Rep. McCaul Is Aggressively Betting on Stock Market Recovery

Michael McCaul, the U.S. representative for Texas's 10th congressional district since 2005, has laid aggressive bets that the U.S. stock market will recover from the latest selloff.

McCaul, a member of the Republican Party, invested millions of dollars in Vanguard Total Stock Market Index Fund ETF (VTI) in September, according to Friday’s filings. As many as 10 buy VTI trades, in the value range of $500,000 - $1 million, were reported for September with the price ranging from $185.8 to $204.45.

More purchases of VTI were made in September, although in smaller sizes. VTI, which seeks to track the performance of the CRSP US Total Market Index and investors in Large-, mid-, and small-cap stocks across growth and value styles, closed at $184.21 on Monday, October 17.

Moreover, Congressman McCaul made over 40 trades, registered in the names of his spouse and children. Each of these transactions was valued between $100,000 to $250,000. Among others, Mr. McCaul invested a significant amount in Shell (SHEL: US).

Furthermore, the Congressman was selling shares of Unilever (UL: US), Dollar Tree (DLTR: US), Alphabet (GOOGL: US), Berkshire Hathaway (BRK/B: US), Dollar General (DG: US), UnitedHealth (UNH: US), Marriott (MAR: US), etc.

All-in-all, Rep. McCaul disclosed that he made nearly 170 trades in September. His frequent trading activity isn’t surprising given that he made nearly 6,700 trades in the past 3 years, mostly trading in Industrials, Financials, and Technology stocks.

Congressman McCaul is a Republican Leader for the Foreign Affairs Committee and Chairman of the House Committee on Homeland Security.