THRC Holdings, LP

10% owner THRC Holdings buys 2,500,000 shares of ACDC at $4.00 ($10.0M); stock down -63.4% from 52-week high, down -51.4% in 30 days.

THRC Holdings, a 10% owner, purchased 2,500,000 shares at $4.00 on 2025-08-14, increasing post-transaction holdings to 82,389,657 shares. The transaction occurs amid severe price deterioration: the stock trades at $3.85, down 63.4% from its 52-week high and down 51.4% over the past 30 days. At the same ticker (ACDC), this insider's prior 5 buy transactions showed mixed outcomes: 3 of 5 achieved positive 90-day returns after purchase, suggesting intermittent success at timing buys at this company. However, the current fundamental environment is materially challenged—the company posted a net loss of $105,900,000 for the latest quarter against revenue of $501,900,000, and annual revenue growth was -16.7%. The combination of a substantial position increase by a major owner during acute price weakness, paired with ongoing operational losses and negative revenue momentum, creates elevated scrutiny regarding whether this purchase reflects genuine conviction or responds to deteriorated valuation alone.

THRC Holdings (10% owner) bought 621,000 shares in ACDC over 3 days at blended average price $6.15; current price $6.13

THRC Holdings accumulated 621,000 shares across 3 separate transactions between 2025-05-14 and 2025-05-16 for $3,819,454.16, increasing holdings by 0.8% to 79.86M shares. The timing occurs amid significant recent price recovery (+35.6% in 30 days) from a 52-week low of $3.98, though the stock remains -36.4% below its 52-week high of $9.64. This 10% owner's prior trades at ACDC show a consistent pattern of well-timed purchases at the 90-day mark across 3 measurable instances (2024-09-09 through 2024-09-12), with gains of +13.4% to +18.5% realized within 30 days and +18.6% to +30.2% within 90 days. The company faces fundamental headwinds: -16.7% annual revenue decline (to $600.3M latest quarter), net losses of $-17.5M, and unprofitability over the most recent fiscal year. The scale of this buy and the insider's demonstrated accuracy at this specific ticker merit attention, but the underlying business deterioration requires investors to understand what conviction, if any, justifies accumulation into a contracting, unprofitable operation.

10% owner THRC Holdings buys 24,327 shares at $4.85 avg (May 2025); 4 prior ACDC buys all showed 30d+ gains

THRC Holdings, LP purchased 24,327 shares across 2 transactions (23,599 shares at $4.85 on 2025-05-12 and 728 shares at $4.93 on 2025-05-13) for a blended average price of $4.85, raising its stake to 79,234,858 shares. At the current price of $6.15, the stock trades 28.4% higher over the past 30 days and is -36.2% from its 52-week high of $9.64. THRC's prior 4 trades at ACDC (all buys in September 2024) each delivered positive 90-day returns of 30.2%, 19.4%, 18.6%, and 32.8%, establishing a consistent pattern of timing the buying opportunity well. Against this backdrop, the 10% owner's incremental purchase at $4.85 in May 2025—near the lower end of the 52-week range ($3.98–$9.64)—occurs during a period when the company is unprofitable ($-17.5M net income in latest quarter) and posted -16.7% annual revenue decline, yet the insider's historical execution at this specific ticker suggests conviction in the recovery thesis.

THRC Holdings LP (10% owner) bought 353.6K shares of ACDC at $6.17 on 2024-09-12; stock now -47.6% from 52-week high.

THRC Holdings LP purchased 353,635 shares at $6.17, adding to its 79.20M share position—a minimal 0.4% net increase in holdings. The timing context is unfavorable: the stock trades at $6.23, down 15.9% over 90 days and 47.6% below its 52-week high of $11.88, while the company remains unprofitable with a $-66.7M net loss against $579.4M in quarterly revenue. Critically, this transaction occurred amid a rapid sequence of five consecutive buy orders from the same filer spanning 2024-09-03 through 2024-09-12, suggesting cumulative accumulation during a period of significant price deterioration rather than a standalone conviction-driven decision. The insider's cross-ticker track record shows a 0.00% 90-day win rate on 20 prior open-market buys with an average 90-day return of -30.6%, indicating a consistent pattern of purchases that have not translated to positive outcomes within a three-month window.

THRC Holdings LP (10% owner) bought 265,007 shares for $1.7M at $6.25–$6.44 in two Sep 2024 transactions.

THRC Holdings LP, a 10% owner of ProFrac, executed two separate purchases totaling 265,007 shares for $1,706,235.82 at a blended average price of $6.44 on September 9–10, 2024, growing its stake from 78.58M to 78.84M shares. The stock has since declined to $5.84, down 50.8% from its 52-week high of $11.88 and down 29.0% over the past 90 days. The insider's cross-ticker track record shows 20 prior open-market buys with an average 90-day return of -30.5% and a 0.00% win rate, indicating a consistent pattern of unfavorable post-transaction stock performance. At ACDC specifically, the insider has completed 5 consecutive buys in August–September 2024 without yet measurable outcomes, suggesting continued accumulation despite the stock's recent steep decline and the company's unprofitable trailing year (net income of $-66.7M).

THRC Holdings buys 381,359 shares at blended avg $6.21; stock down 46.5% from 52-week high amid $-66.7M net loss.

