Former speaker of the United States House of Representatives Pelosi and her husband have had a remarkable track record in the stock market, so their investment trends have received widespread attention from the market.
In the United States, in addition to Wall Street, Capitol Hill is also a frequent haunt of 'stock gods', including the famous former Speaker of the United States House of Representatives Nancy Pelosi and her husband, Paul Pelosi, who have attracted wide attention from the market due to their impressive investment performance. According to the latest disclosure, they adjusted their investment portfolio last month, increasing their investment in the AI boom by purchasing shares of Nvidia (NVDA) and call options of Broadcom (AVGO).
According to the disclosure, the following are the trades made by Pelosi between June 24 and July 1:
Purchase of 20 call options of Broadcom with a strike price of $800 and expiration date of June 20, 2025, valued between $1 million and $5 million.
Purchase of 10,000 shares of Nvidia, valued between $1 million and $5 million.
Sale of 2,500 shares of Tesla (TSLA), valued between $250,000 and $500,000.
Sale of 2,000 shares of Visa (V), valued between $500,000 and $1 million.
This is not Pelosi's first investment in Nvidia. She has been known to profit handsomely from Nvidia in the past. Over the years, Pelosi has invested in the technology giant multiple times. As of May, Pelosi and her husband had profited nearly $4 million from Nvidia call options.
Driven by the surge in AI related expenditures, Nvidia and Broadcom have both achieved substantial growth this year, with their stock prices rising by 154% and 52% respectively so far this year.
However, Pelosi has not had a smooth ride. In recent years, the trading activity of members of Congress and their spouses has been criticized, and some have called for a ban on members of Congress trading individual stocks because they may have access to sensitive or non-public information.
But Pelosi has long resisted calls for such legislation.
In December 2021, Pelosi responded to the idea of implementing a ban on stock trading, 'The United States is a free market economy. They should be able to participate.'
In July 2022, Pelosi denied the allegations that her husband traded stocks based on information she shared. She said, 'Absolutely not.'
Tracking the trades of Pelosi and other members of Congress has led to the creation of several ETFs that track congressional trades. So far, the performance of these funds has been impressive.