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Hedge Funds Are Betting Big on Data Centers

Every weekend, I dig into our filings tracker looking for the biggest conviction buys — and this week, insider action was present in a diverse mix of stocks.

Let’s take a look:

H2O America $HTO stood out with a nearly $3M purchase from Atlas Infrastructure Partners.

When a top infrastructure firm steps into a regulated utility name with size, it’s worth paying attention.

Next is Mach Natural Resources $MNR, which saw a nearly $2M purchase by the CEO.

This is the kind of insider activity we always want to track closely. When the person closest to the business is putting personal capital to work, it can signal confidence in the stock’s outlook that the market may not be fully pricing in.

Lamb Weston $LW showed up again with a $4.2M purchase from JANA Partners.

When an activist with a history of driving value keeps adding, that kind of repeat buying deserves attention.

Greenwich-based hedge fund Lone Pine Capital filed a 13G, reporting a new 5.10% stake in TeraWulf $WULF, as data-center stocks continue to garner attention from Wall Street.

Original stake disclosures like this are always important and can reveal emerging institutional conviction that supports bullish price action in a stock.

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Happy Sunday.

Steve