Nancy Pelosi disclosed stock market trades made by her husband. He loaded up on AI plays like Nvidia and sold Tesla.
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- Nancy Pelosi disclosed her husband's recent stock trades, which include a set of AI-related names.
- Paul Pelosi purchased shares of Nvidia and call options on Broadcom, and sold shares of Tesla.
- Trading activity by members of Congress has come under increasing scrutiny in recent years.
Representative Nancy Pelosi disclosed stock trades made by her husband last month.
Paul Pelosi, who is an investment professional, increased his exposure to the AI boom by buying shares of Nvidia and call options on Broadcom, according to a disclosures filed by Nancy Pelosi on Tuesday.
Here are the trades made by Paul Pelosi between June 24 and July 1, according to the disclosure:
- Purchased 20 Broadcom call options with an $800 strike price and an expiration date of June 20, 2025, with a trade value of between $1 million and $5 million.
- Purchased 10,000 shares of Nvidia stock, with a trade value of between $1 million and $5 million.
- Sold 2,500 shares of Tesla stock, with a trade value of between $250,000 and $500,000.
- Sold 2,000 shares of Visa stock, with a trade value of between $500,000 and $1 million.
Trading activity by members of Congress and their spouses has come under fire in recent years, with calls to ban Congress from trading individual stocks due to the sensitive or non-public information they might be privy to.
But Pelosi has long swatted down calls for such legislation.
In December 2021, Pelosi responded to the idea of a possible stock trading ban with, "We are a free-market economy. They should be able to participate in that."
And in July 2022, Pelosi denied the idea that her husband had made stock trades based on information she shared with him.
"Absolutely not," Pelosi said.
The tracking of Pelosi's trades, and the trades of other members of Congress, has led to the creation of several ETFs that buy and sell the shares traded by members of Congress.
So far, their performance has been impressive.