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Nancy Pelosi, a prominent Democrat, has reportedly earned $15 million in stock gains over the past 10 days, driven primarily by strategic investments in NVIDIA. These gains have drawn significant attention from retail traders eager to emulate her stock-picking success.
Nancy Pelosi’s Strategic Stock Moves in NVIDIA and Broadcom Draw Attention from Retail Investors
Nancy Pelosi, a prominent Democrat with a long career on Capitol Hill, has gained a reputation as a stock-picking powerhouse. She inspires many retail traders to follow her market moves to capture some of the"alpha" she generates. Alpha is a metric that measures a stock picker’s ability to achieve returns exceeding the broader markets.
In early July, Pelosi attracted attention by announcing a series of transactions just before the Fourth of July holiday in the United States. Specifically, she acquired 10,000 shares of NVIDIA and Broadcom call options, reduced her Visa stake by 2,000, and sold 2,500 Tesla shares. On July 31, Pelosi increased her position in NVIDIA by purchasing an additional 10,000 shares and sold 5,000 shares of Microsoft.
Pelosi’s $15 Million Gains Highlighted by NVIDIA Options as Congressional Trading ETF Awaits Launch
In addition to her physical shares, Pelosi holds 500 long-term NVIDIA call options (LEAPS) with a $12 strike price. According to Wccftech, these strategic moves have yielded significant returns, with Unusual Whales estimating that Pelosi has accrued approximately $15 million in profits over the past ten days—roughly 75 times the annual salary of a career Democrat, which stands at around $200,000.
These extraordinary gains appear primarily driven by NVIDIA’s strong recovery following the downturn caused by the Japanese Yen carry trade in early August. In response to the growing retail interest in following Congressional trades, particularly those of Pelosi, Tuttle Capital filed an application with the SEC in early July to launch the Tuttle Capital Congressional Trading ETF. This ETF is designed to invest in companies in which members of the U.S. Congress or their spouses have publicly disclosed investments, as required by the STOCK Act. Although trading for this ETF was expected to begin in August, it has yet to commence.
