When a single politician buys a stock, it could mean anything. When ten different politicians and hedge fund managers independently hold the same ticker, across different committees, different strategies, and different risk profiles, that’s a signal worth paying attention to.
We cross-referenced all 232 active positions across 57 tracked wallets (46 politicians + 11 institutional investors) to find the stocks that smart money agrees on.
Key findings:
- Alphabet (GOOG) is the most widely held stock, appearing in 10 wallets (5 politicians, 5 hedge fund managers).
- NVIDIA (NVDA) is held by 7 politicians but zero hedge fund managers, making it the most politically concentrated consensus pick.
- Big tech dominates: the top 4 consensus stocks are all mega-cap tech (GOOG, MSFT, AAPL, NVDA).
- Buffett is the contrarian, holding more Coca-Cola (15.9%) and Chevron (13.3%) than any tech name while most smart money loads up on tech.
- Average portfolio weight ranges from 19.0% (GOOG) to 31.4% (AAPL), showing these are serious positions, not token allocations.
Top stocks owned by both politicians and hedge funds
Here are the stocks held by the most wallets in our database, with their average portfolio weight and who holds them:
1. Alphabet (GOOG), held by 10 wallets
| Holder | Weight | Category |
|---|---|---|
| John Fetterman | 100.0% | Politician |
| Li Lu | 23.8% | 13F |
| Dan Meuser | 16.3% | Politician |
| Bryan Lawrence | 13.5% | 13F |
| Roger Williams | 11.7% | Politician |
| Cleo Fields | 8.2% | Politician |
| Nancy Pelosi | 8.2% | Politician |
| Pat Dorsey | 4.4% | 13F |
| Bill Ackman | 2.9% | 13F |
| Chris Hohn | 1.0% | 13F |
Average weight: 19.0%. The most widely held stock in our database. What’s remarkable is the cross-category agreement: 5 politicians and 5 hedge fund managers all hold GOOG. John Fetterman has it as his entire portfolio (100%). Hedge fund managers like Bryan Lawrence (13.5%), Pat Dorsey (4.4%), and Chris Hohn (1.0%) hold it as part of diversified strategies.
2. Microsoft (MSFT), held by 9 wallets
| Holder | Weight | Category |
|---|---|---|
| Ed Case | 100.0% | Politician |
| Austin Scott | 35.6% | Politician |
| Dan Meuser | 25.3% | Politician |
| Chris Hohn | 21.6% | 13F |
| Katie Britt | 8.5% | Politician |
| James Comer | 8.1% | Politician |
| Cleo Fields | 8.0% | Politician |
| David J. Taylor | 7.8% | Politician |
| Nancy Pelosi | 4.9% | Politician |
Average weight: 24.4%. Heavily tilted toward politicians (8 out of 9 holders). Chris Hohn is the only institutional investor, but he holds it at 21.6%, his largest position. The high average weight suggests these aren’t token positions; people are seriously allocated to MSFT.
3. Apple (AAPL), held by 7 wallets
| Holder | Weight | Category |
|---|---|---|
| Robert B. Aderholt | 100.0% | Politician |
| Terri A. Sewell | 46.5% | Politician |
| Laurel Lee | 30.4% | Politician |
| James Comer | 12.5% | Politician |
| Katie Britt | 10.6% | Politician |
| Cleo Fields | 10.3% | Politician |
| Buffett | 9.6% | 13F |
Average weight: 31.4%. The highest average weight of any consensus pick. Notably, Buffett has been reducing his Apple position aggressively (from 40%+ to 9.6%) while most politicians still hold it as a core position.
4. NVIDIA (NVDA), held by 7 wallets
| Holder | Weight | Category |
|---|---|---|
| Terri A. Sewell | 53.5% | Politician |
| Cleo Fields | 36.0% | Politician |
| John McGuire | 22.9% | Politician |
| Nancy Pelosi | 19.2% | Politician |
| Ashley Moody | 13.9% | Politician |
| James Comer | 10.5% | Politician |
| Katie Britt | 9.7% | Politician |
Average weight: 23.7%. The AI/semiconductor darling is exclusively held by politicians in our database, with no 13F filers holding it currently. Pelosi’s 19.2% allocation is well-known, but Terri Sewell at 53.5% and Cleo Fields at 36.0% have even larger bets.
