The week's densest convergence sits on $BA. Nine members of Congress traded Boeing while the aerospace manufacturer registered two distinct policy signals: an executive action and a federal contract. That combination — the largest member count of any name carrying a live policy signal — puts Boeing at the intersection of legislative portfolios and the government levers that most directly move its revenue.
Boeing does not stand alone in the defense cluster. $LMT drew five members trading against the same pair of signals — executive action and federal contract. Between them, the two contractors account for fourteen member trades layered over procurement and executive-branch activity. The overlap is context: defense primes are perennial federal counterparties, and both signal types describe the ordinary machinery of that relationship rather than any irregularity. What distinguishes this week is the concentration of member activity on names where those signals are simultaneously active.
The telecom and hardware names round out the federal-contract picture. $T saw nine members trading against a federal-contract signal, matching Boeing's member count. $DELL drew three members while carrying both a federal-contract signal and an insider-trades signal — the latter corroborated below by one of the week's largest Form 4 flows. Across the financial-infrastructure names, $ICE and $CME each attracted four members trading against paired CFTC and SEC signals, and $HOOD and $COIN each drew four members with SEC signals present, $HOOD additionally carrying an executive action. The regulated exchanges and the crypto-adjacent brokers thus form a second, distinct convergence band organized around market-structure regulators rather than procurement.
Among the pre-registered strategies measured against SPY, Big Bets ≥$250K leads at +16.9% across 6 positions, followed by Options Tape at +8.28% over 19 positions and High Conviction ≥45 at +8.38% over 4 positions. Committee Overlap sits modestly positive at +1.05% across 91 positions, while the broad Copy Everything basket (562 positions) trails at -0.71% and Convergence (281 positions) at -0.5%. High Conviction ≥60, with only 2 positions, is the laggard at -8.99%. In the ETF race, NANC returned +1.7% against SPY's +1.12%.
Get the report every week — free → · How we compile this →