Week of 2026-08-18
Five trades surfaced this week, all disclosed by Federal Reserve Chairman Kevin Warsh, who sold positions across multiple series of a private investment fund in a single, promptly filed report.
The Big Picture
This week's executive-branch disclosures center on one official: Kevin Warsh, Governor and Chairman of the Federal Reserve System's Board of Governors. On June 23, Warsh disclosed the sale of positions across five separate series of a private fund called THSDFS LLC, filing just two days after the trades — well within the STOCK Act's 45-day window. No potential conflicts of interest were flagged.
This Week's Notable Trades
Kevin Warsh, Governor & Chairman (Federal Reserve System Board of Governors)
- Disclosed the sale of a $500,001–$1,000,000 position in THSDFS LLC – Series 02 on June 23, 2026 — the largest transaction in this batch (filing).
- Disclosed the sale of a $100,001–$250,000 position in THSDFS LLC – Series 21 and a separate $100,001–$250,000 position in THSDFS LLC – Series 29, both on June 23, 2026.
- Disclosed the sale of a $50,001–$100,000 position in THSDFS LLC – Series 33 on June 23, 2026.
- Disclosed the sale of a $15,001–$50,000 position in THSDFS LLC – Series 40 on June 23, 2026. THSDFS LLC is a private, multi-series fund structure with no public stock ticker; taken together, the five sales represent a broad liquidation across the fund's series, all reported in a single filing.
By the Numbers
- Total trades disclosed: 5
- Buys: 0 | Sells: 5
- Officials active: 1 (Kevin Warsh)
- Agencies active: 1 (Federal Reserve System Board of Governors)
- Sectors identified: None — all trades involve a private fund with no public sector classification
- Potential conflicts flagged: 0
- Late filings this batch: 0
Late to File
No trades in this batch were filed late. All five disclosures arrived within two days of the June 23 trade date.
All-time context: Across all executive-branch STOCK Act disclosures in this data set, 87.8% of filings — 27,455 of 31,253 — have arrived after the statutory deadline. The officials with the most late filings on record are Donald J. Trump (21,795), Mitchell M. Zais (284), Nuria Fernandez (278), Gina M. Raimondo (206), and Eric S. Lander (203). These figures reflect disclosure-timing patterns and are not assertions 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.