Nancy Pelosi’s Stock Portfolio Explodes In Value, Beats Market By Nearly 200%
Former House Speaker Nancy Pelosi beat the S&P 500 by nearly 200% in 2024, continuing her streak of outperforming the stock index.
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Pelosi’s portfolio grew 70.9% between Dec. 29, 2023, and Dec. 30, 2024, compared to the S&P 500’s 24.9% return for the period, according to financial data platform Unusual Whales’ 2024 Congress Trading Report. The former speaker’s 2024 investment results exceeded her stellar 2023 performance, when she secured a return of 65.5% — outperforming that year’s S&P 500 return of 24.8% by approximately 164%.
Pelosi outdid many of the world’s oldest and largest hedge funds in 2024, including Citadel, which had $66 billion in assets under management as of December, and Discovery Capital, which has been around for over 25 years and had $15 billion in assets under management at its peak. She also outperformed legendary investor Warren Buffet’s Berkshire Hathaway, more than doubling its 27.1% 2024 return.
Pelosi’s trades are executed on her behalf by her husband, Paul, an investment banker whose strategy largely consists of buying call options — financial contracts that provide buyers with the right to purchase an asset at a predetermined price — in large technology companies after they experience price drops, according to Unusual Whales. The strategy appeared successful in 2024, with Pelosi’s contracts to purchase chipmaker Nvidia finishing the year up 273% and her contracts to purchase cybersecurity company Palo Alto Networks up 93% as of Jan. 7.
“Speaker Pelosi does not own any stocks, and she has no prior knowledge or subsequent involvement in any transactions,” a spokesman for Pelosi’s office told the Daily Caller News Foundation.
Pelosi has made other shrewd trades in the past, unloading more than $1.5 million worth of stock in Google’s holding company Alphabet one month before the Department of Justice announced an antitrust lawsuit against the tech giant.
The longtime congresswoman has faced backlash for her investments in the past, with Republican Missouri Sen. Josh Hawley introducing the Preventing Elected Leaders from Owning Securities and Investments (PELOSI) Act in January 2023, which would have prohibited members of Congress from trading stocks.
“For too long, politicians in Washington have taken advantage of the economic system they write the rules for, turning profits for themselves at the expense of the American people,” Hawley said in a Jan. 2023 statement. “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.”
Pelosi has refuted insider trading accusations, and even supported the 2023-2024 Ending Trading and Holdings in Congressional Stocks (ETHICS) Act after dropping her opposition to a stock trading ban ahead of the 2022 midterm.
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It’s totally impossible to beat the market by 200% without insider trading. It’s not just Pelosi, it is all of Congress. In 2012 they passed the “Stock Act” which only says that they must “disclose any stock trade made by themselves, a spouse, or a dependent child”. But it doesn’t prohibit stock trading in any form by them which should (because of insider information) be banned for their entire terms of office. And even with no consequences in 2023, for example, 78 members of Congress were cited for failing to report this minimal information.
And there is another insidious way that they make millions off of your tax dollars. Take Biden’s 3/4 trillion dollar “Inflation Reduction Act” that Biden has admitted has nothing to do with inflation but is actually the biggest “green” spending bill in American history. The bill is nothing but a slush fund for projects and companies run by Democrat donors. The bill has allocated 5.5 billion in grants for EV’s and electric buses. As one example, look at a company that Biden and Harris publicly promoted, the EV bus maker, Proterra. Even with tens of millions in government grants Proterra went bankrupt last year, but not until Jennifer Granholm (our nation’s Energy Secretary) made 1.6 million off of their stock. Go look it up. It’s nothing more than our money grifted to Democrat owned “Green” businesses that take the money in “pump and dump” schemes. The companies, and the “in the know” stockholders and owners profit when government money pumps the stock price up and then the owners, and the insider info stockholders dump the stock before the government money or subsidies dry up. Remember Solyndra under Obama. Same deal except that was a 1/2 billion dollar taxpayer cost. It’s all a hoax to make the political class even richer with your money. And that’s why the Democrats and rich politicians don’t care about the never ending government “money printing” that is driving inflation and bankrupting middle class Americans.