Thomas Kean Jr Rebalances His Portfolio, Adds a Bank, Video Games
Thomas Kean Jr., a member of the House of Representatives representing New Jersey’s 7th Congressional District, has been making some rebalancing trades in January. His largest trades looked more like a rollover, selling between $100K-250K of US Treasury Notes on January 15, 2023 and then buying new US Treasury Notes of $100K-250K on January 19, 2023. But more interestingly, he did make several other trades to note.
Throughout January his trades included selling between $15K-50K of Stryker Corp (SYK:US) on the 10th Jan and another $15K-50K on the 27th, with the same amounts and dates sold of S&P Global Inc (SPGI:US). He made additional sales of Markel Corp (MKL:US) on January 10 of $1K-15K, as well as $15K-50K of each Johnson & Johnson (JNJ:US) and Aon PLC (AON:US) on January 27.
He has, so far, made 2 other purchases in January. The first was a small purchase of $1K-15K of Take-Two Interactive (TTWO:US), a video game company, and a larger purchase of $15K-50K of the Bank of America Corp (BAC:US). He is in the green on both trades, but Bank of America has recently been downgraded by analysts Piper Sandler (Jan 17: Neutral to Underweight), Atlantic Equities (Jan 31: Overweight to Neutral) and Keefe Bruyette (Mkt Perform to Underweight). It will be interesting to see if the trend continues.
Thomas Kean Jr. is a notable New Jersey Republican who has held a seat in the New Jersey Senate since 2003 and has been influential in shaping the Party's objectives in the region, representing the 21st legislative district. He is known for his moderate stance on political issues and advocacy for enhancing education, lowering taxes, and bolstering the economy in the state.
