Max L. Miller Stock Trades

The most striking pattern in Max L. Miller's disclosed trading record is not any single transaction but a wholesale change in the kinds of transactions appearing in it. In the earlier part of the record, his disclosures include index funds, ETFs and mutual funds. Starting in late 2023 and continuing through his most recent filings in 2026, most disclosed purchases instead name funds associated with GLAS Funds, LP in the security description. That is a genuine shift in character, not just volume, and it shows up clearly across the 78 transactions in the record.

A Pivot in Disclosed Fund Activity

The earlier phase of the record includes familiar public names: the Vanguard S&P 500 ETF (VOO), the Vanguard Mid-Cap ETF (VO), the JPMorgan US Equity Premium Income Active ETF (JEPI), an iShares emerging-markets ex-China fund, and a spread of funds including Baillie Gifford Long Term Global Growth, PGIM Total Return Bond, PGIM High Yield, Mondrian Global Equity Value, Ninety One Global Franchise, and The Merger Fund. Sales of many of those securities appeared in a tight cluster of transactions dated May 6 and May 11, 2023, followed by further partial sales of VOO, VO and JEPI on October 6, 2023. Separately, a U.S. Treasury Bill maturing January 17, 2023 was sold across three disclosed transactions in amounts ranging from $15,001 to $250,000.

From late 2023 onward, disclosed purchases frequently name funds associated with GLAS Funds, LP in the security description: Alpine Investors IX, Mercato Partners Traverse IV, AIX Ventures Fund II, New Water Capital Partners II, Riverside Acceleration Capital Opportunity Fund II, RAC Opportunity Fund II, Trimer Capital Partners I, and Elliot Associates, LP. The record also includes two partial sales of the Cliffwater Corporate Lending Fund, identified in the security name with ticker CCLFX, in May 2026. The 2023 calendar year is the pivot point in the data: it carries the highest transaction count of any year in the record, 28, and is the only year in which disclosed sales, 15, outnumbered purchases, 13. Every subsequent year on record reverts to a purchase-heavy pattern: 2024 shows 11 purchases against 2 sales, 2025 shows 19 purchases against 1 sale, and the partial-year 2026 total stands at 12 purchases against 4 sales through the latest transaction date of July 22, which was disclosed on July 26, 2026.

Many of the recent GLAS-linked purchases are reported at exact, non-round dollar figures rather than disclosure ranges, for example $707.21, $584.22, $459.77, $833.71 and $982.18. Exact-amount purchases recur across multiple filing periods from 2023 through 2026, alongside purchases reported in ranges such as $1,001 to $15,000 and $15,001 to $50,000. The disclosures provide the transaction type and amount but do not state a mechanism beyond the reported transaction.

Trading Activity and Attribution

All 78 transactions in the record are attributed to Miller himself, with no transactions coded to a spouse, dependent child, or joint account. The most frequently disclosed securities by transaction count are modest: a security with the ticker “II” tied to New Water Capital (two purchases), and VOO (two sales), followed by single disclosed transactions each in CHINA, GLAS, IB, INSTL, JEPI and VO. The sector field is not populated for any of the 78 transactions in this dataset, so no formal sector breakdown can be drawn from the disclosures. The data therefore supports analysis of transaction frequency and security names, but not a formal sector classification.

The most recent disclosed activity is a July 22, 2026 purchase of Riverside Acceleration Capital Opportunity Fund II in the $1,001 to $15,000 range; its security name includes GLAS Funds, LP. That transaction was disclosed on July 26. The recent record also includes a pair of partial sales of the Cliffwater Corporate Lending Fund dated May 29, 2026, each in the $15,001 to $50,000 range and disclosed on July 1. The amounts cited for these transactions are disclosed ranges, not exact dollar amounts.

One feature of the disclosure timeline is worth flagging on its own terms: several transaction dates substantially precede their corresponding disclosure dates. A February 5, 2020 purchase carries a disclosure date of February 3, 2023. The dataset also contains three transaction rows dated January 6, February 15 and February 17, 2023 with a disclosure date of June 28, 2024. These differences reflect the distinct transaction-date and disclosure-date fields in the record and do not by themselves establish intent.

No Quantellect Score row exists for Miller at the latest published score date, August 21, 2026. At that date, the score data includes 76 members, 73 of whom are sitting members. Separately, the population data measured August 22, 2026 reports 537 sitting members of Congress, including 276 with no disclosed trades; 237 of those members are in the House. Miller's disclosed record contains 78 transactions dating from 2020 through 2026.

About This Data

This profile is built from official congressional financial disclosure filings, including Periodic Transaction Reports filed with the U.S. House of Representatives. Periodic transaction reporting obligations stem from the Stop Trading on Congressional Knowledge (STOCK) Act of 2012, and reporting mechanics are governed by the House Committee on Ethics financial disclosure instruction guide. Disclosed amounts can appear as ranges or as exact values, as this record shows, and a disclosure filed under a member's name can reflect transactions made by the member, a spouse, a dependent child, or an account acting on their behalf; this record identifies all 78 transactions as attributed to Miller himself. This page reflects transaction-level disclosures only.