Congressional stock trading generated massive returns in 2024, with lawmakers achieving profits of up to 149%, significantly surpassing Warren Buffett’s legendary investment performance. Buffett’s Berkshire Hathaway combined annual profit of 19.9%, congressional trading patterns of NVIDIA stocks, Coinbase and NGL Energy Partners with 19.9%, earning a return of 5,502,284% over 60 years.
How Congress defeated Buffett in telephone transactions on Nvidia and Coinbase
Based on data from the 118th Congress, 46% of lawmakers own individual shares, with 189 representatives and 54 senators actively trading. These Congressional stock transactions have produced exceptional returns that outweigh even professional investors. Trading activities show a clear concentration in technology stocks, particularly Nvidia stocks and Coinbase locations.
The most profitable parliamentary stock trades occurred through rapid “telephone transactions” carried out through brokers prior to major policy announcements. At the time of writing, several members hold between $750,000 and $2 million in Crypto assets, while Representative Shri Thanedar holds cryptocurrency investments ranging from $365,003 to $800,000.
Record-breaking Congress Holdings
Representative Nicholas Begich owns between $250,001 and $500,000 in crypto assets, while Representative Michael Collins owns between $58,016 and $345,000, according to congressional disclosure data. These Congressional stock transactions and crypto holdings often coincide with committee allocations related to financial services and technical regulations.
The Stock Act had three main objectives related to Congressional stock trading. It will punish members of insider trading by increasing public confidence in Congress, increasing transparency with new applications required within 30 days of membership transactions, and making it clear that the securities law applies to Congress.
The focus of technology and energy stocks
The most profitable Congressional stock trading is concentrated on NVIDIA stocks, Coinbase and NGL Energy Partners. The data shows that Congress’ cryptocurrency assets are becoming increasingly important, with 10 members currently holding a significant digital asset portfolio.
The weighted percent change data reveals dramatic portfolio performance variation among lawmakers in 2024, with some achieving returns that are considered exceptional for professional fund managers at the time of writing.
Insider Trading Questions
Campaign Legal Center has reported Gavin Kliger to the Bureau of Ethics by not removing itself from the stocks of the seven companies worth up to $715,000. The story highlights that there are still concerns about government officials breaking insider trading rules.
The demand for widespread change has increased due to impressive profits in Congressional shares. It is clear that important issues in the system must be quickly identified and resolved by regulators and reformers, compared to Buffett’s success, compared to Congress’ success. With the change in the weighted percentage of Congressional portfolios in 2024, it appears that traders in these portfolios are leading many to doubt whether the original rules are fair or not.
