What Stocks Congress Members Are Buying Most in 2024

Tracking congressional investment activity has emerged as a surprisingly effective strategy for individual investors looking to gain insights into institutional thinking. When U.S. Congress members and their families make stock purchases, they’re often making calculated decisions based on deep industry knowledge. The question then becomes: which stocks are congress members actively accumulating, and what can this tell us about market direction?

Why Congressional Trading Strategies Matter to Your Portfolio

Congress members operate under strict disclosure requirements, meaning their portfolio moves are public record. This transparency creates a unique opportunity for retail investors to monitor what the most influential figures in American politics are actually buying—not what they’re saying, but where they’re putting their money.

Quiver Quantitative has been systematically tracking these congressional purchases and building an automated trading strategy around the most frequently acquired stocks. The results have been compelling: the Congress Buys Strategy has delivered a 38.40% annualized return since inception, with a 41.41% return over the past year. More impressively, the strategy gained 11.28% over the past month and 3.98% over the past week, suggesting that congressional buying patterns continue to signal emerging market trends.

Tech Giants Dominate the Congressional Buy List

The composition of congressional portfolios reveals a clear preference for technology and semiconductor stocks. This sector concentration tells us something important about where Washington insiders believe future growth lies.

NVDA (NVIDIA) stands as the undisputed leader in congressional holdings, commanding 42.82% of the total Congress Buys Strategy allocation. Over the past year alone, Congress members have made 146 separate purchases of NVIDIA stock, totaling at least $5,406,000 across 21 different members. This isn’t casual investing—it represents a sustained, deliberate accumulation of the semiconductor giant.

Following closely, AVGO (Broadcom) claims 27.92% of the portfolio, with congressional activity increasing substantially since the last rebalance. The strategy’s position in Broadcom jumped 11.74%, driven by 80 purchases totaling at least $1,367,000 from 17 different members over twelve months. Both NVDA and AVGO’s dominance underscores congressional confidence in the semiconductor and infrastructure chip sectors.

AMZN (Amazon) rounds out the top tier at 12.13%, with 221 congressional purchases over the year—the highest purchase frequency on the list. These transactions total at least $4,701,000 and involve 23 different members. What’s notable here is that despite being the most frequently purchased stock on the list, Amazon occupies a smaller position than NVDA or AVGO, suggesting that individual congressional purchases of Amazon tend to be smaller in dollar value.

MSFT (Microsoft) appears further down the allocation list at just 0.75%, yet the data reveals something fascinating: Microsoft has received 166 congressional purchases totaling at least $13,150,000—the second-highest dollar amount on the entire list. This suggests that while Microsoft is widely held, individual congressional members are buying larger quantities of NVIDIA and Broadcom chips than they are of Microsoft shares.

Top Congressional Holdings and Their Performance Metrics

Beyond the technology sector, Congress has been diversifying into energy and media. VLO (Valero Energy) holds 1.57% of the portfolio with 19 purchases totaling at least $82,000. CVX (Chevron) commands 0.66% with 62 purchases worth at least $1,561,000 across 8 members. These energy allocations suggest congressional confidence in the energy sector’s near-term prospects.

LBRDK (Liberty Media) occupies 7.86% of the portfolio, though notably with a -6.74% position adjustment indicating reduced congressional interest. This stock has seen 25 purchases over the year worth at least $1,885,000 from just 3 members, making it a more concentrated bet within congressional portfolios.

TSM (Taiwan Semiconductor Manufacturing Company) receives minimal attention at 3.11%, with only 13 purchases totaling $457,000 across 4 members. Similarly, IBM holds 1.60% after 68 purchases worth at least $573,000.

Smaller Emerging Positions in the Congressional Playbook

The least significant allocations reveal where congressional buying is experimental or speculative. USIG (iShares Investment Grade Corporate Bond ETF) occupies just 1.57% with a single purchase of $50,000, suggesting this may be a one-off position by an individual member testing the bond ETF space.

These smaller positions, while individually insignificant, collectively paint a picture of congressional diversification—spreading bets across semiconductors, energy, retail, and fixed income to hedge against concentration risk.

Should You Follow Congress’s Investment Playbook?

The data presents a compelling case for monitoring congressional buying patterns. When we see 21 different Congress members collectively purchasing over $5 million worth of NVIDIA stock, or 23 members accumulating nearly $4.7 million in Amazon, we’re witnessing institutional-grade conviction expressed through personal capital.

The stocks congress members are buying in 2024 lean heavily toward technology infrastructure and semiconductor innovation—sectors that are reshaping American competitiveness. Whether you choose to mirror these holdings exactly or simply use them as a sentiment gauge for your own research, congressional trading patterns offer a window into how those closest to government policy view the future economy.

For investors interested in systematically following these trends, the Congress Buys Strategy demonstrates that this approach has generated real returns: 38.40% CAGR since inception and 41.41% over the past year. While past performance doesn’t guarantee future results, the consistency of this signal across multiple timeframes suggests that monitoring which stocks congress members are actively buying remains a viable component of a diversified investment research strategy.