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How to Trade What Congress Trades on the Cheap

If you’ve ever tried to “trade what Congress trades,” you already know the biggest challenge:

By the time you see a headline about a lawmaker’s transaction, it’s usually old news.

That lag is built into the system. Under the STOCK Act’s periodic transaction reporting requirement, covered officials must file a report within 30 days of receiving notice of a transaction, but no later than 45 days after the transaction occurs. In plain English: even if you’re watching disclosures closely, you’re often reacting to something that happened weeks ago.


The headline example everyone follows

A fresh example illustrates why congressional disclosures draw so much attention—and why trying to “mirror” them trade-by-trade is difficult.

In a Periodic Transaction Report signed January 23, 2026, Rep. Nancy Pelosi disclosed a cluster of activity across major large-cap names and an asset manager. The filing includes, among other line items:

  • Alphabet (GOOGL): exercised 50 call options purchased on 1/14/25 (5,000 shares) at a $150 strike, expiring 1/16/26

  • Alphabet (GOOGL): purchased 20 call options (12/30/25) at a $150 strike, expiring 1/15/27

  • Amazon (AMZN): purchased 20 call options (12/30/25) at a $120 strike, expiring 1/15/27

  • Amazon (AMZN): sold 20,000 shares (12/24/25)

  • Apple (AAPL): sold 45,000 shares (12/24/25) and purchased 20 call options (12/30/25) with a $100 strike, expiring 1/15/27

  • AllianceBernstein (AB): initiated a position, purchasing 25,000 shares (1/16/26)

  • PayPal (PYPL): sold 5,000 shares (12/30/25)

That is an attention-grabbing set of trades, and it helps explain why retail investors try to follow congressional activity.

But here’s the operational reality: most investors can’t track dozens of lawmakers, interpret options activity, and act confidently on disclosures that arrive weeks late. Which is where the “cheap” solution comes in.


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The practical solution: two ETFs that systematize congressional disclosures

Instead of trying to mirror individual lawmakers trade-by-trade, you can outsource the tracking into diversified vehicles built around reported disclosures.

ETF: Unusual Whales Subversive Democratic Trading ETF (SYM: NANC)

NANC is designed to provide exposure to equity securities associated with trading disclosures from Democratic members of Congress and their spouses. The fund’s fact sheet states it partnered with Unusual Whales to provide access to “near-real-time trading disclosures,” and that the fund engages in “active and frequent trading,” explicitly stating it “only buy[s] or sell[s] what members of Congress hold.”

Key details from the fund’s fact sheet:

  • Expense ratio: 0.74%

  • Inception date: 02/07/2023

  • Holdings (count): 149 (as of the fact sheet date)

Top holdings snapshot (as of 09/30/2025): Nvidia, Microsoft, Alphabet, Amazon, Apple, American Express, Salesforce, Philip Morris, Netflix (weights listed on the fact sheet).

Translation: NANC has tended to reflect a more large-cap, growth/tech-tilted footprint—at least based on that holdings snapshot—because that’s what the underlying disclosures have implied.

ETF: Unusual Whales Subversive Republican Trading ETF (SYM: GOP)

GOP applies the same concept, but focuses on trading disclosures tied to Republican members of Congress and their spouses. Like NANC, it states it will engage in “active and frequent trading” and is intended to reflect what those members “hold.”

Key details from the fund’s fact sheet:

  • Expense ratio: 0.74%

  • Inception date: 02/07/2023

  • Holdings (count): 140 (as of the fact sheet date)

Top holdings snapshot (as of 09/30/2025): Comfort Systems USA (FIX), JPMorgan (JPM), iShares Bitcoin Trust (IBIT), Nvidia (NVDA), Intel (INTC), Arista Networks (ANET), AT&T (T), Allstate (ALL), National Fuel Gas (NFG), Chevron (CVX).

Translation: GOP has recently reflected a more industrial/financial/energy/crypto-adjacent mix—again, based on that disclosed-holdings snapshot.


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A simple way to use these ETFs without overthinking them

If your objective is “exposure to what Congress trades” while staying disciplined, consider these implementation ideas:

Option A: Split exposure (party-neutral approach).
Allocate across both NANC and GOP (for example, 50/50). This reduces the risk that your results are driven purely by one side’s sector tilts in a given year. It also makes your thesis about disclosure-following mechanics, not politics.

Option B: Use one ETF as a “satellite” position.
Keep a core portfolio (broad index funds, dividend ETFs, etc.), then add a small position in NANC or GOP as an “overlay” that reflects congressional portfolio drift.

Option C: Treat them as tactical, not permanent.
Because the underlying data arrives with a lag, these funds may best be viewed as trend-following exposures to what disclosures have been showing—not as vehicles for short-term event trading.

The most important caveats (read these)

  1. Disclosure lag is real. Even with an ETF wrapper, the inputs still come from filings subject to the STOCK Act’s 30–45 day window.

  2. Holdings can be concentrated. Both funds’ top holdings lists show meaningful weights in a handful of names at times.

  3. They trade frequently. “Active and frequent trading” can translate to higher turnover and potentially less tax efficiency than broad index ETFs.

  4. Regime/sector risk matters. A fund can “outperform” simply because its disclosed holdings happened to be in the right sectors. This is not the same as guaranteed “edge.”


The Wealthiest Investor

A 2026 AI Shift Investors Should Understand

In 2026, artificial intelligence is no longer a future concept in finance—it’s already shaping how decisions are made.

AI systems are now being used to evaluate risk, monitor transactions, and influence access to credit and financial services, often behind the scenes.

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Have you ever had luck trying to trade alongside congress? What other specific sectors of the market are you currently interested in? Hit "reply" to this email and let us know your thoughts!



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