Inside 11,020 House trades: who traded most, who traded biggest and what the filings show

By Rosalind Kerrow

WASHINGTON — Members of the House and their families reported 11,020 stock, bond, fund and other securities trades on the periodic transaction reports they filed from Jan. 1, 2025, through Oct. 24, 2026, an Inquisitor analysis of the House Clerk’s public disclosure records shows. Ten members account for 6,770 of those trades, or 61%. Three-quarters of all the trades were reported in the smallest value range on the form, $1,001 to $15,000, but 66 were reported at more than $1 million apiece.

The reports came from 128 current and former members, 71 Republicans and 57 Democrats, across 807 original filings. Because the STOCK Act requires members to report the value of each trade only within a range, every dollar figure below is a range, not an exact amount. Each table links to the underlying filings on the Clerk’s site. Nothing in the reports, and nothing in this analysis, shows that any member traded on nonpublic information. No member named here has been found by the House Ethics Committee, the Office of Congressional Conduct or any court or regulator to have violated the law.

Key findings

• Rep. Gil Cisneros, D-Calif., reported more trades than any other member: 1,582, all listed as his own, across 20 reports. Rep. Lisa McClain, R-Mich., was second with 1,443, all listed as her spouse’s.
• Rep. Jefferson Shreve, R-Ind., reported the largest combined value, $86.0 million to $389.9 million, driven mostly by structured notes and index-linked annuities reported at $5,000,001 to $25,000,000 each.
• Republicans reported more trades (5,831 to 5,189) and a larger combined value than Democrats. Both parties have 23 members who reported at least one trade more than 45 days after it happened.
• Microsoft was the most-traded stock, with 171 trades by 34 members. Apple was traded by the most members, 37.
• Spouses, joint accounts and dependent children account for 47% of all reported trades. The leading House ban bills differ on whether those accounts would be covered.

The biggest traders by reported value

The table below ranks members by the combined value of their reported trades, adding the low ends and the high ends of each range separately. A member who reports one $5 million-to-$25 million purchase and sells the same holding later counts both trades, so the totals measure trading activity, not net worth or holdings.

Shreve’s total rests largely on a small number of very large lines. His reports list purchases of bank-issued structured notes and registered index-linked annuities from JPMorgan, Bank of Montreal, Morgan Stanley, Prudential and Brighthouse, many in the $5,000,001-to-$25,000,000 range, held in what the filings describe as an advisory account. His most-traded stocks by count were BlackRock, Halliburton and Home Depot. One purchase, a JPMorgan three-year auto-callable buffer note dated Dec. 30, 2025, appears with the same date and range on four separate original reports filed Dec. 30, 2025, through Jan. 2, 2026 (20033699, 20033700, 20033705 and 20033709). The reports do not say whether those are four purchases or one repeated. The table counts each line as printed; if the line is counted once, Shreve’s combined total is $71.0 million to $314.9 million, and he still ranks first.

Issa reported only three trades, but all were large: the April 2025 sale of an interest rate cap transaction with UBS at $25,000,001 to $50,000,000 in one report, and an October purchase and sale of a 3.375% Treasury note, each at $5,000,001 to $25,000,000, in his latest. Pelosi’s 39 trades were all made by her husband, Paul Pelosi, and included options and shares in Nvidia, Apple, Alphabet and Amazon. Peters’ 191 trades, all listed as his spouse’s, were mostly Treasury and other government securities.

Rep. Chip Roy, R-Texas, appears on the value list because of two lines on his wife’s account involving Atlas Energy Solutions, one of them a restricted stock unit entry reported at $5,000,001 to $25,000,000. A later amended report, which this analysis excludes, may supersede that line, and the Inquisitor has not treated it as a market purchase.

The most active traders by number of trades

Ranked by the number of trades, the list looks different. Members whose accounts are run by brokers or advisers who trade often can generate hundreds of lines in the smallest value range. The reports usually do not say who directed a trade.

