United States Senator John Hickenlooper has filed a series of highly unusual stock trades involving Liberty Media Formula One (NASDAQ: FWONK) and Liberty Broadband (NASDAQ: LBRDK).
These Senate trades stand out from the typical patterns seen in congressional disclosures.
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On May 9, 2025, Hickenlooper executed three separate trades in FWONK, all on the same day. He first purchased shares valued between $100,001 and $250,000, then proceeded to sell a portion of those holdings in two follow-up transactions: one partial sale worth between $15,001 and $50,000 and another, a larger sale in the range of $250,001 to $500,000.
This flurry of same-day trading is highly irregular. It suggests a rapid buy-and-sell strategy that departs from the long-term investment approaches typically favored by members of Congress.
The decision to acquire a substantial stake in FWONK, only to liquidate much of it within hours, raises questions about the senator’s intent.
Such behavior could be interpreted as either a reaction to short-term market movements or a trading error.
The nature of the stock itself adds to the intrigue. Liberty Media Formula One is tied to the global motorsport industry, a niche sector not commonly found in congressional portfolios.
While Formula 1 has gained momentum in the U.S., it remains an unconventional pick for a U.S. senator. Notably, FWONK stock has been bullish over the past month, gaining 11%.
Hickenlooper’s LBRDK trades
Hickenlooper’s trades in LBRDK are equally perplexing, made on the same day. The lawmaker purchased shares in two separate ranges, $100,001 to $250,000 and $250,001 to $500,000, while selling off LBRDK shares in identical amounts.
In total, he executed four LBRDK trades on May 9, mirroring his activity in FWONK both in volume and timing.
Although FWONK and LBRDK share a parent company, Liberty Media, they operate in entirely different sectors: motorsports and broadband, respectively. This makes the coordinated trades even more peculiar.
Buying and selling significant amounts of LBRDK within a single day doesn’t reflect a clear investment strategy; it appears to be neither a commitment to the stock nor a complete exit.
For a sitting senator, whose financial decisions are subject to public scrutiny, such high-volume, same-day trading across unrelated sectors comes off as erratic.
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