U.S. politicians have long drawn attention for their stock market trades, with some investors attempting to replicate their portfolios in hopes of securing similar returns.
Representative Marjorie Taylor Greene, the Republican representative of Georgia’s 14th congressional district, has been no exception.
While her earlier trading record sparked jokes about an ‘inverse Marjorie’ strategy—akin to the infamous ‘ inverse Cramer’ exchange-traded fund (ETF) —her portfolio in 2024 demonstrated a notable pivot toward big tech and diversification, yielding improved results and shifting perceptions of her trading prowess.
Picks for you
Marjorie Taylor Greene’s portfolio performance in 2024
Taylor Greene’s shift toward big tech investments paid off significantly in 2024. Tesla (NASDAQ: TSLA) stood out as the top performer, with an 85.6% gain from September trades. Alphabet (NASDAQ: GOOGL) also delivered notable results, achieving a 14.3% gain during the same period. Semiconductor giant ASML Holdings (NASDAQ: ASML) contributed to the sector’s strength, recording a 3.16% gain in November.
However, not all tech bets proved successful. According to data from Quiver Quant, Meta Platforms (NASDAQ: META) posted slight losses of 1.13% in November and 1.52% in December.
Advanced Micro Devices (NASDAQ: AMD) faced a steeper 12.52% decline in November, while Nvidia (NASDAQ: NVDA) saw mixed results, gaining 0.63% in November but slipping 1.69% in December.
Taylor Greene’s industrial and energy holdings provided steady returns in 2024. Caterpillar (NYSE: CAT) posted a modest 1.23% gain in December, while Duke Energy (NYSE: DUK) closed the month with a 1.41% gain, reflecting their reputations as stable performers.
Occidental Petroleum (NYSE: OXY) maintained consistency in November, further solidifying Greene’s diversification into the energy sector.
The consumer staples segment contributed reliable performance to the portfolio. The Hershey Company (NYSE: HSY) recorded a 1.87% gain in November, reflecting resilience in consumer demand. Lululemon Athletica (NASDAQ: LULU) maintained steady growth, while Costco Wholesale (NASDAQ: COST) provided balanced outcomes amidst operational challenges.
Defensive allocations were also evident through significant investments in Treasury Bills, ranging from $100,000 to $500,000 throughout the year, signaling a cautious approach amidst broader market uncertainties.
Meanwhile, her financial sector pick, Goldman Sachs (NYSE: GS), delivered stable returns.
Notable performances and new additions
The portfolio’s standout performers included Tesla with an 85.6% gain, Alphabet with a 14.3% gain, and Apple Inc. (NASDAQ: AAPL), which posted a 6.25% gain in September. On the other hand, losses came from Southern Copper (NYSE: SCCO), which faced a 14.34% loss in September, FedEx (NYSE: FDX) with an 8.06% loss in August, and Home Depot (NYSE: HD) with a 7.36% decline in November.
The congresswoman also introduced two new holdings to her portfolio—Eli Lilly (NYSE: LLY), known for its Mounjaro diabetes drug, and Norfolk Southern (NYSE: NSC), a prominent railroad transportation company.
While these names represent the highlights of Taylor Greene’s 2024 portfolio, her investments extend far beyond, spanning a wide range of sectors and stocks.
Although her trading strategy may not carry the same level of certainty as some high-profile political portfolios, Marjorie Taylor Greene’s recent successes suggest she has been in the green for a while—raising the question of whether her approach could be worth emulating.
Featured image via Shutterstock
