In May 2022, Quiver Quantitative, an alternative data platform catering to retail investors, introduced a trading bot that mimics the stock purchases made by influential US politicians.
Now, as of December 22, we delve into the latest data to analyze the trading bot‘s portfolio performance and uncover its most significant holdings.
Congress buys strategy
According to Quiver Quantitative, the trading bot mimicking US politicians’ stock trades gained 20% in this quarter, capitalizing on the stock returns that its most significant holdings delivered during this period.
Picks for you
The bot, named “Congress Buys Strategy,” holds several stocks, some of which are not widely known.
Its largest holding at the moment is Tactile Systems (NASDAQ: TCMD), a small healthcare stock purchased by Senator Tina Smith. Notably, Smith bought up to $250,000 of TCMD shares last month, and since then, the stock’s value has risen more than 41%, per Quiver.
The second-biggest holding owned by this trading bot is Artivion (NYSE: AORT), a cardiac and vascular surgery company focused on aortic disease. Capturing 15% of Congress Buys Strategy’s portfolio, this is also a stock held by Senator Smith.
The 65-year-old invested up to $200,000 in AORT last month and its share price surged over 34% since then. Artivion is a small-cap company with a market valuation of just $745 million.
Meanwhile, 10% of the bot’s portfolio is represented by iShares MSCI Emerging Markets ex China ETF (NASDAQ: EMXC), an exchange-traded fund (ETF) that tracks the performance of emerging market stocks, excluding those from China.
West Virginia representative Carol Miller purchased this stock, investing up to $150,000 in October. The stock’s value increased by around 9% since the purchase.
Perhaps the most popular stock currently held by Congress Buys Strategy is Meta Platforms (NASDAQ: META). Although this is one of the world’s most traded stocks, Senator Markwayne Mullin bought up to $100,000 of the social media giant’s shares in September.
META climbed about 15% since then.
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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.
