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King of insider trades just disclosed $2.2 million in stock trades

King of insider trades just disclosed $2.2 million in stock trades
Elmaz Sabovic

In what could be his most prominent stock trading activity in history, Senator Tommy Tuberville disclosed around $2.2 million in stock trades, including purchases, sales, and call options, amounting to almost 20% of his estimated net worth of $11.76 million.

In a flurry of over 60 filings on May 15, Senator Tuberville has made some intriguing moves that have significantly altered his portfolio. Sales have outpaced trades, reaching $2.67 million so far, compared to $956,000.

The trade volume of Senator Tommy Tuberville by year. Source: Quiver Quantitative
The trade volume of Senator Tommy Tuberville by year. Source: Quiver Quantitative

Some exciting sales that have proved quite profitable

In a move that is probably motivated by profit taking, Tuberville decided to ultimately sell his holdings in Chevron (NYSE: CVX), which brought him $250,000, Exxon Mobil (NYSE: XOM) for $100,000, Nvidia (NASDAQ: NVDA) for $50,000, Occidental Petroleum (NYSE: OXY) for a similar sum, and Broadcom (NASDAQ: AVGO) among others.

One notable reduction in his portfolio is the partial sale of Humacyte (NASDAQ: HUMA), where Tuberville sold approximately half of his holding for a profit of $100,000. Investors closely monitored this trade because Tuberville is a member of the Armed Services Committee, which directly oversees grants and projects involving companies like Humacyte, whose value increased by 120% since its initial purchase by Senator. 

Senator Tuberville's sale of HUMA stock. Source: Quiver Quantitative
Senator Tuberville’s sale of HUMA stock. Source: Quiver Quantitative

Tuberville also added to his portfolio

The Senator decided to reinvest some of his profits in companies like Lululemon (NASDAQ: LULU), Netflix (NASDAQ: NFLX), Motorola Solutions (NYSE: MSI), Lattice Semiconductor (NASDAQ: LSCC), and Agilent Technologies (NYSE: A). All were purchases with a modest amount of $15,000 each.

What is noteworthy is that Tuberville has engaged in heavy call options activity, placing put options on many companies, the most notable example being Paypal (NASDAQ: PYPL). This means that the Senator is effectively betting against American companies.

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