Nancy Pelosi's financial prowess continues to draw attention as her investment portfolio performance raises eyebrows on Capitol Hill.
According to The Daily Caller, the former House Speaker's stock portfolio achieved a staggering 70.9% return between December 2023 and December 2024, significantly outperforming the S&P 500's 24.9% gain during the same period.
The impressive performance follows her equally remarkable 2023 results, where she secured a 65.5% return compared to the S&P 500's 24.8%.
Her investment success has surpassed many established hedge funds, including Citadel and Discovery Capital, as well as Warren Buffett's Berkshire Hathaway, which recorded a 27.1% return in 2024.
Paul Pelosi, Nancy's investment banker husband, executes all trades on her behalf. His strategy primarily focuses on purchasing call options in major technology companies after price dips.
This approach proved particularly successful in 2024, with investments in Nvidia yielding a 273% return and Palo Alto Networks contracts gaining 93% as of January 7.
The former Speaker's office maintains distance from these investment decisions. A spokesperson for Pelosi addressed the matter, stating:
Speaker Pelosi does not own any stocks, and she has no prior knowledge or subsequent involvement in any transactions.
The couple's trading history includes notably well-timed moves, such as selling over $1.5 million worth of Alphabet stock shortly before the Department of Justice announced an antitrust lawsuit against the tech giant.
The extraordinary returns have intensified discussions about congressional stock trading. Republican Senator Josh Hawley introduced the Preventing Elected Leaders from Owning Securities and Investments (PELOSI) Act in January 2023, aiming to restrict congressional stock trading.
Hawley expressed his concerns about the current system, stating:
For too long, politicians in Washington have taken advantage of the economic system they write the rules for, turning profits for themselves at the expense of the American people.
While Pelosi has consistently denied insider trading allegations, she has shifted her stance on trading restrictions. After initially opposing such measures, she later supported the 2023-2024 Ending Trading and Holdings in Congressional Stocks (ETHICS) Act ahead of the 2022 midterm elections.
Nancy Pelosi's remarkable investment success in 2024 has once again highlighted the ongoing debate about congressional stock trading. Her portfolio's performance, managed by her husband Paul through strategic technology sector investments, has consistently outperformed major market indices and professional investors.
As discussions about potential reforms continue, the spotlight remains on the intersection of political power and personal investment activities, with proposed legislation aimed at addressing these concerns still pending consideration.
