Insider Profile
Parent, Marc
$CAE $CP
2
Companies Filed At
3
Open-Market Buys (2yr)
$13.2M
Buy Value (2yr, open-market)
Jun 30, 2026
Most Recent Trade
Cross-Company Track Record
across 2 issuers · entity-resolved
2%
Hit Rate · 90d
-26.8%
Median Alpha · 90d
151
Closed Buys Evaluated
2%
Beat XIU
2
Issuers Traded
All-insider base rate: 59% hit rate  · +1.3% mean alpha (n=11504)
cluster buyer high frequency multi issuer size concentrated
Entry: closing price on SEDI filing date (point-in-time). Exit: 90 calendar days later. Alpha vs XIU.TO (iShares TSX 60). Closed trades only. Not investment advice.
Research 151 closed buys with individual return outcomes available on the Research plan.
Political Donations · Elections Canada

$21K in individual political contributions across 17 donations (2007–2023).

Date Party Recipient Amount
2023-11-22 Bloc Québécois Bloc Québécois $400
2023-09-13 Liberal Party of Canada Liberal Party of Canada $2K
2022-09-13 Liberal Party of Canada Liberal Party of Canada $2K
2021-09-13 Liberal Party of Canada Liberal Party of Canada $2K
2020-12-31 Liberal Party of Canada Liberal Party of Canada $2K
2020-12-31 Conservative Party of Canada Conservative Party of Canada $2K
2015-04-06 Conservative Party of Canada Conservative Party of Canada $2K
2014-10-04 Conservative Party of Canada Conservative Party of Canada $1K
2013-12-12 Conservative Party of Canada Conservative Party of Canada $1K
2009-09-08 Liberal Party of Canada Association libérale fédérale de Chambly--Borduas $1K
2009-09-01 Liberal Party of Canada Liberal Party of Canada $893
2008-10-07 Conservative Party of Canada Conservative Party of Canada $1K
2008-10-01 Conservative Party of Canada Fortier, Michael M. $1K
2008-09-20 Liberal Party of Canada Nassif, Eva $1K
2007-10-11 Conservative Party of Canada Vaudreuil-Soulanges Conservative Association $1K
2007-05-31 Liberal Party of Canada Kennedy, Gerard $1K
2007-05-31 Liberal Party of Canada Liberal Party of Canada $1K

Source: Elections Canada public contribution records (individual donations only; corporate political donations have been banned federally since 2007). Matched to this insider by name — shown for transparency, not a claim of wrongdoing and not a Confluence Score input.

Date Company Role Nature Dir. Shares Price Value Score
Jun 30, 2026 $CP
Canadian Pacific Kansas City
— Comp. Grant Buy 868 $122.71 $107K 63
Mar 31, 2026 $CP
Canadian Pacific Kansas City
— Comp. Grant Buy 681 $109.07 $74K 63
Jan 30, 2026 $CP
Canadian Pacific Kansas City
— Open Market Buy 13,000 $102.00 $1.3M 63
Jan 27, 2026 $CP
Canadian Pacific Kansas City
— Other Sell — — — 63
Jan 27, 2026 $CP
Canadian Pacific Kansas City
— Other Sell — — — 63
Jun 10, 2025 $CAE
CAE Inc.
— Other Sell 69,017 $35.52 $2.5M 71
Jun 10, 2025 $CAE
CAE Inc.
— Other Sell 36,520 $35.52 $1.3M 71
Jun 10, 2025 $CAE
CAE Inc.
— Expiry Sell 40,533 — — 71
May 26, 2025 $CAE
CAE Inc.
— Comp. Grant Buy 44,264 $34.97 $1.5M 71
May 26, 2025 $CAE
CAE Inc.
— Comp. Grant Buy 113,069 $34.97 $4.0M 71
May 26, 2025 $CAE
CAE Inc.
— Comp. Grant Buy 132,793 $34.97 $4.6M 71
Dec 31, 2024 $CAE
CAE Inc.
— Plan / DRIP Buy 2,236 $26.63 $60K 71
Nov 29, 2024 $CAE
CAE Inc.
— Exercise Sell 343,000 $27.14 $9.3M 71
Nov 29, 2024 $CAE
CAE Inc.
— Open Market Buy 20,000 $32.93 $659K 71
Nov 29, 2024 $CAE
CAE Inc.
