Nancy Pelosi 'Outperformed Every Single Large Hedge Fund' in 2024: White House

The Trump administration made the claims during a Thursday afternoon briefing hosted by White House Press Secretary Karoline Leavitt.

Did Pelosi’s 2024 Stock Returns Beat Every Major Hedge Fund?

Former House Speaker and current California Congresswoman Nancy Pelosi’s stock portfolio allegedly outperformed every large hedge fund in 2024 and more than doubled the annual return of legendary billionaire investor Warren Buffet’s Berkshire Hathaway stock (NYSE: BRK.B) that same year. At least that’s what White House Press Secretary Karoline Leavitt told reporters Thursday afternoon.

The bombshell revelation comes just a day after the Senate approved a bill that would prohibit lawmakers from trading stocks, humorously titled the PELOSI Act, an acronym for “Preventing Elected Leaders from Owning Securities and Investments.” Interestingly, Pelosi herself voted for the bill, which was heavily supported by Democrats. Senator Josh Hawley (R-Mo.) who introduced the PELOSI Act, was the lone Republican in favor of the legislation, which advanced after an 8-7 vote.

(Senator Josh Howley of Missouri introduced the PELOSI Act and was the sole Republican voting in favor of the legislation when it advanced in Congress on Wednesday.) But even after including language that would exempt current U.S. President Donald Trump and his Vice President JD Vance, Howley was castigated by Trump for siding with the Democrats. The president called him a “second-tier senator” and demanded a “review” of Pelosi’s investments over the past 25 years.

Leavitt explained that the president agrees “conceptually” with the idea of ensuring members of Congress don’t use their privileged positions to enrich themselves, but he also believes that Pelosi should be the central focus, given the allegations of insider trading leveled against her, which at the time of writing, are yet to be substantiated.

“She makes, I think, $174,000 a year, yet she has a net worth of approximately $413 million,” Leavitt said. “In 2024, Nancy Pelosi’s stock portfolio…grew 70%…and her portfolio outperformed every single large hedge fund in that same year and even more than doubled the returns of Warren Buffett’s Berkshire Hathaway.”