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Just saw something interesting about Representative Mike Kelly's portfolio from last year—the guy lost around $134K in the stock market over a month period. His Mike Kelly net worth sits around $12.7M according to the tracking data, which puts him at 72nd richest in Congress. Not bad, but also shows even politicians with serious money can take hits.
What caught my eye was looking at some of his actual trades. He dropped $100K into CLF back in March 2024, but that position got absolutely wrecked—down 67.72% since then. Also sold off $50K of UNP in November 2024, and that's fallen another 9.48% after he exited. The timing on some of these moves is pretty rough honestly.
He's got about $2.9M in publicly tracked holdings, so there's definitely money being moved around. The interesting part for Mike Kelly net worth watchers is that he's been proposing various tax and healthcare bills while managing this portfolio. Recent filings show he raised $9.8K in Q4 fundraising and had about $1M cash on hand. Whether his trading luck improves or his net worth takes another dip, it's the kind of thing that makes you wonder how much insider knowledge actually helps in the market.