Pelosi knows how to pick 'em: How her top stocks performed in 2023

 January 2, 2024

Rep. Nancy Pelosi (D-CA) has gained quite the reputation for stock trading, and looking at her top stocks in 2023, it's easy to see why. 

The site Business News took a look at the top 5 stocks in her portfolio by percentage of the total to see how they performed this year.

Not surprisingly, every single one of the stocks on Pelosi's list made massive gains far above the stock market in general this year, which gained about 25% this year.

Gee, wonder if her being in Congress and knowing a lot about the ins and outs of laws and regulations has helped her pick winners over the years, so much that she is now worth well over $100 million dollars despite having a yearly salary of between $175,000 and $225,000 a year?

What Pelosi holds

According to the site, Apple makes up the majority of Pelosi's profile. It saw a nearly 54% gain for the year despite some declines in August and is now valued at $192.53 a share with nearly $3 trillion in market capitalization.

Second on Pelosi's list is Microsoft at about 20% of Pelosi's portfolio. At the beginning of the year, some doubts about the strength of cloud computing led to declines for Microsoft, but by the end of the year it had rallied to a 56.96% increase.

Google parent company Alphabet was Pelosi's third-largest holding at 14% of her portfolio. Alphabet 56.74% this year, which is nothing to sneeze at.

Next is NVIDIA, the software company that got the Pelosis in hot water for possible insider trading (although nothing has come of it, so it seems they got away with it). At 14% of her portfolio, NVIDIA was Pelosi's biggest gain this year at 245.94% for the year.

Fifth comes Amazon, which struggled early on but ended up with a gain of 77.04% by year's end. Pelosi should have increased her shares of Amazon above the 5% of her portfolio it currently holds and she could have made even more money this year than she did on the other stocks listed above (other than NVIDIA).

What about Paul?

It seems like Pelosi's net worth went way up this year if most of it was invested in these stocks.

Pelosi's husband Paul Pelosi is a venture capitalist, and may have something of an expertise in picking companies that are likely to do well.

If she shares with him the goings-on of Congress as well, it stands to reason that the Pelosis would have a lot better chance of making money on stocks than you or I would.

This is why some in Congress have tried to pass a law that prevents members of Congress from trading individual stocks--they know too much to be entirely honest in their dealings.

Pelosi has pretended to agree with this legislation, but actually opposes it, and now we know exactly why.

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