Nancy Pelosi purchases Broadcom (AVGO) stock options in anticipation of company split

Rep. Nancy Pelosi has had a successful year in 2024, with her investments showing a significant increase in profits. Through June, her portfolio was up 28%, more than double what was expected, surpassing the S&P 500 Index profitability of 11.5%. The Pelosi family’s purchase of Nvidia options last November contributed over $4 million to these profits.

Between June 24 and July 1, Pelosi made four trades, including selling Tesla shares and purchasing Broadcom call options with a strike price of $800 and an expiration date in 2025. She also bought NVDA shares and sold shares of NVDA and Visa.

Pelosi’s recent purchase of AVGO stock comes ahead of the company’s upcoming stock split. Broadcom, like Nvidia, has benefited from the rise of AI and has seen a 59% increase in value in 2024. With strong revenue growth and a focus on emerging AI opportunities, Broadcom is expected to continue to perform well.

Investors have been following Pelosi’s investments closely due to her successful track record. Pelosi’s strategy, which seeks to replicate the Pelosi family’s portfolio, has shown a compound annual growth rate of 22.79% since 2014. Her husband, Paul Pelosi, is the one making the investment decisions on behalf of the family.

Paul Pelosi has a long financial track record and is the founder of an investment company. Other holdings in the Pelosi Family Portfolio include Netflix, Salesforce, and Disney. Eddie Pan, who specializes in institutional investing and insider trading, has positions in NVDA, GOOGL, and META at the time of publication.

Overall, Pelosi’s investments have been performing well in 2024, with successful trades contributing to significant profits. Investors continue to watch her portfolio closely for insights into market trends and investment opportunities.

Article Source
https://investorplace.com/2024/07/nancy-pelosi-just-bought-broadcom-avgo-stock-calls-ahead-of-its-split/