Trade with an Edge.
Follow the Trades of Insiders and Lawmakers.
The market isn't a level playing field. Corporate executives and members of Congress have access to information most investors don't. We provide the real-time alerts that turn their public filings into your private edge. Stop guessing. Start tracking the smart money.
Get Instant AlertsThe Search for an Information Edge
In financial markets, the idea that prices reflect all public information is a foundational concept. Yet, persistent academic and empirical evidence reveals pockets where this efficiency breaks down. This report focuses on two such groups: corporate insiders and members of the U.S. Congress, whose trades can offer valuable signals to outside investors.1
Corporate Insiders
Why Executive Trades Are a Powerful Signal
The most fundamental conclusion from decades of financial research is that, on average, stocks purchased by corporate insiders subsequently outperform the market. When top executives—CEOs, CFOs, and directors—invest their own capital into their company's stock, it's a profound vote of confidence in its future prospects. This isn't just theory; it's a persistent market anomaly backed by extensive data. While insiders might sell for many reasons (diversification, liquidity), they typically buy for one reason: they believe the price is going up.
Congressional Leaders
Uncovering Opportunity in Political Portfolios
The topic of congressional stock trading is more complex and controversial. While the passage of the STOCK Act in 2012 aimed to increase transparency, real-world data suggests a performance edge may persist for those who know where to look. The most compelling modern evidence comes from real-money ETFs designed to mimic these trades. Their remarkable outperformance strongly suggests that a selective strategy of following key lawmakers can be highly profitable, capturing a signal that broad academic studies often miss.
Anatomy of a High-Conviction Signal
Not all trades are created equal. Our service goes beyond simple data feeds by helping you focus on the signals with the highest potential. Decades of research have isolated key factors that significantly amplify the predictive power of an insider trade.
Beyond the Obvious
We help you filter for the most potent signals. Research shows trades in small-cap firms (where information asymmetry is high)8, trades made by CFOs (who have granular financial knowledge)10, and "cluster buys" (multiple insiders buying at once)12 are significantly more predictive.
The Opportunist's Edge
A pivotal Harvard study distinguished between "routine" traders (e.g., selling on a schedule) and "opportunistic" traders who act on perceived mispricing. A portfolio mimicking only opportunistic traders generated abnormal returns of 0.82% per month, while routine traders' returns were "essentially zero."11 Our alerts help you spot the opportunists.
The Ultimate Tell: Late Filings
Rigorous academic research has shattered the myth that late Form 4 filings are clerical errors. They are often a deliberate, highly profitable strategy to conceal trades made just before price-moving news.
Signals in Action: The Alpha in Public Filings
While past performance is no guarantee of future results, the public record is filled with examples of the extraordinary opportunities that can arise from these signals. The following are real-world case studies illustrating the potential that exists within the data our service helps you access.
The Corporate Insider's Playbook
Case studies of high-conviction purchases by top executives, captured from public SEC filings.
The Politician's Portfolio
Certain lawmakers have demonstrated notable trading success. Our alerts provide transparency into their activity, highlighting traders worth watching.
The DarkHorse Advantage
Uncover Hidden Opportunities
Gain access to a flow of high-potential trading ideas derived from the actions of the market's most informed participants.
Make Informed Decisions
Leverage our real-time alerts and the underlying research to make decisions based on data, not on emotion or market hype.
Act with Speed
In the world of insider trading, alpha decays quickly. Our instant notifications ensure you get the signal as soon as it becomes public, turning their disclosure into your opportunity.