— Open Market Buy 343,000 $32.70 $11.2M 71
Nov 29, 2024 $CAE
CAE Inc.
— Exercise Buy 343,000 $27.14 $9.3M 71
Jun 13, 2024 $CAE
CAE Inc.
— Plan / DRIP Buy 2,525 $25.54 $64K 71
Jun 10, 2024 $CAE
CAE Inc.
— Open Market Buy 20,000 $25.01 $500K 71
Jun 06, 2024 $CAE
CAE Inc.
— Comp. Grant Buy 60,894 $25.42 $1.5M 71
Jun 06, 2024 $CAE
CAE Inc.
— Comp. Grant Buy 182,681 $25.42 $4.6M 71
Jun 06, 2024 $CAE
CAE Inc.
— Comp. Grant Buy 161,747 $25.42 $4.1M 71
Jun 01, 2024 $CAE
CAE Inc.
— Other Sell 28,032 $27.21 $763K 71
Jun 01, 2024 $CAE
CAE Inc.
— Expiry Sell 37,158 — — 71
Jun 01, 2024 $CAE
CAE Inc.
— Other Sell 26,080 $27.21 $710K 71
Mar 19, 2024 $CAE
CAE Inc.
— Plan / DRIP Buy 3,916 $29.74 $116K 71
Jun 09, 2023 $CAE
CAE Inc.
— Comp. Grant Buy 134,378 $28.65 $3.8M 71
Jun 09, 2023 $CAE
CAE Inc.
— Comp. Grant Buy 127,060 $10.10 $1.3M 71
Jun 09, 2023 $CAE
CAE Inc.
— Comp. Grant Buy 134,378 $28.65 $3.8M 71
Jun 09, 2023 $CAE
CAE Inc.
— Comp. Grant Buy 44,793 $28.65 $1.3M 71
Jun 09, 2023 $CAE
CAE Inc.
— Comp. Grant Buy 44,793 $28.65 $1.3M 71
Jun 02, 2023 $CAE
CAE Inc.
— Other Sell 30,932 $29.37 $908K 71
Jun 02, 2023 $CAE
CAE Inc.
— Other Sell 40,700 $29.37 $1.2M 71
Mar 20, 2023 $CAE
CAE Inc.
— Plan / DRIP Buy 3,822 $29.02 $111K 71
Jun 29, 2022 $CAE
CAE Inc.
— Open Market Buy 4,600 $31.49 $145K 71
Jun 29, 2022 $CAE
CAE Inc.
— Exercise Buy 8,100 $16.15 $131K 71
Jun 29, 2022 $CAE
CAE Inc.
— Exercise Sell 8,100 $16.15 $131K 71
Jun 29, 2022 $CAE
CAE Inc.
— Open Market Buy 300 $31.44 $9K 71
Jun 29, 2022 $CAE
CAE Inc.
— Open Market Buy 35,400 $31.22 $1.1M 71
Jun 29, 2022 $CAE
CAE Inc.
— Open Market Buy 1,500 $31.48 $47K 71
Jun 29, 2022 $CAE
CAE Inc.
— Open Market Buy 1,700 $31.47 $53K 71
Jun 28, 2022 $CAE
CAE Inc.
— Open Market Buy 15,600 $32.02 $500K 71
Jun 28, 2022 $CAE
CAE Inc.
— Open Market Buy 500 $32.01 $16K 71
Jun 28, 2022 $CAE
CAE Inc.
— Open Market Buy 100 $32.01 $3K 71
Jun 28, 2022 $CAE
CAE Inc.
— Open Market Buy 100 $32.00 $3K 71
Jun 28, 2022 $CAE
CAE Inc.
— Open Market Buy 9,200 $32.00 $294K 71
Jun 28, 2022 $CAE
CAE Inc.
— Open Market Buy 3,100 $32.01 $99K 71
Jun 28, 2022 $CAE
CAE Inc.
— Open Market Buy 200 $32.03 $6K 71
Jun 28, 2022 $CAE
CAE Inc.
— Open Market Buy 100 $32.03 $3K 71
Jun 28, 2022 $CAE
CAE Inc.
— Open Market Buy 100 $32.03 $3K 71
Jun 28, 2022 $CAE
CAE Inc.
— Open Market Buy 2 $32.06 $64 71
Jun 28, 2022 $CAE
CAE Inc.
