Bill Cassidy Stock Trades

Bill Cassidy Disclosed Trading Activity | Quantellect Bill Cassidy Disclosed Trading Activity

Bill Cassidy's disclosed trading activity spans 179 transactions dating back to 2014, and one pattern is unmistakable: 172 of those 179 transactions, or nearly the entire record, are attributed to a spouse. Only two joint transactions and one dependent-child transaction appear alongside them, with four unattributed. No transaction in the dataset is coded SELF, a distinction readers should keep in mind before drawing conclusions about the senator's own market views.

The trading record also skews heavily toward selling. Of the 179 disclosed transactions, 110 were sales against 69 purchases. The most recent year, 2020, was especially sale-heavy, with 44 transactions consisting of 38 sales and 6 purchases. That followed a comparatively quiet 2019, with 13 transactions split between 9 purchases and 4 sales, and a heavier 2018, with 33 transactions including 23 sales. The earlier history was uneven: 2014 had 8 transactions, 2015 had 5, and 2016 alone accounted for 57 transactions, almost evenly split between 29 purchases and 28 sales.

Trading Activity Skewed Toward Tech and Health Care

Across the full disclosure history, trading activity concentrated most heavily in Information Technology, with 31 transactions, and Health Care, with 26. Consumer Discretionary, Energy, and Unknown classifications accounted for 17 each, followed by Communication Services with 15, Consumer Staples and Industrials with 14 each, Financials with 13, Materials and Real Estate with 6 each, and Utilities with 3. The most frequently disclosed securities read like a list of large, familiar companies: Apple appears in 10 transaction rows, followed by six apiece for Cisco Systems, CVS Health, Walt Disney, Lowe's, Medtronic, Microsoft, Procter & Gamble, and Exxon Mobil. Comcast, Novartis, and Walmart appear in five apiece.

A striking single-day event appears on November 5, 2020, when the record shows spouse-attributed sales in Apple, Microsoft, Disney, IBM, United Parcel Service, Cisco, Comcast, Dow, Medtronic, Lowe's, Amgen, Procter & Gamble, CVS Health, Walmart, JPMorgan Chase, Starbucks, BlackRock, and Prologis. Every transaction in that batch is marked "Sale (Full)" and carries a disclosed range of $1,001–$15,000. The filing lists December 8, 2020 as the disclosure date. The transactions span technology, health care, consumer, industrial, financial, materials, communication-services, and real-estate securities, and November 5 stands as the latest transaction date in the record, which runs from September 2014 through November 2020.

Earlier disclosures show partial sales involving several of the same recurring names. Apple, Microsoft, Disney, IBM, Comcast, Lowe's, and Starbucks appear among transactions marked "Sale (Partial)" on March 9, August 19, or September 11, 2020. Those transaction dates correspond to disclosure dates of March 27, September 18, and October 13, respectively. Each of those seven securities later appears in a spouse-attributed transaction marked "Sale (Full)" on November 5, 2020.

What the Companies Do

The names most repeated in the record cut across the economy. Apple designs smartphones, computers, tablets, and wearables and provides cloud, payment, media, and subscription services. Microsoft offers operating systems, productivity applications, cloud services, gaming products, and devices. Cisco develops networking, security, collaboration, and monitoring technologies. IBM operates software, consulting, infrastructure, and financing businesses, including hybrid-cloud and AI platforms. On the health care side, CVS Health spans health insurance, pharmacy-benefit management, and retail pharmacy; Medtronic develops implantable cardiac devices and other medical and surgical technologies; and Amgen and Novartis develop pharmaceutical products across areas including oncology, immunology, and cardiovascular disease. Disney and Comcast operate broad media and entertainment businesses that include streaming services, while Comcast also provides connectivity services and both companies operate theme-park businesses. Procter & Gamble and Walmart appear within the consumer-staples activity, while Exxon Mobil is the most frequently disclosed Energy security. BlackRock operates as an investment manager, and JPMorgan Chase is a bank and financial holding company.

Two entries in the most-frequently-disclosed list carry no available company name or sector in the underlying data: the tickers EV and IHE, each with two disclosed transactions. Their missing classifications contribute to the 17 transactions the data classifies under an Unknown sector, a reminder that not every disclosed line item maps cleanly to a standard company record.

A single dependent-child transaction and two joint transactions sit apart from the spousal-attributed bulk of the record, though the packet does not specify which securities they involve. Under the Stop Trading on Congressional Knowledge Act of 2012, covered transactions involving a member, spouse, or dependent child generally must be reported no later than 45 days after the transaction. That reporting framework is why a transaction can carry a transaction date and a disclosure date weeks apart, as several entries in this record do.

About This Data

This Quantellect profile is built from official congressional financial disclosure filings covering transactions dated between September 11, 2014 and November 5, 2020, as reported under the Stop Trading on Congressional Knowledge Act of 2012. Disclosures reflect activity by the member, spouse, dependent children, or jointly held accounts, as indicated by the attribution codes in the underlying filings; the overwhelming majority of transactions in this record are coded as spousal. Amounts are disclosed in ranges rather than exact figures, consistent with Senate Select Committee on Ethics financial disclosure guidance. This page covers transaction disclosures only and should not be construed as investment advice. The official Senate filing for the November 5, 2020 transactions is available through the electronic financial disclosure system.