In a recent congressional trade report, it was revealed that Josh Gottheimer, the representative for New Jersey's 5th congressional district, has been actively trading in his Morgan Stanley (NYSE:MS) - Select UMA Account #1. The transactions include a mix of purchases and sales of various stocks, with each transaction ranging from $1,001 to $15,000.
Among the stocks Gottheimer sold were shares of Alamo Group, Inc. (NYSE:NYSE:ALG) and AppFolio, Inc. (NASDAQ:APPF). The sale of AppFolio, Inc. was marked as a partial sale, indicating that Gottheimer still holds some shares in the company.
Gottheimer also made several purchases, including shares of Alibaba (NYSE:BABA) Group Holding Limited (NYSE:BABA), Alphabet (NASDAQ:GOOGL) Inc. (NASDAQ:GOOG), and Apple Inc. (NASDAQ:AAPL). The purchase of Apple Inc. shares was notably larger, with a transaction value between $15,001 and $50,000.
The transactions also included a mix of partial sales and purchases, indicating that Gottheimer is actively adjusting his holdings. Some of the companies involved in these transactions include Microsoft Corporation (NASDAQ:MSFT), Netflix, Inc. (NASDAQ:NFLX), and Taiwan Semiconductor Manufacturing Company Ltd. (NYSE:TSM).
All transactions were made through Gottheimer's Morgan Stanley - Select UMA Account #1. This type of account is typically used for unified managed accounts, which allow investors to hold a range of investment products in a single account.
The trades were all made in October 2024, with notifications sent in November 2024. All of the transactions were new, indicating that they were not part of any ongoing investment strategy.
The report does not indicate any involvement in initial public offerings, and Gottheimer has certified that all transactions were disclosed as required by the STOCK Act. This act, passed in 2012, requires congressional members to disclose their trades to ensure transparency and prevent insider trading.
The congressional trade report provides a glimpse into the trading activity of one of New Jersey's representatives. It shows an active approach to managing investments, with a mix of sales and purchases across a range of companies.
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