US earnings season is in full swing, and the portfolio changes of major funds and politicians are also attracting attention. Cathie Wood of Ark Capital bought $21.5 million worth of cryptocurrency stocks on dips: Coinbase ($COIN), Circle ($CRCL), and Bullish ($BLSH). Meanwhile, Congresswoman Nancy Pelosi reduced her exposure to tech stocks like Apple and NVIDIA, instead using call options to lock in medium- to long-term upside potential in tech stocks.
While US stock market settlement has shifted from T+2 to T+1, Robinhood CEO Vlad Tenev argues that this is far from sufficient. To handle community-driven market activities like GameStop, a completely new settlement method is needed: tokenized US stocks. The New York Stock Exchange has also announced it is developing a tokenized US stock market, demonstrating this growing trend. Bitget, a comprehensive exchange, provides users with a perfect one-stop platform for trading cryptocurrencies, US spot stocks, contracts, forex, and precious metals.
Cathie Wood's Ark Invest has bought three more crypto on Cathie Wood .
CoinDesk revealed that Ark Invest, led by Cathie Wood, purchased $21.5 million worth of shares in Coinbase ($COIN), Circle Internet ($CRCL), and Bullish ($BLSH) last Friday, marking the company's first purchase of these shares since mid-December.
Ark Invest acquired 129,446 shares of Circle stock, worth $9.2 million at the closing price of $71.33. It also spent $9.15 million to purchase 42,179 shares of cryptocurrency exchange Coinbase and 88,533 shares of Bullish, the parent company of CoinDesk.
Stock market guru Pelosi's holdings revealed! He's heavily invested in this high-yield stock.
Another former U.S. House Speaker, Nancy Pelosi, who is also known as a stock market guru, recently filed her latest Periodic Transaction Report ( PTR), revealing that her family engaged in numerous stock and options transactions between December 2025 and January 2026, covering major technology and entertainment stocks such as Apple, Nvidia, Alphabet, Amazon, and Disney.
From the perspective of the filing structure, the overall strategy shows a clear direction: sell or transfer out some of the existing stock positions, while maintaining long exposure to technology stocks through long-term call options (LEAPS).
Significant selling of Apple shares led to a simultaneous reduction in exposure for tech heavyweight stocks.
According to the filing, the Pelosi family sold approximately $50 million worth of Apple (AAPL) stock in batches in late December 2025, the largest single transaction in the filing. During the same period, they also reduced their holdings in other large-cap stocks, including:
- Nvidia (NVDA) approximately $5 million
- Walt Disney (DIS) approximately $5 million
Most of the related transactions are marked as partial sales (S, partial), indicating that they are not a complete sell-off, but rather an adjustment and profit-taking of existing high-value positions.
After selling the existing shares, switch to long-term call options expiring in 2027.
It's worth noting that while selling its existing shares, the Pelosi family did not completely withdraw from its long positions in technology stocks. Instead, they shifted to a long-term call option (LEAPS) strategy. The filing shows that between December 2025 and January 2026, they successively purchased multiple call options expiring in 2027, including:
- Approximately $500,000 Alphabet (GOOGL) buyout rights
- Amazon (AMZN) buyout rights worth approximately $500,000
- Apple (AAPL) buyout rights worth approximately $500,000
- Nvidia (NVDA) buyout rights worth approximately $250,000
The aforementioned call options are mostly long-term contracts with strike prices close to or lower than the market price at the time, indicating that their focus is not on short-term speculation, but rather on locking in the upside potential of technology stocks in the medium to long term.
Pelosi's large position in Bernstein generates cash flow with an 8% yield.
Nancy Pelosi also sold 5,000 shares of PayPal common stock on December 30, 2025, and made a rare purchase of a multi-million dollar investment in AllianceBernstein (AB). AB is an asset management company with a high-dividend partnership structure, where most of its profits are distributed to shareholders rather than retained for expansion, naturally resulting in a high dividend yield. Statistics show that AB's cash yield has consistently remained in the range of approximately 7-9%. Pelosi also exercised call options on Tempus AI (TEM) and Vistra Corp. (VST) that she purchased about a year prior.
Pelosi's perfect strategy for Vistra allowed her to capitalize on the Meta heavyweight nuclear protocol.
According to the filing , on January 14, 2025, she purchased 50 call options on Vistra Corp. (VST) with an exercise price of $50 and an expiry date of January 16, 2026. She then exercised 5,000 shares of VST on January 16, 2026, at a strike price of $50. The closing price that day was $166.60, and Vistra's stock had increased more than sevenfold over the past three years.