— Open Market Buy 402 $32.06 $13K 71
Jun 28, 2022 $CAE
CAE Inc.
— Open Market Buy 100 $32.11 $3K 71
Jun 28, 2022 $CAE
CAE Inc.
— Open Market Buy 400 $32.09 $13K 71
Jun 28, 2022 $CAE
CAE Inc.
— Open Market Buy 300 $32.08 $10K 71
Jun 28, 2022 $CAE
CAE Inc.
— Open Market Buy 600 $32.09 $19K 71
Jun 28, 2022 $CAE
CAE Inc.
— Open Market Buy 300 $32.09 $10K 71
Jun 28, 2022 $CAE
CAE Inc.
— Open Market Buy 1,400 $32.10 $45K 71
Jun 28, 2022 $CAE
CAE Inc.
— Open Market Buy 34 $32.08 $1K 71
Jun 28, 2022 $CAE
CAE Inc.
— Open Market Buy 102 $32.08 $3K 71
Jun 28, 2022 $CAE
CAE Inc.
— Open Market Buy 1,000 $32.07 $32K 71
Jun 28, 2022 $CAE
CAE Inc.
— Open Market Buy 900 $32.08 $29K 71
Jun 28, 2022 $CAE
CAE Inc.
— Open Market Buy 886 $32.07 $28K 71
Jun 28, 2022 $CAE
CAE Inc.
— Open Market Buy 96 $32.07 $3K 71
Jun 28, 2022 $CAE
CAE Inc.
— Open Market Buy 200 $32.09 $6K 71
Jun 28, 2022 $CAE
CAE Inc.
— Open Market Buy 100 $32.07 $3K 71
Jun 28, 2022 $CAE
CAE Inc.
— Open Market Buy 204 $32.05 $7K 71
Jun 28, 2022 $CAE
CAE Inc.
— Open Market Buy 304 $32.03 $10K 71
Jun 28, 2022 $CAE
CAE Inc.
— Open Market Buy 5,500 $32.03 $176K 71
Jun 28, 2022 $CAE
CAE Inc.
— Open Market Buy 1,100 $32.03 $35K 71
Jun 28, 2022 $CAE
CAE Inc.
— Open Market Buy 203 $32.00 $6K 71
Jun 28, 2022 $CAE
CAE Inc.
— Open Market Buy 104 $32.00 $3K 71
Jun 28, 2022 $CAE
CAE Inc.
— Open Market Buy 552 $32.00 $18K 71
Jun 28, 2022 $CAE
CAE Inc.
— Open Market Buy 100 $32.01 $3K 71
Jun 28, 2022 $CAE
CAE Inc.
— Open Market Buy 3,300 $32.02 $106K 71
Jun 28, 2022 $CAE
CAE Inc.
— Open Market Buy 602 $32.01 $19K 71
Jun 28, 2022 $CAE
CAE Inc.
— Open Market Buy 306 $32.01 $10K 71
Jun 28, 2022 $CAE
CAE Inc.
— Open Market Buy 200 $32.02 $6K 71
Jun 28, 2022 $CAE
CAE Inc.
— Open Market Buy 300 $32.01 $10K 71
Jun 28, 2022 $CAE
CAE Inc.
— Open Market Buy 900 $32.02 $29K 71
Jun 28, 2022 $CAE
CAE Inc.
— Open Market Buy 400 $32.02 $13K 71
Jun 28, 2022 $CAE
CAE Inc.
— Open Market Buy 200 $32.04 $6K 71
Jun 28, 2022 $CAE
CAE Inc.
— Open Market Buy 2,300 $32.05 $74K 71
Jun 28, 2022 $CAE
CAE Inc.
— Open Market Buy 33 $32.04 $1K 71
Jun 28, 2022 $CAE
CAE Inc.
— Open Market Buy 100 $32.02 $3K 71
Jun 28, 2022 $CAE
CAE Inc.
— Open Market Buy 267 $32.02 $9K 71
Jun 28, 2022 $CAE
CAE Inc.
— Open Market Buy 500 $32.04 $16K 71
Jun 28, 2022 $CAE
CAE Inc.
— Open Market Buy 100 $32.05 $3K 71
Jun 28, 2022 $CAE
CAE Inc.
