Rep. Greene Mirrors Rep. Pelosi's Trading Patterns: A Closer Look

What you can expect to read about today:

• An overview of recent notable Congress trades, is Rep. Marjorie Green Taylor copying Rep. Nancy Pelosi?

• Dive into the changes from August-September 2024 on 3 featured Quiver Strategies.

• Warren Buffet makes another Bank of America sale, loading up a war chest. Read more below.

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LAST WEEK’S CONGRESSIONAL TRADES 

Insights from our Congress Trading Dashboard

• Representative Marjorie Taylor Greene (R) has disclosed new stock trades, which appear to closely resemble Representative Nancy Pelosi’s largest holdings (D):

  • (NVDA) purchased up to $15k on June 24, 2024 and is down 5.01%.

  • (PANW) purchased up to $15k on Sept 4, 2024 and is down 5.18%.

  • (GOOG) purchased up to $15k on Sept 4, 2024 and she is down 2.62%.

  • (CRWD) purchased up to $15k on Sept 4, 2024 and is down 7.83%.

  • Amongst other names like (AMZN), (AAPL), (MSFT), (SQ), (QCOM), and (DIS).

  • Nancy Pelosi currently holds 23 stocks, while Marjorie Taylor Greene holds 34. Nearly half of Greene’s portfolio seems to mimic Pelosi’s investments.

• Senator John Hickenlooper (D) bought up to $100k in (LINE) on 7/3/2024 and disclosing 9/5/2024. This purchase was facilitated through his spouse, listed as the account owner.

• Representative Debbie Wasserman Schultz (D) just bought stock in the Hecla Mining Company (HL) (up to $15k). This trade is notable because it’s the only trade made by her in months & first time we have seen a politician trade (HL) in years.

• We posted this report on a suspicious purchase of Fair Isaac stock by Representative Josh Gottheimer (D) in May. (FICO) has now risen 53% since the trade. It's a credit scoring service. Gottheimer sits on the House Financial Services Committee.

To see more details about their trades, and how they’ve performed since, check out our:

🚨QUIVER STRATEGIES FEATURED🚨

Insights from our Quiver Strategies (available on Quiver & eToro):

Congress Trades

📈New updates in the Congress Trades Portfolio! 📈

The latest monthly rebalance reveals strategic adjustments within the portfolio, reflecting changes aligned with congressional trading activity.

💸Key changes include:

• Positions Closed: The entire position in: Farmers & Merchants Bancorp (FMAO), DT Midstream (DTM), JPMorgan (JPM) , Clearway Energy (CWEN), Amazon (AMZN), Vanguard Tax Managed Fund (VEA), Parker-Hannifin (PH), and Home Depot (HD) were closed.

• Position Rebalanced: There has been a reduction in Nvidia (NVDA) from 51.38% to 48.17% & Simon Property Group (SPG) from 6.92% to 3.22%

• New Positions Opened: New positions have been established in Amgen (AMGN), Garmin (GRMN), General Dynamics (GD), Chubb (CB), Accenture (ACN), Hershey (HSY), Air Products and Chemicals (APD), and TE Connectivity (TEL).

The Congress Buys strategy continues to adapt to the latest congressional trading patterns, focusing on potentially valuable insights from political insiders.

Corporate Lobbying Spending Growth

📈 New updates in the Lobbying Spending Portfolio! 📈

This strategy takes an equal-weighted position in 10 publicly-traded companies that disclosed the most Quarter over Quarter growth in U.S. federal lobbying expenditures, rebalanced monthly.

💸 Key changes include:

• Positions Closed: The entire positions in Constellation Brands (STZ) and Quanta Services (PWR) have been closed.

• New Positions Opened: New positions have been established in United Airlines Holdings (UAL) and Ball Corporation (BAL).

• Positions Held: Formula One Group (FWONA), ESS Tech (GWH), Moderna (MRNA), Norfolk Southern (NSC), International Business Machines (IBM), C3.ai (AI), eBay (EBAY), and Roblox (RBLX) have been maintained in the portfolio with unchanged weights of 10% each.

The Lobbying Spending Growth strategy continues to focus on companies with significant increases in lobbying expenditures, which may indicate upcoming regulatory changes or business opportunities.

DC Insider

📈New updates in the DC Insider Portfolio📈

This strategy tracks the performance of companies with a significant amount of both corporate lobbying, government contracts, and congressional stock trading. The portfolio is rebalanced at the start of every month, and weighted to match S&P 500 sector allocation.

💸 Key changes include:

• Positions Closed: The entire positions in Exxon Mobil (XOM), Cardinal Health (CAH), Northrop Grumman (NOC), International Business Machines (IBM), and The Mosaic Company (MOS) have been closed.

• New Positions Opened: New positions have been established in Chevron (CVX) at 4.65%, Merck & Co. (MRK) at 4.89%, General Dynamics (GD) at 3.88%, Oracle (ORCL) at 8.86%, and Sherwin-Williams (SHW) at 2.50%.

• Positions Held: AT&T(T), Comcast (CMCSA), Ford (F), General Motors (GM), Home Depot (HD), Sysco (SYY), Kellogg (K), S&P Global (SPGI), BlackRock (BLK), American Express (AXP), Pfizer (PFE), Abbott Laboratories (ABT), Lockheed Martin (LMT), Microsoft (MSFT), Accenture (ACN), American Tower (AMT), and Southern Company (SO) have been maintained in the portfolio with unchanged weights.

The DC Insider strategy continues to focus on companies with significant insider trading activity in Washington, D.C., which may indicate potential policy or regulatory changes affecting these companies. This rebalance underscores the portfolio's dynamic approach, maintaining alignment with evolving political and corporate landscapes.

Check out our Quiver Strategies on Quiver:

WARREN BUFFETT’S ONGOING BANK OF AMERICA SALES

Warren Buffett’s Berkshire Hathaway (BRK.A) has continued selling shares of Bank of America (BAC), bringing its total sales since mid-July to nearly $7 billion. The latest sales, which took place between Sept. 3 and Sept. 5, amounted to 18.7 million shares, raking in approximately $760 million. Despite this, Berkshire remains the bank’s largest shareholder with an 11.1% stake, though it is expected to keep selling until its holding drops below 10%. Shares of Bank of America were down 1% in premarket trading following the news.

Buffett’s long-standing confidence in Bank of America’s management, led by CEO Brian Moynihan, stems from Berkshire's initial $5 billion investment in 2011 to stabilize the bank post-2008 crisis. As Berkshire trims its stake, Bank of America’s stock has risen 18% this year, though still trailing the broader S&P 500 Banks Index. The move reflects strategic capital reallocation by Berkshire Hathaway.

Continued on our News Feed.