2024 was marked by numerous instances of members of the U.S. Congress, Senate, and House of Representatives reporting stock trades that often were outperforming the market and in breach of the STOCK Act.
On average, a U.S. politician outperformed the S&P 500 in 2023 by a significant margin, with some reporting performance that was ten times better than the index.
Motivated by this fact, Finbold decided to use artificial intelligence (AI) to determine which stock traders performed the best in 2024.
Picks for you
Therefore, OpenAI’s latest release, ChatGPT-4o, was tasked with analyzing U.S. politicians’ trends, stock trades, and performance and determining which ones are the top choices for stock traders to follow.
Representative Dan Meuser
Dan Meuser, a Republican Congressman from Pennsylvania, has been one of the most successful political stock traders in 2024. His trading strategy has significantly outperformed the broader market, especially over the past six months, with a return of over 42.01%.
Over the last 12 months, his trading performance returned about 97.70%, with a compound annual growth rate (CAGR) of 42.78%.
Meuser’s most notable trades include heavy involvement in technology stocks, particularly Nvidia (NASDAQ: NVDA). He acquired large quantities of Nvidia shares before 2019 and began selling them in waves, including significant sales in early 2024.
His focus on the information technology and communication sectors, with investments in other companies like Alphabet (NASDAQ: GOOGL) and Microsoft (NASDAQ: MSFT), has driven his trading success this year.
Senator Sheldon Whitehouse
Senator Sheldon Whitehouse, a Democrat from Rhode Island, also ranks among the top political stock traders of 2024.
A strategy based on his trades has yielded a 21.42% return over the past six months with a CAGR of 18.24%. While his returns are not as high as Meuser’s, Whitehouse’s investment strategy still outperforms many market indices.
Whitehouse’s trading activity in 2024 has been characterized by a cautious but effective approach, focusing on a diversified portfolio (different sectors) that mitigates risks while providing substantial returns.
Former House Speaker Nancy Pelosi
Nancy Pelosi, the former Speaker of the House, continues to draw attention to her stock trading activities, largely driven by her husband, Paul Pelosi.
In 2024, Pelosi maintained an active trading portfolio with an average return of 11.68% and a CAGR of 22.08% in the past six months, with significant transactions in major tech companies like Nvidia, Alphabet, and Microsoft. These trades align with trends in previous years, where Pelosi has been known to invest in high-growth sectors.
The scrutiny around Pelosi’s trades has intensified due to the debate over whether lawmakers and their families should be allowed to trade stocks, given their potential access to non-public information.
While Pelosi has denied any misuse of insider information, the scale and timing of their trades have sparked controversy and legislative proposals aimed at restricting such activities.
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Disclaimer: The content on this site should not be considered investment advice. Investing is speculative. When investing, your capital is at risk.