— Open Market Buy 100 $32.07 $3K 71
Jun 28, 2022 $CAE
CAE Inc.
— Open Market Buy 4 $32.06 $128 71
Jun 28, 2022 $CAE
CAE Inc.
— Open Market Buy 2 $32.06 $64 71
Jun 28, 2022 $CAE
CAE Inc.
— Open Market Buy 653 $32.05 $21K 71
Jun 28, 2022 $CAE
CAE Inc.
— Open Market Buy 3,400 $32.06 $109K 71
Jun 28, 2022 $CAE
CAE Inc.
— Open Market Buy 100 $32.07 $3K 71
Jun 28, 2022 $CAE
CAE Inc.
— Open Market Buy 100 $32.08 $3K 71
Jun 28, 2022 $CAE
CAE Inc.
— Open Market Buy 500 $32.09 $16K 71
Jun 28, 2022 $CAE
CAE Inc.
— Open Market Buy 300 $32.10 $10K 71
Jun 28, 2022 $CAE
CAE Inc.
— Open Market Buy 100 $32.12 $3K 71
Jun 28, 2022 $CAE
CAE Inc.
— Open Market Buy 200 $32.12 $6K 71
Jun 28, 2022 $CAE
CAE Inc.
— Open Market Buy 200 $32.10 $6K 71
Jun 28, 2022 $CAE
CAE Inc.
— Open Market Buy 100 $32.11 $3K 71
Jun 28, 2022 $CAE
CAE Inc.
— Open Market Buy 600 $32.13 $19K 71
Jun 28, 2022 $CAE
CAE Inc.
— Open Market Buy 100 $32.14 $3K 71
Jun 28, 2022 $CAE
CAE Inc.
— Open Market Buy 300 $32.15 $10K 71
Jun 28, 2022 $CAE
CAE Inc.
— Open Market Buy 100 $32.15 $3K 71
Jun 28, 2022 $CAE
CAE Inc.
— Open Market Buy 300 $32.15 $10K 71
Jun 28, 2022 $CAE
CAE Inc.
— Open Market Buy 1,302 $32.15 $42K 71
Jun 28, 2022 $CAE
CAE Inc.
— Open Market Buy 600 $32.17 $19K 71
Jun 28, 2022 $CAE
CAE Inc.
— Open Market Buy 800 $32.18 $26K 71
Jun 28, 2022 $CAE
CAE Inc.
— Open Market Buy 11 $32.19 $354 71
Jun 28, 2022 $CAE
CAE Inc.
— Open Market Buy 100 $32.20 $3K 71
Jun 28, 2022 $CAE
CAE Inc.
— Open Market Buy 200 $32.19 $6K 71
Jun 28, 2022 $CAE
CAE Inc.
— Open Market Buy 300 $32.20 $10K 71
Jun 28, 2022 $CAE
CAE Inc.
— Open Market Buy 102 $32.20 $3K 71
Jun 28, 2022 $CAE
CAE Inc.
— Open Market Buy 10 $32.19 $322 71
Jun 28, 2022 $CAE
CAE Inc.
— Open Market Buy 100 $32.18 $3K 71
Jun 28, 2022 $CAE
CAE Inc.
— Open Market Buy 100 $32.19 $3K 71
Jun 28, 2022 $CAE
CAE Inc.
— Open Market Buy 15,700 $32.18 $505K 71
Jun 28, 2022 $CAE
CAE Inc.
— Open Market Buy 1,000 $32.20 $32K 71
Jun 28, 2022 $CAE
CAE Inc.
— Open Market Buy 5,100 $32.19 $164K 71
Jun 28, 2022 $CAE
CAE Inc.
— Open Market Buy 2,000 $32.21 $64K 71
Jun 28, 2022 $CAE
CAE Inc.
— Open Market Buy 2,600 $32.22 $84K 71
Jun 28, 2022 $CAE
CAE Inc.
— Open Market Buy 46,300 $32.20 $1.5M 71
Jun 28, 2022 $CAE
CAE Inc.
— Open Market Buy 102 $31.85 $3K 71
Jun 28, 2022 $CAE
CAE Inc.
— Exercise Sell 409,900 $16.15 $6.6M 71
Jun 28, 2022 $CAE
CAE Inc.
— Open Market Buy 400 $31.80 $13K 71
Jun 28, 2022 $CAE
CAE Inc.
