SecBot Intelligence Feed

Three asset managers added to TTWO positions in Q3 2026, led by Assenagon Asset Management's $61.2M increase, while one pension fund trimmed modestly. The net $57.2M inflow is a bullish signal from active managers, though 13F data is 45+ days stale.

Seven institutional asset managers accumulated $154.8M in net new Roblox Corp (RBLX) positions during Q3 2026, while only two trimmed by a combined $4.9M. The buying is heavily concentrated in Assenagon Asset Management, which more than doubled its stake to $253.9M, accounting for the vast majority of the net inflow. The cluster is entirely active asset managers with no passive/index fund participation, strengthening the signal of a shared thesis.

Boyd Gaming reported Q3 2026 adjusted EPS of $1.67, missing the $1.86 consensus by 10.4%, while revenue of $990.5M fell short of the $1.05B estimate. Total Adjusted EBITDAR declined slightly to $319.6M from $321.8M a year ago, with softness in Las Vegas destination business (Orleans) and Downtown offsetting growth in Midwest & South, Online, and Managed segments. The company maintained its quarterly dividend and repurchased $164M in stock, but the earnings miss and revenue decline signal operational headwinds.

Boyd Gaming reported Q3 2026 adjusted EPS of $1.67, beating consensus of $1.62 by 2.8%, while revenue of $990.5M slightly missed the $1.00B consensus and declined 1.4% YoY. The beat was driven by continued strength in the Midwest & South segment and Online operations, partially offset by softness in Las Vegas destination business. The company returned nearly $180M to shareholders via buybacks and dividends, but provided no explicit forward guidance.

Institutional activity in GLPI during Q3 2026 was mixed: three asset managers accumulated $8.6M in new positions (led by Wealth Enhancement Advisory Services more than quadrupling its stake to $11.5M), while four sellers reduced holdings by a net $18.7M (led by Robeco trimming $6.6M and Fjarde Ap-Fonden exiting nearly all of its $8.3M position). The net selling pressure of ~$10.1M suggests cautious positioning among larger institutional holders, partially offset by conviction buying from smaller active managers.

An institutional cluster for DraftKings (DKNG) shows a bearish net direction: 4 sellers reduced positions by $10.0M while only 1 buyer added a modest $178K. The selling is dominated by a large trim from Wealth Enhancement Advisory Services ($7.3M reduction) and a significant cut by Assenagon Asset Management ($2.6M reduction), suggesting institutional caution or rotation ahead of Q3 earnings.

Three institutional asset managers fully exited their positions in Electronic Arts during Q3 2026, liquidating a combined $363.9M in holdings. The exits were unanimous and complete, with no new buyers appearing in the cluster, signaling a coordinated bearish view on the stock.

Director William B. Gordon sold approximately $2.02M worth of TTWO shares in three open-market transactions on September 29, 2026, at prices between $200.92 and $202.75. Two other directors received non-cash stock grants totaling $0. The selling is modest relative to TTWO's market cap and lacks C-suite participation, reducing its bearish signal.

Two Sea Ltd insiders—President of Garena Zhao Feng and CCO/GC Wang Yanjun—sold a combined $742K in open-market sales over a one-week window. Zhao Feng's $717K sale is the dominant transaction, representing approximately 0.23% of Sea Ltd's market cap (estimated at ~$320B based on ~3.3B shares outstanding at ~$97). The sales are not plan-driven (no 10b5-1 indication) and occur at elevated prices near the stock's recent highs, suggesting potential profit-taking or bearish conviction.

Two Sea Ltd insiders — CPO Chen Jingye and CCO/GC Wang Yanjun — sold a combined $1.11M in open-market sales over a 7-day window. Chen's $1.08M sale is the dominant trade; Wang's six small sales total ~$36K. The cluster value is ~0.34% of Sea's ~$326M market cap, a modest but notable signal. No 10b5-1 plans are indicated, and the sales are not routine vesting/tax-withholding transactions, warranting a bearish tilt.

