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Jun 20 8 tweets 3 min read Twitter logo Read on Twitter
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: Image
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%. Image
Crenshaw also purchased stock in SPX Technologies, $SPXC, at the low point of the COVID crash.

Since then, the stock has risen 202%. Image
Crenshaw bought Facebook stock, $META, on October 25th, 2022.

Since then, the stock has risen 104%. Image
Crenshaw sold his Rivian stock, $RIVN, on December 23rd, 2021.

Since then, the stock has fallen 84%. Image
Crenshaw bought stock in Wynn Resorts, $WYNN, on October 25th, 2022.

Since then, the stock has risen 80%. Image
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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More from @QuiverQuant

Jun 20
We built an algorithmic trading strategy that mimics trading by U.S. politicians.

It has beaten the market by over 14% so far this quarter.

Since the strategy went live last year, it has beaten the market by 34%.

Here's a thread of its current largest holdings: Image
32% of the portfolio is in NGL Energy, $NGL.

Representative Mark Green bought up to $250K of $NGL on March 24th.

$NGL is up 58% since.
13% of the portfolio is in Ford, $F.

This position was opened last month, when Senator Tommy Tuberville bought up to $350K of the stock.

It has risen over 20% since.
Read 8 tweets
Jun 15
Yesterday, we posted this wild clip of Congressman Daniel Meuser arguing that the government isn’t doing enough to serve banks.

Today, we’re posting a look into his personal financial ties to the banking sector. 👇
First, a look at campaign contributions.

Goldman Sachs was the 5th largest donor to Meuser’s 2022 campaign committee.

The American Banking Association was the 9th largest donor.
Next, looking at personal stock holdings, Meuser appears to hold:

⁃ Up to $195K of PNC Bank stock ( $PNC )

⁃ Up to $175K of Visa stock ( $VISA )

⁃ Up to $75K of Wells Fargo stock ( $WFC )

⁃Up to $65K of JP Morgan stock ( $JPM )
Read 9 tweets
Jun 6
U.S. Representative Josh Gottheimer has traded up to $43M of stock and options in the last year.

He sits on the House Subcommittee on Investor Protection.

Here are his top five most well-timed stock purchases so far in 2023: Image
Gottheimer purchased Nvidia stock, $NVDA, on March 6th.

The stock has risen 89% since. Image
Gottheimer purchased Facebook stock, $META, on January 31st.

The stock has risen 84% since. Image
Read 6 tweets
Mar 14
As the bank crisis unfolded this week - many bank executives took the opportunity to buy up stock in their own company at a discount.

Below is a thread showing examples of this trading 👇
The CEO of Metropolitan Bank ( $MCB ) bought ~$500K of stock in his company yesterday.

The stock is up over 140% from its lowest point yesterday.
The Chairman and CEO of Customers Bank ( $CUBI ) bought ~$500K of stock in his company yesterday as well.

The stock is up over 125% from its lowest point yesterday.
Read 8 tweets
Mar 13
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.

He also sold up to $50K of $PNC on the same day.
Read 8 tweets
Nov 10, 2022
This year in Q3 we tracked more than 40,000 insider stock transactions through scraping SEC Form-4s.

Here are a few stocks which had particularly strong insider buying activity last quarter...
$MEDP - Medpace Holdings, Inc

More than $150 million (~3% of the market cap) in net insider purchases throughout September with the stock trading in the $140-160$ range.

After a strong Q3 earnings report late last month, shares have risen to around $215 today. Image
$ET - Energy Transfer LP

Net purchases for the stock totaled $67+ million (~0.2% of the market cap) with multi-million dollar purchases from both the CEO and CFO.

The stock has weathered recent volatility well, returning more than 12% since the end of Q3, and about 50% YTD. Image
Read 6 tweets

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