At a glance
- Most of that growth arrived this year: ETFDb data cited in the same report puts net inflows at about $169 million between Jan. 1 and Sept. 14, close to 40 cents of every dollar now in the fund.
- The mechanics are the draw, because COPY's portfolio team targets value companies where insiders are buying their own stock while also taking positions in companies repurchasing shares opportunistically; the case, as the report frames it, is that an officer buying at a discount knows something about intrinsic value that the market has not priced.
- The crossing reflects an advisor-channel decision that a value wrapper with a legible screen belongs in client portfolios, and only secondarily a test of the screen itself.
Tweedy, Browne's Insider + Value ETF crossed the $400 million asset mark and sat at roughly $421 million as of Sept. 14, according to ETF Trends, but the number says at least as much about distribution as it does about the screen. Most of that growth arrived this year: ETFDb data cited in the same report puts net inflows at about $169 million between Jan. 1 and Sept. 14, close to 40 cents of every dollar now in the fund.
The mechanics are the draw, because COPY's portfolio team targets value companies where insiders are buying their own stock while also taking positions in companies repurchasing shares opportunistically; the case, as the report frames it, is that an officer buying at a discount knows something about intrinsic value that the market has not priced. ETF Trends credits two forces for the momentum: the return of value investing after years of living in growth's shadow, and the rate-and-inflation uncertainty that pushes allocators toward companies with stable operations rather than speculative growth tech.
The crossing reflects an advisor-channel decision that a value wrapper with a legible screen belongs in client portfolios, and only secondarily a test of the screen itself. As this publication noted in August, COPY's 20.30% year-to-date gain through late summer was a strong opening chapter for the insider filter, and the filter's cycle test is still ahead. Flows that arrive on the way into a value regime can leave on the way out.
Assets are the visible scoreboard in a wrapper where shelf space and advisor attention are the scarce inputs rather than ideas, and $421 million is a substantial number for a strategy this specific, but it is not a verdict on the research. The account gives no fee, no holdings detail, and no split of the year's return between the screen and the market's re-rating of cheap stocks, which is the gap a single trade report always leaves.
About $20 million a month has moved into COPY so far in 2026, and if that pace holds through December the fund adds another $70 million or so, which would turn the next round number into a formality. The harder question is the one flows cannot answer: whether insider accumulation keeps predicting value returns once the gap between cheap and expensive stocks is no longer this wide.
Reported by the Active desk from ETF Trends, ETFDb and PWD archive: COPY's insider-buying filter is a value edge. Published . Corrections