Steve Cohen Stock Trades

Steve Cohen Stock Trades: Congressional Trading Activity Profile

The most striking feature of Steve Cohen's most recent disclosures is not what he bought or sold in individual companies, but what he stopped trading almost entirely. Every one of his seven disclosed 2026 transactions through August 6 involves government or bank debt instruments rather than individual equities: Treasury bills maturing across 2026 and 2027, a JPMorgan Chase certificate of deposit, and a single small municipal-bond sale. Six of those seven were purchases. For a member whose disclosure history stretches back to 2012 and includes dozens of individual stock trades, a year built almost entirely around Treasury bills and CDs stands out.

The Tennessee Democrat, who represents the state's 9th District and is serving a House term that began January 3, 2025, has disclosed 175 transactions dating to August 14, 2012, the earliest transaction in the dataset. Of those, 78 are purchases, 94 are sales, and 3 fall into other categories. The overwhelming majority, 165 of 175, are attributed to Cohen himself. Six transactions carry a spouse attribution and four are joint, though the aggregate figures in the packet do not specify which securities those cover.

From Bulk Equity Sales to Fixed-Income Purchases

Cohen's year-by-year disclosure pattern shows real swings rather than a steady trading rhythm. 2020 was dominated by sales: 49 transactions, every one of them a sale, concentrated in a handful of filings dated April, May, and June of that year. Many of those 2020 sales, covering names like Coca-Cola, Chevron, Walt Disney, AT&T, FedEx, AutoZone, Boeing and First Horizon, are disclosed with filing text identifying them as a "New SubHolding Of" either a Stephens Advantage Account or a Stephens SEP IRA, language that appears directly in the security-name field of those filings. 2019 followed a similar pattern with 16 transactions, all sales. That liquidation wave gave way to the opposite in 2022: 13 transactions, every one a purchase, spread across preferred-stock and fixed-income-adjacent ETFs such as the Invesco Variable Rate Preferred ETF, the Global X Variable Rate Preferred ETF, and First Trust preferred-securities funds, alongside additions to Bank OZK's Series A preferred shares and First Horizon common stock.

Since 2023, volume has thinned further, with 10 transactions in 2023, 4 in 2024, 12 in 2025, and the 7 recorded so far in 2026, and the mix has tilted decisively toward government and bank paper. Recent purchases include a $500,001-$1,000,000 Treasury bill maturing 11/19/2026 (transaction date 2026-05-27), a $1,000,001-$5,000,000 Treasury bill maturing 2/19/2026 (2025-08-21), and multiple purchases in the $250,001-$1,000,000 range across 2025 and early 2026. Two 2024 purchases were Tennessee municipal instruments: an Eastside Utility District (Hamilton County) bond and a Bradley County government bond, both in the $15,001-$50,000 range, filed the same day.

Sector activity across the full 175-transaction history reflects that fixed-income tilt: 100 transactions carry no sector classification, largely a function of Treasury bills, CDs, and municipal bonds not mapping to an equity sector. Among the transactions that do carry a sector, Financials leads with 18, followed by Consumer Discretionary with 9; Communication Services, Health Care, and Industrials at 8 each; Energy and Information Technology at 7 each; and Consumer Staples and Real Estate at 5 each.

The Equity Names That Recur, and What Changed in Late 2025

First Horizon Corporation, the Memphis-based bank holding company, is the single most frequently disclosed security in Cohen's history, appearing in 7 transactions (2 purchases, 5 sales), most recently in a purchase filed in 2023. Chevron, Disney, and Coca-Cola each appear in 4 transactions, all sales, with each security's latest transaction dated May 11, 2020. Emergent BioSolutions, the biodefense and life-sciences company known for anthrax and smallpox countermeasures and for Narcan nasal spray, appears in 3 sales, the most recent in December 2024. Goldman Sachs appears twice, both in partial-sale transactions dated December 17, 2025 and disclosed January 14, 2026.

Those December 17, 2025 transactions form the most consequential recent cluster of equity activity: partial sales of Goldman Sachs (twice, $15,001-$50,000 each), Morgan Stanley ($50,001-$100,000), and Bank OZK preferred shares ($15,001-$50,000), plus a $1,001-$15,000 sale of shares in the Cohen & Steers Total Return Realty Fund. Two weeks later, transactions dated December 29, 2025 disclosed sales of Fluor Corporation, the Texas-based engineering and construction firm, and a partial sale of Northrop Grumman, the aerospace and defense contractor, each in the $15,001-$50,000 range. A December 26, 2025 transaction recorded a $1,001-$15,000 purchase of Sony Financial Group ADRs that was not filed until May 2026. The December 11, 2024 transactions, disclosed January 10, 2025, also included a sale of Host Hotels & Resorts, the lodging REIT, in the $15,001-$50,000 range, alongside the Emergent BioSolutions sale.

In the broader congressional population, 276 sitting members had zero disclosed trades as of August 22, 2026: 237 in the House and 39 in the Senate, against 537 sitting members total. Cohen is not among them. No Quantellect Score is published for Cohen as of the latest score date, August 21, 2026, because no score row exists for him on that date. Across Congress, 76 members have a published score, including 73 of the 537 sitting members.

Disclosure and Attribution Notes

This profile is built from Cohen's Periodic Transaction Reports filed with the Clerk of the House, as required under the Stop Trading on Congressional Knowledge (STOCK) Act of 2012. Reported amounts are disclosed as ranges, not exact figures, per House Committee on Ethics disclosure guidance. Of the 175 transactions on record, 165 are attributed to Cohen personally, 6 to a spouse, and 4 to a joint account; the aggregate figures supplied for this profile do not identify which individual securities carried the spouse or joint attribution. This profile is limited to the transaction events, classifications, and disclosed amount ranges contained in the source records; it is not a complete accounting of every financial asset associated with the filer. Nothing here should be read as investment advice or as a characterization of intent behind any trade.