 This was just one of five major trades we flagged this week.
Access+ members saw the rest — as they happened, not after the market moved.

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