Track Politicians Crushing Fundraising

This Week’s Quiver Newsletter:
Each week, we are highlighting the top Quiver Strategies trending right now:

What you can expect to read about today:

• An overview of recent notable Congress trades, including ~40 trades by Sen. Tommy Tuberville

• Dive into our newest fundraising leaderboard to see fundraising progress broken down by politician and party

• See and analyze the latest hiring trends by company, role, and seniority using our hiring dashboard

• Learn how hedge funds are leveraging Texas courts to challenge the SEC

🚨NEW FUNDRAISING LEADERBOARD🚨

Insights from our Politician Fundraising Leaderboard

We have a new fundraising leaderboard, which tracks which congressional candidates are raising the most money, and which corporate PACs are funding them.

This dashboard shows the most recent quarter we have data on for each politician:

Largest Amount Fundraised:

Sen. David J. Trone has raised $18.72 million and spent $18.17 million, positioning him strongly in the Maryland Senate race. His significant financial resources enhance his campaign’s visibility and outreach, critical in a competitive race.

Sen. Sherrod Brown, with over $18 million in cash on hand, faces a challenging re-election in Ohio. His substantial fundraising supports a robust campaign to counter strong Republican contenders in a pivotal Senate race.

Sen. Jon Tester has raised $9.59 million with $12.85 million in cash on hand, bolstering his campaign in Montana. This financial backing is vital as he confronts a competitive race in a traditionally challenging state for Democrats.

Most Cash on Hand:

Rep. Josh Gottheimer, with over $18 million in cash on hand, leads in fundraising for New Jersey's 5th Congressional District. He raised $1.37 million last quarter, while spending only $257k. This financial advantage positions him strongly against his Republican challenger, Mary Jo Guinchard.

Next we have John Thune (Republican) at $18M, Sherrod Brown (Democrat) at $18M, and Raja Krishnamoorthi (Democrat) at $16M.

South Dakota Sen. John Thune is a leading contender to succeed Sen. Mitch McConnell as the next Republican leader in the U.S. Senate. As the current No. 2 Senate Republican, Thune's strong financial backing, with $18 million in cash on hand, highlights his significant support.

Thune’s primary competition includes Texas Sen. John Cornyn, with other potential candidates like Wyoming Sen. John Barrasso making this a pivotal race for Republican leadership​.

Sen. Sherrod Brown, a Democrat, ranks among the top political candidates with over $18 million in cash on hand, placing him as a significant figure in the upcoming election. With control of the Senate potentially at stake, Brown faces intense pressure to secure victory in what could be his toughest campaign to date.

Check out our Fundraising Leaderboard on Quiver:

CORPORATE HIRING DASHBOARD

Insights from our Hiring Dashboard

With hiring data from People Data Labs, we can take a closer at employee growth within a company, and find trends in the specific roles and levels that a company has hired.

In the last 3 months the top hiring companies have been:

1. Nvidia (NVDA)

2. Novo-Nordisk (NVO)

3. ServiceNow (NOW)

Nvidia

• NVDA, unsurprisingly, has seen the most hiring in engineering roles, followed by operations, sales, education design, and marketing.

• Its blockbuster growth has created a crop of millionaires within the company. Compared to Facebook in 2014, the hiring bar is set exceptionally high.

• Expectations are high even for early-career hires, a trend observed in tech companies experiencing growth driven by AI advancements.

Novo-Nordisk:

• Novo has seen the most growth in operations roles, followed by engineering, sales, health, and HR.

• Manager, senior, and director roles are the most prominent hires for Novo, which recently opened a new R&D center in Lexington, MA.

• This new campus coincides with a rapid rise in R&D investments, paralleling the company’s skyrocketing revenue, driven by its obesity and diabetes portfolio.

ServiceNow:

• ServiceNow has experienced the most growth in operations roles, followed closely by sales, engineering, customer service, and marketing.

• Manager, senior, and director roles are the most prominent hires for ServiceNow, reflecting the company's strategic focus on expanding leadership and expertise within the organization​.

• The company's hiring surge aligns with its efforts to drive digital transformation through AI and automation, enhancing service delivery and operational efficiency​.

Check out our Hiring Dashboard on Quiver:

HEDGE FUNDS LEVERAGE TEXAS COURT TO CHALLENGE SEC

The most powerful weapon that hedge funds have against regulators like Securities and Exchange Commission Chair Gary Gensler is no longer white-shoe lawyers or silver-tongued lobbyists. It’s an address in Texas. The National Association of Private Fund Managers (NAPFM), a little-known group focused on challenging SEC rules, has been strategically situated in a Fort Worth law office since its founding in 2022. This location is crucial because it grants hedge funds and private equity titans access to the influential 5th US Circuit Court of Appeals in New Orleans, a court known for its conservative judges and its receptiveness to challenges against federal policies.

This month, the 5th Circuit Court delivered a key decision in favor of private funds, with NAPFM playing a pivotal role. The court ruled unanimously to strike down new SEC restrictions that required hedge funds and private equity firms to detail quarterly fees and expenses to investors. This decision, seen as a significant blow to Gensler’s regulatory agenda, may have nationwide implications unless overturned by the Supreme Court. The court's opinion emphasized that the SEC had "exceeded its statutory authority" in adopting the regulation, a sentiment echoed by legal experts who foresee prolonged legal battles for the agency.

Continued on our News Feed.