The State of Insider Trading 2025 is live.
S&P 500*: 18.09%. Top returns in this report’s sample: Meuser 25.9%, Pelosi 25.4%, Greene 24.2%.
Thank you to everyone following @GovStockTracker and sending filings, corrections, and tips throughout the year.
Special thanks to @QuiverQuant, @unusual_whales, and @joinautopilot for making high quality market and congressional trading data accessible and easier to analyze.
Additional thanks to @BeatTheInsider for the support, ideas and for partnering on something new that will be released soon.
*As of December 26.
tryglasshouse.ai/state-of-in…
$TJX? A department store? 😭
1,856
Who would have thought, right?
Breaking: Michael Burry digs into Broadcom’s deal with Anthropic and finds a problem
Burry found:
• Broadcom promised Anthropic $161B of computer gear
• Broadcom passed some risk to insurance companies
• This is how companies hide debt as a deal gets bigger
Burry also found $AVGO is lending Anthropic $42B on top of the $161B it’s already owed, so he has no plans to buy Anthropic stock when it IPOs next week
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Rep. Gilbert Cisneros (D-CA-31) disclosed purchases and sales of publicly traded stocks in his latest financial disclosure, filed November 10, 2026. The transactions were conducted through the 150 Main Street Trust.
Stocks Bought
$ARE (Alexandria Real Estate Equities, Inc.) – Purchased on 10/20/2026
$LNT (Alliant Energy Corporation) – Purchased on 10/20/2026
$ARGX (argenx SE) – Purchased on 10/14/2026, 10/15/2026, 10/27/2026
$BNS (Bank of Nova Scotia) – Purchased on 10/09/2026
$BBIO (BridgeBio Pharma, Inc.) – Purchased on 10/27/2026, 11/02/2026
$CF (CF Industries Holdings, Inc.) – Purchased on 10/20/2026
$CSCO (Cisco Systems, Inc.) – Purchased on 10/20/2026
$CMS (CMS Energy Corporation) – Purchased on 10/20/2026
$CMCSA (Comcast Corporation) – Purchased on 10/20/2026
$EIX (Edison International) – Purchased on 10/20/2026
$LLY (Eli Lilly and Company) – Purchased on 10/20/2026
$FIS (Fidelity National Information Services, Inc.) – Purchased on 10/20/2026
$FOXA (Fox Corporation) – Purchased on 10/20/2026
$PODD (Insulet Corporation) – Purchased on 10/20/2026
$LITE (Lumentum Holdings Inc.) – Purchased on 10/20/2026
$MTSI (MACOM Technology Solutions Holdings, Inc.) – Purchased on 10/27/2026
$META (Meta Platforms, Inc.) – Purchased on 10/09/2026
$MBGL (Mobility Global Inc.) – Purchased on 10/15/2026
$MRNA (Moderna, Inc.) – Purchased on 10/20/2026
$MRAAF (Murata Manufacturing Co., Ltd.) – Purchased on 10/08/2026
$ON (ON Semiconductor Corporation) – Purchased on 10/14/2026
$NOW (ServiceNow, Inc.) – Purchased on 10/21/2026
$SNEJF (Sony Group Corporation) – Purchased on 10/14/2026
$SARO (StandardAero, Inc.) – Purchased on 10/14/2026
$STRC (Strategy Inc., Series A Preferred Stock) – Purchased on 06/05/2026 (amended transaction)
$COO (The Cooper Companies, Inc.) – Purchased on 10/14/2026
$WFC (Wells Fargo & Company) – Purchased on 10/20/2026
Stocks Sold
$APP (AppLovin Corporation) – Sold (partial) on 10/14/2026; Sold (full) on 10/20/2026
$BNPQF (BNP Paribas SA) – Sold (full) on 10/13/2026
$CMG (Chipotle Mexican Grill, Inc.) – Sold (full) on 10/20/2026
$CIEN (Ciena Corporation) – Sold (full) on 10/21/2026
$CINF (Cincinnati Financial Corporation) – Sold (full) on 10/20/2026
$CTVA (Corteva, Inc.) – Sold (partial) on 10/14/2026
$ENGQF (ENGIE SA) – Sold (full) on 10/13/2026
$HD (The Home Depot, Inc.) – Sold (partial) on 10/06/2026
