Washington, June 21, 2026 – Congressional disclosures released this week reveal that the Pelosi family continues to hold substantial positions in leading technology and artificial intelligence companies, even after selling significant amounts of Apple, Nvidia, and Amazon shares late last year. The filings, which cover spouse-owned holdings, show stakes valued between $5 million and $25 million each in Alphabet, Amazon, Apple, Broadcom, Microsoft, Nvidia, Salesforce, and Visa.
Portfolio Composition
The latest report, filed May 15, details a portfolio heavily concentrated in AI and tech infrastructure. In addition to the major holdings, the Pelosi family reported positions of $1 million to $5 million in American Express, CrowdStrike, Netflix, and Palo Alto Networks. Smaller stakes were disclosed in Interactive Brokers, Block, Dropbox, and Roblox. The filing also includes $1 million to $5 million in Forge Investments, which holds Databricks shares.
In January, a transaction showed the purchase of 25,000 units of AllianceBernstein, valued between $1 million and $5 million. The report also listed the exercise of call options for 5,000 shares each in Alphabet, Amazon, Nvidia, Tempus AI, and Vistra. Call options grant the holder the right to buy shares at a predetermined price before expiration.
Market Context
The disclosures come amid a strong week for U.S. markets. The Nasdaq Composite rose 2.43% in the holiday-shortened week, driven by semiconductor stocks. The Philadelphia Semiconductor Index surged 6.4% on Thursday, the last trading day before the Juneteenth holiday. The S&P 500 gained 0.93%, and the Dow Jones Industrial Average added 0.71%.
Semiconductor demand remains robust. "Demand is just through the roof in relation to chip capacity," said Steve Kolano, CIO at Integrated Partners. Andy Pratt, investment-strategy director at Burney Company, noted that the AI trade still has "a lot of juice." However, Drew Matus of MetLife Investment Management expressed caution, saying he is "worried about the wealth effect going away."
Key Holdings and Prices
As of Thursday's close, Alphabet shares traded at $368.03, Apple at $298.01, Amazon at $244.39, Nvidia at $210.69, Vistra at $163.75, and Tempus AI at $50.84. These prices reflect market valuations but do not represent the exact holdings of the Pelosi family.
The filings also reveal that on December 30, call options were traded for 20 contracts each in Alphabet at a $150 strike, Amazon at $120, and Apple and Nvidia at $100, all expiring January 2027. Earlier, on December 24, 45,000 Apple shares were sold, along with 20,000 each in Nvidia and Amazon.
Concentration Risks
The portfolio's heavy tilt toward AI and tech raises concerns about concentration risk. If AI spending slows, chip supply stabilizes, or higher interest rates pressure tech valuations, the trade could reverse. Options purchased can expire worthless. Congressional disclosures reflect ranges and may lag actual trades, so the current portfolio may differ from reported figures.
Pelosi's office has stated she holds no stocks in her own name. She has previously supported a potential congressional trading ban, arguing lawmakers should work for "the public interest — not their personal portfolios." The filings do not indicate wrongdoing and should not be interpreted as real-time trading signals.
Upcoming Events
Investors will watch Micron's fiscal third-quarter results, due Wednesday after the close at 4:30 p.m. EDT. On Thursday at 8:30 a.m., the Bureau of Economic Analysis will release May personal income and outlays, including the PCE price index, the Federal Reserve's preferred inflation measure.
