Paul Pelosi, the husband of former House Speaker Nancy Pelosi, made significant stock trades worth $38 million in the weeks prior to President Donald Trump’s inauguration. Among his investments was a stake in a little-known artificial intelligence company, whose stock has seen a nearly 50% surge just this past week.
Paul, a venture capitalist married to Nancy, whose congressional district includes San Francisco, offloaded $24 million in Apple shares and $5 million in Nvidia stock. These trades took place on New Year’s Eve, as per public records, and Nancy Pelosi, as required by law, disclosed her husband’s transactions.
Paul Pelosi, who was attacked in a brutal hammer assault inside the couple’s San Francisco home more than two years ago, has also taken on a new role with Tempus AI, a health-tech company in Chicago that leverages artificial intelligence to process clinical and molecular data.
The filing reveals that Paul Pelosi purchased $100,000 worth of call options for Tempus AI on January 14. Since then, the company’s stock has risen sharply.
At the time of the January 14 market open, Tempus AI shares were priced around $32 each. By Thursday, however, the stock had increased to approximately $50.50 per share, marking a rise of 60%. The company had gone public last June at an initial public offering (IPO) price of $37 per share.
Christopher Josephs, a tech entrepreneur who operates the “Nancy Pelosi Stock Tracker” on X, created an app that allows investors to mirror the stock portfolio of the former House speaker’s husband.
Josephs shared with The Post that his Autopilot app, launched in January 2023, has facilitated more than $325 million in trades by users replicating Paul Pelosi’s investment strategy.
According to Josephs, traders who have followed Pelosi’s trades have seen a combined total of $45 million in both realized and unrealized gains as of Tuesday.
The Pelosis’ stock transactions have reportedly yielded impressive returns, as highlighted by the social media figure “Unusual Whales.”
In the year ending December 30, the couple’s stock portfolio saw an overall increase exceeding 70%. Paul Pelosi has also recently invested $500,000 in call options for Alphabet (Google’s parent company), Amazon, and Nvidia, based on public filings.
Exercising a call option allows an investor to purchase stock at a predetermined price — called the “strike price” — regardless of the stock’s current market price.
In her filing, Nancy Pelosi revealed that her husband exercised 500 call options for Nvidia at a $12 strike price and 140 call options for Palo Alto Networks, a cybersecurity firm, at a $100 strike price.
Additionally, Nancy reported that Paul purchased 50 call options for Vistra, an energy company based in Irving, Texas, at a $50 strike price, expiring on January 16, 2026. This transaction was valued between $500,000 and $1 million.
Vistra’s stock has jumped more than 33% over the past month, with shares trading at around $188 per share as of Wednesday afternoon.
A spokesperson for Nancy Pelosi clarified to The Post that the speaker does not hold any stocks and was unaware of or involved in any of her husband’s stock trades.
Nancy Pelosi’s net worth is estimated at over $240 million, largely due to her husband’s investments, which include large holdings in Apple, Nvidia, and Microsoft, as well as a real estate portfolio valued at $45 million.
Paul Pelosi’s stock activity, particularly his investments made just before significant legislative actions, has sparked ongoing discussions regarding potential conflicts of interest and calls for stronger regulations on lawmakers’ financial dealings.
Nancy Pelosi initially resisted proposals banning lawmakers and their spouses from engaging in stock trading, maintaining that her husband’s trading is independent and that she is not involved.
However, her remarks led to bipartisan criticism, fueling efforts to change laws governing the financial activities of lawmakers.
In September, former President Trump called for the prosecution of Nancy Pelosi over her husband’s Visa stock trades, which preceded a Justice Department lawsuit against the credit card company.
Last month, Nancy Pelosi, 84, underwent hip replacement surgery following a fall during a congressional trip to Luxembourg. She has since recovered and returned to Washington, DC, where she continues to represent her San Francisco district.
Despite stepping down from her role as Speaker, Pelosi remains a significant force within her party, as evidenced by her influence in encouraging President Biden to exit the 2024 race after a poor debate performance against Trump.
Before leaving office, Biden expressed support for a ban on sitting members of Congress and their spouses from trading stocks, marking a shift from his earlier stance. Reports also suggest a personal rift between the Bidens and Pelosis since Biden’s withdrawal from the race.
{Matzav.com}