Nancy Pelosi Clocks In Stock Gains Of Around $15 Million Over The Past Ten Days
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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.
Related Story Nancy Pelosi Buys Broadcom, Adds NVIDIA Shares, Partially Unloads Visa, And Dumps Tesla
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.
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
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