Nancy Pelosi, Brad Gerstner Pile Into The Same 5 Stocks — What Do They See Coming?
One of the most followed members of Congress for their stock trading activity remains former Speaker of the House Nancy Pelosi (D-Calif.). Often disclosing large technology stock purchases made by her husband Paul Pelosi, the congresswoman’s trades have drawn increased scrutiny over the years due to questionable timing and a performance that has beaten the market.
Several of the stocks owned by the Pelosis are also holdings in the Altimeter Capital hedge fund, run by well-known investor, entrepreneur and podcaster Brad Gerstner.
Here's a look at the five stocks that appear in both Pelosi's portfolio and in the Altimeter Capital hedge fund.
The 5 Shared Stocks
The Benzinga Government Trades page for Pelosi shows five stocks in common with Altimeter Capital, based on the fourth quarter 13F filing.
Here are the five stocks Pelosi and Gerstner's Altimeter Capital have in common:
- Nvidia Corporation (NASDAQ:NVDA): The semiconductor giant is the top holding in Altimeter Capital's investment portfolio at 23% of assets. Pelosi has disclosed exercising 50 call options for 5,000 NVDA shares in January 2026. The congresswoman also previously announced exercising 500 call options for 50,000 shares back in December 2024, with 10,000 of those shares sold. Nvidia has been a popular stock for the Pelosis with shares bought and sold multiple times over the last five years.
- Microsoft Corporation (NASDAQ:MSFT): The technology giant is the third-largest holding in the Altimeter Capital hedge fund at 9.3% of assets. Pelosi's last Microsoft transaction was selling 5,000 shares in July 2024. That move followed exercising 50 call options in June 2023. The congresswoman still owns Microsoft shares with disclosures of 150 and 100 call options being exercised back in March 2021 that would likely be shares that are still in her portfolio.
- Amazon.com Inc (NASDAQ:AMZN): The ecommerce giant is the fourth-largest holding in Altimeter Capital's portfolio at 7.7% of assets. Pelosi recently disclosed exercising 50 call options for 5,000 AMZN shares in January 2026. The congresswoman also owns call options in Amazon that were purchased in December 2025 and could be exercised later this year.
- Alphabet Inc (NASDAQ:GOOGL): The technology giant is the 11th largest holding in the Altimeter Capital investment portfolio at 2.4% of assets. Pelosi disclosed exercising 50 call options for 5,000 GOOGL shares in January 2026. The congresswoman also owns call options that were purchased in December 2025. Pelosi likely also owns more common shares dating back to the exercising of call options in 2022.
- Broadcom Inc (NASDAQ:AVGO): The semiconductor giant is the 17th largest holding in the Altimeter Capital investment portfolio at 0.2% of assets. Pelosi disclosed exercising 200 call options in June 2025, giving her a 20,000 share stake in the company.
Of the five stocks shared in common by Pelosi and Altimeter Capital, four of them were positions that were increased by the Gerstner hedge fund in the fourth quarter. The hedge fund's Broadcom position was decreased during the fourth quarter, going from the 10th largest holding in the third quarter to 17th out of the current 18 holdings. Here were the fourth quarter position size changes to the five stocks:
- NVDA: +6%
- MSFT: +10%
- AMZN: +2%
- GOOGL: +66%
- AVGO: -96%
The increases in stocks that are held by Pelosi could signal increased bullishness by Altimeter Capital going forward.
Different Investing Styles
Pelosi's spouse, venture capitalist Paul Pelosi, is likely the one overseeing the investment decisions.
Pelosi's husband has a history of buying call options that are in the money and have expiration dates of a year from the purchase date. He later exercised the options into common stock.
Investments are often made in the technology sector, favoring large-cap names.
Pelosi's investments are made on a large scale. Transactions are often in the hundreds of thousands of dollars and sometimes in the millions.
Altimeter Capital focuses on long-term technology investments, often focusing on "founder-friendly" companies. The hedge fund invests in both private and public companies. The fund was founded in 2008 by Gerstner, who currently serves as the CEO.
The fund's 18 stock holdings were worth $6.7 billion at the end of the fourth quarter.
Gerstner recently said that we are in the early innings of a super cycle for software and cloud companies benefitting from the growth of AI and data center spending, during a recent interview. The investor highlighted positions in Nvidia and CoreWeave (NASDAQ:CRWV) during his recent interview.
“We think we’re really early in the super cycle,” Gerstner told CNBC.
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