U.S. Representative Daniel Crenshaw has only made 33 stock trades since entering office.
They include some of the most well-timed congressional trades we’ve ever seen.
Here are his top five most profitable transactions:
Crenshaw purchased the Direction Daily Financial Bull 3X Shares ETF, $FAS, at almost exactly the lowest point of the COVID market crash.
The graph below doesn’t do this trade justice.
It doesn't show that he sold near the peak on 1/10/22 for a return of over 500%.
Crenshaw also purchased stock in SPX Technologies, $SPXC, at the low point of the COVID crash.
Since then, the stock has risen 202%.
Crenshaw bought Facebook stock, $META, on October 25th, 2022.
Since then, the stock has risen 104%.
Crenshaw sold his Rivian stock, $RIVN, on December 23rd, 2021.
Since then, the stock has fallen 84%.
Crenshaw bought stock in Wynn Resorts, $WYNN, on October 25th, 2022.
Since then, the stock has risen 80%.
Some other moves which weren't as profitable as the others, but just as strange.
On 11/8/2021, Crenshaw bought stock in Tesla.
On 11/12/2021, he sold stock in Tesla.
On 11/12/2021, he bought stock in Tesla again.
On 11/16/2021, he sold stock in Tesla again.
If you want to track all of Crenshaw's trades, and keep up with new moves, check out our congressional trading dashboard: quiverquant.com/congresstradin…
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Before this week’s meltdown of Silicon Valley Bank, at least 8 members of Congress had already sold bank stocks in 2023, amounting to over $1M in total sales.
Here are some of the most significant trades that we saw following this trend at the start of the year 👇
Senator Thomas Carper sold his whole position in the SPDR S&P Bank ETF ( $KBE ) on March 1st.
Carper sits on the Senate Committee on Finance.
Rep. Scott Franklin sold up to $100K in JP Morgan stock ( $JPM ) on February 15th.