Nancy Pelosi reveals tech bet, portfolio surges 70% in 2024
In her regular trading report filed on January 1, former House Speaker Nancy Pelosi disclosed numerous transactions in leading technology companies, including Apple (AAPL, Financials), Nvidia (NVDA, Financials), Amazon ( AMZN, Financials) and Alphabet (GOOG, Financials).
On December 29, Pelosi sold 31,600 Apple shares worth between $5 million and $25 million, making it the largest transaction to date. She also added 50 call options to Alphabet and Amazon, ranging from $250,001 to $500,000, expiring in January 2026.
Pelosi sold 10,000 Nvidia shares for between $1 million and $5 million and exercised 500 call options worth up to $1 million. She purchased an additional 50 call options with an $80 strike price expiring in January 2026.
Other transactions included the exercise of 140 call options on Palo Alto Networks (PANW, Financials) worth $1 million to $5 million, as well as 50 call options on Tempus AI (TEM, Financials) and Vistra Energy (VST, Financials).
Data from Unusual Whales, which tracks congressional transactions, found that Pelosi’s portfolio surged 70.9% in 2024, outpacing the S&P 500’s 25% gain. However, Rep. David Rouzer has the best of all congressional traders, with his portfolio growing 140%.
This article first appeared on GuruFocus.