10 Favorite Stocks of Congress


from another – shared for educational purposes only –

10 favorite stocks of Congress

Here’s a peek into the portfolios of some of the movers and shakers who represent Americans on Capitol Hill.

By Paul Toscano and Eamon Javers, CNBC.com

http://money.msn.com/investment-advice/10-favorite-stocks-of-congress

Accumulating capital

The Center for Responsive Politics each year analyzes the finances of U.S. Congress members, revealing the net worth of individuals as well as details about their investments, liabilities and other sources of income.

 

Senators and representative are required to file annual disclosures of their holdings and investments, which reveal where they are placing their money. The disclosures do not list specific figures but provide a range of values for individual holdings. For example, one asset could be listed as “between $1 million and $5 million.”

 

Recently, several high-ranking members of Congress have been criticized for their stock purchases and have been accused of insider trading, allegations they deny. The Office of Congressional Ethics last month launched an investigation of whether Rep. Spencer Bachus, R-Ala., violated federal law or congressional rules in his stock-trading activity.

 

Congress is considering legislation that would make clear that lawmakers cannot cash in on information they acquire through their privileged positions — inside knowledge of legislative negotiations, for example. The House and Senate have passed versions of the bill, and a conference committee will work out differences.

 

Investors may have an interest in knowing which stocks their lawmakers have personal interest in. Assets listed here were taken from the center’s most recent report, filed late last year.

Click ahead in this slide show (published Feb. 29) to find out which stocks are most widely held by members of the Congress.

Bing: The wealthiest members of Congress

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No. 10: Exxon Mobil

Ticker: (XOM)

Members invested: 42

Total value of holdings (maximum): $11.1 million

Total value of holdings (minimum): $2.7 million

Top congressional investors: Reps. John Carter, R-Texas, $1 million to $5 million; F. James Sensenbrenner Jr., R-Wis., $551,185 to $1.1 million; and Michael McCaul, R-Texas, $500,000 to $1 million

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No. 9: AT&T

Ticker: (T)

Members invested: 44

Total value of holdings (maximum): $4.1 million

Total value of holdings (minimum): $2.2 million

Top congressional investors: Sen. John Kerry, D-Mass., $1.5 million to $2.1 million; F. James Sensenbrenner Jr., R-Wis., $105,877 to $255,876; and Rep. Richard L. Hanna, R-N.Y., $100,001 to $250,000

 

No. 8: Wells Fargo

Ticker: (WFC)

Members invested: 45

Total value of holdings (maximum): $4.3 million

Total value of holdings (minimum): $1.7 million

Top congressional investors: Sen. John Kerry, D-Mass., $351,003 to $765,000; Rep. Sander Levin, D-Mich., $250,001 to $500,000; and Sen. David Vitter, R-La., $126,007 to $365,000

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No. 7: Intel

Ticker: (INTC)

Members invested: 47

Total value of holdings (maximum): $3.2 million

Total value of holdings (minimum): $1.3 million

Top congressional investors: Sen. John Kerry, D-Mass., $602,000 to $1.3 million; Rep. Michael McCaul, R-Texas, $200,000 to $500,000; and Rep. Jane Harman, D-Calif., $130,000 to $350,000

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No. 6: Pfizer

Ticker: (PFE)

Members invested: 51

Total value of holdings (maximum): $4.6 million

Total value of holdings (minimum): $2 million

Top congressional investors: Sen. John Kerry, D-Mass., $752,000 to $1.5 million; Rep. F. James Sensenbrenner Jr., R-Wis., $507,000 to $1 million; and Rep. Kurt Schrader, D-Ore., $265,00 to $550,000

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No. 5: Cisco Systems

Ticker:(CSCO)

Members invested: 56

Total value of holdings (maximum): $3.2 million

Total value of holdings (minimum): $1.3 million

Top congressional investors: Sen. John Kerry, D-Mass., $602,000 to $1.3 million; Rep. Richard L. Hanna, R-N.Y., $100,000 to $250,000; and Rep. Jane Harman, D-Calif.,$100,000 to $200,000

 

No. 4: Microsoft

Ticker: (MSFT)

Members invested: 56

Total value of holdings (maximum): $6.4 million

Total value of holdings (minimum): $3.2 million

Top congressional investors: Sen. John Kerry, D-Mass., $1.8 million to $2.6 million; Rep. Michael McCaul, R-Texas, $515,000 to $1.1 million; and Rep. Jane Harman, D-Calif., $130,00 to $350,000

(Microsoft owns and publishes MSN Money.)

