Summary of Last Week Political Trades

Summary of November 2024

Donald Trump won the 2024 Presidential Election last week, and has begun announcing plans for his initial cabinet and senior leadership. Here’s a roundup on the financial holdings of some key members of the new administration:

•  Vice President-elect J.D. Vance now has up to half a million dollars in Bitcoin. He also owns shares in (QQQ), (DIA), (TLT), and (GLD), as well as private real estate and venture capital investments. You can track his portfolio on Quiver

• Today Senator John Thune was elected as the Senate Majority Leader. Thune has a net worth of $700k, per our estimates. We have seen him trade stocks just once while in office - a 2022 sale of Independence Realty Trust (IRT)

• President-Elect Trump has chosen Rep. Mike Waltz to be his National Security Advisor. We estimate that Waltz has a net worth of approximately $10M. He bought up to $100K of Bitcoin in 2021 & sold up $5M in 2020 of Metis Solution (not a publicly traded company)

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Trading Portfolio of Politicians: How it evolved in Nov-24

The latest monthly rebalance reveals strategic adjustments within the portfolio, reflecting changes aligned with congressional trading activity.

 💰 Key changes include:

•  Positions Closed: Four positions were closed including $NVDA (Nvidia) (prev. a 49.52% position), $SPG (Simon Property Group position) (3.84%), $GRMN (Garmin) (3.27% position), and $LINE (Linde plc) (3.17% position).

•  Positions Opened: Four new positions were established including $ITW (Illinois Tool Works) at 10.97%, $JPM (JPMorgan Chase) at 7.31%, $JNJ (Johnson & Johnson) at 3.44%, and $ADP (Automatic Data Processing) at 10.75%.

• Positions Increased: $GD (General Dynamics) increased to 14.19%, $AMGN (Amgen) increased to 10.75%, $CB (Chubb) increased to 10.75%, $HSY (Hershey) increased to 10.75%, $ACN (Accenture) increased to 10.54%, and $APD (Air Products and Chemicals) increased to 10.54%.

These adjustments reflect the dynamic nature of the Congress Trades strategy, adapting to the latest insights from congressional trading activities.

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