$ILMN (Illumina, Inc.) – Sold (partial) on 10/27/2026
$LNTH (Lantheus Holdings, Inc.) – Sold (partial) on 10/14/2026; Sold (full) on 10/15/2026
$MICR (Micron Solutions, Inc.) – Sold (partial) on 10/21/2026
$NVDA (NVIDIA Corporation) – Sold (partial) on 10/20/2026
$PTC (PTC Inc.) – Sold (partial) on 10/27/2026
$O (Realty Income Corporation) – Sold (partial) on 10/20/2026
$RVTY (Revvity, Inc.) – Sold (partial) on 10/27/2026
$STRC (Strategy Inc., Series A Preferred Stock) – Sold (full) on 10/15/2026
$TTD (The Trade Desk, Inc.) – Sold (full) on 10/20/2026
$TKO (TKO Group Holdings, Inc.) – Sold (full) on 10/06/2026
$TOELF (Tokyo Electron Limited) – Sold (partial) on 10/23/2026; Sold (full) on 10/30/2026
$UBER (Uber Technologies, Inc.) – Sold (full) on 10/20/2026
$WBD (Warner Bros. Discovery, Inc.) – Sold (full) on 10/07/2026
$CPB (The Campbell's Company) – Sold (full) on 10/20/2026
Context
Several transactions overlap with sectors relevant to Cisneros's committee assignments.
Armed Services: Purchases of SARO, MTSI, CSCO, LITE, ON, and MRAAF involve aerospace, defense-related technology, communications, or electronic components relevant to military procurement.
Intelligence and Special Operations: Transactions involving NVDA, META, and CIEN concern AI, computing, and communications technologies with intelligence applications.
Small Business: FIS, NOW, and PTC operate in business technology and enterprise services relevant to federal contracting.
These transactions overlap with sectors under his committees' jurisdiction, but the disclosure does not establish that they were motivated by committee work.
Disclaimer
AI-generated analysis. Verify all information manually.
WE'RE BACK. 😭
After nearly 3 weeks of fighting with the Senate's upgraded security, I finally got our disclosure fetcher working again.
You can't stop us from tracking your trades. 👀
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John McGuire's disclosure:
🚨Political Trade Alert🚨
Rep. John McGuire has released a new financial disclosure.
Highlights:
Sold $WDC Western Digital Corp. $1k - $15k
Rep. Nancy Pelosi (CA-11) has disclosed a transaction involving publicly traded stock in her latest financial disclosure, filed November 6, 2026. The transaction was reported under her spouse's holdings.
Stocks Bought
None
Stocks Sold
$WBD (Warner Bros. Discovery, Inc.) – Sold (full or partial unspecified) on 10/07/2026
Transaction value: $50,001–$100,000
Context
The filing identifies the transaction as cash proceeds from the Warner Bros. Discovery merger with Paramount Skydance, rather than an ordinary discretionary stock sale.
Pelosi currently has no committee assignments, so none of the transactions appear related to her committee work.
Disclaimer
AI-generated analysis. Verify all information manually.
Rep. Josh Gottheimer (NJ-05) disclosed new activity in publicly traded stocks in his latest financial disclosure, filed November 5, 2026. The report includes two purchases and one sale, all held in a joint Morgan Stanley account.
Stocks Bought
$AMAT (Applied Materials, Inc.) – Purchased on 10/26/2026
$BHE (Benchmark Electronics, Inc.) – Purchased on 10/12/2026
Stocks Sold
$TLK (PT Telekomunikasi Indonesia Tbk) – Sold (full or partial unspecified) on 10/15/2026
Context
$AMAT and $BHE: Both operate in semiconductor-related industries, directly connecting these purchases to Gottheimer's work on the House Intelligence Committee, particularly defense technology and national security.
