Ro Khanna × FDX

This February 19, 2025 buy of approximately $1,001 in FedEx is the smallest reportable transaction size and was disclosed within 15 days, well within both the internal 30-day flag threshold and the statutory 45-day STOCK Act deadline. No clustering signal fired, and no size anomaly is present. In isolation, this trade carries a low signal profile. However, it is part of a broader pattern of 91 disclosed transactions in FedEx across Khanna's family portfolio. FedEx's exposure to U.S.-China trade policy is notable given Khanna's seat on the Select Committee on Strategic Competition with China, a committee that has examined exactly the kind of export control and trade friction that affected FedEx's China operations in recent years. The committee overlap signal fires as a structural observation, not as evidence of any specific trading advantage on this transaction.

This sell of approximately $1,001 on February 25, 2025, filed just nine days later on March 6, shows prompt disclosure and a minimal transaction size. It was grouped with the February 19 buy in the same batch filing, suggesting the trust's administrator filed both together after the later trade. No size, clustering, or late-disclosure signals fire here. The trade sits within a concentrated six-day window alongside the earlier buy, indicating the trust was actively adjusting its FedEx position in late February 2025. Across 91 disclosed transactions, this kind of rapid buy-sell sequencing is a recurring feature of the portfolio's approach to individual equities at the minimum reportable level. The committee overlap flag remains relevant as a structural backdrop, given FedEx's sensitivity to the same trade policy landscape Khanna's committees examine, but no trade-specific red flags attach to this transaction.

This March 6, 2025 sell of approximately $1,001 was disclosed on April 10, a 35-day gap that exceeds Kapitol.ai's internal 30-day flag threshold. The filing remains within the STOCK Act's 45-day statutory deadline, so no legal violation is indicated. The late-disclosure flag is one of four such instances visible across these ten recent trades, suggesting the trust's administrator tends to batch-file multiple transactions together rather than filing each one individually close to the trade date. This March 6 sell was likely filed alongside the March 12 sell in a single submission. The pattern of batched late filings across 91 total disclosed trades in FedEx is worth noting as a disclosure-hygiene observation. The committee overlap signal fires given Khanna's China competition and defense roles, though the trade size and lack of clustering reduce the overall signal density for this specific transaction.

This March 12, 2025 sell was filed on April 10, a 29-day delay that narrowly avoids the 30-day internal flag threshold. It was filed on the same date as the March 6 sell, confirming the batching pattern observed in Trade 9402. Despite the administrative clustering of filings, neither transaction in this March pair generates a late-disclosure flag under the strict threshold, though the March 6 companion trade does. The transaction size remains at the minimum reportable level of approximately $1,001. Across 91 disclosed FedEx trades, short-term sell sequences like this March 6 and March 12 pair appear recurrently in the portfolio. The committee overlap signal fires as a structural backdrop. Khanna's position on the Select Committee on U.S.-China Strategic Competition is particularly relevant given FedEx's documented friction with Chinese regulators in recent years and its exposure to evolving export control and tariff policy.

This April 9, 2025 buy of approximately $1,001 was disclosed on May 12, a 33-day delay that exceeds the internal 30-day flag threshold. The filing remains within the STOCK Act's 45-day statutory window. April 2025 was a notable period for trade policy, as tariff-related volatility affected logistics stocks broadly, and FedEx has significant exposure to international shipping volumes. This trade was filed alongside two other FedEx buys on the same May 12 date, continuing the batching pattern across this portfolio. The two-member cluster reading for the April 9 window is slightly elevated compared to most other trades in this set but does not reach the threshold of three. Across 91 disclosed FedEx transactions, the April 2025 cluster of three buys (April 9, 15, and 23) shows the trust adding to its FedEx position during a period of market stress. The committee overlap signal fires given Khanna's role on committees examining trade competition policy.

This April 15, 2025 buy was filed on May 12, a 27-day delay that falls within the internal flag threshold. Filed in the same batch as the April 9 and April 23 buys, this transaction is part of what appears to be a deliberate accumulation of FedEx exposure across a six-week period in spring 2025. The two-member cluster reading suggests at least one other member was also buying around this time, but the count does not reach the three-member threshold required to fire the cluster signal. At $1,001, all three April buys are at the minimum reportable size. The committee overlap flag fires structurally, as April 2025 coincided with significant tariff policy activity relevant to FedEx's international operations. The broader 91-trade history in FedEx indicates the trust treats this stock as a recurring position to trade in and out of at small scales, rather than building a large concentrated holding.

This April 23, 2025 buy of approximately $1,001 completes the three-trade accumulation sequence in April 2025, following buys on April 9 and April 15. All three were disclosed together on May 12, with this trade carrying the shortest delay of the group at 19 days. The prompt filing relative to the other April buys reflects the batching approach: the administrator waited and filed all three at once. No late-disclosure, size, or cluster signals fire for this transaction. The two-member cluster reading is noted but subcritical. The April accumulation pattern is the most coherent directional sequence visible in these ten trades, with the trust buying on three separate dates across a 14-day span. Whether this reflects opportunistic buying during market volatility or a more deliberate positioning decision is not determinable from disclosure records alone. The committee overlap flag continues to apply as a structural backdrop.

This May 28, 2025 sell of approximately $1,001 was filed on June 10, a brisk 13-day turnaround that is among the faster disclosures in this set of ten trades. No signals fire beyond committee overlap, which remains a structural observation across all trades in this pairing. The sell follows the three-buy sequence in April, suggesting the trust cycled out of a portion of its recently accumulated FedEx position within roughly five weeks. Across 91 disclosed FedEx trades, this kind of short-cycle accumulation and partial exit is a consistent behavioral pattern. The transaction remains at the minimum reportable size, and no other members were clustered around this date. The overall signal density for this trade is low. The committee overlap flag is retained given that Khanna's policy portfolio, including trade tensions with China and federal logistics oversight, continues to intersect FedEx's operating environment throughout this period.

This August 5, 2025 buy of approximately $1,001 was filed on September 9, a 35-day delay that exceeds the internal 30-day flag threshold. The filing remains within the STOCK Act's 45-day statutory deadline, so no legal violation applies. This trade was filed on the same date as the August 7 buy, again demonstrating the trust's batching behavior. Across these ten trades, four late-disclosure flags have fired, all involving batch-filed transactions grouped together in single submissions. The pattern is consistent with an administrator collecting trades and filing periodic batches rather than filing each transaction promptly. August 2025 represents the most recent cluster of activity in this sample, with two buys on August 5 and 7. The committee overlap signal fires as a structural observation. The low dollar size and absence of clustering reduce the overall signal density for this specific transaction, but the late-disclosure flag is a persistent feature of the broader disclosure record.

This August 7, 2025 buy of approximately $1,001 was also filed on September 9, yielding a 33-day delay that crosses the internal 30-day flag threshold. Like the August 5 trade, it was batched in the same September 9 filing, a pattern seen repeatedly across this set of ten trades. Both disclosure flags for August are consistent with administrative batching rather than any indication of deliberate delay. No size or cluster signals fire. The two August buys complete the picture for the most recent activity visible in this dataset and continue a recurring behavioral pattern across 91 total disclosed FedEx transactions in which the trust makes small minimum-threshold buys, sometimes in pairs or triplets over days, and files them together weeks later. The committee overlap signal fires structurally. Taken together, the four late-disclosure flags and the absence of any size or cluster signals across these ten trades define the dominant signal profile for this politician-ticker pairing.