2024 Congress Trading Wrapped

Highlights from the Last Year of Stock Trading in Congress

Author

David Love
December 10, 2024

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DATA ROUNDUP
Quiver Quant 2024 Congressional Trading Wrapped

It’s that time of the year, the 2024 Political Stock Trading Wrapped has arrived. This report reveals just how active our elected officials have been in the markets.

From highest profits to most active traders, the data paints an intriguing picture of stock market engagement among those in power.

Senator Josh Gottheimer (D) was the volume king, pushing $48 million in trades this year. Rep. Nancy Pelosi's (D) not far behind at $14 million. Rep. Tommy Tuberville (R), Rep. Scott Franklin (R), and Rep. Victoria Spartz (R) round out the top 5 with $6.9M, $5.9M, and $3.1M respectively.

But when it comes to estimated profits, Pelosi takes the crown. She's sitting on a cool $38.6M in gains. Senator Mitt Romney's (R) in second with $20.9M. Senator Mark Warner (D), Senator Pete Ricketts (R), and Senator Mitch McConnell (R), are also crushing it, each booking $8M+ in profits.

Pelosi's portfolio is a tech lover's dream. Nvidia's (NVDA) her golden goose, up 115.9%. Apple's (AAPL) not too shabby at 56.4%. Google (GOOG), Palo Alto Networks (PANW), and Crowdstrike (CRWD) are all 35%+ gainers. Her YTD performance? A casual 48.4%.

People are taking notice. $261.6M in copied trades have been following her moves on Autopilot, follow the crowd and copytrade on Autopilot.

Insights from our Quiver Strategies

POLITICS
Last Week’s Congressional Trades

Insights from our Congress Trading Dashboard

Several members of Congress have already made millions of dollars in the stock market in 2024:

  • On 1/04/24 Senator Markwayne Mullin (R) bought stock in Axon Enterprises (AXON). It’s a major government contractor, that develops electroshock weapons. Mullin also sits on the Senate Armed Services Community. The stock has now increased 180% since his purchase.

  • Starting on 11/14/24 Rep. Josh Gottheimer (D) bought tup to $90K in Tesla (TSLA) stock. He is already up 25% on his trade compared to a 2.43% increases for the S&P 500 index.

  • Representative Jared Moskowitz (D) disclosed 40 stock transactions on December 9, 2024, dominated by 34 purchases across technology, healthcare, and industrial sectors, with companies like Amazon (AMZN), Nvidia (NVDA), and Meta (META), and Lockheed Martin (LMT).

  • Most trades were relatively small ($1,001-$15,000), though there were three larger transactions including a significant sale of up to $100K of SBCF bank stock. Full List up on Quiver.

NEWS
Tesla Eyes 2025 Robotaxi Launch in California and Texas

Tesla (TSLA) is preparing to launch its long-awaited robotaxi service, starting with a company-owned fleet supported by human teleoperators for safety, according to a Deutsche Bank note following a meeting with Tesla’s head of investor relations, Travis Axelrod. The electric vehicle maker plans to deploy the service in California and Texas next year, aligning with its earlier-stated goals, the bank revealed on Friday.

The robotaxi fleet will initially rely on an internally developed ride-hailing app, with teleoperators providing redundancy and safety oversight. Tesla remains focused on releasing its lower-cost vehicle in the first half of 2025, alongside additional new models later in the year. Deutsche Bank raised its price target for Tesla shares to $370 from $295, citing optimism about the company’s trajectory in autonomous driving and its broader vehicle portfolio.