Nancy Pelosi, one of the most prominent career Democrats on the hill, is a veritable stock-picking powerhouse who has single-handedly inspired a legion of retail traders to start following her moves in the stock market in a bid to capture some of that oozing alpha - a measure of a stock picker's ability to generate returns that exceed those produced by the market.
Back in early July, Nancy Pelosi created a buzz after disclosing a slew of new trades just ahead of the 04th of July holiday in the US. Specifically, the career Democrat purchased Broadcom call options as well as 10,000 NVIDIA shares, reduced her Visa stake by 2,000 shares, and dumped 2,500 Tesla shares.
Additionally, on the 31st of July, Pelosi purchased another 10,000 NVIDIA shares and sold 5,000 shares of Microsoft.
In addition to physical shares, the prominent Democrat also remains long on 500 NVIDIA calls (LEAPS) with a $12 strike price.
Nancy Pelosi has made nearly $15 million across her stock and options positions in the last ten days.
Her salary is $200,000.
You can follow her portfolio on Unusual Whales. pic.twitter.com/wb4fTCF0mi
— unusual_whales (@unusual_whales) August 23, 2024
This brings us to the crux of the matter. As per a tabulation by Unusual Whales, Nancy Pelosi has clocked in gains of around $15 million over the past 10 days. To put this into context, these gains are around 75x the career Democrat's annual salary of ~$200,000!
Of course, NVIDIA's rip-roaring recovery since the Japanese Yen carry trade-induced snooze of early August seems to have played a major role in producing these stellar gains.
We noted back in early July that Tuttle Capital was trying to capture the significant retail interest in following Congressional trades, particularly those of Nancy Pelosi, by applying to the SEC to launch the Tuttle Capital Congressional Trading ETF, which aims to invest "in equity securities of companies that sitting members of United States Congress and/or their spouses also have reported to have invested in through public disclosure filings made by such Congresspersons pursuant to the Stop Trading on Congressional Knowledge Act (“STOCK Act”)." This ETF was expected to commence trading in August but has so far failed to do so.
About the author: Writing is my one incontrovertible passion. Over the past six years, he has authored over 2,200 distinct articles on financial and tech-related topics, spanning nearly 1 million words. And he has been a member of Wcctech mobile team since 2025. As an alumnus of the University of Toronto, Rotman Commerce Program, I bring nuance, in-depth knowledge, and a unique perspective to every topic that I cover. When I'm not writing, I'm traveling the world, exploring hidden confectionaries and restaurants as an aspiring food connoisseur.
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