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‘Queen of Stonks’ Nancy Pelosi’s Stock Portfolio Fell 20% Past Year, Underperforming Even Funds that Track the Failing S&P 500

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The rule of Nancy Pelosi as the “Queen of Stonks” seems to have ended last year. In 2022, the portfolio of the former House speaker decreased by 19.8%, based on a study of Congressional trading released last week by Unusual Whales.

As a result, Pelosi’s holdings underperformed the benchmark stock market index-tracking SPDR’s S&P 500 ETF Trust. This fund lost almost 18.2% the previous year as the S&P 500 itself fell by 19.4% due to increasing inflation, rising interest rates, and the conflict in Ukraine.

queen of stonks nancy pelosi s stock portfolio fell 20 last year underperforming even etfs that follow the ailing s p 500 scaled 1

High-profile trading meme Twitter accounts like Dr. Parik Patel and Litquidity commonly feature Pelosi’s transactions.

The reports make fun of the 82-year-old and her husband Paul, describing them as risk-takers who occasionally profit from insider knowledge thanks to her contacts in Congress.

But Pelosi’s tech-heavy portfolio failed in 2018 after outperforming the market from 2019 to 2021.

Like the Federal Reserve increased interest rates from near-zero to about 4.5% in 2022, tech companies struggled as the rising borrowing costs ate away at the future earnings that are the foundation of their value.

the dow dogs worked last year but this approach may generate more profit in 2023 360x240 1

According to a report by Unusual Whales, Pelosi reported her ownership of shares in Tesla and Roblox in March. Between that point till the conclusion of the year, the two stocks dropped 25.3% and 56.8%, respectively.