High-Insider-Owned TSX Growth Stocks: Why Alignment Drives Outperformance in 2025

In the dynamic world of equity investing, alignment between management and shareholders often serves as a critical catalyst for long-term value creation. This principle is particularly evident in the TSX's high-insider-owned growth stocks, where executives and directors hold significant stakes in their companies. As of November 2025, three standout names-New Found Gold (CVE:NFG), Colliers International Group (TSX:CIGI), and Stingray Group (TSX:RAY.A)-demonstrate how strategic ownership alignment can drive outperformance, even amid macroeconomic uncertainty.

The Power of Insider Ownership: A Structural Advantage

Insider ownership acts as a proxy for management's confidence in a company's future. When executives and directors hold substantial equity, their incentives align with maximizing shareholder value, fostering disciplined capital allocation and long-term strategic focus. According to a report by Kalkine, companies with insider ownership exceeding 15% have historically outperformed the broader TSX by an average of 8% annually.

New Found Gold (NFG): A Case of Extreme Alignment

New Found Gold, a junior gold miner with a 44.06% insider ownership stake, exemplifies the power of this alignment. Management's heavy investment in the company underscores their conviction in its high-grade gold project in Newfoundland. This alignment has translated into aggressive exploration spending and a 2025 revenue growth forecast of 35%, driven by rising gold prices and expanding resource estimates. As stated by MarketBeat, insiders have remained net buyers in 2025, reinforcing confidence in the company's ability to deliver on its 2030 production targets.

Colliers International Group (CIGI): Strategic Expansion and Prudent Stewardship

Colliers International Group, a real estate services firm, maintains insider ownership of 14.0%, a level consistent with its growth-oriented strategy. The company's 2025 expansion into emerging markets, including Southeast Asia and Eastern Europe, has been supported by insider-led capital efficiency initiatives. A report by Yahoo Finance highlights that insiders have consistently prioritized debt reduction and technology investments, positioning Colliers to capitalize on a post-pandemic rebound in commercial real estate activity. With a projected 12% earnings growth in 2025, the firm's insider-driven focus on operational leverage appears to be paying dividends.

Stingray Group (RAY.A): Navigating Transition with Insider Confidence

Stingray Group, a digital media and entertainment company, presents a nuanced case. As of November 2025, insiders hold 22.7% of the company, a figure that reflects both strategic investment and recent selling activity. While insider transactions have been mixed-MarketBeat notes significant selling in Q4 2025-executives have remained net buyers over the past three months according to Webull. This duality underscores the company's transition phase: insiders are hedging against short-term volatility in streaming markets but remain committed to long-term innovation in AI-driven content. With a 2025 revenue forecast of 18% growth, Stingray's insider alignment suggests a cautious yet optimistic outlook.

Risks and Strategic Catalysts

While high insider ownership is a positive signal, it is not without risks. For instance, excessive concentration of shares among insiders can reduce liquidity, as seen in New Found Gold's case. Additionally, divergent views among insiders-evident in Stingray's mixed trading activity-can create uncertainty. Investors must also scrutinize the quality of growth initiatives. Colliers' international expansion, for example, hinges on execution in politically sensitive markets.

However, the strategic catalysts outweigh these risks. For New Found Gold, a potential 2026 gold price surge could unlock $500 million in undervalued reserves. Colliers' AI-driven property valuation tools offer a 15% cost-reduction edge in a competitive sector. And Stingray's pivot to subscription-based models, backed by insider capital, positions it to capture a $2 billion global niche market by 2027.

Conclusion: Alignment as a Competitive Edge

The 2025 performance of high-insider-owned TSX stocks underscores a timeless investing principle: when management's skin is in the game, companies tend to outperform. New Found Gold, Colliers International Group, and Stingray Group each illustrate how ownership alignment drives disciplined decision-making and growth. While risks persist, the strategic catalysts-ranging from resource discovery to digital transformation-make these names compelling for investors seeking long-term value.