Zoe Lofgren’s disclosed stock trades — and what copying them returned

Zoe Lofgren (House) has disclosed 319 stock trades under the STOCK Act, from Aug 19, 2015 to Jun 6, 2023138 buys and 176 sells, read straight from the official filings. The median gap between a trade and the public finding out was 19 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 Zoe Lofgren’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 (Mar 9, 2016Aug 11, 2026). Fees on, position sizes equal — a filing never discloses the real amount, only a band.

Copy-return, total+353.4%
S&P 500 over the same window+358.8%
Difference-5.4%
Annualized over 10.4 years+15.6% vs +15.7% -0.1% a year against the index
Deepest fall along the way-33.7%
Positions that closed ahead49%
Disclosed buys / actually copied138 / 130

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 Zoe Lofgren’s own return — the disclosure lag means a copier never got their entry price.

Most-traded tickers

V (6) · VZ (6) · ZTS (6) · MA (6) · AEP (5) · JPM (5) · CSCO (5) · TMO (5) · KLAC (5) · EW (5)

Recent filings

The latest 50 disclosed trades, newest filing first. Both dates are shown because the gap between them is the whole story.

TickerTypeTradedDisclosedLagAmount band
UNHSellMay 25, 2023Jun 6, 202312d$1,001 - $15,000
IPGSellMay 25, 2023Jun 6, 202312d$1,001 - $15,000
HIGSellMay 25, 2023Jun 6, 202312d$1,001 - $15,000
CINFSellMay 25, 2023Jun 6, 202312d$1,001 - $15,000
BDXSellMay 25, 2023Jun 6, 202312d$1,001 - $15,000
ARCCSellMay 25, 2023Jun 6, 202312d$1,001 - $15,000
AONSellMay 25, 2023Jun 6, 202312d$1,001 - $15,000
BUDSellMay 25, 2023Jun 6, 202312d$1,001 - $15,000
AMTSellMay 26, 2023Jun 6, 202311d$1,001 - $15,000
AEPSellMay 25, 2023Jun 6, 202312d$1,001 - $15,000
OCLCFSellMay 26, 2023Jun 6, 202311d$15,001 - $50,000
WBKSellMay 26, 2023Jun 6, 202311d$1,001 - $15,000
DISSellMay 25, 2023Jun 6, 202312d$1,001 - $15,000
VSellMay 25, 2023Jun 6, 202312d$1,001 - $15,000
VZSellMay 25, 2023Jun 6, 202312d$1,001 - $15,000
USBSellMay 26, 2023Jun 6, 202311d$1,001 - $15,000
TTSellMay 25, 2023Jun 6, 202312d$1,001 - $15,000
TJXSellMay 25, 2023Jun 6, 202312d$1,001 - $15,000
SBUXSellMay 25, 2023Jun 6, 202312d$1,001 - $15,000
SONSellMay 25, 2023Jun 6, 202312d$1,001 - $15,000
SPGISellMay 25, 2023Jun 6, 202312d$1,001 - $15,000
PWRSellMay 25, 2023Jun 6, 202312d$1,001 - $15,000
PLDSellMay 25, 2023Jun 6, 202312d$1,001 - $15,000
PFESellMay 26, 2023Jun 6, 202311d$1,001 - $15,000
PAYXSellMay 25, 2023Jun 6, 202312d$1,001 - $15,000
NXPISellMay 25, 2023Jun 6, 202312d$1,001 - $15,000
NEESellMay 25, 2023Jun 6, 202312d$1,001 - $15,000
MSSellMay 26, 2023Jun 6, 202311d$1,001 - $15,000
METSellMay 25, 2023Jun 6, 202312d$1,001 - $15,000
MCDSellMay 25, 2023Jun 6, 202312d$1,001 - $15,000
LCIDSellMay 25, 2023Jun 6, 202312d$1,001 - $15,000
JPMSellMay 25, 2023Jun 6, 202312d$1,001 - $15,000
GISSellMay 25, 2023Jun 6, 202312d$1,001 - $15,000
FITBSellMay 25, 2023Jun 6, 202312d$1,001 - $15,000
EQIXSellMay 25, 2023Jun 6, 202312d$1,001 - $15,000
EMRSellMay 25, 2023Jun 6, 202312d$1,001 - $15,000
DUKSellMay 25, 2023Jun 6, 202312d$1,001 - $15,000
DECKSellMay 25, 2023Jun 6, 202312d$1,001 - $15,000
CVSSellMay 26, 2023Jun 6, 202311d$1,001 - $15,000
COSTSellMay 25, 2023Jun 6, 202312d$1,001 - $15,000
KOSellMay 25, 2023Jun 6, 202312d$1,001 - $15,000
CSellMay 26, 2023Jun 6, 202311d$1,001 - $15,000
CSCOSellMay 25, 2023Jun 6, 202312d$1,001 - $15,000
BXSellMay 25, 2023Jun 6, 202312d$1,001 - $15,000
BMOSellMay 26, 2023Jun 6, 202311d$1,001 - $15,000
BACSellMay 25, 2023Jun 6, 202312d$1,001 - $15,000
TSellMay 25, 2023Jun 6, 202312d$1,001 - $15,000
REITSellMay 26, 2023Jun 6, 202311d$1,001 - $15,000
ADBESellMay 25, 2023Jun 6, 202312d$1,001 - $15,000
ABBVSellMay 26, 2023Jun 6, 202311d$1,001 - $15,000

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 Zoe Lofgren 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.