“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,” Hawley said in a Jan. 2023 statement. “As members of Congress, both Senators and Representatives are tasked with providing oversight of the same companies they invest in, yet they continually buy and sell stocks, outperforming the market time and again.”
Pelosi’s portfolio grew 70.9% between Dec. 29, 2023, and Dec. 30, 2024, compared to the S&P 500’s 24.9% return for the period, according to financial data platform Unusual Whales’ 2024 Congress Trading Report. The former speaker’s 2024 investment results exceeded her stellar 2023 performance, when she secured a return of 65.5% — outperforming that year’s S&P 500 return of 24.8% by approximately 164%. (RELATED: Meet The 9 Lawmakers Who Out-Traded Nancy Pelosi In The Stock Market Last Year)
Pelosi has refuted insider trading accusations, and even supported the 2023-2024 Ending Trading and Holdings in Congressional Stocks (ETHICS) Act after dropping her opposition to a stock trading ban ahead of the 2022 midterm.
We estimate that she is now worth $274M: pic.twitter.com/oL8zCxoKPU
And many in Congress made unusually timed trades resulting in huge gains.
— Quiver Quantitative (@QuiverQuant) December 11, 2024
Another day, another all-time high for Pelosi’s portfolio.
Like every year since 2020, US politicians beat the market.
Former House Speaker Nancy Pelosi beat the S&P 500 by nearly 200% in 2024, continuing her streak of outperforming the stock index.
Nancy Pelosi and Paul Pelosi together at MusiCares Persons of the Year Honoring Berry Gordy and Smokey Robinson. (Photo by Lester Cohen/Getty Images for The Recording Academy)
The longtime congresswoman has faced backlash for her investments in the past, with Republican Missouri Sen. Josh Hawley introducing the Preventing Elected Leaders from Owning Securities and Investments (PELOSI) Act in January 2023, which would have prohibited members of Congress from trading stocks.
“Speaker Pelosi does not own any stocks, and she has no prior knowledge or subsequent involvement in any transactions,” a spokesman for Pelosi’s office told the Daily Caller News Foundation.
Pelosi has made other shrewd trades in the past, unloading more than $1.5 million worth of stock in Google’s holding company Alphabet one month before the Department of Justice announced an antitrust lawsuit against the tech giant.
