• [Insider trading...] Pelosi raked in millions last year - and her portf

    From Leroy N. Soetoro@21:1/5 to All on Sat Jun 21 18:15:08 2025
    XPost: alt.true-crime, alt.politics.usa.congress, sac.politics
    XPost: alt.society.liberalism, alt.fan.rush-limbaugh

    https://nypost.com/2025/06/21/us-news/pelosi-added-millions-to-net-worth- last-year-report/

    She might be the She-Wolf of Wall Street.

    Rep. Nancy Pelosi (D-California) raked in between $7.8 and $42.5 million
    in 2024 — meaning her estimated net worth with venture capitalist hubby
    Paul Pelosi could now top out at $413 million, new financial disclosures showed.

    The staggering sum is an eye-popping jump from 2023, when financial
    disclosures showed the couple’s net worth topping out at a possible $370 million.

    Pelosi’s exact net worth is not known because lawmakers are only required
    to disclose ranges.

    Market research firm Quiver Quantitative, which estimates a single figure
    based on daily stock values it tracks, placed the pair’s 2024 worth at
    $257 million — up $26 million from a year earlier.

    But the value of their various other ventures — which include but are not limited to a Napa Valley winery, ownership in a political data and
    consulting firm and a stake in a Bay area Italian restaurant — mean
    Pelosi’s worth could be far higher in the estimated range.

    A large chunk of the couple’s fortune has come from a sizable stock
    portfolio and timely trades, all done in Paul Pelosi’s name.

    The former House Speaker, who’s so infamous for trading Missouri Rep. Josh Hawley named a bill after her, and her husband dumped 5,000 shares of
    Microsoft stock worth an estimated $2.2 million in July — one of their
    largest sales in three years — a few short months before the FTC announced
    an antitrust investigation into the tech giant.

    They also sold 2,000 shares — worth an estimated $525,000 — of Visa stock,
    less than three months before the credit card company was hit with a DOJ monopoly lawsuit.

    Their best trade though might have been exercising a call option in
    December they bought in late 2023 at an estimated premium of $1.8 million, allowing them to nab 50,000 shares of hot AI chip stock NVIDIA for $12 a
    pop — less than one tenth of its market price.

    In total the couple paid an estimated $2.4 million for the investment,
    which on paper is now worth more than $7.2 million.

    NVIDIA wasn’t their only AI play of 2024.

    The couple also paid between $600,000 and $1.25 million for a call option
    on California cybersecurity company Palo Alto Networks in February, the
    same week it was revealed the White House briefed lawmakers on a serious national security threat related to Russia.

    The shares rose close to 20% in the days after the move.

    The option allowed the pair to scoop up 14,000 shares of Palo Alto in
    December at a $100 strike price — half its trading value. The company has
    been crushing earnings over the past year and the investment is now worth around $2.8 million.

    But the Queen of Stocks did suffer one setback — when she and Paul Pelosi ditched 2,500 shares of former Department of Government Efficiency boss
    Elon Musk’s Tesla in June, losing somewhere between $100,000 and $1
    million on the trade.

    In all, their investment portfolio pulled in an estimated 54% return in
    2024, more than double the S&P 500’s 25% gain — and beating every large
    hedge fund, according to numbers in Bloomberg’s end-of-year tally of hedge funds’ returns.

    The formidable profits come amid growing calls to ban Congress from
    trading individual stocks, arguing lawmakers have access to market-moving information ahead of the public.

    Pelosi in the past rejected calls for a ban, stating “we’re a free-market economy.”

    She has since softened her stance in the face of growing criticism. When
    asked in May whether Congress should pass a trading ban, she replied, “If
    they do, they do.”

    “Speaker Pelosi does not own any stocks, and she has no prior knowledge or subsequent involvement in any transactions,” a spokesperson told The Post.

    The couple is already off to a rocking 2025.

    In January, they bought call options for then-little-known artificial intelligence health firm, Tempus AI, which has since inked a $200 million
    deal with AstraZeneca and doubled its stock price.

    The couple also took out call options for energy company Vistra — whose
    stock climbed last month after it unveiled a massive $1.9 billion deal to acquire natural gas facilities across the country from a private equity
    firm, citing rising US power demand.


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  • From Siri Cruz@21:1/5 to Leroy N. Soetoro on Sat Jun 21 16:02:55 2025
    XPost: alt.true-crime, alt.politics.usa.congress, sac.politics
    XPost: alt.society.liberalism, alt.fan.rush-limbaugh

    On 21/6/25 11:15, Leroy N. Soetoro wrote:
    She might be the She-Wolf of Wall Street.

    What is she doing in the House?

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