Latest news with #QuiverQuantitative
Int'l Business Times
2 days ago
- Business
- Int'l Business Times
GOP Lawmaker Caught 'Selling' Stock in Healthcare Group That Accepts Medicaid as 'Big, Beautiful Bill' Passes House, Trade Insider Says
Rep. Robert Bresnahan (R-PA) reportedly dumped stock shares in a major healthcare provider for Medicaid recipients — stock that has now dropped nearly 44% as cuts to Medicaid in Republican's "Big, Beautiful Bill" are finalized by Congress. According to Quiver Quantitative, which tracks stock trading among insiders, including Congress, Bresnahan sold his shares in Centene Corporation on May 15, days before the House initially advanced President Donald Trump's so-called "Big, Beautiful Bill," which includes sweeping tax cuts and spending increases. Critics warn the legislation could strain Medicaid funding and other social safety net programs. Centene ($CNC) stock has since cratered, falling over 43% since Bresnahan's trade, while the broader S&P 500 (SPY) rose about 5% in the same period. The "Big, Beautiful Bill" passed the Senate last week and returned to the House after amendments were made. The massive tax and spending bill passed the House once again Thursday and now heads to Trump's desk. Bresnahan insists he does not personally manage his investments and says his financial advisor made the trade. He has pledged to place his assets into a blind trust but, according to Quiver Quantitative, has yet to do so. In early May, Bresnahan introduced a bill to ban congressional stock trading. He campaigned on restoring trust in government, but has come under scrutiny after disclosures revealed he reportedly made over $4 million in trades during his first months in office. Originally published on Latin Times
Time of India
23-06-2025
- Business
- Time of India
Nancy Pelosi outperforms major hedge funds with jaw-dropping gains in 2024, leaves Wall Street pros in the dust
Nancy Pelosi, Rep. Nancy Pelosi (D-California), and her spouse, Paul Pelosi, have been making some quiet waves on Wall Street and have accumulated investment gains that outperform every large hedge fund and the S&P 500, as per a report. Nancy Pelosi and Husband's Net Worth New financial filings disclose that the pair's net value rose to about $413 million in 22024 from $370 million in 2023, as per the New York Post. While legislators are required to disclose only net worth ranges, a market research company such as Quiver Quantitative estimated that the Pelosi portfolio is at about $257 million based on daily stock values it tracks, which is a $26 million jump from 2023, according to the report. Diverse Business Ventures Add to Fortune However, the couple's net worth would be much higher than that because of their other ventures, which include but are not limited to a Napa Valley winery, ownership in a political data and consulting firm and a stake in a Bay area Italian restaurant, reported the New York Post. ALSO READ: US bombs Iran: Tehran sends chilling coffins message to Trump as fears of World War III rises Live Events Smart Trading Strategy in Paul Pelosi's Name But a massive portion of their fortune has come from a sizable stock portfolio and timely trades, all done in Paul Pelosi's name, as per the report. Bloomberg reported that the couple's investment portfolio has gained an estimated 54% return in 2024, which is more than double the S&P 500's 25% gain, and also beating every large hedge fund. A spokesperson told, 'Speaker Pelosi does not own any stocks, and she has no prior knowledge or subsequent involvement in any transactions,' quoted the New York Post. Early 2025 Moves Signal More Gains The couple also started off 2025 with a good start as they bought call options in January for the then-little-known artificial intelligence health firm, Tempus AI, which has since inked a $200 million deal with AstraZeneca and doubled its stock price, reported New York Post. Nancy and Paul also took out call options for energy company Vistra, whose stock rose last month after it announced a $1.9 billion deal to acquire natural gas facilities across the country from a private equity firm, as per the report. FAQs How much did Nancy and Paul Pelosi make in 2024? They added between $7.8 million and $42.5 million to their net worth last year, as per New York Post. Is Nancy Pelosi directly involved in these trades? No, a spokesperson says she doesn't own stocks or participate in trading, and most activity is in Paul Pelosi's name, as per the report.
