THE QUIVER QUANT
EXECUTIVE SUMMARY
Rep. Julia Letlow (R-LA) bought Leonardo DRS stock (DRS) on February 2nd. Weeks later, DRS was selected for two Pentagon contract vehicles: the SHIELD missile defense IDIQ ($151B ceiling) and ATSP5 rapid tech program ($25B ceiling, shared among 13 contractors). She's the only member of Congress who traded it. Her office says the trades were broker-managed by Merrill Lynch. She also has 210+ late STOCK Act disclosures worth up to $3.3M. The House Ethics Committee waived all fines. DRS is up 14% since her purchase.
Insider momentum sales led this week. The Insider Purchases strategy gained +4% over 7 days. Howard Marks stayed strong at +2.49%. $66M in insider cashing out. (IMAX) director Kevin Douglas dumped $21.5M. Warner Bros execs cashed out $18M ahead of the Paramount merger at $31 per share. Full breakdown below.
MIDTERMS
Things are heating up for the midterms. Here are the current probabilities: The House: 84% Dem · Senate: 57% GOP ·
PAC money is flowing, and outside spending is already targeting key races. Wesley Hunt (R-TX) has $11.7M in opposition spending against him, the most of any House member so far.
BUILDING QUIVER FOR YOU
Got 90 seconds? Tell us what features you want, report a bug, or let us know what is working. Every response gets read. Share your feedback here →
STRATEGY PERFORMANCE
Track every trade in real time with Quiver Premium
THE EDITORIAL QUANT
This Week’s Deep Dive
Letlow Bought DRS. Two Pentagon Contracts Followed.
She's the only member of Congress who traded Leonardo DRS. Weeks later, DRS was selected for the SHIELD missile defense IDIQ ($151B ceiling) and the ATSP5 rapid tech program ($25B ceiling, 1 of 13 contractors). Her office says trades were broker-managed. We mapped the timeline, the lobbying data, and 210+ late disclosures.
Letlow sits on the Appropriations Subcommittee on National Security. She votes on the defense budget that funds contracts like these. Her broker bought the stock. Two Pentagon awards followed. This Sunday, we're mapping the full timeline: DRS lobbying spend vs. congressional purchase dates, which other members own defense stocks, and why the Ethics Committee waived every penalty on 210+ late disclosures.
Plus: the SEC's top enforcement chief just quit over pressure to go soft on Musk, and Justin Sun settled $31M in fraud allegations for $10M with zero admission of guilt .
Want more stories like this in your inbox every week?
QUIVER DATA
Biggest Insider Momentum Sales This Week
POLITICS
Top Congress Portfolios This Week
QUIVER DATA
Wall Street Analyst Ratings
SOCIAL MEDIA ROUNDUP
WHAT QUIVER’S POSTING
@quiverquant SOMETHING’S COOKIN… 🧑🍳 #quiverquant #stocks #finance #learnontikok #fyp
