Nancy Pelosi Stock Trades 2026: Complete Tracker and Performance Analysis

Nancy Pelosi Stock Trades 2026: Complete Tracker

Nancy Pelosi is the most-searched congressional trader in the United States, with millions of retail investors tracking every STOCK Act disclosure filed by or on behalf of the former Speaker of the House. Most trades are executed by her husband, Paul Pelosi, a venture capitalist and real estate investor, but all trades must be disclosed under the Stop Trading on Congressional Knowledge (STOCK) Act. This page tracks all disclosed trades, analyzes performance versus the S&P 500, and provides context for the ongoing debate about congressional stock trading.

Who Is Filing These Trades?

Under the STOCK Act, members of Congress and their immediate family members must disclose stock trades over $1,000 within 45 days of the transaction (or 30 days after the annual financial disclosure deadline, whichever is later). The trades attributed to Nancy Pelosi in public records are primarily executed by Paul Pelosi through his investment firm, Financial Leasing Services.

This is important context: Paul Pelosi is an active investor with a long career in venture capital and real estate. His trades reflect his own investment strategy, but because they must be disclosed under Nancy Pelosi's STOCK Act obligations, they appear in congressional trade databases under her name.

Pelosi's Most Notable Trades by Year

Technology and Semiconductor Focus

The Pelosi portfolio has consistently shown concentration in technology stocks, particularly semiconductors. Notable disclosed positions have included Nvidia, Apple, Microsoft, Alphabet, and various semiconductor companies. The timing of several trades relative to legislation affecting the technology sector has drawn significant public scrutiny.

Key Trade Timeline

Why Portfolio Performance Cannot Be Precisely Measured

A persistent challenge in analyzing any congressional portfolio, including the Pelosi disclosures, is that the STOCK Act requires transaction reporting only, not portfolio valuation or returns. That means no verifiable, audited performance figure for the Pelosi portfolio exists in the public record.

Any percentage return you see quoted for the Pelosi portfolio is an outside estimate reconstructed from disclosed positions and public price data, subject to several structural unknowns:

• Trades are disclosed in dollar ranges, not exact amounts, so position sizing is uncertain
• The disclosed account (Financial Leasing Services) may not represent total household holdings
• Options positions require assumptions about premium prices and exercise behavior to value
• Entry and exit dates are known only to the resolution of the disclosure window

For these reasons, this page does not publish a reconstructed return figure. Instead, Meridian focuses on what the disclosures actually document: which tickers were traded, when, in what direction, and how those filings line up in time with other signals.

The CHIPS Act Controversy

The most widely cited example of potential legislative-trading correlation involves Nvidia call options purchased in late 2021 before the CHIPS and Science Act discussions became public, and again in early 2022 as the bill advanced through Congress. Nancy Pelosi served as Speaker of the House during the period when the CHIPS Act moved through the legislative process.

Important caveats the public discourse often omits:

1. The CHIPS Act was widely anticipated by the technology industry for over a year before its passage
2. Nvidia and semiconductor stocks were already the subject of significant institutional interest independent of the legislation
3. Paul Pelosi's investment history in technology stocks predates Nancy Pelosi's congressional service
4. No investigation by the SEC or Justice Department has found evidence of illegal trading based on material non-public information

The controversy is primarily about the appearance of a conflict of interest, not documented evidence of illegal insider trading.

How to Track Pelosi Trades in Real-Time

Using Meridian

1. Go to meridianfin.io and navigate to the Congress Trades section
2. Search for "Pelosi" in the representative filter
3. Set the date range to see all recent disclosures
4. Enable the Confluence overlay to see if any Pelosi trades coincide with dark pool anomalies or other congressional members buying the same ticker
5. Set up real-time alerts to be notified within minutes of a new STOCK Act filing

Using STOCK Act Direct Filings

1. Go to disclosures.house.gov for House member financial disclosures
2. Search by member name for all annual financial disclosure reports and periodic transaction reports (PTRs)
3. PTRs are filed within 45 days of the transaction and are the most timely source

Using Capitol Trades

Capitol Trades (capitoltrades.com) provides free access to all STOCK Act disclosures with a search interface. Filter by representative name to see Pelosi-attributed trades.

Why Pelosi Trades Attract So Much Attention

Why Congressional Trades Draw Interest

Congressional trading became an academic subject after research on a pre-STOCK-Act Senate sample documented abnormal returns (see the Ziobrowski study referenced below), which is part of why disclosures are now tracked so closely. Whatever the aggregate picture, member-level behavior varies widely, and high-profile members attract disproportionate attention.

