As we delve into the latest insights from Finbold’s US Senator Stock Trading Radar, one name stands out: Nancy Pelosi.
The former Speaker of the House made significant waves in 2024, making over $23 million alone through ‘strategic investments.’
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In just over a month, her stock market moves have generated $12 million, per Finbold estimates, with her portfolio seeing an additional rise of $1.2 million on October 15, taking her overall net worth close to $257,000,000.
These are Nancy Pelosi’s biggest trades of 2024
Such stock market success can be attributed both to Nancy Pelosi’s impeccable timing and her focus on the technology sector – a sector that has been a major driver behind the broader market strenght in 2024.
Indeed, the year has featured substantial purchases of big tech shares, including the well-timed Palo Alto Networks (NASDAQ: PANW) purchase in late February – and a somewhat poorly timed buy of the same stock earlier in the same month – and a massive Broadcom (NASDAQ: AVGO) options buy in late June.
Interestingly. 2024 also saw Nancy Pelosi cut her losses by clearing her ill-fated Tesla (NASDAQ: TSLA) holdings during the summer. The former Speaker built her TSLA position during the 2021 and 2022 highs.
Still, few of the Representative’s 2024 trades have been as prominent – and lucrative – as her bet on the semiconductor giant Nvidia (NASDAQ: NVDA).
Nancy Pelosi’s most successful trade in 2024
With Nvidia stock rising 173.16% since January 2 – the first session of the year – to its current price of $131.58, the Representative’s holdings are valued – even after the latest NVDA downturn – at approximately $2.6 million.
Even more significantly, Nancy Pelosi purchased 50 call options on November 22, 2023, with an expiry date of December 20, 2024, and a strike price of $120. According to the available data, she is yet to execute these options.
Thanks to Nvidia’s 2024 rise and the stock split, if the Representative elected to exercise her right to buy, she’d spend another $600,000 and receive an additional 50,000 shares. Based on NVDA stock’s press time price, these shares would be worth $6.58 million.
All in all, Representative Pelosi’s currently known Nvidia position is worth approximately $9.2 million. On the upper end of the reported purchase prices, she spent a total of $7.36 million and would need to spend a total of $8 million to fully materialize the position.
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Such a setup ensures that even if she paid the $5 million for the 2023 options – a highly unlikely scenario – she’d still be up more than $1 million on NVDA stock.
On the flip side, if the total expenditure was closer to the lower end – a total of $4 million – Nancy Pelosi is up some $5.2 million on her Nvidia bet at press time on October 16, 2024.
