Week of 2026-11-02

Fifty-two trades were disclosed this week, dominated by a sweeping portfolio sell-off from Rep. Pete Sessions and three Goldman Sachs bond purchases by Sen. Dave McCormick, each carrying a potential conflict-of-interest flag.

The Big Picture

This week's disclosures were heavily concentrated in a single lawmaker. Rep. Pete Sessions of Texas filed 32 separate disclosures, nearly all of them sales, spanning household-name technology companies, big-box retailers, and consumer brands. On the Senate side, Sen. Dave McCormick of Pennsylvania disclosed three purchases of Goldman Sachs corporate bonds on three different October dates — the largest two each in the $250,001–$500,000 range.

Selling activity was broadest in Consumer Cyclical stocks, where 11 separate transactions were recorded. Buying was concentrated in Financial Services, with Goldman Sachs bonds accounting for most of that category. Republican members accounted for 50 of the 52 disclosures; just two came from Democrats.

This Week's Notable Trades

Pete Sessions (R-TX)

• Disclosed selling a $250,001–$500,000 position in Apple Inc (AAPL) on Oct. 2 — one of three similarly sized exits from a single day of trading that also included Microsoft and Costco.
• Disclosed selling a $250,001–$500,000 position in Microsoft Corp (MSFT) on Oct. 2 — part of a broad technology reduction that also included smaller sales of Alphabet, Nvidia, and IBM shares.
• Disclosed selling a $250,001–$500,000 position in Costco Wholesale Corp (COST) on Oct. 2 — a second Costco sale of $100,001–$250,000 was also disclosed for Oct. 13.
• Disclosed selling a $100,001–$250,000 position in Alphabet Inc (GOOGL) on Oct. 2 — Alphabet is the parent company of Google and YouTube.
• Potential conflict: Rep. Sessions serves on the House Committee on Financial Services. This week's disclosures included sales of Visa Inc (V) ($15,001–$50,000) and Mastercard Inc (MA) ($15,001–$50,000) on Oct. 2, and Berkshire Hathaway Inc (BRK-B) ($15,001–$50,000) on Oct. 15 — all financial-sector companies whose businesses fall within the committee's oversight jurisdiction.

Dave McCormick (R-PA)

• Disclosed buying a $250,001–$500,000 position in The Goldman Sachs Group Inc (GS) corporate bonds on Oct. 7 — a corporate bond is a debt instrument issued by a company; purchasing one means lending money to that company in exchange for regular interest payments.
• Disclosed buying an additional $250,001–$500,000 position in Goldman Sachs (GS) corporate bonds on Oct. 20, along with a $100,001–$250,000 purchase on Oct. 14 — three separate transactions in the same security within roughly two weeks.
• Potential conflict: Sen. McCormick sits on the Senate Banking, Housing, and Urban Affairs Committee, which has oversight authority over major financial institutions including investment banks. All three Goldman Sachs bond purchases disclosed this week carried a potential overlap flag.

David Taylor (R-OH)

• Disclosed buying a $1,001–$15,000 position in Prologis Inc (PLD) on Oct. 15 — Prologis is a large real estate investment trust, or REIT, that owns warehouse and industrial logistics facilities.
• Disclosed buying a $1,001–$15,000 position in Lam Research Corp (LRCX) on Oct. 15 — Lam Research makes specialized equipment used in the manufacturing of semiconductor chips.
• Disclosed selling a $1,001–$15,000 position in Marathon Petroleum Corp (MPC) on Oct. 15 — one of the largest oil refining companies in the United States.
• Potential conflict: Rep. Taylor serves on the House Committee on Transportation and Infrastructure. This week's disclosures included a purchase of RPM International Inc (RPM) ($1,001–$15,000) on Oct. 15 — RPM manufactures specialty coatings and sealants, including the Rust-Oleum brand, that are widely used in construction and infrastructure projects.

Kevin Hern (R-OK)

• Disclosed selling a $15,001–$50,000 position in ASML Holding NV (ASML) on Oct. 23 — ASML is a Dutch company that makes the advanced lithography machines used to manufacture semiconductors; it holds a dominant position in the most sophisticated segment of that market.
• Disclosed selling a $15,001–$50,000 position in Texas Instruments Inc (TXN) on Oct. 14 — Texas Instruments designs analog and embedded chips used in industrial, automotive, and consumer electronics.
• Disclosed selling a $15,001–$50,000 position in Seagate Technology Holdings PLC (STX) on Oct. 23 — Seagate is one of the world's largest producers of hard disk drives and data storage equipment.

Suzan K. DelBene (D-WA)

• Disclosed buying a $250,001–$500,000 position in Black Belt Energy Gas District Alabama Gas Revenue Bonds (Series 2025 F) on Oct. 14 — a state-level municipal bond backed by natural gas revenues; such securities are generally considered lower-risk and carry tax advantages for individual investors.
• Disclosed selling a $250,001–$500,000 position in Tennessee Energy Acquisition Corporation Revenue Bonds (5%, due 12/01/35) on Oct. 14 — the simultaneous purchase and sale in similarly structured energy-backed bonds suggests a portfolio rebalancing.

By the Numbers

• Total trades disclosed: 52
• Party split: 50 Republican, 2 Democratic
• Most bought sector: Financial Services (3 purchases)
• Most sold sector: Consumer Cyclical (11 sales)
• Most active member: Rep. Pete Sessions (R-TX), 32 disclosures
• Potential conflicts flagged: 7

Notable potential conflicts this week:

• Sen. Dave McCormick (R-PA) — three Goldman Sachs Group Inc. (GS) corporate bond purchases; sits on the Senate Banking, Housing, and Urban Affairs Committee.
• Rep. Pete Sessions (R-TX) — sold Visa Inc. (V), Mastercard Inc. (MA), and Berkshire Hathaway Inc. (BRK-B); sits on the House Committee on Financial Services.
• Rep. David Taylor (R-OH) — purchased RPM International Inc. (RPM); sits on the House Committee on Transportation and Infrastructure.

Late to File

One late filing was recorded this week: Rep. Jodey Arrington (R-TX) — Montego, 474 days late. The trade, a $15,001–$50,000 sale, occurred on July 10, 2025 and was not disclosed until Oct. 27, 2026, well beyond the 45-day statutory window.

All-time: Across 23,269 filings tracked in this data set, 2,900 — roughly 12.5 percent — were submitted late. The members with the highest total late-filing counts on record are Rep. Sheri Biggs (171), Rep. Julia Letlow (136), Rep. Valerie Hoyle (114), Sen. Thomas H. Tuberville (108), and Rep. Alan Armstrong (96). Late disclosure is a timing issue under the STOCK Act and does not imply any 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.