Top 10 Stocks U.S. Congress Members Are Buying in 2024

In a year marked by debate and controversy surrounding politician stock trading, some lawmakers have still spent significant funds trading stocks. In fact, we have analyzed financial reports to compile a list of the top 10 stocks U.S. Congress members are buying in 2024. Additionally, we will guide you through congressional buying signals and how they can help individual investors with their investing strategies.

What does politician stock buying tell you?

Due to their proximity to financial centers of power, U.S. politicians can often access insider information. Although most forms of insider trading are illegal, restrictive measures are ineffective to prevent it entirely. Tracking these trades can help individual investors with their investing methods, and this belief has potential merit.

So, what does politician stock buying tell you?

Although Congress members can buy stock for various reasons, the most common is the opinion that the stock’s market price will rise. Buy trades are a reliable signal, unlike stock-sell transactions, which happen for various reasons. 

The rule of thumb here is to compare public disclosure forms between politicians. Suppose you find an emerging pattern with several politicians buying one stock or a series of transactions in the same direction. In that case, the signal is more substantial than when a single Congressperson focuses on a company.

How to track politicians’ stock trades?

Anyone can track congressional stock trades due to the STOCK Act, which regulates and makes public all transactions worth over $1,000 within 45 days of the moment the trade occurred. The Act mandates that the public can access reports at any time and that all U.S. Congress members are required by law to disclose them.

However, manually monitoring the sprawling official database can be tedious. To efficiently track stock transactions made by U.S. senators and Congress members, we recommend using a sophisticated tracker like Finbold Signals. With this tool, you can subscribe to valuable information in near real-time and use it to enhance your investing decision-making process.

Furthermore, with Finbold Signals, you can track institutional investors and insider trading activities and receive other relevant updates via email, Discord, and Telegram. 

Top 10 stocks U.S. Congress members are buying

Here is a list of the top ten stocks U.S. representatives are buying in 2024. Due to the limitations of the STOCK Act, however, no one can know the precise trading volume; we can only use an estimate that the broad range of values provides instead. 

Rank	Company	Ticker symbol	Trade volume sold
1.	Nvidia	NASDAQ: NVDA	$2.04M–$10.31M
2.	JPMorgan Chase	NYSE: JPM	$2.09M–$4.36M
3.	Apple	NASDAQ: AAPL	$1.02M–$2.77M
4.	Meta	NASDAQ: META	$879,000–$2.18M
5.	Intel	NASDAQ: INTC	$670,000–$1.6M
6.	Humana	NYSE: HUM	$504,000–$1.31M
7.	Kraft Heinz	NASDAQ: KHC	$449,000–$1.21M
8.	Vishay Intertechnology	NYSE: VSH	$421,000–$1.24M
9.	Stifel Financial	NYSE: SF	$423,000–$1.12M
10.	Bayer AG	OTC: BAYRY	$370,000-$1M

1. Nvidia

The stock Congress members bought the most in 2024 is Nvidia (NASDAQ: NVDA), with a total value between $2.04 million and $10.31 million. This should come as no surprise since NVDA had a very successful year, and confidence in the stock is sky-high. An interesting fact is that politicians made more sell than buy orders, but the volume of buy orders for this stock remains vastly larger. 

2. JPMorgan Chase

The second place is reserved for JPMorgan Chase (NYSE: JPM), which shows that the financial sector has not yet fully yielded to the technological industry in congressional investing. Although Democrats are much more eager to buy JPM than to sell it (22 buy orders versus 9 sell orders), they control a fraction of the trading volume compared to their Republican party representatives. 

3. Apple

Apple (NASDAQ: AAPL) is a hotspot technology stock in congressional portfolios, as it is also one of the most sold stocks in both Congress and the Senate. Of the 86 congressional stock trades made this year, 44 were made by Democrats, while 42 were made by Republicans. Coincidentally, the number of buy orders is 42, while the number of sell orders is 44, roughly evenly split among party lines.

4. Meta

It will hardly surprise anyone to hear that Meta (NASDAQ: META) is also among the top 10 stocks U.S. Congress members are buying in 2024. Its buying volume among House representatives this year was between $879,000 and $2.18 million, with the total trade volume likely to hit $3 million by the end of the year. Interestingly, Democrats were more eager to buy the stock than the Republicans, who made a near-equal number of buy and sell orders.

5. Intel

Intel (NASDAQ: INTC) is another trending stock among elected officials, and it is also the top stock sold by senators in 2024. Of 37 stock trades made by U.S. politicians this year, 21 were buy orders, and 16 were sell orders. Republican representatives tended to buy more Intel shares than Democrats, and the combined volume bought is estimated to be between $670,000 and $1.6 million.

6. Humana

Another non-technology stock on the list is Humana (NYSE: HUM), a health insurance company with a total value of $504,000–$1.31 million purchased by Congress members, mostly Republicans. In fact, the entirety of the stock bought by lawmakers boils down to three representatives, Ro Khanna, a Democrat, and Michael McCaul and John James, Republicans.

7. Kraft Heinz

Only two House representatives, Ro Khanna and Michael McCaul, bought the Kraft Heinz Company (NASDAQ: KHC) in 2024. Together, they bought between $449,000 and $1.21 million worth of the stock. Interestingly, representatives of both political parties bought overwhelmingly more KHC than they sold in the past 12 months.

8. Vishay Intertechnology

Vishay Intertechnology (NYSE: VSH) is an American manufacturer of discrete semiconductors and passive electronic components. It has made it on the list of top 10 stocks U.S. Congress members bought in 2024 exclusively through one politician. In fact, Representative Michael McCaul purchased the entirety of the $421,000–$1.24 million buy volume.

9. Stifel Financial

This investment bank witnessed a steady climb in financial performance throughout 2024, and members of the Republican Party took advantage. Out of 20 congressional trades of Stifel (NYSE: SF), 18 were done by Republicans, 14 were buy trades, and only 4 were sell orders. The total volume bought amounts to between $423,000 and $1.12 million.

10. Bayer AG

The final entry on the list is Bayer AG (OTC: BAYRY), another stock fully propped up in politician stock trading by Representative Michael McCaul. In the last twelve months, he bought a total of $370,000-$1 million worth of shares in Bayer AG spread across 12 buy orders.

The bottom line

This was a list of the top 10 stocks U.S. Congress members are buying in 2024. These transactions can give insights into politician stock trading, especially considering how politician stock buying tends to signal confidence in market performance.

Investors can obtain such insights using a tool like Finbold Signals. It allows them to track trading activities with real-time data and helps them devise more precise strategies that emulate the most successful Congressional stock traders. 

Disclaimer: The content on this site should not be considered investment advice. Investing is speculative. When investing, your capital is at risk.

FAQs

Why should I track Congress stock trading?

Monitoring and tracking congressional stock trading can give insights into politically trending sectors and companies. As elected officials in the U.S. tend to have access to private information, their investments are usually much more potent than those of individual investors.

How to track politician stock trading?

The STOCK Act requires members of Congress to disclose their trades worth over $1,000 within 45 days. You can find this information on the official EDGAR repository or via trackers like Finbold Signals, which provides real-time updates on political and insider trades.

Are House representatives allowed to trade stocks?

Yes, representatives are allowed to trade stocks. However, they must disclose their transactions according to the STOCK Act. This legislation aims to prevent conflicts of interest and the use of private information for personal benefit by increasing transparency around investments.

What stocks are U.S. Congress members buying in 2024?

In 2024, representatives’ buy orders are centered on technology, finances, insurance, and food sectors.