David J. Trone (D-MD-6), a former Democratic member of the House, has disclosed 48 trades since 2019: 17 purchases worth about $36.08M and 31 sales worth about $26.05M, in 7 stocks. Most traded: MS, AAPL, GS. As a portfolio, their stock holdings and trades returned +344.0% from Mar 2020, against +158.7% for the S&P 500. Trades took a median 231 days to be disclosed; 41 came late.
David J. Trone’s disclosed stock holdings and trades run as one portfolio, against the S&P 500: what $10,000 would have grown to. Since March 2020: +344.0%, against +158.7% for SPY; the largest fall on the way was -31.4%.
| Portfolio | Since | Return | S&P 500 | Difference | CAGR | Max Drawdown | Sharpe | Beta |
|---|---|---|---|---|---|---|---|---|
| David J. Trone | Trading began inside this range: see All | |||||||
| Portfolio | Since | Return | S&P 500 | Difference | CAGR | Max Drawdown | Sharpe | Beta |
|---|---|---|---|---|---|---|---|---|
| David J. Trone | Nov 2023 | +52.2% | +35.9% | +16.4% | +43.6% | -12.5% | 1.96 | 1.07 |
| Portfolio | Since | Return | S&P 500 | Difference | CAGR | Max Drawdown | Sharpe | Beta |
|---|---|---|---|---|---|---|---|---|
| David J. Trone | Nov 2021 | +64.9% | +26.8% | +38.1% | +17.1% | -31.4% | 0.76 | 1.21 |
| Portfolio | Since | Return | S&P 500 | Difference | CAGR | Max Drawdown | Sharpe | Beta |
|---|---|---|---|---|---|---|---|---|
| David J. Trone | Trading began inside this range: see All | |||||||
| Portfolio | Since | Return | S&P 500 | Difference | CAGR | Max Drawdown | Sharpe | Beta |
|---|---|---|---|---|---|---|---|---|
| David J. Trone | Mar 2020 | +344.0% | +158.7% | +185.3% | +36.5% | -31.4% | 1.21 | 1.32 |
How it is built. On each annual financial disclosure’s filing date the book is reset to the stocks the report lists, at the midpoints of their value ranges. Between reports, each disclosed purchase buys the midpoint of its range at the trade-date close and each sale sells its midpoint. Options count as their underlying stock at their reported value. Returns are time-weighted on split-adjusted prices without dividends, for SPY as well. ETFs, funds, bonds and private holdings are not modelled, and a former member’s record ends with their last term.
| Stock | Sector | Held (est.) | Weight | Return Held | Trades | Buys | Sells | Bought (est.) | Sold (est.) | Buys vs SPY | Last Traded |
|---|---|---|---|---|---|---|---|---|---|---|---|
| MSMorgan Stanley | Financial Services | Closed | – | – | 2 | 1 | 1 | $75.00K | $175.00K | +288.0% | Feb 16, 2023 |
| VOYAVoya Financial, Inc. | Financial Services | Closed | – | – | 1 | 0 | 1 | $0.00 | $175.00K | – | Nov 4, 2019 |
| GSGoldman Sachs Group Inc | Financial Services | Closed | – | – | 1 | 0 | 1 | $0.00 | $75.00K | – | Feb 16, 2023 |
| PEPPepsico Inc | Consumer Staples | Closed | – | – | 1 | 0 | 1 | $0.00 | $75.00K | – | Nov 1, 2023 |
| VFCV F Corp | Consumer Discretionary | Closed | – | – | 1 | 0 | 1 | $0.00 | $32.50K | – | Oct 3, 2019 |
| AAPLApple Inc. | Technology | Closed | – | – | 1 | 0 | 1 | $0.00 | $8.00K | – | Mar 4, 2020 |
| KTBKontoor Brands, Inc. | Consumer Discretionary | Closed | – | – | 1 | 0 | 1 | $0.00 | $8.00K | – | Mar 4, 2020 |
Estimates. Held positions are rebuilt from the disclosed trades since 2012 (purchases at the midpoint of their range, less sales) and valued at the last close. Shares bought before 2012, received outside a trade or held in options are not included; for a former member nothing is shown as held.
