California Democrat Rep. Ro Khanna’s investment portfolio has generated returns that exceed former House Speaker Nancy Pelosi’s, according to an analysis of congressional stock trades.
An examination of congressional stock disclosures by ProCap Insights found that trades linked to Khanna, particularly in artificial intelligence companies, produced an estimated 112.1% excess return over the S&P 500 between January 2024 and April 2026. That outperformance surpasses Pelosi’s 38.5% excess return during a similar period, the analysis showed.
Market Analysis
The data tracks what investors call “alpha,” or returns exceeding the broader market, specifically from investments in artificial intelligence-focused companies. The S&P 500 itself posted a 16.6% gain in 2025, meaning the congressional trades significantly outpaced typical market performance.
Anthony Pompliano, CEO of Professional Capital Management, highlighted the findings on social media Wednesday, stating that Khanna “has DESTROYED the S&P 500 since January 2024.” Pompliano noted that the trust managed by Khanna’s family underperformed in 2024 and 2025, with artificial intelligence investments driving the returns.
Khanna’s Response
Khanna responded to the analysis on social media, saying, “Thanks Pomp for adding facts. I have been a leader to ban Congressional stock trading, do not trade, and have no input in the trades filed by my wife’s trust.” He directed attention to what he called an independent analysis of the trust’s performance.
Some social media users expressed skepticism about the explanation, suggesting that lawmakers could potentially share non-public information with family members managing investment accounts.
Congressional Trading Restrictions
Rep. Mark Alford, a Missouri Republican, introduced legislation last year that would prohibit congressional stock trading, mirroring Sen. Josh Hawley’s proposed “PELOSI Act” in the Senate. The measure would ban members and their spouses from owning, buying, or selling individual stocks while in office.
“As public servants, we should hold ourselves to a higher standard and avoid the mere appearance of corruption,” Alford said in a statement. “Unfortunately, too many members of Congress are engaging in suspicious stock trades based on non-public information to enrich themselves.”
The proposed legislation would permit investments in diversified mutual funds, exchange-traded funds, or US Treasury bonds. Violators would be required to surrender earnings to the US Treasury Department, with ethics committees authorized to impose additional 10% penalties per improper transaction.
Executive Stance
President Donald Trump indicated support for a congressional trading ban during a recent interview with Time magazine. “I watched Nancy Pelosi get rich through insider information, and I would be okay with it,” Trump said of potential restrictions.