🔥 This Week's Biggest Moves
Nancy Pelosi filed her latest Periodic Transaction Report on January 23, 2026, covering trades from late December 2025 through January 16, 2026. It's a monster filing with 20+ transactions. Here's what matters:
📈 BULLISH BETS — What Pelosi is Buying
GOOGL — Alphabet (Google)
Bought 25,000 shares on Jan 16, 2026 ($500K-$1M)
Also exercised 50 call options from Jan 2025 (5,000 shares at $150 strike)
Signal strength: 🔴🔴🔴🔴🔴 (Maximum conviction)
Why it matters: She's doubling down. After selling 7,704 shares to a donor-advised fund and 20,000 shares in late December, she turned around and bought 25,000 fresh shares. Net result: she INCREASED her Google position.
AMZN — Amazon
Bought 20 call options, $150 strike, expiring Jan 15, 2027
Also exercised 50 call options from Jan 2025 (5,000 shares at $150)
Signal strength: 🔴🔴🔴🔴 (High conviction)
Why it matters: LEAP calls = long-term bullish bet. She's giving herself a full year for Amazon to run.
AAPL — Apple
Bought 20 call options, $100 strike, expiring Jan 15, 2027
Exercised 50 call options from Jan 2025 (5,000 shares at $150)
Signal strength: 🔴🔴🔴🔴 (High conviction)
$100 strike on AAPL means she's very deep in the money already. This is a leveraged long position.
NVDA — NVIDIA
Bought 20 call options, $100 strike, expiring Jan 15, 2027
Exercised 50 call options from Jan 2025 (5,000 shares at $80)
Signal strength: 🔴🔴🔴🔴 (High conviction)
She sold 20,000 shares and donated 28,200 to a donor-advised fund (tax move), but immediately bought long-dated calls. Still very bullish on AI/NVIDIA.
📉 EXITS — What Pelosi is Selling
DIS — Walt Disney → Sold 10,000 shares ($1M-$5M) ❌
AB — AllianceBernstein → Sold 10,000 shares ($1M-$5M) ❌
PYPL — PayPal → Sold 5,000 shares ($250K-$500K) ❌
Pelosi is rotating OUT of traditional media, financial services, and fintech — and rotating INTO big tech + AI.
🧠 AI Analysis: What's the Pattern?
Pelosi's portfolio tells a clear story:
All-in on AI infrastructure: NVDA, GOOGL, AMZN are the three pillars of AI compute
Using LEAP options for leverage: Jan 2027 expiry gives her max upside with limited downside
Tax-loss harvesting in December: The donations to donor-advised funds are classic year-end tax optimization
Broadcom (AVGO) exercise earlier in 2025: Another AI chip play, exercised at $80 (now trading 3x+ higher)
The Pelosi thesis: AI is still early, and the mega-caps building the infrastructure will keep winning.