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The Pelosi trades

Nancy Pelosi's filings show her husband cut Apple and Nvidia, then bought Intel, Uber and Bloom Energy in 2026.

Numbers as of 21 Sept 2026

The full story

  1. Two stacks drawn to one scale, where each plate's height is the lowest amount its reported range allows. Sold in December 2025, at least $8 million: Apple at least $5M, Amazon, Nvidia and Disney at least $1M each, PayPal at least $250K. Bought in 2026, at least $7.6 million: Bloom Energy at least $3
  2. The biggest sale: Apple. 45,000 shares were sold on 24 December 2025, worth $5 to $25 million. On 30 December another 28,200 shares were given to a donor-advised charity fund, not sold. The same day, 20 Apple call options were bought, a bet the stock would rise, running to January 2027. Apple stock
  3. Sold the same day: Nvidia. 20,000 shares were sold on 24 December 2025, worth $1 to $5 million, and 20 call options were bought on 30 December. On 16 January 2026, options bought a year earlier were turned into 5,000 shares. Nvidia stock went from $189 at the sale to $225 now, up 19 percent.
  4. Amazon went the same way as Nvidia. 20,000 shares were sold on 24 December 2025, worth $1 to $5 million, 20 call options were bought on 30 December, and on 16 January 2026 options bought a year earlier were turned into 5,000 shares. Amazon stock went from $232 at the sale to $250 now, up 7 percent.
  5. Given, not sold: Alphabet, Google's parent. On 30 December 2025, 7,704 shares worth $1 to $5 million were given to a donor-advised charity fund, and the same day 20 call options were bought, running to January 2027. On 16 January 2026, options bought a year earlier were turned into 5,000 shares. Alp
  6. The biggest buy: Bloom Energy, which makes fuel cells that power data centers, bought on 24 and 28 July 2026 as shares and call options worth 3 to 12 million dollars. Bloom's record second-quarter results, with sales up 166 percent and raised guidance, were released on 28 July, the same day as the s
  7. Bought, then bought more: Intel. 200 call options were bought on 29 May 2026 with the stock at $115. On 24 July, a day after Intel's second-quarter results, 10,000 shares and 50 more call options were bought with the stock at $92. Intel's sales rose 25 percent that quarter, its fastest growth since
  8. The rest of the list: Disney, sold 30 December 2025, is down 8 percent since; PayPal, sold the same day, is down 7 percent; AllianceBernstein, an investment manager, bought as 25,000 shares on 16 January 2026, is down 11 percent; Uber, bought as call options on 29 May 2026, is down 1 percent. Good t
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Members of Congress have to report stock trades within 45 days, but only as a range. Everything below is from the Pelosis' filings with the House Clerk, and every trade was in her husband Paul Pelosi's account.

Sold, Dec 24-30, 2025: Apple - two sales of $5M-$25M each Nvidia - $1M-$5M Disney - $1M-$5M, all of it PayPal - $250K-$500K, all of it

Bought, new in 2026: Bloom Energy - $3M-$12M in shares and call options (July) Intel - $1.75M-$6.5M, mostly call options (May and July) Uber - $500K-$1M in call options (May)

A call option is the right to buy a stock later at a set price. It costs less than the shares, and it gains or loses value much faster.

Not on the chart: Alphabet and Amazon were each sold ($1M-$5M) and partly bought back ($750K-$1.5M and $600K-$1.25M). With ranges that wide, nobody can tell whether those two ended up net bought or net sold. Small call positions in Apple and Nvidia were bought on Dec 30 too, which is why those two say "part of it".

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Where the numbers come from

Companies in this picture

AppleAllianceBernsteinAmazonBloom EnergyDisneyGoogleIntelNvidiaPayPalUber

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