This week in power × markets

the briefing · 2026-11-05

Big Tech remains Congress's favorite trade while energy and defense names sit where policy signals and disclosed trades overlap — and a single Form 4 batch out of $BROS dwarfs anything on Capitol Hill.

• $CVX leads the convergence list: 10 members of Congress and 1 executive-branch filer traded it (20 buys / 15 sells) against Executive Action and Insider Trades signals, while $BA drew 7 members of Congress and 1 executive-branch filer (13 buys / 12 sells) alongside Federal Contract and USTR signals — and $BAH, with 1 member of Congress and 1 executive-branch filer (3 buys / 4 sells), carries a Federal Contract signal of its own.
• $AAPL tops the year-to-date congressional ranking with 20 members of Congress trading it (17 buys / 17 sells, 7 committee overlaps), followed by $MSFT at 18 members (27 buys / 27 sells, 10 overlaps) and $NVDA at 14 members (12 buys / 20 sells, 3 overlaps) — $GOOGL, at 12 members on the consensus line, carries 8 committee overlaps of its own.
• Two outsized single filings: a Spouse-owned SELL of $AAPL valued at $5M–$25M disclosed by Nancy Pelosi (House), and a Spouse-owned BUY of $AESI in the same $5M–$25M range disclosed by Chip Roy (House).
• On the corporate side, Form 4s filed 2026-11-04 show 8 open-market sales of $BROS totaling roughly $106,031,540 by Executive Chairman Travis Boersma, plus a single $KNOP purchase of about $43,499,993 by Trygve Seglem and 14 $REGN sales near $31,676,187 including EVP General Counsel Joseph LaRosa — all figures shares × reported price, unverified.

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