$TLK: Telecommunications infrastructure overlaps with the Intelligence Committee's NSA and Cyber Subcommittee, directly connecting this sale to his committee work.
Disclaimer
AI-generated analysis. Verify all information manually.
Rep. Maria Elvira Salazar (FL-27) has filed her latest financial disclosure, reporting five transactions involving publicly traded stocks on October 23, 2026. The transactions include three purchases and one sale across three companies, with NVIDIA and Procter & Gamble purchased in two separate accounts.
Stocks Bought
$NVDA (NVIDIA Corporation) – Purchased on 10/23/2026 (2 transactions, $1,001–$15,000 each)
$PG (The Procter & Gamble Company) – Purchased on 10/23/2026 (2 transactions, $1,001–$15,000 each)
Stocks Sold
$CSCO (Cisco Systems, Inc.) – Sold (full or unspecified) on 10/23/2026
Context
$NVDA and $CSCO: Both operate in technology sectors involving cybersecurity, AI, and national security, directly tied to Salazar's work on the House Foreign Affairs Committee.
$PG: Its international operations overlap with foreign trade policy overseen by the Foreign Affairs Committee.
Disclaimer
AI-generated analysis. Verify all information manually.
Rep. Robert E. Latta (R-OH-05) has filed his latest financial disclosure, reporting a purchase of publicly traded stock. The transaction involved Farmers & Merchants Bancorp and was executed through dividend reinvestment.
Stocks Bought
$FMAO (Farmers & Merchants Bancorp, Inc.) – Purchased on 10/20/2026
Transaction value: $1,001–$15,000
Transaction type: Dividend reinvestment
Stocks Sold
None
Context
Rep. Latta serves on the House Energy and Commerce Committee, including the Communications and Technology, Energy, and Environment subcommittees.
Farmers & Merchants Bancorp ($FMAO) is a regional banking company operating primarily in financial services.
Its core banking activities do not directly overlap with Latta's committee assignments. Although the Energy and Commerce Committee has jurisdiction over certain commercial and consumer protection matters, this filing does not establish a direct connection between the purchase and his committee work.
The filing also identifies the purchase as a dividend reinvestment, rather than a conventional discretionary stock purchase.
Disclaimer
AI-generated analysis. Verify all information manually.
Pretty accurate
The next time someone tells you that markets are rational remember that in 2026 pretty much every company simultaneously announced that they were going to borrow a quadrillion dollars to build 420 data centers in six months with chips they didn’t have powered by electricity they couldn’t get from turbines that weren’t built sent through transmission lines that didn’t exist and everybody was like “Cool, cool. Sounds good. Solid plan.”
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3,700
Rep. Ann Wagner (MO-02) disclosed a partial sale of a certificate of deposit issued by American Express National Bank, a subsidiary of publicly traded American Express Company ($AXP).
Other Transactions
$AXP (American Express Company) – Certificate of Deposit (CD)
Transaction: Partial sale
Date: 10/20/2026
Amount: $100,001–$250,000
Ownership: Joint, through Fidelity Trust
Context
Rep. Ann Wagner serves on the House Financial Services Committee, including its Capital Markets and Oversight and Investigations subcommittees.
American Express National Bank operates in the financial services sector, which falls within her committee's jurisdiction. This transaction therefore has a direct sector overlap with her committee responsibilities.
Notably, the disclosed transaction involved up to $250,000 in a banking instrument issued by an American Express subsidiary, rather than American Express shares. The filing does not establish that the sale was undertaken because of her committee work.
Disclaimer
AI-generated analysis. Verify all information manually.
Rep. John J. McGuire III (R-VA-05) disclosed four transactions involving publicly traded stocks in his latest financial disclosure, signed November 1, 2026. The filing includes three purchases of Micron Technology and one partial sale of Broadcom, all reported in a spouse-owned retirement account.
