Week of 2026-09-15
Fourteen disclosures surfaced this week, all sales — led by Federal Reserve Chairman Kevin Warsh unwinding a position in a private analytics firm worth up to $5 million.
The Big Picture
Every transaction in this batch is a sale. Not a single purchase was disclosed across any of the three officials who reported activity. The most significant dollar amounts come from Federal Reserve Governor and Chairman Kevin Warsh, who disclosed the liquidation of several private fund interests and a stake in a private company. Four of the fourteen filings arrived far beyond the STOCK Act's 45-day window, all from the same official at the Department of Transportation.
This Week's Notable Trades
Kevin Warsh, Governor & Chairman (Federal Reserve System Board of Governors)
- Disclosed the sale of a $1,000,001 – $5,000,000 position in Arcana Analytics, Inc. on August 3, 2026 — the largest single transaction in this batch by a significant margin. Arcana Analytics is a privately held firm; no ticker is available. Warsh disclosed the transaction just three days after the trade date.
- Sold a $250,001 – $500,000 stake in THSDFS LLC – Series 06 on July 14, 2026, alongside smaller positions in THSDFS LLC – Series 52 ($50,001 – $100,000) and THSDFS LLC – Series 58 ($15,001 – $50,000) on the same date — three series of what appears to be a private investment vehicle.
- Sold a $100,001 – $250,000 interest in Goat Growth Fund II LP on August 3, 2026 — a private equity fund stake.
Eric M Ueland, Deputy Director for Management (Office of Management and Budget)
- Disclosed five sales on July 15, 2026, each in the $1,001 – $15,000 range: iShares Russell 1000 Value ETF (IWD), iShares Russell 1000 Growth ETF (IWF), Vanguard Total International Bond Index Fund ETF (BNDX), iShares Core MSCI International Developed Markets ETF (IDEV), and Edgewood Growth Fund Institutional Class Shares (EGFIX). Taken together, the sales span domestic large-cap equities, international developed-market stocks, and investment-grade bonds — a broad, diversified liquidation across asset classes.
Sean McMaster, Administrator, Federal Highway Administration (Department of Transportation)
- Disclosed four sales of ASGN, Inc. (ASGN), a technology and professional-staffing firm, with trades dated August 11 and August 22, 2025. Three sales fell in the $1,001 – $15,000 range and one in the $15,001 – $50,000 range. All four were disclosed on June 11, 2026 — between 293 and 304 days after the trades occurred. See the Late to File section below for details.
By the Numbers
- Total trades disclosed: 14
- Buys: 0 | Sells: 14
- Most active officials: Kevin Warsh (5 trades), Eric M Ueland (5 trades), Sean McMaster (4 trades)
- Most active agencies: Federal Reserve System Board of Governors (5), Office of Management and Budget (5), Department of Transportation (4)
- Top sector sold: Technology (4 trades, all ASGN Inc.)
- Potential conflicts flagged: 0
- Late filings this batch: 4, all by Sean McMaster — ranging from 293 to 304 days past trade date
Late to File
Under the STOCK Act, executive-branch officials must disclose a qualifying trade within 45 days of the trade date. Sean McMaster, Administrator of the Federal Highway Administration, disclosed four sales of ASGN, Inc. (ASGN) on June 11, 2026. The underlying trades took place on August 11 and August 22, 2025 — placing each disclosure between 293 and 304 days late. This is a disclosure-timing matter; no finding of wrongdoing is implied.
All-time: Across all executive-branch STOCK Act filings in the database, 88.3% have been filed late — 28,876 of 32,716 total transactions. The officials with the highest all-time late-filing counts are Donald J. Trump (22,845 late filings), Mitchell M. Zais (284), Nuria Fernandez (278), Linda E. McMahon (259), and Gina M. Raimondo (206).
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.