Trades by the month they were made: purchases above the line, sales below.
| Owner | Type | Filing | |||||||
|---|---|---|---|---|---|---|---|---|---|
| PEPPepsico, Inc. | Spouse | Sell | $50K–$100K | Nov 1, 2023 | May 15, 2024 | 196d late | -14.8% | -92.8% | |
| US Treasury Bill 03/07/2024Bond | Joint | Sell | $500K–$1M | Nov 16, 2023 | May 15, 2024 | 181d late | – | – | |
| US Treasury Bill 03/07/2024Bond | Joint | Buy | $500K–$1M | Sep 6, 2023 | May 15, 2024 | 252d late | – | – | |
| US Treasury Bill 07/20/2023Bond | Joint | Buy | $1M–$5M | Apr 18, 2023 | May 15, 2024 | 393d late | – | – | |
| US Treasury Bill 07/20/2023Bond | Joint | Sell | $1M–$5M | Jul 20, 2023 | May 15, 2024 | 300d late | – | – | |
| US Treasury Bill 08/24/2023Bond | Joint | Sell | $1M–$5M | Aug 24, 2023 | May 15, 2024 | 265d late | – | – | |
| US Treasury Bill 08/24/2023Bond | Joint | Buy | $1M–$5M | Jun 1, 2023 | May 15, 2024 | 349d late | – | – | |
| US Treasury Bill 09/26/2023Bond | Joint | Buy | $500K–$1M | Jun 12, 2023 | May 15, 2024 | 338d late | – | – | |
| US Treasury Bill 09/26/2023Bond | Joint | Buy | $1M–$5M | Jun 1, 2023 | May 15, 2024 | 349d late | – | – | |
| US Treasury Bill 09/26/2023Bond | Joint | Sell | $1M–$5M | Sep 26, 2023 | May 15, 2024 | 232d late | – | – | |
| US Treasury Bill 10/17/2023Bond | Joint | Sell (Partial) | $500K–$1M | Oct 2, 2023 | May 15, 2024 | 226d late | – | – | |
| US Treasury Bill 01/18/2024Bond | Joint | Sell | $1M–$5M | Nov 2, 2023 | May 15, 2024 | 195d late | – | – | |
| US Treasury Bill 10/17/2023Bond | Joint | Sell | $500K–$1M | Oct 12, 2023 | May 15, 2024 | 216d late | – | – | |
| US Treasury Bill 10/17/2023Bond | Joint | Buy | $1M–$5M | Jun 15, 2023 | May 15, 2024 | 335d late | – | – | |
| US Treasury Bill 11/16/2023Bond | Joint | Buy | $1M–$5M | Jul 5, 2023 | May 15, 2024 | 315d late | – | – |
Tip. Hover a row for the filing’s full asset text and comments; the PDF link opens the report itself.
David J. Trone (D-MD-6), a former Democratic member of the House, has disclosed 48 trades since 2019: 17 purchases worth about $36.08M and 31 sales worth about $26.05M, in 7 stocks. Most traded: MS, AAPL, GS. As a portfolio, their stock holdings and trades returned +344.0% from Mar 2020, against +158.7% for the S&P 500. Trades took a median 231 days to be disclosed; 41 came late.
As a portfolio, their stock holdings and trades returned +344.0% from March 2020 to November 2026, against +158.7% for the S&P 500, with a largest fall of -31.4%. On the filing date of each annual financial disclosure, the book is reset to the stocks it lists, at the midpoint of each value range. Between reports, each purchase buys the midpoint of its disclosed range at the trade-date close and each sale sells its midpoint. Options count as their underlying stock at their reported value. ETFs, funds, bonds and private holdings are left out. The return is time-weighted, on prices that are adjusted for splits but not dividends, and SPY is measured the same way. A member's record ends with their last term.
Their trades took a median 231 days to be disclosed. 41 of 48 trades were filed after the 45 days the STOCK Act allows.
Members of Congress disclose trades as dollar ranges, up to 45 days after the trade and sometimes later. Volumes use the midpoints of those ranges and are estimates; portfolio figures are a model built from the disclosed trades, not the members’ actual accounts. Not investment advice.