Nancy Pelosi — personal/spousal disclosures (Paul Pelosi book)
Rep. Nancy Pelosi (D-CA); trades executed by spouse Paul Pelosi, a SF venture/real-estate investor. Disclosed under the STOCK Act PTR regime.
The single most-tracked congressional book and a near-archetype of the AI/compute/power trade: concentrated, long-dated call options on mega-cap AI semis and the power names that feed datacenters, often exercised deep in-the-money. The 2026 repositioning rolled big-tech equity into fresh calls on AI compute (NVDA), hyperscalers (GOOGL, AMZN), AI-security (PANW), AI-health (Tempus), plus a clean datacenter-power bet via Vistra (VST) calls exercised into stock.
Top holdings
long (calls + shares) — Core AI-compute holding; Dec-2025 sold 20k shares ($1M-$5M), Jan-2026 exercised 50 calls (strike $80) into 5k shares ($250K-$500K).
~$500K-$1M (50 calls→5k shares) — Datacenter-power / nuclear-adjacent IPP; Jan-2026 exercised 50 VST calls (strike $50) into 5,000 shares — the clearest AI-power-demand bet.
AI networking/custom-silicon; Jun-2025 exercised 200 calls into 20k shares at ~71% discount to market.
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Our take
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