A cluster of insider sales at Sea Ltd (SE) totaling ~$2.98M over a 7-day window, led by the COO ($1.78M) and Shopee CPO ($1.08M), with smaller sales by the CCO/GC and CFO. The sales are open-market (code S) with no 10b5-1 plan indication, and the total value represents ~0.1% of Sea's ~$60B market cap, placing it at the threshold of materiality. While the COO and CPO sales are notable in absolute dollar terms, the cluster is mixed in seniority and the dollar amount relative to market cap is modest, suggesting routine portfolio diversification rather than a strong negative signal.

Four senior Sea Ltd insiders (COO, CPO, CFO, CCO/GC) sold a combined $745K in open-market shares over a one-week window. The selling is concentrated in the C-suite and includes the CPO of Shopee, Sea's core e-commerce business. While the dollar amount is modest relative to Sea's market cap, the breadth of senior insider selling warrants attention.

Bilibili's Q2 2026 13F cluster reveals a stark split: 23 buyers accumulated $16.2M net, led by Millennium ($9.5M increase) and JPMorgan ($3.5M increase), while 17 sellers shed $102.5M net, dominated by UBS trimming $67.2M and Jane Street exiting $17.7M. The net selling pressure (-$86.3M) from mega-passive and active managers suggests broad institutional de-risking, partially offset by selective quant and asset-manager accumulation.

Three senior insiders at Sea Ltd (COO, CPO, CCO) sold a total of ~$709K in open-market sales over a 7-day window. The COO and CPO accounted for the bulk of the dollar value, with no 10b5-1 plan indicated. While the absolute dollar amount is modest relative to Sea's ~$60B market cap, the cluster involves multiple C-suite officers selling concurrently, which warrants attention.

CEO Mark Locke and CLO Thomas Russell sold a combined $653K in open-market shares on September 17, 2026, at ~$6.52/share. The sales represent ~0.2% of GENI's ~$326M market cap, a modest but notable cluster of insider selling by the two most senior executives on the same day.

Three senior insiders at Sea Ltd — COO Ye Gang, Shopee CPO Chen Jingye, and CCO/GC Wang Yanjun — sold a combined ~$1.16M in open-market transactions over a 7-day window ending September 15, 2026. The cluster is dominated by the COO's $909K sale, representing the largest single insider disposition. While the total dollar value is modest relative to Sea's ~$60B market cap (~0.002%), the concentration of C-suite selling on the same day (Sept 14) without any disclosed 10b5-1 plan raises a cautionary flag about insider sentiment near current price levels.

Three senior Sea Ltd insiders — the COO, Shopee CPO, and CCO/GC — sold a total of $2.21M in open-market sales over a one-week window ending September 9, 2026. While the dollar amount is trivial relative to Sea's $66B market cap (0.003%), the cluster involves multiple C-suite executives selling concurrently, which warrants attention. The cross-filing context shows these trades are part of a broader 20-trade, ~$12.3M selling cluster by the same insiders over the past 7 days, amplifying the signal beyond a single filing's standalone reading.

Bilibili completed a US$500 million marketed convertible senior notes offering due 2031, a concurrent equity placement of 33.35 million shares at HK$115.38/share, and a ~US$100 million delta repurchase. The Tencent-related US$200 million note subscription and ~US$200 million share repurchase remain subject to shareholder approval at an EGM. The net effect is a large debt-for-equity swap with Tencent, reducing Tencent's stake while adding leverage, with no new cash to Bilibili from the equity placement.

Multiple Sea Ltd insiders, including the Chairman/CEO and COO, sold a total of ~$2.79M in open-market stock over a one-week window. The COO's sales alone account for ~$1.38M, and the CEO sold ~$622K. While the dollar value is modest relative to Sea's ~$60B market cap (~0.005%), the breadth of selling across five senior executives (CEO, COO, President, CCO, and a business unit president) on two separate dates is notable and suggests coordinated portfolio diversification or a response to recent price strength, rather than a single liquidity event.

