This week in power × markets

the briefing · 2026-09-22

Congressional portfolios and federal policy machinery keep landing on the same tickers — nine members traded $BA and $T while both sit on the federal contract pipeline, and three traded $DELL on a day Silver Lake entities dumped roughly $455 million of it.

• $DELL is the tightest convergence on the board: three members disclosed trades in a stock carrying both federal contract activity and a 204-transaction insider selling wave worth about $454.8 million on 2026-09-21, led by Sl Spv-2, L.P. and Silver Lake Partners V De (AIV), L.P. plus three other filers. Nine members each traded $BA and $T, and eight traded $ORCL — all three also flagged for federal contract signals.
• Nancy Pelosi disclosed a sale of $AAPL valued at $5M–$25M, one of the largest single line items in the filings; Chip Roy disclosed a buy of $AESI in the same $5M–$25M band, a notably concentrated bet for a disclosure of that size.
• The consensus book is Big Tech: 23 members traded $MSFT (55 buys, 40 sells) with 11 flagged as committee-sector overlaps — the member trades a sector their committee oversees — and 23 traded $AAPL (30b/24s, 9 overlaps). $GOOGL drew 14 members skewing heavily to the exit (11 buys, 21 sells) with 8 committee-sector overlaps; $ABT drew 13 members at 16b/30s with 4 overlaps.
• On the exchange side, five members traded $ICE against signals from both the CFTC and SEC, and four traded $CME against CFTC signals — exchange operators whose day jobs are regulated by the agencies in question. Elsewhere in insider land: Berkshire Hathaway logged 48 open-market purchases of $LEN/LEN.B totaling roughly $637.2 million, the single largest buy-side print in the data.

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