New York Post
21-06-2025
- Business
- New York Post
Pelosi added millions to net worth last year: report
She might be the She-Wolf of Wall Street. Rep. Nancy Pelosi (D-California) raked in between $7.8 and $42.5 million in 2024 — meaning her estimated net worth with venture capitalist hubby Paul Pelosi could now top out at $413 million, new financial disclosures showed. The staggering sum is an eye-popping jump from 2023, when financial disclosures showed the couple's net worth topping out at a possible $370 million. Advertisement 4 The Pelosi's added between $7.8 and $42.5 million to their net worth in 2024. Getty Images Pelosi's exact net worth is not known because lawmakers are only required to disclose ranges. Market research firm Quiver Quantitative, which estimates a single figure based on daily stock values it tracks, placed the pair's 2024 worth at $257 million — up $26 million from a year earlier. Advertisement But the value of their various other ventures — which include but are not limited to a Napa Valley winery, ownership in a political data and consulting firm and a stake in a Bay area Italian restaurant — mean Pelosi's worth could be far higher in the estimated range. A large chunk of the couple's fortune has come from a sizable stock portfolio and timely trades, all done in Paul Pelosi's name. The former House Speaker, who's so infamous for trading Missouri Rep. Josh Hawley named a bill after her, and her husband dumped 5,000 shares of Microsoft stock worth an estimated $2.2 million in July — one of their largest sales in three years — a few short months before the FTC announced an antitrust investigation into the tech giant. They also sold 2,000 shares — worth an estimated $525,000 — of Visa stock, less than three months before the credit card company was hit with a DOJ monopoly lawsuit. Advertisement 4 Some have nicknamed Pelosi the 'Queen of Stocks.' Getty Images for The Museum of Contemporary Art (MOCA) Their best trade though might have been exercising a call option in December they bought in late 2023 at an estimated premium of $1.8 million, allowing them to nab 50,000 shares of hot AI chip stock NVIDIA for $12 a pop — less than one tenth of its market price. In total the couple paid an estimated $2.4 million for the investment, which on paper is now worth more than $7.2 million. NVIDIA wasn't their only AI play of 2024. Advertisement The couple also paid between $600,000 and $1.25 million for a call option on California cybersecurity company Palo Alto Networks in February, the same week it was revealed the White House briefed lawmakers on a serious national security threat related to Russia. The shares rose close to 20% in the days after the move. 4 A bill aiming to ban lawmakers and their spouses from trading individual stocks was named 'The PELOSI Act.' Jack Forbes / NY Post Design The option allowed the pair to scoop up 14,000 shares of Palo Alto in December at a $100 strike price — half its trading value. The company has been crushing earnings over the past year and the investment is now worth around $2.8 million. But the Queen of Stocks did suffer one setback — when she and Paul Pelosi ditched 2,500 shares of former Department of Government Efficiency boss Elon Musk's Tesla in June, losing somewhere between $100,000 and $1 million on the trade. In all, their investment portfolio pulled in an estimated 54% return in 2024, more than double the S&P 500's 25% gain — and beating every large hedge fund, according to numbers in Bloomberg's end-of-year tally of hedge funds' returns. 4 Pelosi and her good fortune have been at the center of arguments about why Congress shouldn't be allowed to trade stocks. Ron Sachs – CNP for NY Post The formidable profits come amid growing calls to ban Congress from trading individual stocks, arguing lawmakers have access to market-moving information ahead of the public. Advertisement Pelosi in the past rejected calls for a ban, stating 'we're a free‑market economy.' She has since softened her stance in the face of growing criticism. When asked in May whether Congress should pass a trading ban, she replied, 'If they do, they do.' 'Speaker Pelosi does not own any stocks, and she has no prior knowledge or subsequent involvement in any transactions,' a spokesperson told The Post. The couple is already off to a rocking 2025. Advertisement In January, they bought call options for then-little-known artificial intelligence health firm, Tempus AI, which has since inked a $200 million deal with AstraZeneca and doubled its stock price. The couple also took out call options for energy company Vistra — whose stock climbed last month after it unveiled a massive $1.9 billion deal to acquire natural gas facilities across the country from a private equity firm, citing rising US power demand.
