Trading Places

The whole market's paper trail, in one place.

Every insider trade, institutional position, and Washington disclosure is public record. Trading Places assembles all of it into one dataset — and surfaces where the patterns line up. Research infrastructure, not advice.

What it is

Algorithm-first. A deterministic engine on public records — every number traces back to a filing you can verify. AI only interprets the results; turn it off and the engine still runs.

What it is

A research data platform, in three parts.

The data API

Programmatic access to the full dataset and the analytics layered on top — event clusters, cross-source convergence, historical pattern signatures. The same data for every subscriber. Build your own tools on it.

The desktop app optional

A licensed application that lets you explore the data without writing code — watchlists, visualizations, saved views. A window onto the API, nothing more.

Your AI, your key optional

Connect your own AI provider to read the data back in plain language. Your key, your provider — Trading Places never sees your prompts or your questions.

Everything it produces is general, factual, and identical for every user. It is not advice.

The database

Seventeen years of market behavior, quantified.

Every insider trade, every institutional position, every lobbying filing, every corporate disclosure. Parsed, structured, and cross-referenced. The system watches what people do with their money — not what they say.

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SEC filings parsed and stored.
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Unique insiders tracked.
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Companies covered.
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Quarters of institutional filings tracked.
The thesis

Information moves through markets in layers.

By the time a story reaches the public, others have already acted. The insiders who run the company. The institutions managing hundreds of billions. The politicians and lobbyists who see policy before it's announced. When those layers move together, the pattern becomes worth examining.

Layer 1 The Insiders

Company executives and directors are legally required to disclose their trades within two business days. When multiple insiders at the same company start buying — or selling — in close succession, that's the earliest visible signal. The system clusters these filings and compares them against historical patterns.

5M+ insider transactions, clustered and compared against historical patterns
Layer 2 The Institutions

Hedge funds and investment managers disclose their positions every quarter. The filings are delayed, but the scale is enormous — this is where serious money confirms or refutes what the insiders are doing. When institutional flow aligns with insider clusters, the pattern strengthens. When they diverge, something unusual is worth understanding.

57M+ position snapshots · 13,000+ institutions · 199 quarters
Layer 3 The Capitol

Members of Congress disclose their trades under the STOCK Act. Corporations disclose their lobbying activity by bill and issue. The system tracks both — and watches for the pattern where a company lobbies a specific issue, the relevant committee members trade the stock, and the policy announcement follows weeks later.

26K+ congressional trades · 152K+ lobbying filings · 10K+ clients
The system

A system, not a prompt.

Most AI tools ask a model to search the internet and form an opinion when you type a question. Trading Places is different. The work is already done before you ask.

Always running. The system doesn't start when you ask a question. It's been working since before you logged in — collecting filings, scoring patterns, comparing against years of historical data. Continuously. While you sleep.

Already computed. When you look up a ticker, you're not waiting for an AI to form an opinion. The cluster was already detected. The pattern was already matched against the historical record. The comparison is already done. You're reading results, not requesting them.

Data first, AI second. The engine underneath is pure math on public filings. Deterministic. Reproducible. Every number traces back to a specific SEC document you can verify yourself. AI interprets the results in plain language — but if the AI disappeared tomorrow, the engine would still run.

Grounded in outcomes. Every signal is tracked against what actually happened, so the historical comparisons reflect real results, not guesses.

How it works

Under the hood, the work happens in three stages — running continuously, whether you're watching or not.

Stage one
Collect

Public filings, disclosures, and market data flow in continuously from their official sources, around the clock.

Stage two
Detect

Everything is structured and cross-referenced, surfacing where activity lines up across sources and against the historical record.

Stage three
Calibrate

Every signal is checked against what actually happened, keeping the comparisons grounded in real outcomes.

Case files

Three patterns the system recognizes.

These are pattern examples drawn from public SEC filings. They illustrate how the system cross-references disclosures that anyone can read — but almost nobody does. Educational examples, not forecasts.

When the price and the filings disagree.

A recurring pattern in the historical dataset: a stock climbing on enthusiasm while the people who run the company — and the institutions that hold it — quietly move the other way. The system is built to surface that gap, because the filings tell a different story than the price.

Insider layer
Tens of millions in insider sales over 90 days. Multiple executives. No corresponding insider purchases — no buying cluster to offset the distribution.
Institutional layer
Across the most recent 13F filings, large holders trim or exit positions even as the share price keeps rising.
Public record
Every Form 4 and 13F here was public and disclosed on schedule. Individually, each filing is noise. Assembled onto one timeline, they point the same way.
Divergence
The price says euphoria. The filings say distribution. The system surfaces the divergence as the signal — not because any one filing is decisive, but because the layers agree with each other and disagree with the price.
The system doesn't tell you what to do. It shows you when the price and the filings are pointing in different directions. What you do with that is up to you. But you can't weigh the divergence if you only see the price.

The distressed-company sector rename.

A recurring pattern: a small-cap company far below its peak, in a deteriorating core business, announces a strategic pivot into whatever sector is currently attracting speculative capital — blockchain, cannabis, metaverse, quantum, AI. The stock spikes. The system recognizes the signature because it has resolved the same way many times.

Distress profile
Stock far below its historical peak. Core business shrinking. Retail footprint closing. Flagship assets being sold off. Revenue in multi-year decline. A company in the final act of a long fade.
The pivot announcement
An 8-K filing declares a strategic shift into the current speculative sector and a corporate rename to reflect it. No announced customers. No disclosed technology. No prior expertise in the space.
Financing structure
A convertible note from an undisclosed institutional investor, often sized at multiples of the entire market cap. The convertible structure lets the investor convert debt to discounted equity — a mechanic that has interacted with price spikes in specific, documented ways.
Insider signal
Zero insider purchases in the 90 days before the announcement. In many cases, quiet insider sales. The people closest to the "pivot" aren't putting their own money behind it.
Historical base rate
Across the cohort of historical sector-rename pivots the system has catalogued, the outcome has been strikingly consistent: a large majority drifted back toward their pre-announcement price within months, and a meaningful share later faced SEC enforcement action. The cohort spans nearly a decade and every major speculative sector cycle in that window.
The system doesn't characterize anyone. It recognizes the pattern and shows you the record. When similar announcements have resolved the same way again and again, that's not a prediction — it's history. The pattern was the signal. The history was the context. The decision is still yours.

When the people who built it head for the door.

One of the most consistent patterns in the data: founders and long-tenured insiders selling down — often alongside governance changes — while the institutions that held the stock quietly step back. None of it is hidden; it just never arrives as a single headline.

Founder & long-tenure exits
Sales clustered around founders, long-tenured executives, or board members — especially when they coincide with board departures or other governance changes. The system tracks these signatures separately, because historically they behave differently from routine insider sales.
Insider layer
Over a six-month window, insider transactions skew heavily to the sell side, with few or no offsetting purchases — even as the share price holds up.
Institutional layer
Quarterly 13F filings show large holders reducing or exiting positions while nothing in the public narrative looks alarming.
The signal
Each filing was public the whole time. The pattern only emerges when hundreds of them are assembled onto a single timeline. The missing piece was the assembly — and that's what the system does.
The system doesn't predict the future. It assembles public filings into a picture that's otherwise spread across hundreds of documents over months. What the picture means, and what to do about it, is up to the reader.