Why the Pelosi era of copy-trading is ending
A whole cottage industry grew up around Pelosi's disclosures. A "Nancy Pelosi Stock Tracker" account on X has 1.2 million followers. Two ETFs, NANC and GOP, copy the disclosed trades of Democratic and Republican lawmakers. NANC had about $263 million in net assets and GOP about $60 million at the time of the report, according to >CNN via Yahoo Finance.
That same report says Pelosi announced her retirement in November 2025. She will not run in the 2026 midterms. Once she leaves, the disclosures stop.
The fund manager behind NANC and GOP, Dan Weiskopf of Tidal Financial Group, put the next step plainly: "Her retirement is notable, but there are plenty of other members of Congress who will continue the trend."
So the practical question for anyone using a congress stock tracker is simple. Who is left to watch?
The most active congressional traders of 2025
Money ranked members of Congress by disclosed 2025 trading volume, using data from Quiver Quantitative. The average-per-trade column is our own arithmetic from Money's figures.
| Member | Party-State | 2025 trades | 2025 volume | Average per trade |
|---|---|---|---|---|
| Michael McCaul | R-Texas | 1,008 | $57,709,500 | about $57,000 |
| Ro Khanna | D-Calif. | 4,107 | $53,377,500 | about $13,000 |
| Nancy Pelosi | D-Calif. | 19 | $51,700,000 | about $2.7 million |
| Jefferson Shreve | R-Ind. | 556 | $29,327,000 | about $53,000 |
| Cleo Fields | D-La. | 210 | $21,175,500 | about $101,000 |
Source: >Money. Money's article body gives Khanna's count as 4,081 trades in one place, so treat the exact figure as approximate.
Two things jump out.
First, Pelosi's volume came from very few trades. Nineteen disclosures added up to $51.7 million. Khanna needed more than 200 times as many trades to reach a similar total.
Second, lawmakers report trades in value ranges, not exact amounts, per >CNN via Yahoo Finance. Every volume figure in this table is an estimate built from those ranges. That includes our per-trade averages.
What they bought to start 2026
Money walked through the early-2026 filings of the most active traders. Here is what it reported.
- McCaul filed 46 transactions on Dec. 9. He sold FirstCash, ASML and Tapestry for gains of 12%, 31% and 48%. He bought Valvoline, MSA Safety and Louisiana-Pacific.
- Khanna filed 360 transactions on Dec. 8. Disclosed buys included Marriott, Old Dominion Freight and Deckers Outdoor.
- Pelosi sold Disney and PayPal on Dec. 30 and added call options on Alphabet, Amazon and Nvidia. On Jan. 16 she bought Vistra, Alphabet, Amazon, Nvidia and AllianceBernstein.
- Shreve bought three- and five-year corporate bonds and two variable annuities.
- Fields bought Taiwan Semiconductor on Jan. 8 and Alphabet on Jan. 12. On Jan. 20 he added more Alphabet plus Meta, Netflix and IREN.
All of the above comes from >Money, published February 13, 2026.
Notice the spread of styles. McCaul and Khanna trade often and across many sectors. Pelosi's filings lean on a few large tech names and long-dated options. Shreve's recent moves are mostly bonds. A single "congress tracker" feed mixes all of these together. You get more signal by following one member's pattern than by following the whole list.
The lag problem every tracker shares
Lawmakers must disclose transactions over $1,000 within 45 days under the 2012 STOCK Act, per >Money. A trade can be six weeks old before you see it.
Weiskopf told CNN that Pelosi's use of long-dated options is one reason her trades stayed useful after that delay. "She's using long-dated options," he said, and CNN noted those options are still active even after the delayed disclosures (>CNN via Yahoo Finance). A member who trades short-term stock positions gives followers far less to work with.
The rules may also change. The House passed a bill on July 22, 2026, by a 232–198 vote, that would bar members, spouses and dependent children from buying new stocks, per >Roll Call. Its path in the Senate is uncertain. We cover what that means for trackers in a separate article.
How to use it on the Loomi.Ai Desk
The Desk's Congress trade tracker covers "every disclosed buy and sell by sitting members of Congress," with Nancy Pelosi included, "pulled straight from the official House and Senate filings and put on your desk the day it drops" (>Loomi.Ai Desk). The Desk FAQ lists "the Congress trade tracker" as part of the $8 membership.
- Follow the member, not just the name. The tracker shows buys and sells by every sitting member, so you are not limited to Pelosi. Pick one or two of the active traders above and learn their pattern: McCaul's broad stock trades, Khanna's high volume, Fields' tech buys.
- Read the trade date, not only the filing date. The tracker puts a filing on your desk the day it drops. The trade inside it can still be up to 45 days old under the STOCK Act. A long-dated option holds up better over that gap than a short-term stock trade.
- Treat the amount as a range. Members report value ranges, so a big-looking disclosure is an estimate.
- Cross-check with the rest of the Desk. The Desk's stock-picker lenses include "reported insider buying," a separate disclosure set you can compare against a lawmaker's buy.
Desk membership is $8/mo intro, then $20/mo, with a 3-day free trial that requires a payment method.
Put the research to work on your Desk
Explore the tools behind the research, compare the available access, or open your Desk if you already have an account.
FAQ
Who is the most active stock trader in Congress? By 2025 disclosed volume, Rep. Michael McCaul led with about $57.7 million. By trade count, Rep. Ro Khanna led with more than 4,000 trades (>Money).
Will Nancy Pelosi still disclose trades after she retires? No. Once she leaves Congress in 2027, she is no longer required to publicly disclose her family's stock holdings (>CNN via Yahoo Finance).
How late are congressional stock disclosures? Members have up to 45 days to report transactions over $1,000 under the STOCK Act, and they report value ranges rather than exact amounts.
Is there an ETF that copies Congress? Yes. NANC follows trades by Democratic members and GOP follows Republican members. Both launched in 2023 (>CNN via Yahoo Finance).
Loomi.Ai provides educational market research, not financial advice. Disclosed trades are delayed and reported in ranges, and past results do not guarantee future returns.
Sources
- >With Nancy Pelosi retiring, stock traders who copy her investments need to find a new hero, CNN via Yahoo Finance (Nov. 6, 2025)
- >Congress Stock Tracker: Here's What the Most Active Traders Bought to Start 2026, Money (Feb. 13, 2026)
- >Congressional stock-trading bill passes the House, Roll Call (July 22, 2026)
- >Loomi.Ai Desk, Loomi.Ai (fetched Sept. 24, 2026)