In a week that's been red for the market as a whole, our long-only strategy which mimicks stock trading by U.S. congressmen is up.
More info at quiverquant.com/strategies
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Quiver Congress
@QuiverCongress
Tracking stock trading on Capitol Hill
Not investment advice
Joined October 2021
Quiver Congress’s Tweets
BREAKING: Rep. Michael Burgess just disclosed selling up to $500K of Stryker ( $SYK ) stock
Stryker is a medical device company
Burgess is a former doctor and sits on a House subcommittee on health and a subcommittee on consumer protection
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BREAKING: Rep. Gerald Connolly appears to have violated the STOCK act, as he just disclosed three stock transactions almost a week past the 45-day reporting deadline.
The trades include a sale of up to $50K of Lidos Holdings ( $LDOS ), which is down over 10% since his sale.
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BREAKING: Jeff Bezos is reportedly considering selling The Washington Post and buying the Washington Commanders.
This isn't the only way that Bezos is buying influence in DC, as Amazon is consistently one of the top spenders on Congressional lobbying.
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Rep. Christopher Jacobs just filed over 40 new trades.
Two of the most successful congressional trades in 2022 were purchases of biotech companies by Jacobs - and there are several new biotech purchases disclosed in this filing.
Full trade list is up on Quiver.
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Google shares have surged 6% since last Friday after they announced 12,000 job cuts.
Nancy Pelosi has missed out on double-digit returns, after selling more than $1 million worth of $GOOGL shares in December.
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Here are the trade reporting rules for corporate insiders, hedge funds, and members of Congress
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Greene's most recent purchase of $LMT was on February 22nd - two days before Putin would declare war on Ukraine.
The stock rose over 20% in less than two weeks.
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Yesterday, Rep. Marjorie Taylor Greene was given a seat on the Homeland Security Committee
Over the last two years, Greene has bought up to $60K worth of stock in the defense contractor Lockheed Martin ( $LMT )
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Rep. Kathy Manning made a well-timed purchase of NVIDIA stock ( $NVDA ) on October 12th.
The stock has risen over 50% in just over three months since her purchase.
It had fallen over 20% in the three months prior to her trade.
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On October 6, Senator Tommy Tuberville purchased $SCI, a funeral & cemetery services company.
Due to this buy, our Natural Resources Committee Strategy picked it up on October 10, and the position is up 19% since then.
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See her trades here:
quiverquant.com/sources/houset
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Nancy Pelosi just disclosed losses of:
- $853K on PayPal stock
- $733K on Salesforce options
- $500K on Tesla stock
- $235K on Roblox options
Maybe spending a bit too much time on WallStreetBets since losing her role as Speaker of the House
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See her trades here:
quiverquant.com/sources/houset
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BREAKING: Nancy Pelosi just disclosed several million dollars worth of stock trades made by her husband
Trades include a sale of ~$700K of Tesla stock ( $TSLA )
Full trade list up on Quiver
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As one of the most prolific traders on Capitol Hill, she'll now have the opportunity to oversee many of the stocks she may own.
Use our Congress dashboard to track her stock trades in real time... quiverquant.com/sources/houset
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Rep. Virginia Foxx filed 27 trades worth at least $600,000 on Jan 5, 2023. Every single one was filed at least 270 days late, some more than 300.
Has she been investigated?
No. Instead, she was appointed chair of the House Education and Workforce Committee this Monday.
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For those hoping that a change of House leadership will mean better regulation of their stock trading…
One of Speaker McCarthy's first proposals would severely undermine the Office of Congressional Ethics.
The OCE is responsible for investigating violations of the STOCK Act.
Quote Tweet
The House has a speaker, but has not yet adopted a Rules package. Unfortunately, the proposed Rules package for the 118th Congress has provisions that would make it nearly impossible for @CongressEthics (OCE) to do its vitally important work.
campaignlegal.org/update/clc-lea
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In late November, Senator Tommy Tuberville disclosed that he had purchased stock in Cleveland-Cliffs, a steel producer and manufacturer.
$CLF has returned 31% since his trades were first disclosed, and 28% since being picked up by our Congress Buy Strategy on Dec 19.
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BREAKING: Rep. Virginia Foxx disclosed a purchase of up to $100K of stock in the tobacco company Altria Group ( $MO )
Altria Group has a 35% stake in the e-cigarette maker Juul.
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Members of Congress have traded over $7m in U.S. Treasuries and TIPS in the past 90 days.
This is a significant increase from volume of under $50k in the last several months of 2021.
Rep. Brad Sherman of California alone accounts for $1.5m
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Yesterday, an antitrust lawsuit was filed seeking to halt the JetBlue/Spirit merger due to concerns about lack of competition on some routes.
By 5:40pm last night, JetBlue reported spending $20k on lobbying Congress for the merger.
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The U.S. government filed a lawsuit against AmerisourceBergen ( $ABC ) last week for their role in the opioid crisis.
In the weeks prior to this lawsuit being announced, we noticed massive stock sales by AmerisourceBergen insiders.
More info on the insider sales below:
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BREAKING: Steve Scalise just passed Kevin McCarthy in PredictIt's betting market for the next Speaker of the House.
The third round of voting is in progress.
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McCarthy didn't get a single extra vote in the second round of balloting.
We'll see if they vote again today, or adjourn until tomorrow.
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BREAKING: The second round of voting for the next Speaker of the House has begun.
So far, all the Republicans who voted against McCarthy in the first round have voted for Jim Jordan this round.
It looks like it will go to a third round of voting.
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BREAKING: Matt Gaetz just nominated Jim Jordan as the Speaker of the House.
This comes after Jim Jordan nominated Kevin McCarthy as the next Speaker of the House just minutes ago.
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Breaking: For the first time since 1923, the election for the Speaker of the House will go to a second ballot.
It remains uncertain who will fill the role.
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Breaking: Kevin McCarthy, Hakeem Jeffries, and Andy Biggs were just nominated for the role of Speaker of the House.
Voting has just begun. We're streaming it on Twitch alongside live prediction market data.
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The election for the next Speaker of the House is about to begin.
It’s still uncertain who will fill the role, and it could go to a second ballot for the first time since 1923.
Watch it live here, alongside live prediction market data:
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1. Chris Jacobs’ purchase of Axsome Therapeutics ( $AXSM ) on June 16th.
Just over a month after Jacobs’ purchase, Axsome would get U.S. approval for their depression drug.
In the half a year since his purchase, the stock has risen over 250%(!)
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2. Chris Jacobs’ purchase of Allakos Inc. ( $ALLK ) on June 16th.
Since his purchase, the biotech stock has risen over 220%.
Even more strange is that the company had a market cap of ~$100M when he made his purchase - congressmen usually limit themselves to large cap stocks.
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5. Josh Gottheimer’s purchase of ChemoCentryx ( $CCXI ) on April 19th.
ChemoCentryx would later be acquired by Amgen, netting Gottheimer a return of over 140% on his trade.
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