How to follow Nancy Pelosi's stock trades

Nancy Pelosi's stock portfolio is one of the most-watched in the world. Here's exactly how to see every trade, where the data comes from, and what the track record actually looks like.

2026-04-05 · 8 min read · By Insider Option

Nancy Pelosi — Speaker Emerita of the US House of Representatives — has become an unlikely icon of retail investing. Or, more precisely, her husband Paul Pelosi has: Paul, a venture capitalist, makes most of the trades disclosed under Nancy's name, and their disclosures have consistently ranked among the most talked-about data points in finance social media.

Why the Pelosi portfolio became famous

A few things happened in quick succession. First, a 2021 study by a finance professor at Dartmouth found that Congressional portfolios outperformed the S&P 500. Second, several specific Pelosi trades — in Google, Tesla, and Microsoft, especially — were disclosed just before large price moves or favorable regulatory news. Third, a Twitter account (@PelosiTracker) started posting every trade the moment it was filed, and went viral.

By 2022, two ETFs — NANC (tracking Democratic Congressional trades) and KRUZ (tracking Republican trades) — had launched to capitalize on the attention.

What the filings actually contain

Pelosi's trades, like all Congressional trades, are filed under the STOCK Act of 2012. Each filing ("Periodic Transaction Report" or PTR) includes:

• The ticker symbol of the security traded (sometimes a call or put option rather than the underlying).
• The transaction type (Purchase, Sale, Exchange).
• The transaction date.
• The dollar amount of the transaction, expressed as a range (e.g. "$1M – $5M").
• The person who executed the trade (often a spouse).

Note what is not disclosed: exact dollar amounts, the cost basis, the reason for the trade, and whether the position is hedged. This makes precise backtesting harder than it looks.

Three ways to follow the portfolio

1. Read the raw filings yourself

You can find Pelosi's filings at clerk.house.gov/financial-disclosures. Search for "Pelosi." You'll get a list of PDFs. The process takes about 20 minutes per filing to transcribe by hand.

2. Use a tracker

Several tools aggregate the data automatically. Insider Option shows every Pelosi trade, with ticker, date, and estimated amount, on a single profile page. Other trackers exist, each with different latency and data quality.

3. Buy the ETF

The NANC ETF tracks Democratic Congressional trades on a delayed basis. It's less flexible than a tracker (you can't pick individual trades or politicians, and you pay an expense ratio), but it's a one-click option for people who want passive exposure.

What the track record actually shows

Our figures measure each disclosed purchase from its transaction price to the latest price we hold, benchmarked against the S&P 500 over the same window. Read that as the performance of the positions themselves, not of a strategy you could have run — the reporting lag sits between the two. What the figure is sensitive to:

• Holding period: Short holds (under 30 days) do not work; longer holds (over 1 year) do.
• Filter rules: Excluding options trades and focusing on equity purchases gives a cleaner signal.
• Market regime: The signal was stronger in the 2020–2022 mega-cap tech rally than in the 2022–2023 correction.

We publish the full methodology — including the treatment of the 45-day disclosure lag, delisted tickers, and survivorship bias — on the methodology page.

Common critiques (and honest answers)

"The 45-day lag means the edge is gone."

Largely, yes — and we should be straight about what our own figures can and cannot settle. The performance we publish is measured from the disclosed transaction price, so it describes what Pelosi's position did, not what someone acting on the filing weeks later would have captured. Testing the latter properly needs per-ticker prices as at each filing date, which we do not yet store. Treat any "you could have made X" framing — ours or anyone else's — as unproven until it is measured that way.

"This is survivorship bias — Pelosi is famous because she won."

Partially fair. We include all Congressional trades in the aggregate, not just Pelosi's. The aggregate also outperforms — though by a smaller margin. Pelosi's specific outperformance is bigger than the aggregate, which could be skill, information, or noise. We cannot distinguish between those purely from the data.

"Isn't this insider trading?"

No. Insider trading requires trading on material non-public information. By definition, disclosed filings are public — and by the time you see them, the information has been public for up to 45 days. Whether Congress members are using non-public information at the moment of trade is a separate legal and ethical question, but your act of following a disclosed filing is not insider trading.

What to do next

• See Nancy Pelosi's full profile with every disclosed trade.
• Compare strategies that include Pelosi's trades with aggregate Congress strategies.
• Read the full breakdown of the STOCK Act to understand the legal framework.

This post is for informational purposes only and is not investment advice. Past performance is not indicative of future returns. See our disclaimer for the full legal language.