Ro Khanna × NVDA

This August 2024 sell is one of the larger disclosed NVIDIA transactions in Khanna's portfolio, coming in at approximately $15,001 and flagging at roughly 15 times the median trade size. It was filed 35 days after execution, which exceeds Kapitol's 30-day internal flag threshold but remains within the STOCK Act's 45-day statutory deadline. Committee overlap is active: at the time of this trade Khanna held his Armed Services subcommittee role covering DOD artificial intelligence and digital modernization, areas where NVIDIA's chip products are directly relevant. No member cluster fired for this trade, making it a two-signal event. Viewed within the broader context of 94 disclosed NVIDIA trades in this portfolio, a sell at this elevated size during a period of significant market attention on AI chip valuations adds structural interest to the disclosure pattern.

This April 4, 2025 buy of approximately $1,001 is a minimum-band transaction on its own, but it is one of two NVIDIA trades entered on the same date (see also trade 8349) and was filed 38 days later, past Kapitol's internal 30-day flag threshold and within the STOCK Act's 45-day statutory deadline. More notable is the member-cluster context: nine members of Congress disclosed NVIDIA trades within the same 14-day window, the highest cluster count among the ten trades analyzed here. This level of concurrent congressional activity in a single stock can reflect shared macro sentiment or correlated access to sector information. Khanna's role as Ranking Member on the Armed Services AI subcommittee places him in regular contact with information about DOD AI procurement and chip supply-chain policy, both of which are material to NVIDIA's business. Across 94 disclosed NVIDIA trades in this portfolio, this trade is notable primarily for its cluster context rather than its size.

Trade 8349 is the highest-signal transaction in this set of ten. Entered on April 4, 2025 alongside trade 8388, it carries three simultaneous signals: a late disclosure at 38 days (past Kapitol's internal flag threshold but within STOCK Act limits), an unusually large size at approximately $15,001 (roughly 15 times the portfolio median), and a member cluster of nine concurrent congressional NVIDIA disclosures within a 14-day window. Committee overlap also fires: Khanna serves as Ranking Member on the Armed Services subcommittee with jurisdiction over DOD AI and digital modernization programs, and sits on the China competition select committee that has directly engaged with semiconductor export-control policy affecting NVIDIA. The combination of above-median size, late filing, and high peer-cluster activity on the same day as a paired smaller buy creates a multi-layered pattern. Viewed across 94 disclosed NVIDIA trades in this portfolio, large buys coinciding with dense congressional clustering warrant attention.

This May 21, 2025 buy of approximately $1,001 is a minimum-band transaction disclosed promptly at 20 days, well within both Kapitol's internal threshold and the STOCK Act limit. The primary signal here is the member cluster: six members of Congress disclosed NVIDIA trades within the surrounding 14-day window, indicating a period of elevated congressional activity in the stock. Whether that reflects broad market movement in AI equities or more targeted information is not determinable from disclosure data alone. Committee overlap remains structurally active given Khanna's Armed Services AI subcommittee role, which provides regular institutional exposure to federal AI spending priorities and supply-chain considerations directly relevant to NVIDIA. This trade is part of a recurring pattern of small, periodic NVIDIA buys that, viewed individually, appear routine, but collectively across 94 disclosed trades represent a sustained and active position in one of the most policy-sensitive semiconductor companies in the U.S. market.

This June 6, 2025 buy of approximately $1,001 carries two active signals: a late disclosure at 33 days, exceeding Kapitol's 30-day internal flag threshold while remaining within the STOCK Act's 45-day statutory deadline, and a member cluster of five concurrent congressional NVIDIA disclosures. The trade size itself is at the portfolio median and draws no size flag. What gives this transaction additional context is its placement within a sequence of recurring small NVIDIA buys in the April-through-July 2025 period visible in this dataset, each accompanied by member-cluster signals of varying density. Khanna's committee positions, particularly his Ranking Member role on the Armed Services AI subcommittee and his seat on the China competition committee, mean his institutional exposure to NVIDIA-relevant policy is continuous rather than episodic. Across 94 disclosed NVIDIA trades, this recurring pattern of small purchases with periodic late filings and peer-cluster co-occurrence is the structural story.

