This Democratic Senate Candidate Invests In 'Pelosi Tracker' As A Joke—Walks Away With 60% Profit

JD Scholten, a Democratic candidate for the U.S. Senate in Iowa, made an investment in a stock tracker following the Pelosi family’s trades, which has resulted in a profit of about $600.What Happened: Scholten, a state legislator in Iowa, invested $1,000 in the “Pelosi Tracker” in early 2024,reportedBusiness Insider. The tracker, managed by the Autopilot app, mirrors the stock trades of Paul Pelosi, the husband of former House Speaker Nancy Pelosi. Scholten, who is also a professional baseball player, described the investment as “partly as a joke” in a financial disclosure filed on Monday.He said he would sell his stocks if elected and expressed support for banning lawmakers from trading stocks. Scholten, who is challenging Sen.Joni Ernst(R-Iowa), said he chose to invest in the tracker after discovering it on Instagram.“It’s not really a serious thing. I’m not banking on this.”The Pelosi Tracker monitors trades made by Paul Pelosi, the husband of Speaker Emerita Nancy Pelosi. Although Nancy Pelosi does not personally trade stocks, her husband’s investment activity has drawn attention over concerns about potential access to non-public information.Chris Josephs, Autopilot cofounder, disclosed that the app now manages over $400 million in client assets following Pelosi’s trades. According to Josephs, the tracker aims to “highlight the hypocrisy” of congressional stock trading.SEE ALSO:Bitcoin, ETH, XRP, Solana Are In For A ‘Long And Exhausting Bull Market,’ Bernstein Predicts – BenzingaTrending Investment OpportunitiesAdvertisementArrivedBuy shares of homes and vacation rentals for as little as $100.Get StartedWiserAdvisorGet matched with a trusted, local financial advisor for free.Get StartedPoint.comTap into your home's equity to consolidate debt or fund a renovation.Get StartedRobinhoodMove your 401k to Robinhood and get a 3% match on deposits.Get StartedWhy It Matters: Scholten’s investment in the Pelosi Tracker comes amid a growing debate on congressional stock trading. The Pelosi Tracker, which automatically copies stock trades made by politicians and prominent hedge fund managers, has drawn attention to the issue of congressional stock trading.The Pelosi family’s stock trades have been atopic of interest, with Nancy Pelosi and her husband, Paul Pelosi, holding significant stakes in tech companies likeNVIDIA CorporationNVDAandBroadcom Inc.AVGO.Their trading activity has raised questions about the accumulation of wealth by public servants. For instance, Nancy Pelosi’s reported net worth of $120 million has been asubject of debate.Loading...Loading...READ MORE:Trump’s Remarks On Hesitation To Release Epstein Files Were Omitted From Initial 2024 Fox Interview: ‘You Don’t Want To Affect People’s Lives If It’s Phony Stuff In There’Disclaimer:This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.AVGOBroadcom Inc$280.661.84%Stock Score Locked: Edge Members OnlyBenzinga Rankings give you vital metrics on any stock – anytime.Unlock RankingsEdge RankingsMomentum89.10Growth31.94Quality88.79Value9.65Price TrendShortMediumLongOverviewNVDANVIDIA Corp$172.264.99%Market News and Data brought to you by Benzinga APIs© 2025 Benzinga.com. . .Posted In:News