With the new year starting, it is time to take a closer look at the stock portfolio of Nancy Pelosi, a former House Speaker and leader of the House Democrats for 20 years, and one of the most active stock traders among United States politicians, performed in 2023.
Indeed, it is no secret that Pelosi and her husband, Paul, own a selection of stocks and that investors are taking lessons from her trading success. Hence, Finbold has analyzed the performance of the five top stocks by market value in her portfolio over the course of the previous year.
#1 Apple (NASDAQ: AAPL)
Specifically, the majority of Pelosi’s stock portfolio belongs to Apple (NASDAQ: AAPL), which has made a solid advance in 2023, boasting an increase of nearly 54% across the year, and managed to retain its position as the top public company stock by market capitalization at just under $3 trillion.
By press time, Apple’s stock, which measured a rather stable growth over the year, only witnessed a larger decline at the beginning of August after an unimpressive revenue report for iPhone and other hardware while rallying on the substantially positive earnings report and at press time trading at $192.53.
#2 Microsoft (NASDAQ: MSFT)
At the same time, Microsoft (NASDAQ: MFST), which comprises 20% of Pelosi’s stock portfolio, also had a successful year, increasing its price by 56.96%, during which it made the largest daily gain on April 26 – of 7.24%, after the software giant posted strong growth of its cloud computing business.
On the other hand, its worst day was January 4, when Microsoft stock declined 4.37% after an analyst’s downgrade from ‘buy’ to ‘neutral’ due to a weaker cloud computing outlook at the time. At present, it is changing hands at $376.04, according to the information on January 1.
#3 Alphabet (GOOGL)
Occupying 14% of Pelosi’s portfolio, Alphabet (GOOGL) is another big-name stock that has rallied 56.74% in 2023, despite its 9.51% loss on October 25 after its quarterly earnings showed strong overall growth but disappointing cloud-computing sales.
Meanwhile, its single most successful day was July 26, when GOOGL soared 5.78% off a stronger-than-expected earnings report and growth in its cloud computing unit. Currently, the Google parent is trading at the price of $139.69, as per the most recent data.
#4 Amazon (NASDAQ: AMZN)
Another successful Pelosi stock is Amazon (NASDAQ: AMZN), which takes up 5% of her portfolio. Notably, AMZN has raced 77.04% in the last year, despite having lost as much as 8.43% on February 3 after posting unfavorable quarterly results at the time.
Moreover, on August 4, Amazon rallied 8.27% after it blew past its earnings per share (EPS) estimates of $0.35 per share and posted second-quarter earnings per diluted share of $0.65. Its second-best day was October 27, when its earnings and revenue again crushed expectations. It is now trading at $151.04
#5 Nvidia (NASDAQ: NVDA)
Finally, Nvidia (NASDAQ: NVDA), which makes up 14% of Pelosi’s portfolio, had an exceptional year, soaring 245.94% and recording several significant daily rallies, starting with 14.02% on February 22 after the graphics chip company reported sales and revenue in its latest quarter that were higher than Wall Street analysts expected, and forecast a recovery in its videogame business.
However, its best day was May 25, when it made an impressive 24.37% gain of on an earnings report that beat consensus estimates, reaching an all-time high (ATH) of $389.46. Its only noteworthy losing day was October 17, when NVDA declined 4.68% after the US restricted chip exports of artificial intelligence (AI) chips to China, and is now trading at $495.22.
Conclusion
In addition to the above, Nancy Pelosi also holds stocks in Tesla (NASDAQ: TSLA), Crowdstrike (NASDAQ: CRWD), AllianceBernstein (NYSE: AB), and Disney (NYSE: DIS), and, with the exception of the AB stock that declined almost 10%, they have all experienced positive trends in 2023, justifying Pelosi’s reputation among investors as the ‘queen of politician stock trading.’
Buy stocks now with Interactive Brokers – the most advanced investment platform
Disclaimer: The content on this site should not be considered investment advice. Investing is speculative. When investing, your capital is at risk.
Source: https://finbold.com/revealed-nancy-pelosis-stock-portfolio-performance-in-2023/