Seven Lakes Weekly Summary

Hello Seven Lakers,

We wanted to provide you with a summary of 2023 in terms of trades place by US politicians

📈 1/ Stocks and sectors bought by US politicians

The trading activity at Capitol Hill this year was substantial, with 12,734 transactions taking place

Banks and Software were the most invested sectors, while the stocks which were bought the most by Politicians were Microsoft, Citigroup and NVIDIA

If you want to receive daily updates on politicians’ trades, click here

🏦 2/ The lawmakers who experienced the highest returns from their investments in 2023

We analyzed thousands of trades, and we selected the three most remarkable transactions executed by Congress members in 2023. These trades not only delivered substantial returns but continue to showcase impressive performance.

Rep. Daniel S. Goldman

Newly elected in 2023, Rep. Daniel S. Goldman engaged in over 1200 trades throughout the year. Despite a significant selloff in August and September, he maintains multiple positions. Notably, his investment in Affirm Holdings Inc (AFRM:US) on April 10, 2023, has seen a remarkable +268.46% increase to date.

Rep. Diana Harshbarger 

On January 25, Rep. Diana Harshbarger executed four purchases of Meta Platforms Inc (META:US) stock. These included transactions by undisclosed owners, a joint account, and the Representative's spouse. Since that date, META stock has surged by an impressive +159.69%.

 Rep. Josh Gottheimer

NVIDIA Corp (NVDA:US) emerged as a star performer in 2023, with blockbuster earnings reports every quarter. Several lawmakers, including Rep. Josh Gottheimer, seized the opportunity. Gottheimer's first investment in NVDA stock on February 21 was followed by eleven more trades, resulting in a notable +171.38% increase in NVDA stock since the initial investment.

If you want to receive daily updates on political trading, click here

🔔 3/ 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)

The Seven Lakes Research analyst team provides PREMIUM detailed updates from Monday to Friday with all the relevant fact on: 

Click on the button below to start receiving them 👇👇👇👇👇

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📄 4/ Interesting stock market stories

STORY #1: Congressman Jackson's Astute Wager on Palo Alto Networks

In a surprising financial maneuver, Congressman Jonathan Jackson has recently augmented his holdings in Palo Alto Networks Inc (PANW:US).

He invested $100,000 just ahead of the announcement of Palo Alto Networks' expanding key strategic cybersecurity Partnership with IBM Consulting

Since his investment, PANW stock has surged by over +10% in value.

This partnership, unveiled on December 5, 2023, coincided with Palo Alto Networks' finalization of the acquisition of Dig Security, a provider specializing in Data Security Posture Management.

The integration of Dig's advanced capabilities into Palo Alto Networks' Prisma Cloud platform enhances data protection in cloud environments, positioning the company as a frontrunner in safeguarding cloud-native applications.

During the same month, Representative Jackson diversified his portfolio by acquiring shares in Wayfair Inc (W:US) and Albertsons Cos (ACI:US) and divested shares of Heico Corporation (HEI:US)

If you want to be notified when politicians trade stock, we send daily email alerts here 

STORY #2: TSLA Reduces Driving Range Amid New Gov Regulations

Tesla Inc (TSLA:US) has adjusted the driving-range estimates for various models in its lineup, such as the Model X, S, Y, and 3, in response to new U.S. government regulations

Renowned for historically providing optimistic range estimates that exceeded the actual capabilities of its vehicles

Tesla's website now reflects updated range figures, with the Model Y Long Range adjusted to 310 miles. For the performance variant of the Model Y, the range has been reduced from 303 miles to 285 miles. The new regulations also mandate automakers to test electric vehicles in their default driving mode to ensure accurate range and fuel efficiency assessments.

Interestingly, these regulations appear to be less turbulent for Tesla’s competitors.

Representatives from Ford and GM confirmed that their models would not require adjustments to their range estimates as per the new regulations. GM stated that its testing procedures already complied with the new rules before the announcement, while Hyundai has yet to respond to the matter.

Beyond being the leading seller of electric vehicles in the U.S., Tesla is also among the most actively traded stocks by members of Congress.

In the last reported TSLA stock trade in 2023, Rep. Ro Khanna's son sold up to $15,000 worth of shares. Other politicians who divested from the stock in the same year included Senator Tommy Tuberville and Rep. Josh Gottheimer. On the flip side, Senator Sheldon Whitehouse and Rep. Michael Guest's spouse increased their holdings in TSLA

If you want to be notified when politicians trade stock, we send daily email alerts here 

STORY #3: Buffett purchases Pilot Travel after several lawsuits

The Haslam family concluded the sale of its remaining 20% ownership in Pilot Travel Centers to Berkshire Hathaway (Warren Buffett’s hedge fund) on Tuesday, marking the finalization of a deal announced by both parties.

Berkshire had previously acquired the majority stake in Pilot Travel Centers through separate transactions in 2017 and January 2023, totaling $11 billion.

This sale follows the resolution of a billion-dollar lawsuit in the Delaware Chancery Court, revolving around an accounting method dispute between the Haslams and Berkshire Hathaway.

The Haslams filed a lawsuit last year, accusing Berkshire of unauthorized pushdown accounting at Pilot Travel Centers. Jim Haslam II acknowledged the emotional aspect of the decision and stated that it was deemed appropriate for the family at this time.

In December, reports surfaced about federal prosecutors investigating Berkshire's claims of payments offered by Jimmy Haslam III to boost Pilot Travel Centers' value. The Haslams denied these claims, countering allegations regarding Jimmy Haslam III.

On a separate note, Congressmen John Curtis and Ro Khanna divested shares in Berkshire Hathaway late last year, with Mr. Khanna reducing his holdings on Nov 3, valued up to $15,000, and Mr. Curtis selling shares on Dec 4, ranging between $1,000 and $15,000 at a closing price of $356.66.

If you want to be notified when politicians trade stock, we send daily email alerts here 

📄 5/ Political Trading Bot

As you may remember, we have a trading bot that buys the same stocks as politicians

The bot is offered by the SEC registered broker QB, which will perform the trades. We will just provide them with the necessary data to execute

This means that every time politicians buy sizable amount of stocks, the bot buys those stocks as well

If you want to learn more about how to get access to the Political Trading Bot, click on the video below.

We assessed its performance, and it has been delivering solid results so far.

• We launched in May 2022 and the performance was +24% return

• Performance since April 2020 was +237% return