Rep. Scott Franklin sold Alphabet, Apple, and JPMorgan, then rotated into defensive names
As seen on the 24/7 Wall St. homepage on September 17, 2026.
- ACN Accenture plc Class A Ordinary Shares (ACN)Buy$1K – $15KAug 26
- ACN Accenture plc Class A Ordinary Shares (ACN)Buy$1K – $15KAug 26
- GOOG Alphabet Inc. - Class C Capital Stock (GOOG)Partial sell$1K – $15KAug 20
- GOOG Fidelity Roth IRA Alphabet Inc. - Class C Capital Stock (GOOG)Partial sell$1K – $15KAug 20
- AAPL Apple Inc. - Common Stock (AAPL)Partial sell$1K – $15KAug 20
- JPM Fidelity Roth IRA JP Morgan Chase & Co. Common Stock (JPM)Partial sell$1K – $15KAug 20
- JPM JP Morgan Chase & Co. Common Stock (JPM)Partial sell$1K – $15KAug 20
- LSYIX Lord Abbett Short Duration High Yield I (LSYIX) bond fundBuy$1K – $15KAug 26
About as clear a risk-off tell as a House filing gives you: a sitting appropriator rotated out of megacap tech and a big bank in the same week. The filing shows trims of Alphabet, Apple and JPMorgan on Aug. 20, purchases of defensive names like McDonald's, PepsiCo and Novo Nordisk six days later, plus short duration high yield.
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On August 20, Franklin filed partial sales of Alphabet Class C shares from two separate accounts, Apple common stock, and JPMorgan Chase from both a taxable account and a Fidelity Roth IRA. The disclosure arrived on September 17, a lag of 28 days from the first trades.
Six days after the trims, on August 26, the filing shows purchases of Accenture as well as a short-duration high-yield bond fund, LSYIX. The body of the disclosure also notes buys of McDonald's, PepsiCo, and Novo Nordisk on the same date. Taken together, the August 20 and August 26 activity looks like a deliberate rotation into defensive, lower-volatility names and a conservatively positioned fixed-income sleeve.
Franklin sits on the House Appropriations Committee, meaning he votes on discretionary federal spending. Appropriators often have earlier-than-average visibility into budget conditions, contractor funding cycles, and the broader fiscal backdrop, which is part of why their portfolio moves draw attention from political-trade trackers.
What a reader should watch is whether the defensive tilt continues in subsequent filings, and whether the stocks trimmed on August 20 underperform the purchases made on August 26 over the following quarter. The 28-day disclosure lag means the market has already had nearly a month to move since these transactions were executed.