There’s a sector I’ve been watching closely – one that’s seeing insider buying at levels I haven’t come across in years.

I’m talking about private equity.

The sector as a whole has taken a beating over the last six months. It’s down around 40% overall. Names like Blackstone and Apollo Management are seeing 25% to 35% drawdowns.

Yet, insiders are piling in anyway.

I won’t pretend to be an expert on the private equity sector (I’m not). But I can’t ignore what I’m seeing right now.

Check out some of these numbers…

KKR Hits $46 Million in Insider Buys

KKR & Co. (KKR) is one private equity group that really stands out.

It’s a major asset manager. The firm holds roughly 770 private-equity investments worth about $790 billion of total enterprise value as of 2025.

KKR is down 35%-40% over the last six months, but insiders are buying hard.

Since February, top officials have grabbed roughly $40 million to $46 million KKR shares.

Multiple senior level officials buying shares in a tight window is the definition of what I call a “cluster buy.” It’s the most powerful form of insider buying.

Here’s what I mean…

From February 11 to 20, two CEOs bought a combined $25.6 million KKR shares. A director also bought $4.5 million.

Then a week later, multiple directors jumped in and bought an additional $7 million worth of shares.

Pay Attention

If one CEO buys, I don’t take as much notice. But two CEOs buying $30 million in shares simultaneously – that’s a cluster buy. I can’t ignore that.

Here’s the key thing about insiders… they only buy when they think the stock price is going to go up. And in my experience, they’re right 70%-80% of the time. Get positioned alongside them, and you can ride that wave up.

Why Trading Private Equity Is Different

The truth is…

Private equity is a tricky sector to navigate as a trader.

The companies aren’t as transparent as the well-known S&P groups. That’s why I won’t buy the stock outright – options are the way to go here. Only a tight inner circle of managers know what these companies have on their books.

Given that lack of transparency and the movement in the sector… position sizing is crucial.

But the amount of insider buying is too big to ignore.

YOUR ACTION PLAN

I’m building positions on insider heavy plays like KKR in small amounts. A site like insider-monitor.com, a live SEC Form 4 insider trading feed, is a good place to start for finding large insider purchases like the ones we’re seeing in the private equity sector.

When you see pockets of cluster buying… that’s conviction you won’t find anywhere else.