Former House Speaker Nancy Pelosi holds a significantly profitable position in Nvidia (NASDAQ:NVDA) stock, according to analysts who track the trading of members of Congress and their families.
Unusual Whales, a financial services platform that focuses on, among other things, insider trading in Congress, said Wednesday that Pelosi made nearly $4 million in gains from Nvidia stock options that her husband, Paul Pelosi, had purchased in November. These call options allow investors to purchase shares at a predetermined price.
“She’s up +210% in 197 days and still hasn’t sold her calls. Pelosi made twenty times her salary,” wrote Unusual Whales on X. “Her portfolio is near all-time highs, up 93 percent. »
Christopher Josephs, co-founder of Autopilot, an app that tracks and reflects politicians’ transactions, told FOX Business that while it is difficult to determine the exact amount of Pelosi’s initial investment due to the broad range of $1 million to $5 million in the filing, Unusual Whales’ numbers appear accurate.
“This year, the Pelosi portfolio not only has a winner in Nvidia, but its other stocks have also performed well, including CrowdStrike Holdings Inc (NASDAQ: CRWD), up 45% year to date, and Google ( NASDAQ:GOOGL). ), which is up 27% year to date,” Josephs told FOX.
“We estimate its year-to-date performance, based on its stock filings, to be 28%, which outperforms the SPY of 16.5%.”
When asked for comment, a spokesperson for Rep. Pelosi said, “Speaker Pelosi does not own any shares and has no prior knowledge or subsequent involvement in any transaction.” » FOX Business has also reached out to Paul Pelosi seeking comment.
The statement from Pelosi’s office is nearly identical to one provided by the former president’s communications director to FOX News Digital in 2022, when one of her husband’s Nvidia trades came under scrutiny .
That year, Paul Pelosi acquired more than $1 million in Nvidia stock options just weeks before a Congressional vote on providing substantial subsidies to the chipmaking industry. He sold them after she was criticized over the timing of transactions.
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