InsiderBuying Conviction Index
A rules-based index of companies that clear a downside-protection screen and show real insider conviction. Built only from public disclosures and as-reported financial statements, scored on what was knowable on each date, and reconstituted quarterly.
Reconstructed history. Levels dated before this index began publishing are a reconstruction: the same rules applied after the fact to point-in-time data — the filings and statements that were public on each date, and the universe as it was listed then, including companies later delisted. No allowance is made for trading costs, and no money was managed to these levels. Treat reconstructed figures as hypothetical. Levels from 2026-09-24 onward are published as the engine runs.
Index level
Base 1000 at inception (Mar 31, 2023). The index holds no cash buffer and applies no tranche or liquidity logic; those belong to a managed portfolio, not to a published index.
Constituents
Names available on request| Company | Sector | Sleeve | Weight |
|---|---|---|---|
| Energy | Small capContrarian | 5.97% | |
| Miscellaneous Chemical Products | Contrarian | 4.89% | |
| Miscellaneous Manufacturing Industries | Contrarian | 4.76% | |
| Investment Advice | Core | 4.67% | |
| Services-Detective, Guard & Armored Car Services | Core | 4.60% | |
| Pharmaceutical Preparations | Core | 4.25% | |
| Miscellaneous Fabricated Metal Products | Core | 3.93% | |
| Mining & Quarrying of Nonmetallic Minerals (No Fuels) | Contrarian | 3.69% | |
| Services-Computer Processing & Data Preparation | Contrarian | 3.52% | |
| Fire, Marine & Casualty Insurance | Small cap | 3.31% | |
| Services-Prepackaged Software | Core | 3.20% | |
| Investment Advice | Core | 3.11% | |
| Oil Royalty Traders | Core | 2.92% | |
| Water, Sewer, Pipeline, Comm & Power Line Construction | Contrarian | 2.89% | |
| Deep Sea Foreign Transportation of Freight | Small capCore | 2.80% | |
| Investment Advice | Core | 2.78% | |
| Technology | Core | 2.75% | |
| Pharmaceutical Preparations | Small cap | 2.65% | |
| Surgical & Medical Instruments & Apparatus | Core | 2.65% | |
| Rubber & Plastics Footwear | Contrarian | 2.64% | |
| Basic Materials | Small capContrarian | 2.58% | |
| Insurance Agents, Brokers & Service | Contrarian | 2.56% | |
| Services-Misc Health & Allied Services, NEC | Contrarian | 2.48% | |
| Operative Builders | Contrarian | 2.47% | |
| Finance Services | Small capCore | 2.43% | |
| Ophthalmic Goods | Small capContrarian | 2.36% | |
| Services-Computer Programming, Data Processing, Etc. | Core | 2.36% | |
| Services-Computer Processing & Data Preparation | Contrarian | 2.34% | |
| Services-Business Services, NEC | Contrarian | 2.32% | |
| Retail-Jewelry Stores | Small capCore | 2.14% | |
| Services-Membership Sports & Recreation Clubs | Contrarian | 1.99% | |
| Healthcare | Core | 1.96% |
Two gates decide membership. The first is absolute: more assets than debt, a healthy current ratio and interest coverage, growing revenue, free cash flow that is positive or clearly improving, and enough size and traded volume to be buyable. A company failing any one of them is ineligible regardless of anything else. The second scores insider conviction over 24 months of filings, weighting the last six months most heavily, counting open-market purchases as the dominant signal and excluding planned sales entirely, because a scheduled sale says nothing about conviction.
The InsiderBuying Conviction Index is published as information, not investment advice, and is not an offer of any fund or managed product. It is built only from public disclosures — SEC Form 4 and SEDI filings, and as-reported financial statements — using rules applied to point-in-time data. Current InsiderBuying agency and IR clients are excluded from the index by rule, and for six months after an engagement ends.