Skip to content

Nancy Pelosi beat every hedge fund in 2023

Nancy Pelosi beat every hedge fund in 2023
Elmaz Sabovic

As the new year commences, Nancy Pelosi, a former House Speaker and leader of the House Democrats for two decades, outshone every hedge fund in 2023. 

Recognized as one of the most actively involved stock traders among United States politicians, Pelosi’s performance in 2023 is of significant interest.

Pelosi and her husband, Paul, hold a diversified selection of stocks, and investors often draw insights from her trading success. Her trading performance brought her gains of 65% in the previous year, which means that she outperformed the big industry players, as per a post on X from stock trading tracker Inverse Cramer on January 5.

Performance of hedge funds in the previous year. Source: Inverse Cramer
Performance of hedge funds in the previous year. Source: Inverse Cramer

Pelosi not among the top 5 politicians with biggest gains

Beating hedge funds does guarantee success but doesn’t make you a great trader among politicians, especially if you are Nancy Pelosi.

Despite her 65% returns in the previous year, she doesn’t rank among the top 5 politicians who made the most significant gains.

Brian Higgins, a Congressman from Buffalo, New York, sits confidently in first place with remarkable gains of 238.9% on his investments in the previous year.

Politicians Mark Green, Garret Graves, and David Rouzer saw their investments returning more than 100% in 2023.

Pelosi made the top 10 just barely, as four more of her colleagues had more success than her, according to a post from stock and crypto reporter Unusual Whales on January 2.

Politicians' performance in the stock market and returns. Source: Unusual Whales
Politicians’ performance in the stock market and returns. Source: Unusual Whales

Democrats beat their counterparts and the stock market by a notable percentage of 31.18%, while SPY had 24.81%, and Republicans had 17.99% returns on their investments.

Returns of Democrats, SPY, and Republicans in 2023. Source: Unusual Whales
Returns of Democrats, SPY, and Republicans in 2023. Source: Unusual Whales

Whether this trend will continue in 2024, or insider trading will die down or get regulated by law, remains to be seen, but if something is to be learned from the past, traders are not optimistic.

Best Crypto Exchange for Intermediate Traders and Investors

  • Invest in cryptocurrencies and 3,000+ other assets including stocks and precious metals.

  • 0% commission on stocks - buy in bulk or just a fraction from as little as $10. Other fees apply. For more information, visit etoro.com/trading/fees.

  • Copy top-performing traders in real time, automatically.

  • eToro USA is registered with FINRA for securities trading.

30+ million Users
Securities trading offered by eToro USA Securities, Inc. (“the BD”), member of FINRA and SIPC. Cryptocurrency offered by eToro USA LLC (“the MSB”) (NMLS: 1769299) and is not FDIC or SIPC insured. Investing involves risk, and content is provided for educational purposes only, does not imply a recommendation, and is not a guarantee of future performance. Finbold.com is not an affiliate and may be compensated if you access certain products or services offered by the MSB and/or the BD

Read Next:

Finance Digest

By subscribing you agree with Finbold T&C’s & Privacy Policy

Related posts

Sign Up

or

By submitting my information, I agree to the Privacy Policy and Terms of Service.

Already have an account? Sign In

Disclaimer: The information on this website is for general informational and educational purposes only and does not constitute financial, legal, tax, or investment advice. This site does not make any financial promotions, and all content is strictly informational. By using this site, you agree to our full disclaimer and terms of use. For more information, please read our complete Global Disclaimer.