Sen. Carper's strategic moves

Bought stocks, won big with $FLNG, cuts losses on $URA

Author

Seven Lakes Research
January 10, 2024

Here are some updates on the latest trades made by Senator Carper, one of the most prolific political traders.

As context, here is a summary of his trading over the last three years:

Summary of Carper’s trading in last 3 years

Sen. Carper’s strategic moves

Kicking off 2024 with significant financial maneuvers, Senator Carper's spouse made noteworthy transactions. She sold up to $300,000 in US Treasury Bills while venturing into Real Estate Investment Trusts (REITs) and Exchange-Traded Funds (ETFs), showcasing a diversified investment strategy.

The portfolio expansion included purchases in well-known companies like Starbucks ($SBUX), Valero Energy Corporation ($VLO), and FMC Corporation ($FMC). Simultaneously, they strategically executed a partial sale of Taiwan Semiconductor Manufacturing Company Limited ($TSM) shares, indicating adaptability to market dynamics.

In summary, the financial activities reflect a proactive and diversified approach, balancing traditional assets, sector-specific investments, and tactical maneuvers within the stock market.

This week, Senator Carper exhibited a strategic approach to his investment portfolio. One standout move involved a significant increase in stakes in the liquefied natural gas (LNG) shipping company represented by the ticker symbol $FLNG. This shrewd decision resulted in an impressive gain of more than +10%, underscoring Senator Carper's ability to identify and capitalize on opportunities within the dynamic financial landscape.

In a simultaneous and equally calculated move, Senator Carper opted to divest from shares in the Uranium ETF ($URA). This decision, however, was made as the value of $URA shares experienced a decrease of over -6%. The decision to sell, in this case, demonstrates not only a keen awareness of market trends but also a proactive strategy to manage risk and optimize the overall performance of the investment portfolio.

How to be notified when politicians buy / sell stocks

As seen before, some suspicious trades were made by Congress Members and their relatives

However, the GOOD NEWS is that their moves can be copied (politicians need to disclose their stock positions)

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