Joseph D. Morelle Stock Trades

The financial disclosure record for Rep. Joseph D. Morelle (D-NY-25) is short, dated, and heavily clustered. Of the 19 transactions in the database, 15 sales executed on November 20, 2020, and one exchange dated May 11, 2020, were disclosed on a single filing dated December 9, 2020. That one filing accounts for the large majority of everything on record for this member. Outside that filing, there are only three other transactions, all from 2019, and every single transaction across the full record, all 19 of them, is coded as joint rather than solely attributable to the congressman.

Morelle represents New York's 25th District in the House, where his current term runs from January 3, 2025 to January 3, 2027. The disclosure data available here runs from May 3, 2019 through November 20, 2020, and the database contains no later transaction. There is no Quantellect Score on file for this member. The absence reason given in the data is that no score row exists for this subject as of the most recent published score date, which is not the same as a poor score; it means no score row exists for him.

A Concentrated Sell-Down, Then Silence

The year-by-year pattern is stark. In 2019, the record shows three transactions: two purchases and one sale. In 2020, the record shows 16 transactions: zero purchases, 15 sales, and one exchange. There is no purchase activity anywhere in the 2020 data. Every recorded 2020 transaction other than the exchange was a sale, and all 15 of those sales share the same transaction date of November 20, 2020, and the same disclosure date of December 9, 2020, with a filing status marked "New" on each line. That is a broad, same-day batch of sales across a wide range of names rather than a single security being trimmed.

The one non-sale, non-purchase entry in 2020 is coded as an "Exchange" dated May 11, 2020: the filing describes AbbVie's acquisition of Allergan, under which Allergan shareholders received 0.866 AbbVie shares for each Allergan share held. That is a corporate-action conversion rather than a discretionary trade.

Attribution matters here. Every one of the 19 transactions, without exception, carries a "JT" attribution code, meaning joint. The data does not support describing any of these as the congressman's individual, unilateral investment decisions; every transaction carries joint attribution. One sale also stands out for its disclosure timing: a Digimarc Corporation (DMRC) sale executed May 3, 2019 was disclosed July 9, 2020. By comparison, the two purchases executed September 5, 2019 were disclosed September 20, 2019, while the November 20, 2020 sales were disclosed December 9, 2020.

What Was Sold, and What It Tells You

The most frequently disclosed names in the record are Amazon.com (AMZN) and SoftBank Group (SFTBY), each appearing twice: a purchase in September 2019 followed by a sale in the November 2020 batch. Every other name in the "most frequently disclosed securities" list appears exactly once. Digimarc (DMRC) appears through its May 2019 sale; the remaining names appear in the November 2020 sale cluster: Apple (AAPL), AbbVie (ABBV), Brookfield Infrastructure Partners (BIP), Financial Institutions Inc. (FISI), Intel (INTC), MetLife (MET), Microsoft (MSFT), Procter & Gamble (PG), Phillips 66 (PSX), UnitedHealth Group (UNH), United Rentals (URI), and a security recorded under ticker PFH tied to Prudential Financial in the filing text. A block of Alphabet Class A shares (GOOGL) was also sold that day, though no ticker was captured for that line in the underlying data.

By sector, the disclosed transaction activity spanned Information Technology (four transactions, across Apple, Microsoft, Intel, and Digimarc), Financials (two, MetLife and Financial Institutions Inc.), Health Care (two, AbbVie and UnitedHealth), Consumer Discretionary (two, both Amazon transactions), and single transactions each in Consumer Staples (Procter & Gamble), Energy (Phillips 66), Industrials (United Rentals), and Utilities (Brookfield Infrastructure Partners). Five transactions, including the two SoftBank entries and the Prudential-linked line, carry no sector classification in the data. That mix, mega-cap technology and health care names alongside a regional New York bank, an insurer, and an industrial rental company, shows activity distributed across several classified sectors, with much of the sales activity concentrated in the November 20 batch.

Several of the sold names are large, well-known operating companies whose businesses are self-explanatory to investors: Amazon spans retail, advertising, electronic devices, subscriptions, and cloud computing through AWS; Microsoft develops operating systems, business applications, cloud services, games, and devices; and Apple designs and markets smartphones, personal computers, tablets, wearables, and accessories. Intel designs, develops, and manufactures computing and semiconductor products. UnitedHealth Group's business includes health-benefit plans, care delivery, and pharmacy care services, while AbbVie researches, develops, manufactures, and sells medicines and therapies. Phillips 66 operates as an integrated downstream energy provider across businesses that include midstream, chemicals, refining, marketing, and renewable fuels. United Rentals operates an equipment-rental business serving construction, industrial, municipal, and other customers across several countries. Together, those business descriptions help explain the breadth of the sector classifications represented in the transaction record.

Filing citations for the transactions referenced above are available directly from the House Clerk's public disclosure system: the September 2019 periodic transaction report, the filing covering the Digimarc sale, and the December 2020 filing covering the May exchange and November 20 sale cluster.

Disclosure and Methodology Notes

This profile is built from periodic transaction report data disclosed under the Stop Trading on Congressional Knowledge (STOCK) Act of 2012, which requires members of Congress to report covered securities transactions above disclosure thresholds within a set window of the trade. Reporting follows the format and instructions set out in the House Committee on Ethics financial disclosure instruction guide. Dollar amounts on these forms are reported as ranges rather than exact figures, and this profile presents only the ranges as disclosed. Transactions marked with a "JT" attribution code carry joint attribution and are not necessarily the reporting member's individual investment decisions. This profile is limited to the transaction-level disclosures on file in the database; it summarizes transaction and disclosure dates, transaction types, disclosed amount ranges, security identifiers, sector classifications where available, and attribution codes.