Nancy Pelosi has filed her latest financial disclosure. It shows she exercised 200 call options on Broadcom, originally bought on June 24, 2024. The strike price was $80. That move came just days before Broadcom’s 10-for-1 stock split, which lands July 15. AVGO’s up 59% year to date. The timing was dialed in. Total transaction value clocked between $1 million and $5 million.
Broadcom’s second quarter revenue came in at $12.49 billion. That’s a 43% jump from the prior year. The company is locked into multiple AI contracts including new supply lines for Alphabet and Meta. Pelosi’s calls hit full value just before the split. The stock closed at $273. Her portfolio is up 36.29% this year. That’s more than twice the S&P’s 16.4%.
She also unloaded shares from the Matthews International Mutual Fund. It’s down 11.2% on the year. The sale was recorded as a loss, falling in the range of $15,001 to $50,000. For most investors, that kind of dip hurts. For Pelosi, it registers as background noise.
The STOCK Act was created in 2012 to require lawmakers to disclose trades. It mandates reports within 45 days. It does not prohibit trading. Pelosi filed on time. Congress made over $25 million in trades over the past twelve months. The SEC hasn’t flagged violations. No enforcement. No restrictions. Just a running ledger.
Pelosi isn’t the only one playing markets from the inside. But her Broadcom trade stands out for timing and scale. She picked up deep-in-the-money options at $80 and exercised just before a split that opens retail interest. The move is legal. The optics aren’t subtle.
Congress has access to legislation, contract pipelines, and regulatory calendars. When they trade, they do it with full awareness of what’s coming. Until there’s a full audit system, blind trusts, and enforced bans, the swamp trades freely. Everyone else watches from the sideline.
Sources:
https://house.stockwatch.report/member/Nancy_Pelosi/
https://finance.yahoo.com/news/pelosi-exercises-broadcom-options-ahead-of-stock-split
https://www.fastcompany.com/91366221/pelosi-broadcom-options-split-performance
