Speaker Emerita Nancy Pelosi is reportedly one of millions of Americans whose stock portfolios were severely impacted by a sharp market selloff in response to President Donald Trump’s recently announced tariffs.
Pelosi’s reported losses are notable because amateur traders frequently attempt to replicate her success.
One of the men who tracks that success, Quiver Quantitative co-founder Chris Kardatzke, told the Daily Mail that the California Democrat was not immune to the market bloodshed that ended the trading week.
The Dow fell more than 1,600 points Thursday and another 2,200 points Friday due to uncertainty surrounding Trump’s newly announced tariffs on the country’s allies and adversaries.
According to Kardatzke, Pelosi lost an estimated $7 million during the selloff, which disproportionately affected tech stocks.
Accounting for losses incurred Thursday and Friday, Kardatzke stated that Pelosi’s total net worth “has now fallen by approximately $23 million since the beginning of the year.”
He concluded: “Per our live portfolio estimates, Apple is currently Pelosi’s largest stock holding.”
Apple shares closed down 7.29 percent on Friday.
Quiver’s Pelosi Tracker provides amateur traders with insight into Pelosi’s market activity in recent years, which has seen her invest heavily in companies such as Nvidia, Google, Microsoft, and Tesla.
Kardatzke’s firm estimates Pelosi’s net worth at $239.78 million, despite losses that wiped out trillions of dollars in market capitalization at the end of the week.
Quiver reported that Pelosi’s most recent trade was on January 14, when she purchased between $250,000 and $500,000 in Amazon call options.
The 84-year-old reportedly purchased 50 call options with a $150 strike price. The options will expire on January 16 of next year.
Pelosi’s net worth and investment activity have made her a focal point in debates over whether elected officials should be permitted to trade stocks while in office.
Sen. Josh Hawley (R-MO) introduced the Preventing Elected Leaders from Owning Securities and Investments (PELOSI) Act in 2023, but it did not gain any traction.
While Pelosi has repeatedly faced criticism for alleged insider trading, the issue is bipartisan.
Kelly Loeffler, a former Republican senator and current Small Business Administration head, sold retail stocks in favor of investments in healthcare companies shortly before the Covid pandemic decimated global markets in 2020.
