Last week, Finbold reported on the intriguing ‘Congress Buys Strategy,’ a trading bot introduced by alternative data platform Quiver Quantitative. This innovative bot was designed to track and purchase stocks favored by influential US politicians.
Since its May 2022 launch, the bot’s portfolio has surged by an impressive 20%, benefiting from robust gains in the stock prices of politicians’ favorite companies, including Tesla (NASDAQ: TSLA) and NGL Energy (NYSE: NGL), among others.
Now, on November 7, Quiver Quantitative has unveiled a similarly noteworthy announcement. The platform has built yet another trading bot, one that replicates the stock purchases of former Speaker of the House and US Representative Nancy Pelosi and her family.
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How is the ‘Nancy Pelosi Strategy’ trading bot performing?
As noted in its description, the new trading bot, called ‘Nancy Pelosi Strategy,’ aims to “mirror the trading activity of Rep. Nancy Pelosi (and their family) and is rebalanced when new trades are reported.”
Although Quiver Quantitative just made this announcement, this strategy’s holdings and performance have been available on its website for more than a year.
Since its launch, the bot’s portfolio surged around 52%, fueled by several particularly successful investments. Most notably, these include Nvidia (NASDAQ: NVDA), Microsoft (NASDAQ: MSFT), Salesforce (NYSE: CRM), and Apple (NASDAQ: AAPL).
As noted in its post on X, the trading bot acquired significant amounts of NVDA call options in July. This investment’s value surged more than 221% over the past year, similar to the gains the AI giant made (+214.7%) over that period.
Call options are financial derivatives that give the holder the right, but not the obligation, to buy a specific asset, typically a stock, at a predetermined price (strike price) within a specified period (expiration date).
That said, the strategy also bet big on Microsoft.
“Added to the portfolio in 2020, after Pelosi purchased massive amounts of Microsoft call options in February.”
– Quiver Quantitative wrote in its post.
The investment soared 58% over the past year.
Similarly, the bot acquired a massive amount of CRM and AAPL call options, which jumped 46% and 30% in the past year, respectively.
Most of the gains in the aforementioned stocks came this year amid a broader tech market rebound driven by an unprecedented frenzy around generative AI solutions such as OpenAI’s ChatGPT and Google Bard.
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