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Former House Speaker Nancy Pelosi and her husband, Paul Pelosi, continue to record suspiciously unparalleled success in stock trading. The couple sits on a combined net worth of nearly $250 million.
Paul is an investment banker who strategically buys call options in big tech companies when they experience price fluctuations, while the former speaker was a member of the House Appropriations Committee.
Unusual Whales published the 2024 Congress Trading Report that shows the Pelosis maintained a steady year-over-year streak of outperforming the S&P 500 stock index.
Between December 29, 2023, and December 30, 2024, their portfolio grew by 70.9 percent, defeating the S&P 500 stock index by nearly 200 percent. Other members of Congress outperformed her, but she’s had the most consistent outperformance over the years.
Additionally, they outperformed their 2023 record of 65.5 percent, beating the then S&P 500 stock index return of 24.8 percent, by about 164 percent.
Pelosi also outdid other renowned investors, including Citadel, one of the world’s oldest and largest hedge funds, with assets of over $66 billion, and Discovery Capital, which has existed for over 25 years and with assets worth over $15 billion.
The former House speaker also outperformed Warren Buffet’s Berkshire Hathaway, which recorded a meager 27.1% growth in 2024.
As a member of Congress, Pelosi has access to information regarding upcoming legislation and actions that affect the markets, raising obvious questions about potential insider trading, which the former House speaker denies.
In January 2023, her husband sold more than $1.5 million worth of Alphabet, Google’s parent company’s stocks, before the Justice Department took legal action against the tech behemoth for allegedly violating antitrust laws.
In 2020, Paul invested $650,000 in CrowdStrike, a cybersecurity firm that works closely with the FBI and the DNC and investigated the alleged Russian interference in the 2016 presidential elections. That investment paid off handsomely when the company’s stock prices increased by 111%, with Pelosi gaining about $700,000.
He also purchased $1.9 million worth of Microsoft call options less than two weeks before the U.S. Army awarded the Redmond, Washington based tech collossus a $22 billion contract.
Fellow Congress members have also scrutinized Pelosi over stock trading. However, she insists she does not own stocks and has no prior knowledge or involvement in those transactions.
In January 2023, Sen. Josh Hawley (R-MO) introduced the aptly named PELOSI Act (Preventing Elected Leaders from Owning Securities and Investments) to prevent members of Congress from stock trading. “As members of Congress, both Senators and Representatives are tasked with providing oversight of the same companies they invest in, yet they continually buy and sell stocks, outperforming the market time and again,” Sen. Hawley said.
Nonetheless, Pelosi is hardly the first member of Congress to beat the market and renowned investment and trading firms.
Eight other elected leaders outtraded Pelosi, spectacularly beating the market in 2023. Former U.S. Rep. Brian Higgins (D-NY-26) led the pack by gaining a whopping 238.9%. Reps. Mark Green (122.2%), Garret Graves (107.6%), and David Rouzer (105.6%) distantly followed, while Pelosi (65.5%) debuted at the ninth position.
In 2024, Pelosi dropped to the tenth position after gaining 70.9%, with David Rouzer (149%), Debbie Schultz (142.3%), Ron Wyden (123.8%), Roger Williams (111.2%), and Morgan McGarvey (105.8%) more than doubling their investments.
Considering the widespread involvement of elected officials in stock trading, it is unsurprising that the PELOSI Act failed to pass in Congress.