Hindustan Times
11-06-2025
- Business
- Hindustan Times
Mikie Sherrill net worth: NJ Gov hopeful scored massive gains in stock market; makes whopping salary
Representative Mikie Sherrill (D-NJ) won the Democratic nomination in New Jersey's high-stakes gubernatorial race. She beat five candidates vying for the spot, including Rep. Josh Gottheimer, AP and Washington Post declared on Tuesday. First elected to the House in 2018, the 53-year-old has made thousands in salary and has a massive net worth, according to latest estimates. Quiver Quantitative reported in May 2025 that Sherill has a net worth of $10.2 million. Quiver Quantitative estimates Sherrill's net worth at $10.2 million, ranking her 81st in Congress. The trading platform further added that her net worth includes $3.9 million in publicly traded assets. Her net worth was $9.7 million on April 21, 2025, reflecting a $326.5K stock market gain in the prior month. When asked about making $7 million in stock trades, she denied citing her husband's financial activities and broad asset categories. The New Jersey Monitor reported that Rep Sherrill and her husband, a broker, reported roughly $3.2 million in income for 2024. The publication cited their tax returns to further add that the couple reported $114,970 in dividend income from index and exchange-traded funds. Members of Congress are paid a $174,000 salary. Rep Sherrill will now face Republican Jack Ciattarelli, who had President Donald Trump's endorsement. In a victory speech, she criticized Ciattarelli as a 'lackey' of the president's, invoked New Jersey's role in the American Revolution and hinted at the state's role as one of just two holding a race for governor a year after the presidential election. 'New Jersey once again stands at the front lines," she said. 'We are in an American crisis, but not in a war for independence but a fight for our future.'
Fox News
22-05-2025
- Business
- Fox News
Mace sounds off on stock trading in Congress, Pelosi remains silent: ‘Something doesn't add up'
Print Close By Peter Pinedo Published May 22, 2025 Rep. Nancy Mace, R-S.C., says she supports banning stock trading for sitting members of Congress "100%," saying, "we shouldn't be voting on things we can benefit from financially." Though supportive of efforts to curb the practice of trading by members of Congress, Mace, a staunch conservative, told Fox News Digital that she is not surprised the effort has been unsuccessful so far. "It's Washington. Washington is doing what it always does," she said, adding, "The establishment rules and … when you see the kind of returns members of Congress on both sides of the aisle are getting that the average American isn't, something doesn't add up." According to Quiver Quantitative, Mace has no reported stock trading activity and has a net worth of $3.4 million. WATCH: Leftist protesters flood Capitol Hill office building as 'big, beautiful' budget bill vote looms "I support it 100%. I don't trade stocks," said Mace. "I think I have learned since I've been up here that we can be market makers, and when we do bills, or we vote on things, or we do legislation, we shouldn't be voting on things that we could benefit from financially." Rep. Nancy Pelosi, D-Calif., meanwhile, declined to comment on her stance. According to Quiver Quantitative, the former speaker of the House, who has a net worth of a little over $261 million and, as of April 28, was reported as holding $119.9 million in stocks, has been heavily criticized for engaging in lucrative trading. When asked by Fox News Digital whether she would support banning lawmakers from trading stocks, Pelosi ignored the question and continued walking. HAWLEY REIGNITES 'PELOSI ACT' PUSH TO BAN LAWMAKERS FROM TRADING STOCKS This comes after Rep. Mark Alford, R-Mo., introduced legislation earlier this month that would ban congressional stock trading, serving as the House companion bill to Sen. Josh Hawley's, R-Mo., "PELOSI Act" in the Senate. Alford's proposed bill would ban lawmakers and their spouses from holding, purchasing or selling individual stocks while in office, but it allows investments in diversified mutual funds, exchange-traded funds or U.S. Treasury bonds. If passed, current lawmakers would have 180 days to comply with the legislation. Likewise, newly elected lawmakers must achieve compliance within 180 days of entering office. Under the proposed legislation, lawmakers who continue to make wrongful transactions would be required to hand over any profits they made to the U.S. Treasury Department. The House or Senate ethics committees could also impose a fine on such lawmakers amounting to 10% of each wrongful transaction. House Speaker Mike Johnson has also endorsed a stock trading ban, saying "a few bad actors" have ruined Americans' trust in lawmakers on the issue. President Donald Trump himself endorsed the same ban for members of Congress in an interview with Time magazine last month. "I watched Nancy Pelosi get rich through insider information, and I would be okay with it. If they send that to me, I would do it," he said of a trading ban. CALLS TO BAN CONGRESSIONAL TRADING PERSIST AMID RECENT STOCK MARKET VOLATILITY Democrats in the House of Representatives have also expressed support for a ban, with House Minority Leader Hakeem Jeffries, D-N.Y., throwing his weight behind the proposal last week. CLICK HERE TO GET THE FOX NEWS APP Rep. Thomas Massie, R-Ky., meanwhile, told Fox News Digital that he has an alternate solution that would allow legislators to trade stocks but would mandate that members of Congress wishing to do so to "put their money in escrow and announce the stock trade 24 hours before they make it." "Then they have to legally go through with the trade. So instead of not using the insider information, let's give it to everybody and let them front run the elected officials here," he said, smiling. Print Close URL
