Former House Speaker Nancy Pelosi and her husband share eight artificial intelligence stock holdings with a prominent Wall Street investment fund – and the news has raised questions about what the couple knows is coming.
The Dan Ives Wedbush AI Revolution ETF, which launched earlier this year, contains 30 holdings. Eight of those stocks also appear in the Pelosi family’s publicly disclosed investment portfolio.
The shared holdings are Broadcom, Apple, Nvidia, Amazon, Microsoft, CrowdStrike, Salesforce, and Palo Alto Networks — large technology companies with major roles in artificial intelligence development.
Broadcom ranks as the fourth-largest holding in the Dan Ives ETF at 5.14% of assets. Paul Pelosi purchased 20 Broadcom call options with a strike price of $800 on June 24, 2024. Those options had an expiration date of June 20, 2025. Broadcom underwent a 10-for-1 stock split on July 15, 2024.
On June 20, 2025, Paul Pelosi exercised 200 call options to purchase 20,000 shares of Broadcom at the $80 strike price, a 71% discount to the market price. The stock has more than doubled since the original options purchase in June 2024.
Apple is the sixth-largest holding in the Dan Ives ETF at 5.02% of assets. The Pelosis have frequently purchased Apple stock throughout Nancy Pelosi’s career. Paul Pelosi sold 31,600 Apple shares on December 31, 2024.
Nvidia, the semiconductor giant, represents 4.40% of assets in the Dan Ives ETF as the seventh-largest holding. A January 2025 filing showed Paul Pelosi bought 50 call options with a strike price of $80 and an expiration date of January 16, 2026.
The Pelosi’s received public backlash in 2022 for selling 25,000 Nvidia shares after Congress passed the CHIPS Act.
Amazon makes up 4.09% of assets in the Dan Ives ETF as the ninth-largest holding. Paul Pelosi disclosed buying 50 call options of Amazon with a strike price of $150 and an expiration date of January 16, 2026, in January of this year.
Microsoft, the tenth largest holding at 3.96% of assets in the Dan Ives ETF, remains in the Pelosi portfolio from options exercised in 2021 and 2022. Paul Pelosi exercised 250 call options for 25,000 Microsoft shares in 2021. He sold 5,000 shares in 2024.
CrowdStrike, at 3.07% of assets in the Dan Ives ETF, was added to the Pelosi portfolio in September 2020 when Paul Pelosi bought 5,000 shares.
Salesforce ranks at 3.03% of assets in the Dan Ives ETF. Paul Pelosi exercised 100 call options for 10,000 Salesforce shares in 2020.
Palo Alto Networks, at 2.74% of assets in the Dan Ives ETF, was added to the Pelosi portfolio in December 2024 when Paul Pelosi exercised 140 call options for 14,000 shares valued at $1 to $5 million.
The Pelosi family’s investment strategy has drawn frequent scrutiny for almost perfectly-timed trades over the years in technology stocks.
The couple’s net worth is estimated between $250 million and $290 million. Nancy Pelosi’s congressional salary is a more modest $174,000 as a rank-and-file member of Congress.
Nancy Pelosi recently announced she will not run for re-election to Congress in 2026, ending her long tenure in the House of Representatives. This means she will no longer need to disclose her husband’s trading activity beginning in January 2027.
According to data from Quiver Quantitative, which tracks congressional trading, Nancy Pelosi ranked tenth among Congress members in annual portfolio return from 2023 to 2024, achieving a return of 70.9%.
Senator Josh Hawley reintroduced the Preventing Elected Leaders from Owning Securities and Investments Act (PELOSI Act) in early 2025, which would prohibit members of Congress and their immediate families from owning or trading individual stocks. It has not been passed by lawmakers.