Bilibili announced a US$700 million convertible senior notes offering due 2031, with Tencent subscribing for US$200 million of the notes and concurrently selling ~US$400 million of existing shares via a secondary placement. The company will repurchase US$100 million of borrowed shares (delta hedge) and US$200 million from Tencent, using net proceeds for AI-driven growth. The transactions are subject to market conditions and shareholder approval for the Tencent repurchase.

Five senior Sea Ltd insiders, including Chairman/CEO Li Xiaodong and COO Ye Gang, sold a total of ~$1.72M in open-market shares over a 7-day window. The CEO alone sold ~$1.14M, and the COO sold ~$1.25M across multiple trades. While the total is modest relative to Sea's ~$60B+ market cap (~0.003%), the breadth of C-suite selling (CEO, COO, President, CCO) and the lack of any insider buying creates a mildly bearish signal — especially given the cluster's concentration at prices near $120.

Four top executives at Unity Software (CEO, CFO, COO, and Chief Legal Officer) collectively sold ~$2.08M in open-market shares over a 7-day window, with the bulk of sales concentrated on August 25. While the dollar amount is modest relative to the $19.5B market cap (~0.01%), the cluster includes the company's three highest-ranking officers selling on the same day, which warrants attention. The sales are not part of a clear 10b5-1 pattern based on the data provided, and the concentration among C-suite insiders elevates the signal above a routine liquidity event, though the small absolute size limits the bearish read-through.

Bilibili reported Q2 2026 revenue of RMB7.94B (+8% YoY) and GAAP EPS of RMB0.82 ($0.12), missing consensus EPS of $1.53 by a wide margin. Revenue growth was driven by advertising (+28% YoY) and VAS (+5%), partially offset by a 14% decline in mobile games. Despite the EPS miss, the company posted its 16th consecutive quarter of gross margin expansion (37.2%) and net profit grew 55% YoY, signaling improving operating leverage and profitability trajectory.

CEO and CFO of Unity Software sold a combined $1.84M in open-market sales on August 25, 2026. While the dollar amount is modest relative to the $19.8B market cap (~0.009%), the cluster involves both the CEO and CFO selling on the same day, which is notable.

A significant institutional cluster formed in CRSR during 2026-Q2, with 14 buyers accumulating $35.5M in net new positions versus 5 sellers reducing by $2.4M. The buying was dominated by mega-passive managers (JPMorgan, Goldman Sachs, BofA, Wells Fargo) and a quant fund (Millennium), alongside asset managers like Dimensional Fund Advisors which added $15.7M. The selling was led by D.E. Shaw (-$3.7M) and UBS (-$2.9M), creating a mixed but net-bullish signal. However, the cluster lacks insider corroboration (confluence score 21/100, divergent) and is heavily weighted toward passive/index rebalancing, weakening the conviction signal.

NetEase reported Q2 2026 results with revenue of RMB30.1B (+7.9% YoY) and GAAP net income of RMB7.0B, down 18.8% YoY from RMB8.6B. The revenue beat was driven by games (+9.7% YoY) and gross margin expansion to 70.5%, but net income declined sharply due to a RMB3.0B investment loss, higher tax rate (25.5% vs 14.7% YoY), and increased R&D spend. The H1 2026 net income also declined YoY (RMB17.7B vs RMB18.9B). The mixed signal of solid top-line growth with deteriorating bottom-line profitability warrants a neutral-to-cautious read.

A cluster of 8 Sea Ltd insiders, including the CEO, CFO, COO, and two Presidents, sold a total of $4.82M in open-market transactions over a 7-day window. The selling is concentrated among top C-suite executives and key business unit heads, with the COO alone accounting for ~$1.67M. While the total value is only ~0.007% of the $72.9B market cap, the breadth of senior management participation (CEO, CFO, COO, Presidents) elevates the signal beyond routine liquidity selling, warranting attention for potential near-term headwinds ahead of the next earnings report.