High-profile members like Nancy Pelosi attract disproportionate attention because:

• She held the most powerful legislative position in the House for multiple terms
• Paul Pelosi executes frequent, large, and often option-based trades that generate significant media coverage
• The technology sector focus of the Pelosi portfolio coincides with sectors most directly affected by legislation she influenced

The STOCK Act and Its Limitations

The STOCK Act of 2012 was intended to prevent congressional insider trading by requiring disclosure of trades. However, several structural limitations reduce its effectiveness:

Congressional Trading Reform Context

Multiple STOCK Act reform bills have been introduced in both chambers since 2020, including proposals to:

• Require members and immediate family to place holdings in blind trusts
• Reduce the disclosure window from 45 days to 5-10 days
• Increase penalties for violations substantially
• Bar members from trading in sectors covered by their committee assignments

As of 2026, no comprehensive reform bill has passed both chambers, though public pressure for reform remains high.

How Meridian Uses Pelosi and Congressional Data

Meridian does not treat all congressional trades equally. Our conviction scoring system accounts for:

1. Committee relevance: Does the member sit on a committee that regulates the sector they are trading?
2. Transaction size: Larger transactions relative to disclosed net worth suggest higher conviction
3. Timing relative to legislation: Is there a pending bill affecting the traded sector?
4. Convergence: Are other members also buying the same ticker around the same time?
5. Dark pool confirmation: Is there unusual institutional dark pool activity in the same stock?

A Pelosi disclosure that coincides with unusual dark pool volume in the same ticker and purchases by 3+ other committee members is treated very differently from a routine portfolio rebalancing transaction.

Live Pelosi Trades Tracker

For the most current Pelosi stock trade disclosures, visit the Meridian Congress Trades dashboard. Meridian processes new STOCK Act filings as they appear in the House disclosure database and sends alerts to subscribed users within minutes of new filings.

The tracker shows:

• All disclosed transactions by date
• Ticker, transaction type (buy/sell), and amount range (STOCK Act uses ranges, not exact amounts)
• Cross-reference against concurrent dark pool activity
• Historical trade timeline with the disclosed ticker, direction, and amount range

Performance Methodology and Limitations

Publicly available performance estimates for the Pelosi portfolio carry important caveats:

1. STOCK Act discloses ranges ($1K-$15K, $15K-$50K, $50K-$100K, $100K-$250K, $250K-$500K, $500K-$1M, $1M-$5M, $5M-$25M, $25M+), not exact dollar amounts
2. The disclosed portfolio represents one account (Financial Leasing Services); other assets may not be disclosed
3. Options trades (calls and puts) are disclosed but calculating their actual P&L requires assumptions about premium prices and exercise behavior
4. The estimated $50M+ portfolio value is based on the midpoints of disclosed ranges; actual value could be substantially higher

Frequently Asked Questions

Q: How do I track Nancy Pelosi's stock trades in real-time?
A: The fastest method is Meridian's Congress Trades dashboard, which processes STOCK Act filings within minutes and sends alerts. Free alternatives include Capitol Trades (free, slightly delayed) and the House Financial Disclosures website (disclosures.house.gov) which publishes raw PTR filings.

Q: Are Nancy Pelosi's stock trades actually illegal?
A: No investigation has found evidence of illegal insider trading by the Pelosi family. The controversy centers on the appearance of conflict of interest given the timing and sector focus of trades relative to legislation, not on documented use of material non-public information.

Q: Has Nancy Pelosi outperformed the S&P 500?
A: There is no verifiable answer, because the STOCK Act requires disclosure of transactions in dollar ranges, not portfolio valuations or returns. Any outperformance figure quoted online is an outside reconstruction from disclosed positions, not an audited result. What the disclosures do show is a portfolio heavily concentrated in technology and semiconductors; how that concentration actually performed cannot be calculated precisely from the public filings.

Q: Who actually makes the Pelosi stock trades?
A: Trades are primarily executed by Paul Pelosi through his investment firm Financial Leasing Services. Nancy Pelosi is required to disclose them under STOCK Act obligations because Paul Pelosi is her spouse.

Q: What is the best app or website to follow Pelosi trades?
A: Meridian provides the most comprehensive tracking with real-time alerts and cross-source confluence analysis. Capitol Trades is the best free option. The House Financial Disclosures website (disclosures.house.gov) is the authoritative primary source.

Q: How many trades has Pelosi disclosed in total?
A: Meridian tracks all STOCK Act disclosures in the congress database. The number of disclosures varies year to year based on Paul Pelosi's activity level. Years with significant technology sector activity (2021, 2023) typically see more frequent filings.

Q: Can I copy Pelosi's trades as an investment strategy?
A: The 45-day disclosure delay means copycat strategies are always acting on stale information. By the time a disclosure is public, any informational edge it once carried may already be priced in. Rather than treating a single disclosure as a trade signal, the more useful approach is to combine congressional data with real-time dark pool and insider signals to see whether institutional money is moving in the same name concurrently.