Nancy Pelosi’s Family Bought Intel in July, Right Before Its Worst Day Since 1974
Paul Pelosi bought Intel shares and options worth up to $1.5 million in late July, then Intel suffered its worst single-session collapse in half a century. Now retail investors who copy congressional trades are tallying the damage.
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Nancy Pelosi’s household bought Intel (NASDAQ:INTC | INTC Price Prediction) on July 24, 2026. Barely three months later, the stock sits 34.86% below where it traded that day, after a single-session collapse reported as Intel’s worst since 1974.
For retail investors who copy Washington’s stock trades, the timing hurts, and the same day, Bloomberg’s ETF IQ scheduled a deep look at the fund built to clone those trades.
A Seven-Figure Intel Purchase Hits a Historic Crash
A House periodic transaction report reveals the purchases. The disclosure lawmakers must file when they or family members trade securities shows Pelosi’s husband, Paul Pelosi, bought shares of Intel valued at $500,001 to $1,000,000, plus Intel options valued at $250,001 to $500,000. Both trades are dated July 24, and the filing was submitted August 21, 2026. Combined, that’s a position worth up to $1.5 million.
Intel closed at $92.32 on the purchase date. On October 30, it plunged roughly 30% in one session after warning that the PC slump would drag into next year, its worst single-day drop since 1974. The stock closed that day at $65.76 and fell another 8.55% Monday to $60.14.
Strong Numbers Couldn’t Save Intel From Its Own Outlook
The crash followed a quarter that looked solid on paper. Intel’s third-quarter revenue rose 20.9% to $16.51 billion, and adjusted EPS of $0.52 beat the $0.40 estimate. Data Center and AI revenue jumped 78%.
The PC business told a different story. Client Computing revenue fell 5%, and fourth-quarter guidance called for revenue of $15.0 billion to $16.0 billion and adjusted EPS of $0.25. Chief Executive Lip-Bu Tan acknowledged “near-term headwinds across the PC industry” while claiming CPU demand “remains robust.”
Investors sided with the headwinds. Intel is down 49.98% over the past month, though it remains up 62.98% year to date thanks to a huge run earlier in 2026.
Fine Print That Changes the Pelosi Scorecard
The holding is listed under the spouse’s name, and the amounts are disclosed only as ranges, so the exact dollar loss is unknown. Their strike prices and expiration dates weren’t disclosed. The options were call options (contracts that profit if a stock rises), and those terms determine whether they’re underwater or close to worthless.
The same filing also shows a larger purchase of Bloom Energy (NYSE:BE). The household bought Bloom stock and options valued at $1,000,001 to $5,000,000 each on July 24, then added more on July 28. That trade is working: Bloom is up 6.39% since July 24, riding AI data center power demand that lifted third-quarter revenue 138.1%.
Copycat Investors Get Their Moment on National TV
The Subversive Congressional Democrats Trading ETF (CBOE:NANC) mirrors trades disclosed by Democratic lawmakers and their families under the STOCK Act. Bloomberg’s ETF IQ scheduled a drill-down into NANC for Monday’s noon ET broadcast, according to a post from host Eric Balchunas.
NANC’s exposure to Intel’s crash was small. As of June 30, the fund held 9,814 Intel shares, just 0.49% of its $282.2 million in net assets. Its largest holdings were chip leaders NVIDIA (NASDAQ:NVDA) at 7.94% and Applied Materials (NASDAQ:AMAT) at 6.47%. Bloom didn’t appear in that snapshot.
Up 2% since July 24, the fund has returned 9.43% year to date. Since February 7, 2023, it has gained 98.72%.
The Intel episode reveals the core weakness of copying Congress: the lag, as lawmakers can report trades weeks after making them, and this one showed up nearly a month later. Followers buy on the disclosure date, after the original buyer has locked in a price, and diversification across 105 positions is what protected NANC holders here.
What to Watch Next
Future House filings will show whether the Pelosi household sold Intel, held through the crash, or let the calls expire. NANC’s next portfolio report will reveal whether the fund added Intel or Bloom after the August disclosure. Intel’s fourth-quarter results will be telling. Measured against that $0.25 EPS guide, they will show whether October 30 marked the bottom of the PC slump or an early stage of it.
Data Sources
- Eric Balchunas post on X: Bloomberg ETF IQ scheduled a NANC section for its November 2 noon ET broadcast.
Contact [email protected] for any questions or corrections.
Jake has been been working in financial media for almost 15 years. He focuses on all things personal finance for 24/7 Wall St. with high hopes to educate and entertain. Most recently, Jake spent 12 years working various roles at The Motley Fool. He started copy editing fool.com content, worked on premium and marketing campaigns, and helped launch The Ascent, a personal finance brand.
His work has been featured on platforms like MSN, Yahoo Finance, USA Today, and more. He's written about credit cards, social security, ETFs, savings accounts, and just about anything else you can imagine when thinking about money. Jake love to cook, play golf, and tell people he's never had a cavity. (It's true!)
