Here are the recent additions to Nancy Pelosis stock portfolio A report on her purchases
Due to her prominent role as the former Speaker and her notably successful stock investments, Nancy Pelosi has become a prominent figure in discussions about questionable congressional trading practices. After a relatively quiet first half of 2024, the Representative made a series of significant sales and purchases on July 3.
Pelosi reported selling up to $1.5 million in shares of Visa (NYSE: V) and Tesla (NASDAQ: TSLA), while purchasing up to $10 million in shares and options of Nvidia (NASDAQ: NVDA) and Broadcom (NASDAQ: AVGO).
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#### Nancy Pelosi’s June Trades. Source: U.S. House
### Nancy Pelosi Buys More Nvidia Shares
The Nvidia purchase stands out because Pelosi has a history of successful trades with the stock, particularly a highly profitable options trade in late 2023. Early in 2024, it was reported that her NVDA investment had already earned more than her entire annual congressional salary, thanks to the semiconductor giant’s excellent market performance. If Nvidia performs even half as well in the second half of the year, her 10,000 new NVDA shares could net her around $1 million, over five times her annual salary.
#### NVDA Stock YTD Price Chart. Source: Finbold
### Broadcom Call Options
The Broadcom call options, with a strike price of $800, also have significant potential, given the general consensus that AVGO stock will rise by at least 11% over the next 12 months.
### Nancy Pelosi’s Stock Sales
Conversely, Pelosi’s Tesla sales seem ill-timed. The TSLA stock sold on June 24, 2024, likely came from purchases made in March 2024. With the stock price dropping from around $340 to $182, the loss per share was about $160, totaling around $400,000. The situation looks worse considering TSLA’s price surged to $240 by July 3, a $60 increase from the sale day, resulting in a total difference of $150,000.
#### TSLA Stock 30-day Price Chart. Source: Finbold
The Visa share sale, however, has been highly profitable. Today, Visa’s price is around $270, and Pelosi reportedly bought the shares back in 2011 when the stock was under $30.
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