Rep. Brandon Gill buys RSP ETF, betting on equal-weight S&P 500
As seen on the 24/7 Wall St. homepage on September 9, 2026.
- RSP ETFBuy$50K – $100K
A House member putting up to $100,000 into the equal-weight S&P 500 rather than single names is a quiet bet that the index's mega-cap concentration has run far enough. It is his only trade in this filing, disclosed 27 days after execution.
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Rep. Brandon Gill purchased up to $100,000 of the RSP ETF on August 13, 2026, choosing a fund that gives every S&P 500 stock the same weight rather than tilting toward the largest names.
The fund is structurally different from a standard S&P 500 index fund. Because it rebalances each constituent to an equal slice, it underweights the mega-cap technology names that dominate market-cap-weighted indexes and overweights mid-sized companies that rarely move the needle in traditional funds.
Disclosure
1 INVESTMENTS ARE NOT FDIC INSURED • ARE NOT BANK GUARANTEED • MAY LOSE VALUE Brokerage and Active investing products offered through SoFi Securities LLC, member FINRA( www.finra.org )/SIPC( www.sipc.org ).2The probability of a member receiving $1,000 is 0.028%. If you don’t make a selection in 45 days, you’ll no longer qualify for the promo. Members must fund their account with a minimum of $50.00 to qualify. The probability percentage is subject to decrease. Members are only eligible for the Stock Award promotion upon opening their first brokerage account; subsequent cash brokerage accounts are ineligible for the promo, including for members with multiple accounts. 3Other fees, such as exchange fees, may apply. Please view our fee disclosure to view a full listing of fees. 4There are limitations with fractional shares to consider before investing. During market hours fractional share orders are transmitted immediately in the order received. There may be system delays from receipt of your order until execution and market conditions may adversely impact execution prices. Outside of market hours orders are received on a not held basis and will be aggregated for each security then executed in the morning trade window of the next business day at market open. Share will be delivered at an average price received for executing the securities through a single batched order. Fractional shares may not be transferred to another firm. Fractional shares will be sold when a transfer or closure request is initiated. Please consider that selling securities is a taxable event.
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The trade was the only one in this filing, disclosed 27 days after execution on September 9, 2026, a deliberate standalone allocation rather than part of a wider reshuffle.
For investors watching congressional trading disclosures, the choice of a broad, diversified instrument over individual stock picks limits the sector read-through, but it signals a view that concentration at the top of the market has stretched far enough to favor the rest of the index.