Stocks Bought
$MU (Micron Technology, Inc.) – Purchased on 09/24/2026
$MU (Micron Technology, Inc.) – Purchased on 09/25/2026
$MU (Micron Technology, Inc.) – Purchased on 10/01/2026
Stocks Sold
$AVGO (Broadcom Inc.) – Sold (partial) on 09/24/2026
Context
Both companies operate in sectors directly relevant to McGuire's committee assignments.
$MU (Micron Technology): The three purchases are directly tied to McGuire's work on the House Armed Services Committee, particularly the Cyber, Information Technologies, and Innovation Subcommittee. Micron manufactures memory semiconductors used in military computing, artificial intelligence, cybersecurity infrastructure, and advanced defense systems.
The transactions are also directly connected to his role on the Oversight and Government Reform Committee's Cybersecurity, Information Technology, and Government Innovation Subcommittee.
$AVGO (Broadcom): The partial sale is directly tied to McGuire's work on both the Armed Services and Oversight and Government Reform committees. Broadcom develops semiconductors and networking technologies used in data centers, telecommunications, cybersecurity infrastructure, and defense-related applications.
Its enterprise infrastructure and cybersecurity businesses are particularly relevant to the committees' oversight of federal information technology and military technology.
All four transactions have clear sector overlap with McGuire's committee responsibilities. However, this overlap does not establish that committee work influenced the investment decisions.
Disclaimer
AI-generated analysis. Verify all information manually.
Rep. Thomas H. Kean Jr. (R-NJ-07) disclosed six transactions involving publicly traded stocks in his latest financial disclosure, signed October 30, 2026. The filing includes two purchases and four partial sales, each valued between $1,001 and $15,000.
Stocks Bought
$ESAB (ESAB Corporation) – Purchased on 09/29/2026
$TXN (Texas Instruments Incorporated) – Purchased on 09/17/2026
Stocks Sold
$ABT (Abbott Laboratories) – Sold (partial) on 09/17/2026
$JNJ (Johnson & Johnson) – Sold (partial) on 09/30/2026
$MDLZ (Mondelez International, Inc.) – Sold (partial) on 09/23/2026
$SYK (Stryker Corporation) – Sold (partial) on 09/30/2026
Context
All six transactions involve sectors within the jurisdiction of Kean's House Energy and Commerce Committee.
$ESAB: The purchase is directly tied to the committee's Commerce, Manufacturing, and Trade Subcommittee, given ESAB's industrial manufacturing and welding technology operations.
$TXN: The purchase is directly tied to the committee's Communications and Technology and Commerce, Manufacturing, and Trade responsibilities, given Texas Instruments' semiconductor manufacturing operations.
$ABT, $JNJ, $SYK: These three sales are directly connected to Kean's work on the Health Subcommittee, which oversees matters affecting medical devices, pharmaceuticals, and healthcare products.
$MDLZ: The sale is directly tied to the Energy and Commerce Committee's oversight of food safety and FDA-regulated products.
Important disclosure detail: The filing explicitly states that third-party advisors initiated and executed the transactions without input from Rep. Kean. The committee connections establish jurisdictional overlap, not evidence that the transactions were influenced by committee work.
Disclaimer
AI-generated analysis. Verify all information manually.
Sen. Richard Blumenthal (D-CT) disclosed multiple stock sales in his latest financial disclosure, filed October 26, 2026.
Stocks Bought
None
Stocks Sold
$STLN (Starling Oncology, Inc.) – Sold (partial) on 09/18/2026, 09/22/2026, and 09/23/2026
Context
Blumenthal serves as Ranking Member of the Senate Veterans' Affairs Committee, which oversees veterans' healthcare, including cancer treatment.
Starling Oncology operates in the oncology sector, making these transactions directly related to the healthcare responsibilities of his committee.
The filing reports 11 separate partial sales of $STLN, all attributed to his spouse.
Disclaimer
AI-generated analysis. Verify all information manually.
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