Market Signal

Congressional trade disclosures land on a 30–45 day statutory delay, so the May–June filings are only now fully on the record — and read together, they cluster. The most active disclosed traders in Congress spent those weeks accumulating the semiconductor, memory, and optical complex, the same supply-chain tightness themes covered in the memory-supercycle and optical-supercycle threads.

The clearest prints, by filer:

• Khanna household — a single June 4 filing wave across a dozen names: $NVDA, $AVGO, $MRVL, $MCHP alongside mega-cap and industrial ballast ($AAPL, $AMZN, $MS, $WMT, $ETN, $AMT), plus repeated $JPM adds through May and a $UBER buy dated June 14, the newest trade on the record.
• McCaul household — steady accumulation of quality compounders and semis-adjacent names: $MA four times between May 6 and June 9, $SPGI four times, $DHR three times, plus $COHR twice, $ANET, $ENTG, $KEYS, $APH, $WDAY, $DELL, and Infineon ($IFNNY).
• Gottheimer household — the heaviest thematic overlap: $AMD twice, $MU, $SNDK, $LITE, $FN, $ADI, $PANW, $TWLO between late April and May 21. Memory and optical names dominate the window.
• Pelosi household — the widely-circulated late-May filing: new $INTC and $UBER positions, trades dated May 28.
• Crenshaw — first trades ever on his disclosure record: $META in on April 27, out on May 4.

Two honest caveats. Filings disclose dollar ranges, not exact sizes, so "how much" is always a midpoint estimate. And the lag means every one of these trades is roughly six weeks old on arrival — this is a slow tell about how politically connected money is positioned, never a timing signal.