Director Earl C. Shanks made a single open-market purchase of 10,000 GLPI shares for $422K at $42.24. This is a modest insider buy relative to GLPI's $12.2B market cap (0.003%), but as a director's conviction purchase it carries a modest bullish signal, particularly given the company's strong analyst consensus and recent institutional accumulation.

A cluster of 7 Sea Ltd insiders, including the CEO, CFO, COO, and President, sold a total of ~$3.21M in open-market shares over a 5-day window ending August 17, 2026. The CFO (Hou Tianyu) and President (Feng Zhimin) were the largest sellers by dollar value. While the absolute dollar amount is trivial relative to Sea's $71.2B market cap (~0.0045%), the participation of the entire C-suite in a concentrated sell-off is notable and warrants monitoring for any upcoming negative news or earnings disappointment.

Galaxy Gaming cancelled all 778,320 outstanding warrants held by Fortress Credit Corp. affiliates for approximately $1.2 million in cash, eliminating ~3% of fully diluted shares. The warrants, exercisable at $0.01/share, were the last overhang from the prior capital structure. The cash consideration was funded from cash on hand and applied against the existing $4.0 million share repurchase authorization, leaving ~$2.3 million remaining under the program. This simplifies the capital structure and removes future dilution risk at a low cost per share eliminated (~$1.54 per warrant). The company now has zero warrants outstanding, which is a clear positive for existing shareholders as it removes a known dilutive overhang and increases the effectiveness of future buybacks. The transaction is a capital-allocation positive but does not change the company's operating fundamentals or revenue trajectory, so the bullish signal is moderate in magnitude.

Institutional activity in BYD during 2026-Q2 shows a mixed picture: 9 buyers accumulated $133.2M in new positions (led by Norges Bank's new $35.5M stake and American Century's $49.8M add), while 9 sellers reduced holdings by $171.8M (dominated by Boston Partners trimming $129.8M and Fidelity trimming $24.7M). The net selling pressure of ~$38.6M and the divergent insider-institutional signals (score 22/100) suggest no strong consensus thesis, though the presence of a sovereign wealth fund as a new buyer adds a notable positive signal.

Bragg Gaming Group reported Q2 2026 revenue of EUR 22.9M, down 12% YoY, and a net loss of EUR 2.9M, wider than the EUR 1.8M loss in Q2 2025. Adjusted EBITDA was flat YoY at EUR 3.5M, with margin expanding to 15% from 13% due to cost cuts and a favorable bad debt swing. The company withdrew its 2026 guidance, citing the Drayton acquisition and a lack of basis to forecast the combined business, while noting standalone operations were tracking below the low end of the revenue range. Post-quarter, Bragg completed the all-share Drayton acquisition (EUR 7.69M), announced a ~19% workforce reduction, and saw a new Chairman and insider participation in a private placement. The revenue decline and guidance withdrawal are bearish, partially offset by margin improvement and strategic moves.

HUYA's Q2 2026 results show a clear inflection point: total net revenues grew 11.0% YoY to RMB1.74 billion, driven by a 54.1% surge in game-related services, advertising, and other revenues, which now represent 36.7% of total revenue. The company swung to a GAAP net profit of RMB1.6 million from a net loss of RMB5.5 million a year ago, and the board doubled the share repurchase authorization to US$100 million, signaling confidence in the business outlook despite a declining live streaming segment and a 57.7% increase in sales and marketing spend.

HUYA reported Q2 2026 revenue of RMB1.74B ($256.3M), up 11% YoY, with GAAP net income of RMB1.6M ($0.01/ADS) vs a loss of RMB5.5M a year ago, beating the consensus EPS estimate of $0.08. Game-related services revenue surged 54% YoY to 36.7% of total revenue, while the board doubled the share repurchase program to $100M, signaling confidence in the transformation strategy.

