Market Commentary

Which Stocks is Congressman Gottheimer Trading?

Rahul Joshua31 Aug 2022 · 1 minute read

Congressman Josh Gottheimer disclosed tens of trades he made in the last 2 months as he continues to be one of the most active traders in the House.

The biggest trade reported yesterday is investing between $15,000 and $50,000 in Starbucks (SBUX: US) on 15 July at an average price of $79.62. Based on SBUX’s closing price of $83.41 on Tuesday, August 30, Gottheimer is already in the green.

Gottheimer, the U.S. representative for New Jersey's 5th congressional district since 2017, also made a number of other trades, mostly on the long side. He acquired shares of Allianz SE (ALIZY: US), Apple (AAPL: US), Deere (DE: US), Intuit (INTU: US), Microsoft (MSFT: US), Oracle (ORCL: US), Salesforce (CRM: US), and Target (TGT: US), among other trades.

All these positions fall into the $1,000-$15,000 bracket, although filings show that Gottheimer is accumulating stakes in certain companies. For example, the Congressman invested in UnitedHealth Group (UNH: US) on July 27 and July 29.

Similarly, he also sold some Class C shares of Alphabet Inc (GOOG: US) on two occasions: one on July 20 and the next on July 27.

Gottheimer is known to be an active trader, although he usually trades smaller sizes. Still, he disclosed earlier this year that he bought between $1 and $5 million worth of shares of Microsoft, although he sold the stock the same day. Looking at the trading volume, Microsoft is by far the biggest asset that Gottheimer is buying and selling.

Gottheimer is a closely-watched Congressman from the trading perspective as he sits on the Committee for Financial Services, as well as Homeland Security.