This June 20, 2025 buy of approximately $1,001 was filed promptly at 19 days, within all applicable thresholds, and the trade size matches the portfolio median. The single active signal beyond committee overlap is the member cluster: five members of Congress disclosed NVIDIA trades in the surrounding 14-day window. This trade sits within the same multi-week sequence of small NVIDIA buys visible across trades 5859, 5272, and 4759, suggesting a recurring purchase cadence rather than isolated opportunistic entries. The structural concern in this pattern is not any single trade but the sustained nature of active NVIDIA positioning by a member who, as Ranking Member of the Armed Services AI subcommittee, is routinely briefed on or participates in deliberations covering DOD AI procurement, defense digital modernization, and semiconductor supply-chain policy. Across 94 disclosed NVIDIA trades, this level of sustained engagement with one stock warrants consistent tracking.

This July 2, 2025 buy of approximately $1,001 continues the pattern of recurring small NVIDIA purchases visible across prior months. It was filed 36 days after the trade date, past Kapitol's 30-day internal flag threshold but within the STOCK Act's 45-day statutory deadline. A member cluster also fires at the minimum threshold of three members disclosing NVIDIA trades in the same 14-day window. While the trade size is unremarkable at the portfolio median, the late-filing pattern is notable in aggregate: across the ten trades analyzed here, five carry late-disclosure flags, suggesting a recurring gap between transaction timing and reporting across this portfolio's NVIDIA activity. Khanna's committee positions mean his professional environment continuously intersects with semiconductor and AI policy. This particular trade, though small, is structurally consistent with a sustained, actively managed NVIDIA position spanning at least 94 disclosed transactions according to public disclosure data.

This September 5, 2025 sell of approximately $1,001 is one of two sales visible among the ten most recent trades and was filed at 28 days, just inside Kapitol's 30-day internal flag threshold. No size anomaly fires, and the trade sits at the portfolio median. The member-cluster signal fires at the minimum threshold of three concurrent congressional disclosures. The shift to a sell within a period otherwise dominated by small buys across the April-to-November 2025 window may simply reflect portfolio rebalancing by the trust manager, though the direction change is worth noting given the broader accumulation pattern. Khanna's committee overlap remains structurally active throughout this period. Across 94 disclosed NVIDIA trades in this portfolio, periodic sells interspersed with more frequent buys are consistent with an actively managed trust position rather than a simple buy-and-hold strategy, though the overall net direction of the position is not determinable from the trades shown here alone.

This November 7, 2025 buy of approximately $1,001 was filed at 31 days, marginally past Kapitol's 30-day internal flag threshold and within the STOCK Act's 45-day statutory deadline. A member cluster of five fires for this trade, indicating elevated concurrent congressional interest in NVIDIA around this date. The trade size is at the portfolio median. Taken in isolation, this is a routine minimum-band buy with modest signal activity. In the context of 94 total disclosed NVIDIA trades across this portfolio and Khanna's sustained committee positions, the November purchase reflects continued exposure to a stock that sits squarely within the policy and procurement scope of his most senior committee role. The recurring combination of late disclosures, periodic cluster signals, and a member who holds Ranking Member status on the Armed Services subcommittee directly responsible for DOD AI and digital systems is the pattern that makes this pairing structurally notable.

This November 24, 2025 sell of approximately $1,001 is the lowest-signal trade among the ten analyzed here. It was filed promptly at 14 days, well within all applicable thresholds, the size is at the portfolio median, and no member cluster fires. The only active signal is committee overlap, which remains structurally present throughout Khanna's tenure given his Ranking Member status on the Armed Services AI subcommittee and his China competition committee seat, both of which intersect with NVIDIA's business. This trade appears to represent routine portfolio activity by the trust manager, occurring just 17 days after the November 7 buy and likely reflecting short-term position adjustment. Individually, this disclosure is clean across the mechanical signals. Its significance lies only in its place within the broader 94-trade NVIDIA pattern, where committee overlap is a persistent structural backdrop for every transaction in this portfolio regardless of individual signal density.