Pelosi's newest congressional filing shows purchases worth as much as $21.5m. It is all buying, no selling, and the trades were made weeks before you got to read about them.
Ten buys, zero sells, and two names doing the work
A congressional filing A public report a member of Congress files after buying or selling an investment. It names the asset and gives the size of the trade as a range. is the report a member of Congress has to publish after buying or selling. The newest filing from Nancy Pelosi lists 10 purchases. Sales in the same filing: 0. The upper bound of all that buying is $21.5m. The bottom end of the range is a lot smaller, and that gap is the whole point of a range. Two tickers carry most of the weight here, Bloom Energy and Intel, bought as both stock and call options Contracts that give the buyer the right to buy a stock at a set price before a set date. They cost less than the shares and can expire worthless.. The chart also shows two private real-estate vehicles bought as stakes in a limited company rather than listed shares, and they sit at the narrow end of the bars. The filing gives each trade only as a range, so the total has to be shown as a low and a high instead of one tidy number. So the same filing can read as a modest bet or a very big one, depending on which end you look at. An earlier filing from June is not in the data here, so the two cannot be compared.
Glossary
- congressional filing
- A public report a member of Congress files after buying or selling an investment. It names the asset and gives the size of the trade as a range.
- call options
- Contracts that give the buyer the right to buy a stock at a set price before a set date. They cost less than the shares and can expire worthless.
Data table
| name | low | high | series_role |
|---|---|---|---|
| BE buy | $3.0m | $12.0m | positive |
| INTC buy | $1.8m | $6.5m | positive |
| REOF XXV, LLC buy | $500,001.0 | $1.0m | positive |
| REOF XXX, LLC buy | $500,001.0 | $1.0m | positive |
| UBER buy | $500,001.0 | $1.0m | positive |
The news is old by the time it reaches you
Before the filing went public, how much had the typical stock in it already moved?
Actual12.2%
The median stock in that group had already moved 12.2% before the public saw the filing. The surprise is the order of events: the interesting part of the move lands in the quiet weeks, not on the day the story runs.
Show answer
12.2% The median stock in that group had already moved 12.2% before the public saw the filing. The surprise is the order of events: the interesting part of the move lands in the quiet weeks, not on the day the story runs.
The trades were made in late July. The filing reached the public in late August. The median gap between a trade and its disclosure was 26 days. Prices are available here for 4 of the disclosed trades. The median stock in that group had already moved 12.2% before the public saw the filing. For Bloom Energy the move between the trade and the filing was 20.7%. Nobody outside acts before a filing appears, so that early move is already spent when the headline arrives. Prices here run through 24 September 2026, and from the filing to that last close the median change was 32.4%. Some disclosed trades sit outside this count because prices for those stocks are not available.
After the story broke, the moves were modest
Look at what happened next and the fireworks are small. 2 tickers were measured against the market after the news. Bloom Energy showed an abnormal return The part of a stock's move that is left over after you strip out the move of the whole market. It is a comparison, not a cause. of 5.2% from day zero. Intel showed 2.3%. The median of the two was 3.7%. All of this sits in the same window as the disclosure, and these numbers cannot tell you the filing moved either stock.
Glossary
- abnormal return
- The part of a stock's move that is left over after you strip out the move of the whole market. It is a comparison, not a cause.
Quick quiz
What is the biggest limit of a congressional filing for a small investor?
Why：The filing is a backward-looking report. It gives a range for each trade, not an exact amount, and it says nothing about what is held today.
Show answer
It arrives weeks after the trade and gives amounts only as ranges The filing is a backward-looking report. It gives a range for each trade, not an exact amount, and it says nothing about what is held today.
Data table
| name | car_post | series_role |
|---|---|---|
| Bloom Energy | 5.2% | peer |
| Intel | 2.3% | peer |
Risks
- Disclosed positions are already weeks old by the time you read them.
- Filings omit shorts, full option detail and non-US holdings.
- Amounts come as ranges, so the real size stays unknown.
Sources
- Clerk of the U.S. House of Representatives, Periodic Transaction Reports: Nancy Pelosi — data as of 2026-09-08; fetched 2026-11-05 20:06 UTC
- FinMind USStockPrice SPY — data as of 2026-09-09; fetched 2026-11-05 20:06 UTC; License note: FinMind open data; original source TWSE/TPEx or US exchanges
- FinMind USStockPrice BE — data as of 2026-09-09; fetched 2026-11-05 20:06 UTC; License note: FinMind open data; original source TWSE/TPEx or US exchanges
- FinMind USStockPrice INTC — data as of 2026-09-09; fetched 2026-11-05 20:06 UTC; License note: FinMind open data; original source TWSE/TPEx or US exchanges