Skip to content

U.S. Representative reports massive, $25 million Congressional trade

U.S. Representative reports massive, $25 million Congressional trade

Though many U.S. politicians are no strangers to significant stock market activity, few Congressional trades reach the magnitude of those made by Michael McCaul of Texas.

According to the latest data from the US Senator Stock Trading Radar by Finbold, McCaul reported a staggering 306 trades totaling approximately $25 million on September 18. The 306 trades were executed between August 1 and September 18, meaning that for some, the Representative had waited until the very end of the legal deadline for filing Congressional trades.

Receive Signals on US Congress Members' Stock Trades

Stocks

Stay up-to-date on the trading activity of US Congress members. This signal triggers based on SEC updates on all the trades that are made by US Congress members.

These are Michael McCaul’s most interesting trades

There is no shortage of curious moves included in the mammoth batch, but some of the more interesting buys within the time frame include the shares of Meta (NASDAQ: META), Bayer (ETR: BAYN)

Some of the more noteworthy sales include Alphabet (NASDAQ: GOOGL), Microsoft (NASDAQ: MSFT), Mastercard (NYSE: MA), Adobe (NASDAQ: ADBE), Uber (NYSE: UBER), Visa (NYSE: V), ASML (NASDAQ: ASML), Apple (NASDAQ: AAPL), and many others.

It is also interesting to note that within the 45 days, McCaul executed both the sale and the purchase of various assets, including Meta and Bayer’s stock.

Why Representative McCaul’s Congressional trades are controversial

The investments of the Representative from Texas are particularly controversial due to the levels of access and insider knowledge he is privy to thanks to sitting on eight Congressional Committees and Caucuses, with the ones on Foreign Affairs, Homeland Security, High Tech, Cybersecurity, and AI being the more notable.

Such influence can be interpreted as particularly unsavory due to the heavy presence of various stocks he is directly overseeing in his portfolio such as Apple, ASML, Microsoft, and Google.

Representative McCaul is no stranger to suspicious Congressional trades

Additionally, Representative McCaul has found his name in the news over numerous curious investments since 2024 started. In a move that backfired in April, he made a large investment in META shares just before voting in favor of the TikTok ban.

He had also made several notable stock sales – such as that of Nvidia (NASDAQ: NVDA) stock – shortly before the early August downturn. It is also worth mentioning, however, that he near the same time made a string of purchases, including Advanced Micro Devices (NASDAQ: AMD) shares.

Receive Signals on US Congress Members' Stock Trades

Stocks

Stay up-to-date on the trading activity of US Congress members. This signal triggers based on SEC updates on all the trades that are made by US Congress members.

Some of McCaul’s tendencies have also been subject to scrutiny. For example, his access to various forms of non-public information had brought into focus the fact that the Representative has, in recent years, only been selling the shares of Goldman Sachs (NYSE: GS) despite, throughout the period, regularly buying the stock of other firms in the same sector.

His sale of TSMC (NYSE: TSM) stock at the time he was serving as the head of the China Task Force in the Foreign Affairs Committee likewise drew attention and suspicion in the wake of his August filing, as has his tendency to simultaneously disclose immense numbers of trades.

In total, by press time, there are 5,730 Michael McCaul stock trades on record with their total volume estimated at $597.51 million.

Buy stocks now with eToro – trusted and advanced investment platform


Disclaimer: The content on this site should not be considered investment advice. Investing is speculative. When investing, your capital is at risk.

Best Crypto Exchange for Intermediate Traders and Investors

  • Invest in cryptocurrencies and 3,000+ other assets including stocks and precious metals.

  • 0% commission on stocks - buy in bulk or just a fraction from as little as $10. Other fees apply. For more information, visit etoro.com/trading/fees.

  • Copy top-performing traders in real time, automatically.

  • eToro USA is registered with FINRA for securities trading.

30+ million Users
Securities trading offered by eToro USA Securities, Inc. (“the BD”), member of FINRA and SIPC. Cryptocurrency offered by eToro USA LLC (“the MSB”) (NMLS: 1769299) and is not FDIC or SIPC insured. Investing involves risk, and content is provided for educational purposes only, does not imply a recommendation, and is not a guarantee of future performance. Finbold.com is not an affiliate and may be compensated if you access certain products or services offered by the MSB and/or the BD

Read Next:

Finance Digest

By subscribing you agree with Finbold T&C’s & Privacy Policy

Related posts

Sign Up

or

By submitting my information, I agree to the Privacy Policy and Terms of Service.

Already have an account? Sign In

Disclaimer: The information on this website is for general informational and educational purposes only and does not constitute financial, legal, tax, or investment advice. This site does not make any financial promotions, and all content is strictly informational. By using this site, you agree to our full disclaimer and terms of use. For more information, please read our complete Global Disclaimer.