— Open Market Buy 18,600 $31.80 $592K 71
Jun 28, 2022 $CAE
CAE Inc.
— Open Market Buy 672 $31.81 $21K 71
Jun 28, 2022 $CAE
CAE Inc.
— Open Market Buy 1,052 $31.80 $33K 71
Jun 28, 2022 $CAE
CAE Inc.
— Open Market Buy 201 $31.80 $6K 71
Jun 28, 2022 $CAE
CAE Inc.
— Open Market Buy 145,437 $31.80 $4.6M 71
Jun 28, 2022 $CAE
CAE Inc.
— Open Market Buy 32,000 $31.81 $1.0M 71
Jun 28, 2022 $CAE
CAE Inc.
— Open Market Buy 200 $31.81 $6K 71
Jun 28, 2022 $CAE
CAE Inc.
— Open Market Buy 3,800 $31.82 $121K 71
Jun 28, 2022 $CAE
CAE Inc.
— Open Market Buy 98 $31.82 $3K 71
Jun 28, 2022 $CAE
CAE Inc.
— Open Market Buy 100 $31.82 $3K 71
Jun 28, 2022 $CAE
CAE Inc.
— Open Market Buy 11,400 $31.82 $363K 71
Jun 28, 2022 $CAE
CAE Inc.
— Open Market Buy 602 $31.81 $19K 71
Jun 28, 2022 $CAE
CAE Inc.
— Open Market Buy 5 $31.84 $159 71
Jun 28, 2022 $CAE
CAE Inc.
— Open Market Buy 2,600 $31.84 $83K 71
Jun 28, 2022 $CAE
CAE Inc.
— Open Market Buy 6,400 $31.85 $204K 71
Jun 28, 2022 $CAE
CAE Inc.
— Open Market Buy 1,000 $31.86 $32K 71
Jun 28, 2022 $CAE
CAE Inc.
— Open Market Buy 100 $31.85 $3K 71
Jun 28, 2022 $CAE
CAE Inc.
— Open Market Buy 3,300 $31.87 $105K 71
Jun 28, 2022 $CAE
CAE Inc.
— Open Market Buy 2,500 $31.86 $80K 71
Jun 28, 2022 $CAE
CAE Inc.
— Exercise Buy 409,900 $16.15 $6.6M 71
Jun 28, 2022 $CAE
CAE Inc.
— Open Market Buy 100 $31.86 $3K 71
Jun 28, 2022 $CAE
CAE Inc.
— Open Market Buy 100 $31.86 $3K 71
Jun 28, 2022 $CAE
CAE Inc.
— Open Market Buy 100 $31.86 $3K 71
Jun 28, 2022 $CAE
CAE Inc.
— Open Market Buy 100 $31.87 $3K 71
Jun 28, 2022 $CAE
CAE Inc.
— Open Market Buy 2,800 $31.90 $89K 71
Jun 28, 2022 $CAE
CAE Inc.
— Open Market Buy 3,100 $31.91 $99K 71
Jun 28, 2022 $CAE
CAE Inc.
— Open Market Buy 100 $31.90 $3K 71
Jun 28, 2022 $CAE
CAE Inc.
— Open Market Buy 400 $31.90 $13K 71
Jun 28, 2022 $CAE
CAE Inc.
— Open Market Buy 7,500 $31.92 $239K 71
Jun 28, 2022 $CAE
CAE Inc.
— Open Market Buy 100 $31.90 $3K 71
Jun 28, 2022 $CAE
CAE Inc.
— Open Market Buy 300 $31.88 $10K 71
Jun 28, 2022 $CAE
CAE Inc.
— Open Market Buy 806 $31.90 $26K 71
Jun 28, 2022 $CAE
CAE Inc.
— Open Market Buy 600 $31.90 $19K 71
Jun 28, 2022 $CAE
CAE Inc.
— Open Market Buy 200 $31.93 $6K 71
Jun 28, 2022 $CAE
CAE Inc.
— Open Market Buy 7,300 $31.93 $233K 71
Jun 28, 2022 $CAE
CAE Inc.
— Open Market Buy 200 $31.94 $6K 71
Jun 28, 2022 $CAE
CAE Inc.
— Open Market Buy 1,100 $31.94 $35K 71
Jun 28, 2022 $CAE
CAE Inc.