Vistra, one of the largest competitive bidding power producers in the United States, has just won a nuclear power generation agreement with Meta with a total expected capacity of over 6 gigawatts (GW). Under the agreement, Meta will purchase electricity from Vistra’s existing nuclear power plants in Ohio and Pennsylvania and assist in upgrading the capacity of existing facilities.
Pelosi exercised Tempus AI call options, betting on the research-oriented AI trend.
On January 14, 2025, she simultaneously purchased 50 call options on Tempus AI, with an exercise price of $20 and an expiration date of January 16, 2026. Tempus AI is an AI-driven healthcare company, and its stock price surged by as much as 30% on the day news of her purchase of the call options broke. On January 16, 2026, she also exercised 5,000 shares of Tempus AI, with a strike price of $20, and the closing price that day was $70.33.
Market Analysis of Pelosi's Trades: Call Options Combined with High Cash Flow to Achieve Barbell Positioning
From an overall structural perspective, this move is not simply a short-selling of tech stocks, but rather a rebalancing of risk and strategy. By selling high-market-cap stocks, the book value of holdings has significantly decreased; at the same time, by replacing some of the stock exposure with LEAPS, the Pelosi family can still maintain a long-term bullish presence in tech giants with limited capital investment. In addition, by heavily investing in the high-yield asset management firm AB, Pelosi has also created an antifragile barbell asset allocation that pursues high growth in AI while also ensuring high cash flow.
Pelosi's keen eye led her to successfully bet on energy stocks and research-based AI.
Pelosi's purchase of call options on Vistra Corp. (VST) a year ago demonstrated remarkable foresight. The 2026 annual trends also reflect that energy may be a scarce resource in the competition among AI giants: Meta recently signed a 6.6 GW nuclear energy agreement, and NVIDIA invested $2 billion in CoreWeave to build a 5 GW-scale AI factory. Musk's xAI Memphis Gigafactory also has a 2 GW demand. On the other hand, Tempus AI's business also aligns with the research-driven AI rise highlighted by a16z.
What is Pelosi trading? Can its operation be replicated in US stock perpetual contracts?
In its numerous past filings, the Pelosi family has frequently used options as its primary investment tool, making "Pelosi Trade" a long-term focus of market attention. This latest move further demonstrates that its core investment strategy is not short-term directional betting, but rather the flexible adjustment of risk and leverage allocation in large-cap tech stocks through structured tools. For most retail investors, derivatives trading is too complex. However, the native crypto"perpetual contracts" can achieve a similar effect. The Bitget exchange offers US stock contract trading, using a more intuitive approach of long and short for asset allocation.
NYSE also embraces tokenization of US stocks: Bitget exchange flexibly deploys global assets.
Robinhood CEO Vlad Tenev recently tweeted a reflection on the fifth anniversary of the GameStop incident, stating, "When you combine old, slow financial infrastructure with instantaneous, community-driven market behavior, disaster is almost inevitable." He believes the US stock market needs a completely new system: tokenized US stocks. Tenev points out that tokenized US stocks can achieve real-time settlement, 24/7 trading, native fractionalization, and lower liquidation and capital costs.
Robinhood has launched tokenized versions of over 2,000 U.S.-listed stocks in Europe, allowing investors to hold and receive economic benefits equivalent to dividends. It also plans to offer 24/7 trading, DeFi integration, self-custody, stock token lending, and staking. Meanwhile, the New York Stock Exchange (NYSE) and its parent company, Intercontinental Exchange Group (ICE), have issued press releases stating they are building a tokenized U.S. stock platform to respond to global investors' demand for cross-timezone, instant trading and settlement, particularly for weekend and off-peak trading hours.
Bitget Stock Futures are USDT-margined perpetual contracts based on tokenized US stocks, allowing users to long or short on popular US stocks like AAPL, TSLA, and NVDA using cryptocurrency without opening a traditional securities account, enjoying leverage of up to 10x. This product combines the high flexibility of cryptocurrency with the convenience of USDT trading. Supported by the compliant issuer Ondo Finance, the tokenized asset technology ensures security.
Whether it's Cathie Wood's increased Cathie Wood in Circle ($CRCL), Coinbase ($COIN), and Bullish ($BLSH), or the frequently traded Disney ($DIS), NVIDIA ($NVDA), Alphabet ($GOOGL), Amazon ($AMZN), and Apple ($AAPL) by stock market guru Nancy Pelosi, all can be found on Bitget for spot and contract trading of tokenized US stocks. You can also trade energy concept stocks like Vistra Corp. ($VST) and OKLO, positioning yourself early for the major trends of 2026.
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This article, "US Stock Earnings Week: What Stocks Are Cathie Wood and Nancy Pelosi Investing In?", first appeared on ABMedia .
