When DeJoy was elected Postmaster General by a board whose members were all confirmed by Mitch McConnell, Elaine Chao’s brother in law made a $26.8M XPO Logistics purchase for his hedge fund—its first ever XPO purchase.
Yesterday, his fund reported $45.3M in XPO stock.
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Yesterday, his fund reported $45.3M in XPO stock.
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https://twitter.com/BillPascrell/status/1427294889604263947
sec.gov/Archives/edgar…
The hedge fund’s $26.8 million purchase of XPO Logistics stock occurred between April 1 and June 30, 2020.
The USPS announced that Louis DeJoy had been unanimously elected Postmaster General on May 6, 2020.
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The hedge fund’s $26.8 million purchase of XPO Logistics stock occurred between April 1 and June 30, 2020.
The USPS announced that Louis DeJoy had been unanimously elected Postmaster General on May 6, 2020.
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sec.gov/Archives/edgar…
In yesterday’s filing, the hedge fund manager reported $45.3 million in XPO Logistics stock.
Despite shedding 23,398 shares over the past year, the value of the XPO stock held by the hedge fund increased by nearly 69%.
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In yesterday’s filing, the hedge fund manager reported $45.3 million in XPO Logistics stock.
Despite shedding 23,398 shares over the past year, the value of the XPO stock held by the hedge fund increased by nearly 69%.
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marketbeat.com/stocks/NYSE/XP…
According to MarketBeat, Wells Fargo & Company currently has a $119.46 million stake in XPO Logistics.
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According to MarketBeat, Wells Fargo & Company currently has a $119.46 million stake in XPO Logistics.
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During her tenure as Secretary of Transportation, Elaine Chao consistently reinvested her Wells Fargo dividends into Wells Fargo stock.
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https://twitter.com/Ex67T20/status/1241365053594570752
On September 23, 2014, the hedge fund manager’s wife—Elaine Chao’s sister, Christine, contributed $400,000 to a Super PAC from which every expenditure was made in opposition to Mitch McConnell’s 2014 opponent.
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One McConnell ally, USPS Governor Robert Duncan, may have played a role in the FEC complaint that led to McConnell’s opponent’s father’s criminal prosecution—led by his son, the US Attorney for EDKY, who was praised and confirmed by Mitch McConnell.
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https://twitter.com/Ex67T20/status/1386388870959411202
Secretary Chao stated that she’d divested $500,001-$1,000,000 from her brother in law’s Caymans-registered offshore fund prior to her Senate confirmation.
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https://twitter.com/Ex67T20/status/1133721599000104961
valuewalkpremium.com/2019/03/hedge-…
Did I mention that Chao’s brother in law left SAC Capital shortly before the firm paid a record fine to the SEC for insider trading? He brought four other SAC Capital traders with him to his firm.
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Did I mention that Chao’s brother in law left SAC Capital shortly before the firm paid a record fine to the SEC for insider trading? He brought four other SAC Capital traders with him to his firm.
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The hedge fund manager made a $69.8 million NIO purchase shortly before it was publicly announced that Chinese banks, including Bank of China, would extend a massive line of credit to NIO.
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https://twitter.com/Ex67T20/status/1319417253998268416
Possibly just a lot of entirely coincidental adjacencies, but what seems clear is that both Elaine Chao and her brother in law stand to profit from any XPO value increases resultant to XPO-USPS partnerships.
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