Luis Gutierrez’s disclosed stock trades — and what copying them returned

Luis Gutierrez (House) has disclosed 8 stock trades under the STOCK Act, from Mar 31, 2014 to Mar 7, 20177 buys and 1 sells, read straight from the official filings. The median gap between a trade and the public finding out was 18 days — which is why every number below starts at the disclosure date, the earliest day anyone could actually have copied a trade.

What copying every disclosed buy would have returned

Our engine bought at the first opening price after each of Luis Gutierrez’s disclosed purchases became public, held until the matching sale was disclosed, and marked the book against simply holding the S&P 500 over the same window (Jan 22, 2015Aug 11, 2026). Fees on, position sizes equal — a filing never discloses the real amount, only a band.

Copy-return, total+352.6%
S&P 500 over the same window+353.0%
Difference-0.4%
Annualized over 11.6 years+14.0% vs +14.0% -0.0% a year against the index
Deepest fall along the way-33.7%
Positions that closed ahead33%
Disclosed buys / actually copied7 / 6

Read the fill count before the return: a figure built on a handful of copied positions is an anecdote, whatever it says. And a copy-return is not Luis Gutierrez’s own return — the disclosure lag means a copier never got their entry price.

Most-traded tickers

AAPL (4) · BRK.B (1) · GCAP (1) · AFG (1) · CMCSA (1)

Recent filings

The latest 8 disclosed trades, newest filing first. Both dates are shown because the gap between them is the whole story.

TickerTypeTradedDisclosedLagAmount band
BRK.BBuyMar 6, 2017Mar 7, 20171d$100,001 - $250,000
GCAPBuyApr 23, 2015Aug 15, 2016480d$15,001 - $50,000
AFGBuyApr 24, 2015Aug 15, 2016479d$15,001 - $50,000
AAPLBuyJan 26, 2015Feb 9, 201514d$15,001 - $50,000
AAPLBuyJan 21, 2015Feb 9, 201519d$50,001 - $100,000
AAPLBuyJan 22, 2015Feb 9, 201518d$15,001 - $50,000
AAPLBuyJan 20, 2015Jan 21, 20151d$50,001 - $100,000
CMCSASellMar 31, 2014Mar 31, 20140d$15,001 - $50,000

Full history, sorting and the CSV export live in Pulse. Open Congress in Pulse.

Hear about the next filing the day it lands

A filing is only useful in the days after it appears — exactly when nobody is watching the disclosure sites. Follow Luis Gutierrez in Pulse and you get an email as soon as their next report is parsed: the trades in it, both dates, and how long they sat on it.

See plans All members and how the ranking works

Entries are at the first open AFTER the disclosure date — the earliest any copier could act. The member's own entry was up to 45 days earlier. Disclosed amounts are bands, not sizes; every position is sized at your chosen % of portfolio, which is not how the member sized it. Option purchases are copied as the underlying shares. A filing discloses no strike and no expiry, so an option cannot be mirrored — buying the stock is the closest a reader could get. It is 1.6% of all disclosed buys, but for some members it is a quarter to a half of everything they file, so their figure describes copying the filing rather than what the position itself did. Dividends are treated as reinvested (adjusted closes). Fees and taxes are not modeled. Positions are sized from equity at the time of each entry, so gains compound into later position sizes and most of the account sits in cash between filings. Read the drawdown next to the exposure figures: a portfolio that is mostly cash shows a small whole-portfolio drawdown even when its holdings fell hard. Absolute returns are model outputs, not achievable returns. Past disclosures are no promise of future filings — members stop trading, leave office, or file late in batches.