 

No. 3: Bank of America

Ticker: (BAC)

Members invested: 57

Total value of holdings (maximum): $5.4 million

Total value of holdings (minimum): $2.8 million

Top congressional investors: Rep. Rodney Frelinghuysen, R-N.J., $1.02 million to $1.08 million; Rep. John M. Spratt Jr., D-S.C., $500,00 to $1 million; and Sen. Dianne Feinstein (D-Calif.): $500,00 to $1 million

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No. 2: Procter & Gamble

Ticker: (PG)

Members invested: 62

Total value of holdings (maximum): $39.4 million

Total value of holdings (minimum): $8.7 million

Top congressional investors: Reps. Rodney Frelinghuysen, R-N.J., $7.1 million to $35.2 million; Michael McCaul; R-Texas, $200,000 to $500,000; and James B. Renacci, R-Ohio, $180,485 to $222,482

Bing: The latest on Congress’ insider-trading ban

 

No. 1: General Electric

Ticker: (GE)

Members invested: 75

Total value of holdings (maximum): $11.4 million

Total value of holdings (minimum): $3.6 million

Top congressional investors: Rep. Darrell Issa, R-Calif.; $1 million to $5 million; Sen. John Kerry, D-Mass., $616,000 to $1.3 million; Rep. Michael McCaul, R-Texas, $400,000 to $850,000

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Personal Finances: Overview

In some ways, lawmakers’ finances look a lot like those of many Americans. They include diverse portfolios of stocks, bonds, mutual funds and real estate. They have bank accounts, credit cards and mortgages. The difference: Politicians generally have more money and — unlike most people they represent — they must make their investments public.

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Why does this matter?

Personal Finances

Net Worth

Assets

Liabilities

Outside Income

Most Popular Investments

Sectors

Industries

Missing Reports

Average Wealth

Search

People

Organizations/Keywords

Why This Matters

Methodology

Disclosure Rules

Read More

 

Name

Minimum Net Worth

Average

Maximum Net Worth

Darrell Issa (R-Calif) $195,400,035 $448,125,017 $700,850,000
Michael McCaul (R-Texas) $258,618,051 $380,411,527 $502,205,003
Jane Harman (D-Calif) $160,085,503 $326,844,751 $493,604,000
John Kerry (D-Mass) $181,469,521 $231,722,794 $281,976,067
Mark Warner (D-Va) $76,372,212 $192,730,605 $309,088,999
Herb Kohl (D-Wis) $88,228,026 $173,538,010 $258,847,994
Jared Polis (D-Colo) $57,944,127 $143,218,562 $228,492,998
Vernon Buchanan (R-Fla) $-50,724,701 $136,152,641 $323,029,983
Nancy Pelosi (D-Calif) $5,946,075 $101,123,032 $196,299,990
Jay Rockefeller (D-WVa) $61,632,019 $99,057,011 $136,482,003

 

Firm

Minimum Value

Average Value

Maximum Value

Milwaukee Bucks $258,000,000 $258,000,000 $258,000,000
LLM Partners $126,251,006 $140,883,004 $155,515,002
LLM Family Investments LP $62,800,008 $87,200,004 $111,600,001
Harman International Industries $55,252,005 $65,391,002 $75,530,001
Greene Properties $50,000,001 $50,000,001 $50,000,001
L&R Trust $50,000,001 $50,000,001 $50,000,001
DEI LLC $25,000,001 $37,500,000 $50,000,000
Derivium Claims $25,000,001 $37,500,000 $50,000,000
Land/40 Acres $10,000,002 $30,000,001 $50,000,000
House/102 Blue Creek Tr/Aspen, CO $10,000,002 $30,000,001 $50,000,000

 

Industry

Minimum Value

Maximum Value

Real Estate $391,079,869 $1,155,946,689
Recreation/Live Entertainment $264,740,627 $289,638,618
Misc Finance $131,581,350 $178,702,303
Securities & Investment $109,590,325 $332,476,941
Electronics Mfg & Services $57,328,502 $80,249,430
Oil & Gas $45,589,393 $125,909,854
Crop Production & Basic Processing $38,755,755 $148,087,649
Commercial Banks $36,776,198 $130,122,631
Misc Manufacturing & Distributing $30,114,689 $93,930,206
Computers/Internet $30,066,132 $75,290,420

The above tables are based on 2010 filings, the latest personal finance disclosure information available.

 

http://www.cnbc.com/id/46070801?__source=msn|favstocks|&par=msn#TID=17kpni405vraqo&TData=

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