Alternative trading platform Quiver Quantitative unveiled last month a trading bot that mirrors the stock trades of former Speaker of the House and US Representative Nancy Pelosi and her family.
Remarkably, the bot showcased impressive performance throughout 2023, strategically replicating successful trades executed by Pelosi’s family, notably within the flourishing tech sector.
As the broader market experiences a bull run, Finbold explored the latest data stemming from this intriguing project, unraveling the bot’s notable performance as of December 18.
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Double-digit gains
According to Quiver Quantitative, the trading bot that replicates stock transactions made by Nancy Pelosi and her family continues to do well.
Notably, the bot, called “Nancy Pelosi Strategy,” climbed 48% in the last year, slightly lower than its gains of 52% registered a month ago.
As noted in earlier reports, the trading bot’s returns have been fueled by several successful trades Pelosi made in recent years, particularly within the burgeoning technology sector.
Most notably, these investments include Nvidia (NASDAQ: NVDA), Microsoft (NASDAQ: MSFT), Salesforce (NYSE: CRM), and Apple (NASDAQ: AAPL), among others.
All of these companies have been on a tear in 2023, particularly NVDA, which skyrocketed more than 240% year-to-date. Driven by the ongoing artificial intelligence (AI) craze, these companies attracted substantial investor interest, pushing the broader S&P 500 index to two-year highs.
Nancy Pelosi is one of the most closely monitored figures by stock investors, due to the remarkable success the 83-year-old US representative achieved over the years. Quiver highlighted that the profits she made by trading surpassed her congressional salary nearly a hundredfold.
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