A member of Congress who loves shopping for Magnificent Seven shares rebought a number of the similar shares, however this time neglected two frequent purchases.
This is a have a look at the current trades.
Cleo Fields Bets on Magnificent Seven Shares
Congressman Cleo Fields (D-La.) has a historical past of shopping for Magnificent Seven shares with filings exhibiting thousands and thousands of {dollars} in shares purchased in each August and September.
The Benzinga Authorities Trades page for Fields reveals current trades made Oct. 23 via Oct. 31 and so they embrace some acquainted names.
Listed below are the Magnificent Seven shares purchased:
Notably lacking from the most recent submitting have been Amazon.com Inc (NASDAQ:AMZN), Microsoft Company (NASDAQ:MSFT) and Meta Platforms (NASDAQ:META).
Amazon was the sixth-largest buy of the Magnificent Seven shares by Fields in August and the fourth-largest buy in September.
Microsoft was the third-largest buy among the many Magnificent Seven shares by Fields in each August and September. Meta Platforms was the fourth-largest of the Magnificent Seven shares in August and the second-largest in September.
The newest transactions are smaller than current trades, which may counsel add-on buys primarily based on costs, or a shift within the corporations Fields favors for the long term.
Nvidia was the highest buy of the Magnificent Seven shares by Fields in August and September and was as soon as once more the highest choose.
The following submitting from Fields could possibly be intently monitored to see if he’s again to purchasing Microsoft and Meta or if he’s solely specializing in Apple, Alphabet and Nvidia shifting ahead.
Tesla Inc. (NASDAQ:TSLA), the opposite member of the Magnificent Seven, was not bought by Fields in 2025.
Did You Know?
Different Trades
Together with shopping for extra shares of the three Magnificent Seven shares talked about above, Fields made a number of different trades in the course of the Oct. 23 to Oct. 31 timeframe, in response to the brand new submitting.
Fields disclosed promoting $15,000 to $50,000 in shares of Chipotle Mexican Grill (NYSE:CMG). Fields purchased shares within the restaurant inventory again in June.
The Congressman additionally reported shopping for the next shares:
- Celestica Inc (NYSE:CLS): $15,000 to $50,000
- Netflix Inc (NASDAQ:NFLX): $100,000 to $250,000
- Taiwan Semiconductor Manufacturing (NYSE:TSM): $100,000 to $250,000
Fields purchased Taiwan Semiconductor inventory a number of occasions in current months, which may present his conviction within the firm.
Celestica and Netflix are new purchases for Fields in 2025. Celestica could possibly be of explicit observe, given the rare purchases of the inventory made by members of Congress.
Shares of the availability chain options firm are up over 200% 12 months thus far and commerce close to all-time highs. This could possibly be a inventory to observe, as Fields has carried out effectively prior to now, shopping for shares that different members of Congress are ignoring.
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