Another California Democrat is making extraordinary gains in the stock market, with left-wing Rep. Ro Khanna overtaking former House Speaker and retiring California Democratic Rep. Nancy Pelosi. Khanna “has emerged as the top-performing congressional stock trader in AI-related investments, outperforming the S&P 500 and surpassing Nancy Pelosi, according to data highlighted by Anthony Pompliano on Wednesday,” per Benzinga.
An analysis by ProCap Insights of congressional stock disclosures found that trades linked to Khanna, particularly those focused on artificial intelligence companies, generated an estimated 112.1% excess return over the S&P 500 between January 2024 and April 2026.
That performance exceeds the 38.5% outperformance attributed to Nancy Pelosi, as well as returns reported for other lawmakers across both parties, the outlet’s report said.
The data tracks “alpha,” or returns that exceed the broader market, specifically related to investments in companies focused on artificial intelligence. Sharing his information on X, Pompliano, CEO of Professional Capital Management, wrote, “Nancy Pelosi take a seat. There is a new king in town when it comes to Congress members being abnormally good traders.”
He added: “Ro Khanna has DESTROYED the S&P 500 since January 2024.”
Nancy Pelosi take a seat.
There is a new king in town when it comes to Congress members being abnormally good traders.
Ro Khanna has DESTROYED the S&P 500 since January 2024.
Read the full analysis: https://t.co/3MVvAlAmf4 pic.twitter.com/hDSw1YkxYJ
— Anthony Pompliano 🌪 (@APompliano) April 8, 2026
Not long after Pompliano’s initial post, Khanna responded on X: “Thanks Pomp for adding facts. I have been a leader to ban Congressional stock trading, do not trade, and have no input in the trades filed by my wife’s trust. Here is a respected independent analyst on the trust.”
But several X users were skeptical, with many suggesting that the California Democrat could simply provide ‘insider’ info to any family member running a lawmaker’s investment account.
"Oh yeah its my wife! She just happens to be the best trader in the world!"
You think were retarded dont you? You need to be deported immediately. Along with toue insider trading wife.
— okoy (@Y0K0S0N) April 9, 2026
Commies always have an excuse as to why they live high in life while everyone else has to comply. Rules for thee, not for me.
— Craig McConnel (@Initechceo) April 9, 2026
Benzinga added: “The SPDR S&P 500 ETF Trust posted a 16.6% gain in 2025, delivering a strong year for investors, but several members of Congress outpaced the benchmark through their stock trades during the same period.”
Missouri Republican Rep. Mark Alford presented legislation a year ago that would prohibit congressional stock trading, acting as the House companion measure to Sen. Josh Hawley’s, R-Mo., “PELOSI Act” in the Senate.
Alford’s proposed measure prohibits members and their wives from owning, buying, or selling individual stocks while in office, but it permits for investments in diversified mutual funds, exchange-traded funds, or US Treasury bonds. If enacted, existing parliamentarians would have 180 days to comply with the bill. Similarly, freshly elected MPs must comply within 180 days of taking office.
“As public servants, we should hold ourselves to a higher standard and avoid the mere appearance of corruption,” Alford said in a statement. “Unfortunately, too many members of Congress are engaging in suspicious stock trades based on non-public information to enrich themselves.”
“These gross violations of the public trust make clear: we must finally take action to ban members and their spouses from owning or selling individual stocks,” he added.
Under the proposed legislation, politicians who continue to engage in improper transactions would be obliged to turn over any earnings to the US Treasury Department. The House or Senate ethics committees may additionally impose a 10% punishment on such politicians for each improper transaction.
In an interview with Time magazine last month, President Donald Trump advocated a ban on trading for members of Congress.
“I watched Nancy Pelosi get rich through insider information, and I would be okay with it. If they send that to me, I would do it,” he said of a trading ban.
