June 9th - 30th Update

Blog Post #3

Hello everyone!

We’ve now moved the cadence for both the blog and the podcast to bi-weekly as there has not been enough data to go through for a weekly update.

Welcome to our bi-weekly written update, where we share the latest security transactions reported by US House and Senate representatives! 

All of our data is pulled from Senate Stock Watcher and House Stock Watcher. And check out our podcast for further discussion! 

Between June 9th and June 30th, Congresspeople disclosed a total of 150 transactions, with the majority of transactions occurring between late April and mid June. There were 91 purchases, 29 full sales, 26, partial sales, and 4 exchanges. 

The total dollar amount traded was about $7,404,149. $6,401,090 in purchases,  $447,029 in full sales, $54,026 in partial sales, and $502,004 in exchanges. 

The dollar amount spent on purchases accounts for 86% of the total amount!! This is staggering, considering only representatives reported only $4,197,169 in purchases for the entire month of May!

Senate Disclosures

Thomas Tuberville, a Republican Senator from Alabama and former head football coach of Auburn University, reported 7 transactions from May 2022. He jointly purchased between 300,000 and 600,000 dollars in PayPal stock. On May 31st, he purchased 100,000-250,000 dollars in United States Steel Corporation Common Stock, while also selling one 30 dollar call option and one 23 dollar put option for 15,000-30,000 dollars each in the US Steel Corporation. The stock’s value was 25 dollars on May 31st, but has fallen to under 20 dollars since June 16th. 

Mitch McConnell, the Republican Senate Minority Leader from Kentucky, reported one transaction this week. His spouse made a dividend reinvestment of Wells Fargo stock of between 1,000 and 15,000 dollars. 

Republican Rick Scott of Florida is continuing his municipal security spending spree. Senator Scott’s spouse purchased a revenue bond valued between 500,000 and 1 Million Dollars for Lee County, Florida Health Care Facilities, with a rate of 5.75% and it matures in October 2042 (20 years). 

House Disclosures

Democrat Alan Lowenthal of California reported 17 transactions from May 7th through June 15th, all of which involved his IRA and Revocable Trust accounts. All but one trade was made in the 1,000 to 15,000 dollar range. He reported two exchanges of International Flavors and Fragrances stock and two fulls sales of General Motors and Equinox Inc.

Republican David McKinly of West Virginia purchased between 1,000 and 15,000 dollars in Global Payments Inc. stock as part of his spouse’s IRA. 

Republican David Joyce of Ohio reported 3 transactions in May, all in the 1,000 to 15,000 dollar range. He sold a Global X U.S. Infrastructure Development stock, and purchased both Invesco Aerospace and Defense stock and a Vanguard Short-Term Corporate Bond. 

Democrat Debbie Dingell of Michigan reported two purchases of corporate securities valued between 15,000 and 50,000 dollars each: of Ally Financial and Paramount Global. 

Democrat Doris Matsui of California reported a purchase of at least one million dollars from June 3rd, 2022. She purchased a convertible promissory note (loan) for Intrinsic Exchange Group, Inc. 

Republican Doug Lamborn of Colorado reported 6 transactions from June 6th, 2022, three sales and three purchases of 17,000-80,000 dollars of NetApp, Inc stock. 

Democrat Ed Perlmutter of Colorado made 7 sales in the 1,000-15,000 dollar range of Amazon, Apple, Ford, and Microsoft stocks. 

Democrat Josh Gottheimer of New Jersey reported 21 transactions from May 2022. These trades from his Morgan Stanley UMA Account consisted of 10 purchases and 11 sales, all in the 1,000 - 15,000 dollar range. 

Republican Kevin Hern of Oklahoma reported 7 transactions from May. He made 2 full sales and 5 purchases, all in the 1,000-15,000 dollar price range. 

Democrat Lois Frankel  of Florida reported 24 transactions from April 25th-June 1st 2022, all in the 1,000-15,000 dollar price range. 

Republican María Elvira Salazar of Florida reported an exchange of between 250,000 and 500,000 dollars from February 14th, 2022. According to her disclosure report, Salazar had private shares in Cano Health Inc, and opted to exchange them for public shares when a public acquisition company purchased all equity in Cano Health entities. 

Republican Marjorie Taylor Greene of Georgia reported 9 purchases from June 10th 2022. 3 purchases were made in the 1,000-15,000 dollar range, while 6 purchases were in the 15,000-50,000 dollar range, for a total of 93,000 - 345,000 dollars in purchases.

Republican Michael Guest of Mississippi reported one 50,000 - 100,000 purchase of a Mississippi State University bond, his Alma Meter.

Republican Mike Kelly of Pennsylvania reported two transactions from April 2022. He reported a full sale of between 100,000 and 250,000 dollars of Ohio State Common School District municipal bond, and a purchase of between 50,000 and 100,000 dollars of the Utah Intermountain Power Agency, which according to Fitch Ratings, the Los Angeles Department of Water and Power purchases the majority of the IPA’s project output. 

Republican Mo Brooks of Alabama reported a purchase of between 1,000 and 15,000 dollars of a Duke Energy corporate bond. 

Democrat Sara Jacobs of California reported a 1 million - 5 million dollar purchase of US Treasury Notes. 

Democrat Vincente Gonzalez of Texas reported a full sale of Freeport-McMoran Inc of between 1,000 and 15,000 dollars and and one purchase of Tesla stock of between 100,000-250,000

Republican Michael Burgess of Texas reported two partial sales of Amazon and Stryker Corporation stock of between 2,000-30,000 dollars and a purchase of Amazon stock of between 15,000-50,000 dollars. 

Republican Bob Gibbs of Ohio reported one purchase of Ford Motor Company stock of between 1,000-15,000 dollars. 

Democrat Scott Peters of California reported 9 government security purchases of between 100,000 and 1 Million dollars each. These California security purchases include the California State Water Utility, the San Francisco Bart, Cerritos Community College, and Orange County Revenue UTX among others, totalling between 1.75 million and 3.75 million dollars. 

Democrat Susan DelBene of Washington reported 5 purchases and one full sale of government securities from Hawaii, Maryland, Connecticut, New Jersey, and New York, for a total of at least 880,000 dollars. 

Republican Trey Hollingsworth of Indiana reported 8 purchases of Owl Rock Capital Corporation stock, a middle-market loan company, totalling between 331,000 and 765,000 dollars. 

Democrat Bill Keating of Maryland reported two transactions from his IRA account, a 1,000 - 15,000 dollar purchase of US Treasury security and a 15,000 - 50,000 dollar purchase of Netflix corporate security. 

That’s all we have for you this week! Listen to our podcast here on Substack and wherever else you get your podcasts, check out our Subreddit, follow us on Twitter, and contribute transcriptions here!

HUGE THANKS to Tim and the amazing people transcribing the hand-written House disclosures that make all of this possible. 

And thank you all so much for your continued patience and support!!