Rep. Marjorie Taylor Greene (R-Ga.) disclosed a new round of trades that includes bets on billionaires Warren Buffett, Mark Zuckerberg and Elon Musk ahead of the 2024 presidential election.
What Happened: Greene disclosed purchasing multiple stocks on Tuesday, with the trades all made on Nov. 1 and tracked on Benzinga's Government Trades page for the representative.
Here are the stocks bought by Greene, with each trade disclosed in a range of $1,000 to $15,000:
- Advanced Micro Devices (NASDAQ:AMD)
- Apple Inc (NASDAQ:AAPL)
- Berkshire Hathaway B (NYSE:BRK)
- Corning Inc (NYSE:GLW)
- Digital Realty Trust (NYSE:DLR)
- Duke Energy (NYSE:DUK)
- Intel Corporation (NASDAQ:INTC)
- Meta Platforms (NASDAQ:META)
- Tesla Inc (NASDAQ:TSLA)
- Hershey Co (NYSE:HSY)
Greene previously disclosed several trades in October, which included buying some of the same stocks, including Berkshire Hathaway, Intel, Tesla and Meta Platforms. In September, Greene also bought Berkshire Hathaway and Intel shares.
In May, Greene disclosed her first stock purchases in several years, which included Berkshire Hathaway and Hershey shares.
Since May, Greene has been actively trading and adding to positions with a strong interest in technology companies and chip stocks.
Greene's latest positions could raise red flags similar to other investments as she is on the Subcommittee on Cybersecurity, Information Technology, and Government Innovation. The representative is also on the Subcommittee on Government Operations and the Federal Workforce.
Knowledge of technology and cybersecurity deals could help several stocks held in her portfolio.
Did You Know?
- Congress Is Making Huge Investments. Get Tips On What They Bought And Sold Ahead Of The 2024 Election With Our Easy-to-Use Tool
Why It's Important: Greene could also be positioning her portfolio based on the 2024 presidential election, a race which sees the representative supporting Donald Trump.
Chip stocks and technology companies were among the best performing in the S&P 500 in 2017, Trump's first year in the White House previously. Energy stocks underperformed in 2017, which could make Greene's buy of Duke Energy a bit of a surprise if she is betting on a Trump victory.
Tesla is expected to be a company that benefits from a Trump victory. Tesla CEO Elon Musk endorsed Trump for president and could have a role in Trump's White House.
Trump has spoken out against electric vehicles and wants to eliminate consumer tax breaks for EVs. Tesla could benefit from the elimination of subsidies and tax breaks as they could be more harmful to competitors in the electric vehicle space and not hurt Tesla as much as its peers.
While Greene has been actively buying stocks over the last several months, she has not reported selling her shares of Trump Media & Technology (NASDAQ:DJT), the Trump co-founded media company that completed a SPAC merger earlier this year.
Greene disclosed buying Digital World Acquisition shares back in October 2021, the SPAC that took Trump’s media company public in March 2024.
The transaction was done with shares trading between $67.96 to $118.80. A tweet from UnusualWhales pins the purchase price at $94.20, meaning Greene is down significantly on her $15,000 to $50,000 purchase in the Trump-linked stock. Shares of DJT trade at $39.13 at the time of writing.
With the latest stock transactions, Greene increased her holdings in technology stocks along with placing bets on Buffett to continue powering Berkshire Hathaway as the stock trades near a $1 trillion market cap.
Not many can say that their investing portfolios are betting on Trump, Musk and Buffett, but Greene can.
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Photo: Shutterstock
