Nancy Pelosi shows no signs of slowing down, continuing to bolster her already successful investment portfolio. Recently, she disclosed a new investment worth over $1 million.
Specifically, Pelosi’s latest investment through Forge Investments is in Databricks, a company focusing on big data and generative AI. Notably, Databricks is a pre-IPO company and Pelosi used Forge’s secondary markets platform to invest.
Headquartered in San Francisco, Pelosi’s connection becomes even more evident as she represents this district in Congress.
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The trade took place on March 4, and Pelosi adhered to the regulations outlined in the STOCK Act by promptly reporting this transaction within the required timeframe.
What does Databricks do?
Specializing in data processing scheduling and management, particularly in ETL, as well as generating dashboards and visualizations through AI, Databricks stands out in an era where many enterprise companies struggle to find growth and face declining valuations. Despite these challenges, Databricks remains an exception to the norm. In September, the company secured a staggering $500 million in funding, valuing it at $43 billion.
For the fiscal year ending January 31, 2024, this late-stage startup raked in $1.6 billion in revenue, marking a growth rate of over 50% compared to the previous year. Such remarkable revenue growth is noteworthy in any context, but particularly notable given the current economic climate.
Which stocks enter Nancy Pelosi’s portfolio?
Within Nancy Pelosi’s extensive stock holdings, Nvidia (NASDAQ: NVDA) holds the position of her largest investment, making up about 21% of her portfolio.
Other significant holdings include Apple (NASDAQ: AAPL) and Microsoft (NASDAQ: MSFT), each representing 19% and 18%, respectively.
This diversified approach allows Pelosi to distribute risk across different sectors and companies while maintaining exposure to potential growth opportunities.
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Disclaimer: The content on this site should not be considered investment advice. Investing is speculative. When investing, your capital is at risk.