THRC Holdings, a 10% owner, purchased 381,359 shares across two transactions on 2024-09-05 and 2024-09-06 at a blended average price of $6.21, representing a $2,366,586.23 investment. The current price of $6.36 stands 46.5% below the 52-week high of $11.88, and ProFrac reported a net loss of $-66,700,000.00 in its latest quarter with full-year results also negative. The insider's cross-ticker track record shows 20 prior buys with a 90-day win rate of 0.00% and average 90-day returns of -30.2%, indicating a pattern of purchases that have not resulted in positive outcomes. This acquisition occurs amid deteriorating financial fundamentals and a stock price in steep decline, adding context to the nature of the capital deployment but leaving the timing and rationale for this specific entry point unclear.

THRC Holdings, LP buys 792,329 shares (792.3K) at $6.49 avg across 2 transactions; stock down 48.2% from 52-week high, insider's cross-ticker track record shows 0% win rate at 90 days.

THRC Holdings, LP, a 10% owner, executed 2 separate purchases totaling 792,329 shares for $5,145,283.21 between August 30 and September 3, 2024. The timing context is unfavorable: the stock closed at $6.16 (current price) against a 52-week high of $11.88, placing the purchase prices near the mid-range of the recent decline. More significantly, this insider's cross-ticker buy track record shows 20 prior open-market purchases with an average 90-day return of -32.7% and a 0% win rate—no prior buys resulted in positive 90-day returns. At ACDC specifically, the insider has made 5 consecutive buys in the preceding week (August 21–28), none yet measurable in outcome, creating a pattern of sustained accumulation despite downward price momentum (stock down 16.6% over 30 days and 30.1% over 90 days). The company remains unprofitable, with a full-year net loss of $66,700,000, though revenue grew 8.4% year-over-year to $579,400,000. The filing reflects significant capital deployment by a major holder during a period of stock weakness and against a documented history of poor open-market timing outcomes.

10% Owner THRC Holdings purchased 101,209 shares across 2 transactions for $676,393.96 at $6.68–$6.69 on Aug 27–28

THRC Holdings, LP, a 10% owner, executed 2 separate purchases totaling 101,209 shares for $676,393.96 at a blended average price of $6.68 on August 27–28, 2024. The stock is currently trading at $6.77, marginally above the transaction prices, but is down 43.0% from its 52-week high of $11.88 and has declined 20.0% over the prior 30 days. The company is unprofitable with net income of $-66,700,000 in its most recent fiscal year, though annual revenue of $579,400,000 grew 8.4% year-over-year. Across the insider's cross-ticker open-market trading history, 20 prior buys averaged a 90-day return of -30.0% with a 0% win rate, while at this ticker specifically, the insider has made 5 buy transactions in rapid succession (August 16, 20, 21, 22, 23) with outcomes not yet measurable. The pattern of frequent accumulation during a sharp drawdown from the 52-week high warrants close tracking of the company's path to profitability and whether this price level represents stabilization or precedes further deterioration.

THRC Holdings, LP buys 106,466 shares at blended $6.17 as stock down 43.2% from 52-week high; company unprofitable.

THRC Holdings, LP, a 10% owner of ProFrac Holding Corp. (ACDC), made 2 purchases totaling 106,466 shares for $656,608.81 on consecutive days (90,821 shares at $6.11 on 2024-08-22 and 15,645 shares at $6.50 on 2024-08-23), bringing holdings to 77.30M shares. The purchases occurred as the stock trades at $6.75, down 43.2% from its 52-week high and down 19.2% over the past 30 days. The company is unprofitable (net income of $-66.7M on revenue of $579.4M in its latest quarter) and reported annual revenue growth of +8.4%, indicating operational expansion without profitability. Across the insider's cross-ticker track record of 20 prior buys, the average 90-day return was -28.1% with a 0.00% win rate, suggesting a historical pattern of poor timing; however, all 5 prior trades at ACDC remain too recent to yield measurable outcomes. The insider's holdings remain highly concentrated in this single position at 77.30M shares.

THRC Holdings (10% owner) purchased 377,129 shares in two tranches for $2,404,180.32 at ACDC; current price $6.11 down 48.6% from 52-week high.

THRC Holdings, LP, a 10% shareholder, executed two separate purchases totaling 377,129 shares (377.1K shares) for $2,404,180.32 ($2.4M) on 2024-08-20 and 2024-08-21 at a blended average price of $6.37, lifting post-transaction holdings to 77.20M shares. The stock is now trading at $6.11, down 48.6% from its 52-week high of $11.88 and down 19.2% over the past 30 days and 33.5% over 90 days. The company reported quarterly revenue of $579.4M with a net loss of $66.7M and remains unprofitable on a full-year basis, despite 8.4% annual revenue growth. This 10% holder's cross-ticker track record shows 20 prior open-market purchases with a 0.00% 90-day win rate and average 90-day returns of −26.7%, and his prior five trades at this same ticker (all buys in mid-to-late August) remain unmeasurable in outcome. The purchase pattern—five consecutive buy days in a compressed window amid significant price declines—alongside persistent unprofitability and poor historical timing suggests sustained downside pressure rather than a reversal signal.