Week of 2026-10-12

One hundred and two trades were disclosed this week, with Rep. Ro Khanna of California accounting for nearly all of them in what appears to be a broad portfolio overhaul spanning consumer, healthcare, technology, and industrial stocks.

The Big Picture

All 102 disclosed trades this week came from Democratic members, and 100 of them originated from a single filing by Rep. Ro Khanna (D-CA), posted October 9 and covering trades made between early and late September. Sen. John Fetterman (D-PA) contributed the remaining two disclosures — a pair of small corporate bond purchases. Fourteen of Khanna's transactions carry a potential conflict-of-interest flag tied to his committee assignments in the Industrials sector.

This Week's Notable Trades

Ro Khanna (D-CA)

• Disclosed buying a $15,001–$50,000 position in Wells Fargo & Co (WFC) on September 17, and a smaller position in the same bank on September 15 — Wells Fargo is one of the four largest commercial banks in the United States, making this one of the week's highest-dollar disclosed purchases.
• Disclosed buying $15,001–$50,000 positions in Tesla Inc (TSLA), QUALCOMM Inc (QCOM), and McDonald's Corp (MCD) on September 11, part of a same-day sweep that also included homebuilder PulteGroup Inc (PHM), PepsiCo Inc (PEP), and off-price retailer The TJX Companies Inc (TJX), each in the $15,001–$50,000 range.
• Disclosed selling $15,001–$50,000 positions in The Home Depot Inc (HD) and Walmart Inc (WMT) on September 11, while also disclosing four separate sales of Albertsons Cos Inc (ACI) between September 14 and September 23 — Albertsons is one of the largest U.S. supermarket chains, and it was the most frequently sold ticker in this week's disclosures overall.
• Potential conflict: Rep. Khanna sits on the House Armed Services Committee, whose jurisdiction extends to defense-adjacent logistics and industrial contractors. Among his disclosed trades this week, 14 carry a potential overlap flag in the Industrials sector, including buys of FedEx Corp (FDX), United Parcel Service Inc (UPS), Delta Air Lines Inc (DAL), and Carrier Global Corp (CARR), and sells of Eaton Corp PLC (ETN), Ingersoll Rand Inc (IR), and EMCOR Group Inc (EME), among others.

John Fetterman (D-PA)

• Disclosed buying two separate $1,001–$15,000 positions in Dell International/EMC Corp 5.6% corporate bonds maturing September 2033 on September 15 and September 16 — a corporate bond pays a fixed interest rate and returns the original principal at a set maturity date, making it a lower-risk income instrument compared with common stock.

By the Numbers

• Total trades disclosed: 102
• Party split: 102 Democratic, 0 Republican
• Most active member: Rep. Ro Khanna (D-CA), 100 trades
• Top sectors bought: Consumer Cyclical (15), Healthcare (14), Industrials (8), Real Estate (6), Financial Services (5)
• Top sectors sold: Consumer Defensive (8), Technology (7), Healthcare (6), Industrials (6), Consumer Cyclical (5)
• Potential conflict flags: 14

Most significant potential conflicts this week:

• Rep. Khanna (House Armed Services Committee) — 14 flagged Industrials-sector trades, spanning logistics carriers FedEx Corp (FDX), United Parcel Service Inc (UPS), and Delta Air Lines Inc (DAL); industrial manufacturers Carrier Global Corp (CARR), Eaton Corp PLC (ETN), Dover Corp (DOV), Ingersoll Rand Inc (IR), and Otis Worldwide Corp (OTIS); building products maker Builders FirstSource Inc (BLDR); and others.

Late to File

Under the STOCK Act, members must disclose a trade within 45 days. This week's late filing: Rep. Ro Khanna — CRH PLC (CRH), 393 days late (trade date September 11, 2025; disclosed October 9, 2026).

All-time: Across 23,006 disclosures tracked in this data set, 12.3% (2,828) were filed late; the members with the most cumulative late filings are Rep. Sheri Biggs (171), Rep. Julia Letlow (136), Rep. Valerie Hoyle (114), Sen. Thomas Tuberville (108), and Rep. Alan Armstrong (96). Late disclosure is a timing issue under the law, not an indication of wrongdoing.

The Fine Print

Data derived from public STOCK Act disclosures. Disclosure date is not the trade date (filings lag 30-45 days). Dollar figures are disclosed ranges, not exact amounts. Conflict-of-interest flags are heuristic "potential overlaps," not assertions of wrongdoing. Not investment advice.