Take-Two reported FQ1 2027 results with GAAP revenue of $1.53B (beat consensus of $1.36B by 12.5%) and GAAP EPS of -$0.18 (beat consensus of -$0.21 by 14.3%). Net Bookings were $1.39B, slightly above the company's guidance range of $1.32-$1.37B, though down 3% YoY. The company reiterated its FY2027 Net Bookings outlook of $8.0-$8.2B, keeping the focus on the upcoming Grand Theft Auto VI launch in November 2026. The GAAP loss widened YoY due to a $43.4M impairment charge on a cancelled unannounced title, but the revenue beat and maintained guidance support a positive read.

DraftKings Q2 2026 revenue fell 5% YoY to $1.443B, missing consensus of $1.52B, driven by customer-friendly sports outcomes and promotional reinvestment. GAAP EPS was -$0.14 (vs $0.30 in Q2 2025), while adjusted diluted EPS of $0.09 missed the $0.19 consensus. FY2026 guidance for revenue ($6.5B-$6.9B) and Adj. EBITDA ($700M-$900M) was maintained. The decline in top-line and the EPS miss are negative signals, but maintained guidance and strong customer growth (MUPs +9%) offer some offset.

Two senior executives at Sea Ltd — COO Ye Gang and CCO/GC Wang Yanjun — sold a combined ~$438K in open-market stock over a one-week window. While the dollar amount is modest relative to Sea's multi-billion market cap, the cluster involves C-suite officers selling exclusively in open-market transactions, which carries modest bearish signal.

SEGG Media announced Panmaya LLC (IGA) as the first partner under its new Lottery.com global affiliate program. IGA will fund and execute market expansion across Latin America and Canada, absorbing early-stage costs, while SEGG retains brand control and provides its Spektrum technology platform. No financial terms were disclosed, but the model preserves SEGG's capital for other high-growth subsidiaries.

SEGG Media announced it is in advanced, exclusive discussions to acquire UK gaming and casino assets that include a land-based casino operating license and a regulated online gambling platform. The company expects definitive agreements this quarter and revenue generation by Christmas, targeting a market where the UK gambling industry generated approximately £16.8 billion in GGY for FY2025. The announcement is a strategic expansion but remains highly speculative with no definitive agreement or deal value disclosed, and the company faces significant going-concern and Nasdaq compliance risks.

Boyd Gaming reported Q2 2026 adjusted EPS of $1.93, a 2.0% beat vs. the $1.89 consensus, on revenue of $1.03B which was in line with estimates. While the headline EPS beat was modest, the quarter showed revenue and Adjusted EBITDAR growth in the Midwest & South segment and the Managed business, offset by continued softness in Las Vegas destination business and a 9% decline in Online segment revenue. The company repurchased $156M in stock and paid a $0.20 dividend, returning over $170M to shareholders, but GAAP net income declined 13% YoY to $131.2M due to higher depreciation and project development costs, resulting in a mixed report with a slight positive tilt from the EPS beat and capital returns.

A cluster of 5 institutional buyers added $8.3M in net new DraftKings positions during 2026-Q2, while 2 sellers trimmed $1.8M. The buying is concentrated among asset managers increasing positions by 30-82%, with Wealth Enhancement Advisory Services leading at a $5.3M addition. The cluster is active-manager dominated, suggesting a shared thesis around DraftKings' market position in online sports betting, though the aggregate dollar amounts are modest relative to the $11.8B market cap. The 13F × Form 4 confluence score is low (18/100, divergent), indicating no insider buying to corroborate the institutional accumulation, which tempers conviction.

Galaxy Gaming disclosed that the July 17, 2026 outside date for its merger with Evolution Malta Holding Limited passed without the required regulatory approvals being obtained or waived. Neither party has terminated the agreement, and Galaxy is evaluating options including a further extension or termination. The deal's completion is now uncertain, creating downside risk for the stock.