U.S. politicians have an informational edge over the general public — one which results in, on average, superior returns when compared to their constituents. As controversial as the practice is, curtailing it has proven difficult. With that in mind, traders have resorted to copying the trades of senators and congresspeople, in a bid to emulate their successes in the financial markets.
However, blindly following the trades made by lawmakers is far from a guarantee of success. For instance, going long on the 10 most-bought stocks on Capitol Hill would have left investors in the green — but that approach has underperformed the S&P 500 in 2024.
Marjorie Taylor Greene, the Republican representative of Georgia’s 14th congressional district, is one of the few politicians who have generally seen underwhelming or negative returns on their investments.
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At one point, it became a common joke in online spaces that investors would do well to construct an ‘inverse Marjorie’ portfolio, referencing the longstanding jokes regarding ‘Mad Money’ host Jim Cramer’s penchant for disastrous stock picks, and the ‘inverse Cramer’ exchange-traded fund (ETF) that was borne out of them.
That perception has shifted throughout the last quarter of 2024, as the congresswoman has made a string of successful trades — shifting her focus to big tech. Now, Finbold’s congressional trading radar has retrieved a newly published periodic transaction report, which reveals that MTG has once again updated her stock portfolio.
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Marjorie Taylor Greene adds exposure to big pharma and transportation
All in all, the representative purchased equity in 14 companies — each of the trades was valued at between $1,001 and $15,000. In addition, she invested between $50,001 and $100,000 in U.S. Treasury Bills.
In total, this latest filing could cover anywhere from $64,015 to $310,000 in value.
Taylor Greene repeated most of her earlier purchases — investing once again in Nvidia (NASDAQ: NVDA), Meta Platforms (NASDAQ: META), Adobe (NASDAQ: ADBE), and Amazon (NASDAQ: AMZN).
However, the controversial congresswoman also added two new holdings to her portfolio — Mounjaro producer Eli Lilly (NYSE: LLY), and Norfolk Southern (NYSE: NSC), a railroad transportation company.
Although none of her congressional committee assignments are particularly tied to either of those two industries, it’s reasonable to assume that, simply by virtue of being a United States Representative, MTG has at least somewhat of an informational edge. While not as conclusive as some political trades, Marjorie Taylor has been in the green for a while now — so it might be worth mimicking her trades.
Featured image via Shutterstock
