Former House Speaker and current Representative of California’s 11th congressional district, Nancy Pelosi, is perhaps the most renowned stock trader on Capitol Hill.
Pelosi has a history of successful trades — a fact that continues to raise many eyebrows, partly due to her access to information the public is not privy to, partly due to her husband Paul’s background in venture capital investing.
While some say that the congresswoman has lost her touch, after a series of mistimed trades that saw untimely purchases or sales of Visa (NYSE: V), Tesla (NASDAQ: TSLA), one of her investments is certainly paying off — Nvidia (NASDAQ: NVDA).
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Pelosi’s Nvidia stock purchases are worth millions
At press time, NVDA shares are trading at $135.94, having rallied by 16.36% over the last thirty days to bring total year-to-date (YTD) returns up to 182.34%.
While going long on Nvidia isn’t a sure sign of utilizing insider information, as the stock has been one of the main success stories of 2024, Pelosi’s trades are certainly well-timed.
Over the course of 2024, Pelosi invested in the semiconductor company twice. The first trade happened on June 26, when NVDA was trading at $126.40, and was disclosed on July 2. The second trade was executed on July 26, a point when NVDA shares were trading for $113.06, and was promptly disclosed on July 30.
Each transaction was worth $1,000,001 to $5,000,000. Since the first trade, Nvidia’s stock price has risen by 7.54% — since the second one, it has increased by 20.23%.
Accordingly, if she were to hypothetically sell the shares today, the first trade would net the congresswoman anywhere from $75,400 to $377,000 in profit while the second trade would secure gains of $202,300 to $1,011,500.
Total profits would be $277,700 to $1,388,500 — one-and-a-half to roughly eight times Pelosi’s $174,000 yearly salary as a congresswoman.
Readers should keep in mind that this is just a hypothetical — Pelosi is most likely still holding the stock, particularly as major Wall Street firms have recently set price targets at $150.
Pelosi’s biggest NVDA stock bet
As doubtlessly impressive as they are, these multi-million stock purchases pale in comparison to the congresswoman’s biggest transactions — a November 21, 2023, purchase of 50 NVDA call options at a strike price of $120. The options have an expiration date of December 20, 2024.
While some of her colleagues, like Brian Higgins and Mark Green, have indeed seen more robust returns recently, traders would still be wise to keep track of Pelosi’s investments.
