Earlier this month, Quiver Quantitative, an alternative data platform catering to retail investors, introduced a trading bot that mirrors the stock transactions of former Speaker of the House and US Representative Nancy Pelosi and her family.
Remarkably, the bot demonstrated stellar performance in 2023, leveraging successful trades executed by Pelosi and her family, particularly within the dynamic tech sector.
Today, Finbold delves into the latest statistics of this intriguing project, shedding light on the bot’s performance amidst the recent broader market rally.
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Nancy Pelosi Strategy’s November performance
On November 28, Quiver Quantitative unveiled the performance update of the trading bot, also referred to as the ‘Nancy Pelosi Strategy.’
According to the X account, the bot’s portfolio has risen 14% this month, and 49% year-to-date. That is slightly lower than earlier in the month when the strategy’s year-to-date gains stood at around 52%.
Nevertheless, it remains an impressive jump. As revealed before, the bot’s ascent has been fueled by several particularly successful investments. Notably, these include tech giants Nvidia (NASDAQ: NVDA), Microsoft (NASDAQ: MSFT), Salesforce (NYSE: CRM), and Apple (NASDAQ: AAPL).
The strategy bought a substantial amount of NVDA call options in July. As a result of the chipmaker’s unprecedented AI-driven jump in 2023, the value of this investment saw triple-digit gains this year.
Another very successful bet was MSFT, which Pelosi added to her portfolio in 2020 by buying substantial amounts of Microsoft call options. The tech giant’s shares surged almost 60% amid the ongoing AI boom. At this rate, Microsoft could overtake Apple as the world’s most valuable company in the coming months.
According to Quiver, Pelosi has achieved a trading success that surpasses her congressional salary nearly a hundredfold, making her one of the most closely-watched investors in the world.
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