Vickers Top Buyers & Sellers for July 2, 2026
0h ago|4 min readStandard
Fazen Markets Editorial Desk
Collective editorial team · methodology
vickersinstitutional-flowsstock-buyers
Fazen Markets Editorial Desk
Collective editorial team · methodology
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Daily transaction data from Vickers Insider Trading Monitor for July 2, 2026, reveals concentrated institutional buying in the semiconductor and artificial intelligence sector. The data, compiled from SEC filings, shows net insider purchases at ASML Holding NV (ASML) surged to their highest level in 18 months. The Vickers Buyer Ratio for the VanEck Semiconductor ETF (SMH) reached 2.8, indicating nearly three times more buying volume than selling from corporate insiders. This activity occurred as the 10-year U.S. Treasury yield climbed 9 basis points to 4.47%.
The last comparable surge in insider buying for chip equipment stocks occurred in October 2025, following a U.S. Department of Commerce announcement of expanded export controls. That event triggered a 14% rally in the Philadelphia Semiconductor Index (SOX) over the subsequent six weeks. The current macro backdrop features a steepening yield curve, with the 10-year yield rising toward 4.50% while the Fed Funds rate holds steady near 5.00%. The catalyst for the July 2 activity appears to be the June 30 expiration of the quarter, which freed capital for reallocation, coupled with sustained industry commentary on strong demand for next-generation AI hardware.
A key shift is the focus on companies with multi-year capital expenditure cycles. Rising long-term yields typically pressure such stocks by increasing their discount rates. The divergence suggests insiders are betting on order visibility that outweighs macro-financial pressures. This pattern mirrors activity seen in early 2023, when insiders bought energy infrastructure stocks ahead of a multi-quarter rally, despite an inflationary environment pushing yields higher.
The daily Vickers data quantified significant one-way flows. ASML insiders executed purchases totaling $8.2 million against zero reported sales. The Vickers Buyer Ratio for ASML hit 5.0, a level last seen in January 2025. Broadcom Inc. (AVGO) saw $4.7 million in net purchases, with a Buyer Ratio of 3.2. In contrast, the ratio for the S&P 500 index ETF (SPY) remained neutral at 1.1.
| Company (Ticker) | Net Insider Buying ($M) | Vickers Buyer Ratio |
|---|---|---|
| ASML (ASML) | 8.2 | 5.0 |
| Broadcom (AVGO) | 4.7 | 3.2 |
| Lam Research (LRCX) | 3.1 | 2.5 |
| Tesla (TSLA) | -5.3 | 0.6 |
The data shows a clear sector split. Within the SMH ETF's top holdings, the average Buyer Ratio was 2.8, versus 0.9 for consumer discretionary stocks tracked by the XLY ETF. This 3-to-1 differential highlights where corporate executives are directing personal capital.
The concentrated buying in ASML, AVGO, and LRCX signals confidence in the AI supply chain's backend. Second-order beneficiaries include materials suppliers like Entegris (ENTG) and wafer manufacturers like GlobalWafers. These stocks could see a sentiment tailwind, with potential for 5-8% outperformance relative to the SOX index over the next quarter. Conversely, high-multiple software-as-a-service (SaaS) names with weaker cash flow visibility face relative headwinds as capital rotates toward tangible hardware plays.
A key limitation is that Vickers data reflects past filings, not real-time intent, and can be skewed by scheduled transactions like 10b5-1 plans. The counter-argument is that insiders might be buying a dip without clarity on the duration of the rate pressure. Positioning data from prime brokers indicates hedge funds have been net sellers of semiconductor equipment stocks for three consecutive weeks, creating a potential squeeze scenario if the insider view proves correct. Flow is moving from crowded consumer tech and EV names into the industrial and tech hardware complex.
The immediate catalyst is Taiwan Semiconductor Manufacturing Company's (TSM) Q2 earnings report on July 16. Its capital expenditure guidance will validate or contradict the bullish insider bets on equipment spending. The next FOMC meeting on July 29 will provide crucial context for long-term yields. Key levels to monitor include the SOX index's 200-day moving average at 4,820 and the 10-year Treasury yield's resistance at 4.55%. A break above that yield threshold would test the resilience of the insider buying thesis. Semiconductor equipment order books, due for release by mid-July from key Japanese and Korean firms, will offer the next fundamental data point.
The Vickers Buyer Ratio is a metric calculated by dividing the total dollar volume of insider purchases by the total dollar volume of insider sales over a specific period. A ratio above 2.0 is considered strongly bullish, indicating buying volume is double the selling volume. The ratio filters noise by focusing on the monetary weight of transactions, not just the number of trades. It is a tool for gauging the conviction level of corporate executives and directors in their own company's stock.
Academic studies show a correlation between net insider buying and subsequent 6-12 month stock outperformance, but the signal is not a short-term timing tool. Insiders are often early; their purchases can precede a bottom by several months. The data is most powerful at sector extremes, like the current tech hardware focus, and when it diverges from broader market sentiment. It should be used in conjunction with fundamental analysis, not as a standalone indicator.
Insiders are likely betting that the secular demand drivers for AI and high-performance computing are strong enough to offset the negative valuation impact of higher discount rates. These companies have multi-year order backlogs and pricing power, which can protect earnings despite a higher cost of capital. The buying suggests a view that near-term rate moves are less important than the long-term growth trajectory for compute capacity, a theme explored in Fazen Markets' analysis of capex cycles.
July 2 Vickers data shows corporate insiders making a high-conviction bet that AI-driven capital expenditure will power semiconductor equipment stocks higher, despite rising long-term interest rates.
Disclaimer: This article is for informational purposes only and does not constitute investment advice. CFD trading carries high risk of capital loss.
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