GOP lawmakers’ portfolios are migrating to Trump favorites like Intel and bitcoin
Republican lawmakers’ brokerage accounts have undergone a significant shift as GOP members of Congress load up on investments into areas touted by President Trump — in particular Intel (INTC) and bitcoin (BTC-USD).
Lawmaker trading on both sides of the aisle remains controversial, but a longstanding portfolio divide along party lines is clearly evolving.
Democrats’ investments have traditionally been tech-heavy in recent years, while GOP holdings often focused on more traditional sectors. But an exchange-traded fund that allows investors to mirror the aggregate portfolio of Republican lawmakers is perhaps the starkest example of a change on the GOP side.
It was long dominated by blue-chip companies like Shell (SHEL), Philip Morris (PM), and ConocoPhillips (COP). The makeup is dramatically different today, with the fund now reporting top five holdings that include Intel, Nvidia (NVDA), and the iShares Bitcoin Trust ETF (IBIT).
The increased GOP focus on tech and tech-aligned stocks mirrors Trump’s own high volume of recent trades in the sector in the first quarter of 2026 after the US government took a 10% stake in Intel last year.
The president’s account traded over $50 million in “Magnificent 7” stocks last quarter and also traded Intel, recent disclosures show, alongside his regular praising of the companies’ CEOs.
Meanwhile, Democratic lawmakers’ strategies in recent years don’t appear to have changed as dramatically. Nvidia makes up nearly 10% of Democratic lawmakers’ holdings, according to a parallel Democratic ETF that trades under the ticker NANC.
The change among GOP holdings does appear to have improved their returns — at least so far in 2026.
Both party ETFs have yielded positive returns this year, but Republicans have so far outperformed the market and are up over 20%. (Intel being up more than 220% in that span is clearly helping.) The Democratic ETF is up about 9%.
Quiver Quantitative, another prominent tracker of lawmaker trading, estimates that 24 individual lawmakers have enjoyed returns so far in 2026 greater than 20%.
The list includes 11 Democrats and 13 Republicans.
Lawmaker trading in Intel
The government’s 10% Intel stake — which Trump regularly touts, doing so again this week — has fueled the most notable shift in GOP portfolios.
Lawmakers have been trading the chipmaker at a lower level for years, but Intel now makes up 7.72% of total GOP portfolios, according to the ETF’s latest holdings breakdown.
That’s a massive jump from about 3% just a few months prior. The chipmaker was not even in the top 10 in years past.