Cisneros’ 1,582 trades included 942 purchases, and his most-traded stocks were DoorDash, Boston Scientific and W.R. Berkley. His most recent report, filed Oct. 12, lists the trades under a subholding labeled “150 Main Street Trust > Bank of America.” Sixty-four of his trades were reported more than 45 days after they occurred.

McClain’s 1,443 trades were all listed as her spouse’s, and 545 of them were reported more than 45 days after the trade, the most of any member, as the Inquisitor reported earlier today. Bresnahan reported 653 trades, mostly in his own name, and none late. Gottheimer’s 514 trades were all in joint accounts, and Julie Johnson’s 510 were as well. All 486 of April McClain Delaney’s trades were listed under a dependent child, as the Inquisitor reported separately.

Whose accounts they are

House reports list an owner for each trade. A little more than half of the trades in the period were in members’ own names. The rest were in spouses’ accounts, joint accounts or accounts of dependent children.

That split matters for the ban bills. The Restore Trust in Congress Act, H.R. 5106, from Roy, would cover spouses and dependent children and require them to divest covered investments within 180 days, with exceptions for diversified funds, Treasury securities, municipal bonds and compensation from a spouse’s employer, according to the bill text. The House-passed Stop Insider Trading Act, H.R. 7008, would bar new purchases by members, spouses and dependent children but would not require anyone to sell existing holdings. Its Senate prospects are covered in this morning’s story, and the spouse question in this afternoon’s.

How big the trades are

Most congressional trading, measured by line count, is small. Exactly 8,264 trades, or 75%, were reported at $1,001 to $15,000. Only 66 were reported at more than $1 million, and 21 of those at more than $5 million.

What they trade

The most-traded stocks were the largest U.S. technology companies. Of the 11,020 trades, 9,464 were in assets the filings classify as stocks and 804 in government securities. Purchases (5,508) and sales (5,446, including partial sales) were nearly even, with 66 exchanges.

Republicans and Democrats

Republicans reported more trades and a larger combined value. Most of the Republican edge in late-reported trades comes from three members, McClain, Letlow and Biggs, who together account for 933 of the 1,135 Republican late trades. Among Democrats, Hoyle, Torres and Cisneros account for 373 of 470.

How the most active traders voted on a ban

The House passed H.R. 7008 on July 22 by 232-198. Among the 14 sitting members in the by-count table, every Republican voted yes, and Gottheimer was the only Democrat to vote yes. Several Democrats who voted no cosponsor broader bans, H.R. 396 and H.R. 5106, which would also reach existing holdings.

What the data do and do not show

The reports show what members disclosed, when they disclosed it and in what range. They do not show exact amounts, profits or losses, who decided to make a trade, or whether a member knew about it in advance. A report filed more than 45 days after a trade breaks the STOCK Act’s deadline and carries a $200 late fee under House rules, which can be waived. That is the only kind of rule-breaking the filings themselves can show, and a late report is not evidence of insider trading.

Comment

The Inquisitor is seeking comment from the offices of the members in both tables, including Reps. Cisneros, Shreve, Lisa McClain, Bresnahan and Gottheimer, and from the House Administration Committee, which has jurisdiction over the ban bills, and the Committee on Ethics. This story will be updated with any response.

Methodology

The Inquisitor downloaded the House Clerk’s 2025 and 2026 financial disclosure indexes and every periodic transaction report filed from Jan. 1, 2025, through Oct. 24, 2026, and extracted each transaction line from the PDF reports. Each transaction line on a report counts as one trade, including separate lots of the same stock bought on the same day; lines repeated across separate reports were counted as printed, as noted for Shreve above. Seventeen amended reports were excluded so that trades would not be double counted; where an amendment changes a figure, as may be the case for Roy, the original is used and the difference is noted. A trade is counted as late if the report was filed more than 45 days after the transaction date. Combined values add the low and high ends of each reported range separately and are rounded. Party is the member’s party at the time of filing. Senate reports are not included because the Senate’s electronic disclosure system could not be accessed for this analysis.