Summary

Yesterday's read of the May–June congressional filings showed the most active filers accumulating the AI supply chain as a group. Today's follow-up asks a sharper question: across the eight tracked disclosure books, where do two or more members actually own the same name? The answer is startlingly narrow — and the narrowness is the finding.

The overlap is three tickers wide

Across all eight tracked filers — 47 open positions between them — exactly three names appear in more than one book: $NVDA, $AVGO, and $UBER. And it is the same pair every time: the Pelosi and Khanna households. No third member joins them anywhere. Tuberville, Crenshaw, and Greene currently mirror to empty books; Wasserman Schultz holds two names nobody else touches.

Only one of the three was a same-season convergence: $UBER, bought by the Pelosi household on May 28 and the Khanna household on June 14 — the single instance in 2026 of two different filers buying the same stock in the same filing window.

What the "consensus" bought is underwater; what one member bought alone is not

Six weeks after those trades hit the record, the scoreboard inverts the intuition that overlap equals signal. The consensus trio closed the week soft: $UBER at $65.94 is down 10.7% over 30 days (RSI 33, still falling), $NVDA at $206.84 is roughly flat on the month, $AVGO at $381.92 is flat on 30 days and down 9.5% over three.

The strongest disclosed conviction wasn't shared at all. The McCaul household bought $MA four times, $SPGI four times, and $DHR three times between early May and mid-June — repeat accumulation, no other filer following. Those prints closed the week up 9.3%, up 12.0%, and up 1.6% respectively over 30 days, with $MA in a clean uptrend at $539.66. One member quietly averaging into payments and data compounders has, so far, beaten the only trade two members agreed on.

Where agreement actually lives

Read at the theme level instead of the ticker level, the June filing wave does cluster — three households (Gottheimer, McCaul, Khanna) bought into memory, optical, and semis names in the same six weeks without ever sharing a ticker. That complex-level convergence is the subject of yesterday's note, and it remains the stronger claim: disclosed political money agreed on the theme and diversified across its expressions.

Two honest caveats carry over. Filings disclose dollar ranges, not sizes, so "four buys" measures persistence rather than weight. And the 30–45 day statutory lag means every print here was already six weeks old on arrival — this is a positioning tell, never a timing signal.

What to watch

The next monthly filing wave answers two questions this one can't: whether the Pelosi–Khanna $UBER convergence gets added to on weakness (conviction) or quietly exited (noise), and whether anyone joins McCaul in the payments complex — a second filer in $MA or $SPGI would create the first genuine multi-member position cluster on the record.

Sources: STOCK Act periodic transaction reports via capitoltrades.com politician filing pages (May–July 2026); prices from the July 25 end-of-week scan (Friday, July 24 close). Companion note: "Disclosed money: Congress's most active traders spent May and June buying the AI supply chain" (July 24, 2026).

Sources

• Price/RSI/trend truth: * (pre-computed 2026-07-24 close bars, pulled 2026-07-25)
• Position/overlap facts: paper-trades/LEDGER.json` mirror books + -congress- disclosure events
• Filing record: capitoltrades.com politician filing pages (STOCK Act PTRs)
• Companion signal: 2026-07-24-congress-disclosures-buying-ai-supply-chain