— Open Market Buy 500 $31.95 $16K 71
Jun 28, 2022 $CAE
CAE Inc.
— Open Market Buy 600 $31.96 $19K 71
Jun 28, 2022 $CAE
CAE Inc.
— Open Market Buy 4 $31.96 $128 71
Jun 28, 2022 $CAE
CAE Inc.
— Open Market Buy 1,200 $31.95 $38K 71
Jun 28, 2022 $CAE
CAE Inc.
— Open Market Buy 600 $31.98 $19K 71
Jun 28, 2022 $CAE
CAE Inc.
— Open Market Buy 3,900 $31.98 $125K 71
Jun 28, 2022 $CAE
CAE Inc.
— Open Market Buy 100 $31.97 $3K 71
Jun 28, 2022 $CAE
CAE Inc.
— Open Market Buy 118 $32.00 $4K 71
Jun 28, 2022 $CAE
CAE Inc.
— Open Market Buy 1,300 $32.02 $42K 71
Jun 28, 2022 $CAE
CAE Inc.
— Open Market Buy 800 $32.00 $26K 71
Jun 28, 2022 $CAE
CAE Inc.
— Open Market Buy 900 $32.00 $29K 71
Jun 28, 2022 $CAE
CAE Inc.
— Open Market Buy 100 $32.01 $3K 71
Jun 28, 2022 $CAE
CAE Inc.
— Open Market Buy 10 $32.01 $320 71
Jun 28, 2022 $CAE
CAE Inc.
— Open Market Buy 102 $32.01 $3K 71
Jun 28, 2022 $CAE
CAE Inc.
— Open Market Buy 203 $32.01 $6K 71
Jun 28, 2022 $CAE
CAE Inc.
— Open Market Buy 2,700 $32.02 $86K 71
Jun 28, 2022 $CAE
CAE Inc.
— Open Market Buy 100 $32.01 $3K 71
Jun 28, 2022 $CAE
CAE Inc.
— Open Market Buy 502 $32.01 $16K 71
Jun 28, 2022 $CAE
CAE Inc.
— Open Market Buy 1,002 $32.01 $32K 71
Jun 28, 2022 $CAE
CAE Inc.
— Open Market Buy 2 $32.01 $64 71
Jun 28, 2022 $CAE
CAE Inc.
— Open Market Buy 302 $32.01 $10K 71
Jun 28, 2022 $CAE
CAE Inc.
— Open Market Buy 1,099 $32.01 $35K 71
Jun 10, 2022 $CAE
CAE Inc.
— Comp. Grant Buy 109,550 $33.47 $3.7M 71
Jun 10, 2022 $CAE
CAE Inc.
— Comp. Grant Buy 112,100 $33.47 $3.8M 71
Jun 10, 2022 $CAE
CAE Inc.
— Comp. Grant Buy 36,520 $33.47 $1.2M 71
Jun 03, 2022 $CAE
CAE Inc.
— Other Sell 100,450 $31.27 $3.1M 71
Jun 03, 2022 $CAE
CAE Inc.
— Other Sell 24,500 $31.27 $766K 71
Mar 23, 2022 $CAE
CAE Inc.
— Plan / DRIP Buy 2,840 $35.80 $102K 71
Dec 02, 2020 $CAE
CAE Inc.
— Other Sell 30,550 $26.60 $813K 71
Dec 02, 2020 $CAE
CAE Inc.
— Other Sell 150,449 $26.60 $4.0M 71
Jun 02, 2020 $CAE
CAE Inc.
— Comp. Grant Buy 40,700 $20.57 $837K 71
Jun 02, 2020 $CAE
CAE Inc.
— Comp. Grant Buy 30,932 $20.57 $636K 71
Jun 02, 2020 $CAE
CAE Inc.
— Comp. Grant Buy 482,300 $20.57 $9.9M 71
Mar 23, 2020 $CAE
CAE Inc.
— Plan / DRIP Buy 3,916 $31.46 $123K 71
Mar 23, 2020 $CAE
CAE Inc.
— Corp. Event Buy 3,441 — — 71
Muted rows are plan purchases, compensation grants, or DRIP — not open-market. Confluence Scores reflect the company's current score, not the score at time of trade.
Form55 provides data and analysis for informational purposes only. Nothing on this site constitutes investment advice or a recommendation to buy or sell any security. Past performance is not indicative of future results.