90 New Congressional Trades + Data Exportation

Author

Rachel Kloepfer
April 15, 2024

Congressional trading was in high volume this week with infamous traders Josh Gottenheimer, Michael Burgess, and Kevin Hern releasing new trades, along with 7+ others.

Here’s a rundown of what we’ve seen in the data recently.

LAST WEEK’S CONGRESSIONAL TRADES 

Insights from our Congress Trading Dashboard

  • Representative Josh Gottenheimer filed 9 security purchases including Perella Weinberg (PWP) - a financial services company. He also filed the sale of 24 securities including Apple (AAPL) pre-DOJ lawsuit, Tesla (TSLA), Taiwan Semiconductors (TSM), and more. Gottenheimer sits on the Committee on Financial Services. 

  • Representative W. Gregory Steube filed a sale of Synovus Financial (SNV). Steube sits on the Committee on Ways and Means. 

  • Representative Mark Green filed a sale of NGL Energy Partners (NGL). Green has been selling energy stocks, including NGL, in high quantities since December 2023. 

  • Representative Lloyd Doggett filed four security purchases including Johnson & Johnson (JNJ). Doggett is the chair of the House Ways and Means Subcommittee on Health.

  • Representative Michael Burgess filed sales of Exxon Mobile (XOM) and Illumina (ILMN). Burgess sits on the Committee on Energy and Commerce.

  • Representative Rick Larsen filed a sale of United Parcel Services (UPS) and a purchase of FedEx (FDX). Larsen sits on the Committee on Transportation and Infrastructure.

  • Representative Virginia Foxx filed purchases of Ardmore Shipping (ASC) and Hercules Capital (HTGC). She sits on the Committee on Oversight and Accountability.

  • Representative Chip Roy filed sales of almost his entire stock portfolio, including Exxon Mobile (XOM) and Chevron (CVX). Roy has sponsored a bill to ban congressional stock trading.

  • Representative John W. Hickenlooper filed sales of Formula One Group and Liberty Media Corporation (LSXMK). Hickenlooper is on Committees spanning Commerce, Entrepreneurship, Labor, and more.

  • Representative Kevin Hern filed 15 new security purchases including Lockheed Martin (LMT), RTX Corporation (RTX), Devon Energy (DVN), and more. Hern sits on the Committee on Ways and Means.

  • Senator Ron Wyden filed a sale of United Parcel Systems (UPS). Wyden sits on the Committees on Finance and Budget.

To see more details about their trades, and how they’ve performed since, check out our Congress Trading Dashboard. 

PATENT FILING HIGHLIGHTS

Insights from our Patents Dashboard.

The patent dashboard allows you to search for recently filed patents by either company ticker or patent keyword.

Below, patents are filtered under the keyword “defense”. We can see that recently:

  • BAC filed a patent for “Artificial intelligence vulnerability collation”

  • TSM filed a patent for a “Deep trench capacitor fuse structure for high voltage breakdown defense and methods for forming the same”

  • IBM filed a patent for “Detecting and mitigating poison attacks using data provenance”

Interestingly enough, we can conclude that a large percentage of patents filed with the keyword “defense” are actually artificial intelligence related.

To search a keyword or company of your preference, check out the dashboard for a full breakdown. 

EXPORT QUIVER’S DATA TO EXCEL

Insights from Quiver Premium

Quiver’s data export allows you to download the raw data from our different data sets for your own use in due diligence, research, record-keeping, and more. The ability to access your own editable, organizable data can give you a more customized experience when it comes to how you use Quiver’s features.

Above is the list of available datasets for export.

You can try out features like this for yourself with Quiver Premium. 

Rising Insurance Costs: The New Challenge for U.S. Car Buyers

Insights from the Quiver News Feed

The landscape of car ownership in the U.S. is undergoing a significant shift, with rising insurance costs emerging as a new challenge for buyers. Darin Davis, a real estate agent from Dallas, exemplifies this trend as he faced nearly doubled insurance rates on his new Cadillac XT4 (GM). While car prices are finally easing after the pandemic-induced surge, buyers like Davis are now grappling with soaring auto insurance rates. These increased rates, which can account for more than a quarter of the total cost of owning a vehicle, are driven by factors such as the high costs of repairing advanced vehicles and more frequent storm damage due to climate change. This juxtaposition of decreasing car prices but increasing insurance rates highlights an evolving pain point in the U.S. economy, particularly as the Federal Reserve strives to manage overall inflation.

The Labor Department reports a 3.5% rise in the Consumer Price Index last month from a year earlier, with auto insurance costs jumping a striking 22.2% in the same period. In contrast, new vehicle prices slightly declined by 0.1%, and used prices dropped by 2.2%. Dealers are offering more incentives, helping reduce upfront costs, but the burden of high insurance rates is becoming an increasingly significant factor in car-buying decisions, particularly for budget-conscious consumers. Sean Tucker from Kelley Blue Book notes an emerging trend where potential buyers are either declining or returning vehicles due to unaffordable insurance costs, a concern that's now prominent enough to warrant inclusion in their buying tips.

Continued on our News Feed.