Keeping track of politicians’ stock investments is a good way of determining which stocks may receive favorable policy treatment from the government down the road. By looking at the committees these politicians sit in, and the policy matters they are dealing with, investors can gain insights into what’s to follow for certain industries.
The STOCK Act requires these politicians to report their trades within 45 days of placing them. These disclosures are then made public, making the process as transparent as possible. While looking at some recent disclosures, we noticed certain politicians who stood out. One such politician was Trump’s fellow Republican Marjorie Taylor Greene, who bought stocks on the 3rd and 4th of April, two days when the S&P lost over 10% of its value!
Some of these stocks have already recovered from their lows hit that day, showing how Ms Greene was able to buy stocks that recovered swiftly despite the broader market continuing to struggle.
To come up with our list of 10 tech stocks that Trump’s fellow Republican bought amid the market rout, we looked at the Republican’s two recent filings on the 7th and 11th of April, where she reported these trades. We then ranked them by the number of hedge funds that hold the company’s stock in their portfolio.
Why are we interested in the stocks that hedge funds pile into? The reason is simple: our research has shown that we can outperform the market by imitating the top stock picks of the best hedge funds. Our quarterly newsletter’s strategy selects 14 small-cap and large-cap stocks every quarter and has returned 373.4% since May 2014, beating its benchmark by 218 percentage points (see more details here).
10. Impinj, Inc. (NASDAQ:PI)
Number of Hedge Fund Holders: 37
Impinj, Inc. is a cloud connectivity platform operator. The company’s platform wirelessly links items and provides data about the linked items to consumer and business applications. It mainly serves supply chain and logistics, aviation, data centers, retail, automotive, healthcare, banking, industrial, and manufacturing, and other markets.
According to the Co-Founder and CEO of Impinj, Chris Diorio, the company has delivered four consecutive years of double-digit revenue growth. This growth was fueled by the strong demand in the general merchandise, supply chain and logistics, and retail apparel. PI reported an impressive 30% YoY revenue growth for the most recent quarter, while for the full-year 2024, the company recorded revenue growth of 19%.
Based on the strong earnings, the firm provided a positive future outlook for the company. As per the guidance, PI management anticipates revenue to be in the range of $70 million and $73 million for Q1 2025. It represents a sequential decline because of the absence of large program ramps and excess endpoint IC inventory. Affected by lower average selling prices and product mix, gross margin will be at its lowest point for the year in Q1. However, with the help of cost efficiencies and new product launches, improvements are expected in the coming quarters.
9. Dell Technologies Inc. (NYSE:DELL)
Number of Hedge Fund Holders: 63
Dell Technologies Inc. is a manufacturer, developer, designer, seller, supporter, and marketer of different integrated and comprehensive solutions, services, and products. It operates through Client Solutions Group (CSG) and Infrastructure Solutions Group (ISG) segments. President Donald Trump’s administration recently announced the exemption of computers, smartphones, and electronics from tariffs.
This move has eased pressure on the company, resulting in a recovery in stock price. Moreover, the stock has already recovered over 15% since Ms. Greene bought the shares on the 4th of April.
Looking at the company’s performance in Q1 2025, Global PC shipments, including notebooks, workstations, and desktops, increased by 9.4%. This growth was driven by Original Equipment Manufacturers (OEMs) speeding up shipments to the United States before tariff changes. The tech firm reported a 3% shipment growth YoY in Q1 by shipping 9.5 million units.
Over the last few years, the company’s AI servers and networking business segment has been the primary catalyst for its growth. With significant investments in the AI-optimized server products, Dell bounced back and achieved revenue growth in FY 2025.
The firm aims for steady long-term growth, with targeted annual revenue growth of 3-4%. Its Infrastructure Solutions Group is anticipated to grow at a faster pace, expanding 6-8% annually.