5. Amazon (AMZN), held by 6 wallets
Held by Bill Ackman (26.2%), Nancy Pelosi (12.6%), James Comer (10.1%), Katie Britt (8.9%), Cleo Fields (8.0%), and David J. Taylor (7.8%). The only stock in the top 5 where a hedge fund manager has the largest position.
6. Visa (V), held by 6 wallets
Held by Chris Hohn (18.9%), Chuck Akre (13.0%), David J. Taylor (12.9%), Katie Britt (9.8%), Dan Meuser (9.8%), and Buffett (1.2%). Interesting cross-category consensus on a payment infrastructure play.
What the smart money consensus tells us
Three patterns emerge from this data:
1. Big tech dominance. The top 4 consensus picks are all mega-cap tech (GOOG, MSFT, AAPL, NVDA). Smart money, both institutional and political, is heavily concentrated in the same handful of names.
2. Politicians and hedge funds diverge on NVDA. NVIDIA is held by 7 politicians but zero hedge fund managers in our database. The AI chipmaker has become a political portfolio staple while institutional investors have been more cautious (or have exposure through different instruments not captured in 13F filings).
3. Buffett is the contrarian. While most smart money is loading up on tech, Buffett has been selling Apple aggressively and holds more Coca-Cola (15.9%) and Chevron (13.3%) than any tech name. His portfolio overlaps with the consensus on AAPL (9.6%) and GOOGL (2.8%), but the weights are much smaller.
Under-the-radar smart money stock picks
Below the mega-cap consensus, some interesting overlaps appear:
| Ticker | Wallets | Sector | Notable holders |
|---|---|---|---|
| META | 5 | Social/AI | Morrison (54.4%), McGuire (23.0%), Ackman (20.1%) |
| PG | 4 | Consumer staples | Cliff Bentz (44.8%), Lloyd Doggett (23.0%) |
| JPM | 4 | Banking | Laurel Lee (31.1%), Williams (12.2%) |
| NFLX | 4 | Streaming | McGuire (28.2%), Comer (8.4%), Pelosi (8.3%) |
| LLY | 3 | Pharma | Williams (12.8%), Ashley Moody (11.8%) |
| PANW | 3 | Cybersecurity | Comer (9.4%), Pelosi (7.5%), Hickenlooper (6.7%) |
How to use smart money data in your research
The consensus isn’t a trading strategy by itself. But it’s a powerful screener. When multiple independent sources of smart money converge on the same names, it narrows the research space.
The key question for each consensus pick: are they all buying for the same reason, or different reasons? Politicians on the Tech Committee buying NVDA might have different information than hedge fund managers buying it for portfolio diversification. When the reasons converge, the signal is strongest.
For the methodology behind our tracking, see our congressional trading guide. For individual portfolio breakdowns, check Pelosi, Buffett, or the full politician ranking. You can also explore the best politician stock tracker apps to follow these trades yourself.
Frequently asked questions
What stocks do politicians and hedge funds both own?
Based on our cross-referencing of 57 tracked wallets, the top overlapping stocks are Alphabet (GOOG) held by 10 wallets, Microsoft (MSFT) held by 9, Apple (AAPL) and NVIDIA (NVDA) each held by 7, and Amazon (AMZN) and Visa (V) each held by 6. GOOG has the strongest cross-category agreement, with 5 politicians and 5 hedge fund managers all holding the stock.
What is smart money in investing?
Smart money refers to capital invested by institutional investors, hedge funds, and informed market participants like politicians who may have access to non-public information or deep research resources. Tracking where smart money flows can help individual investors identify high-conviction positions and narrow their own research.
How do you track smart money trades?
TrueWallet tracks both politician disclosures and hedge fund 13F filings in one app, letting you see where smart money overlaps and follow those trades. Instead of checking multiple government databases and SEC filings separately, you get a unified view of what politicians and institutional investors are buying and selling.
