Who owns Moderna stock?
Rep. Josh Gottheimer, a Democrat of New Jersey, was the only other lawmaker who held Moderna stock. In May 2020, he sold up to $15,000 worth of his shares.
How many Moderna shares does Langer own?
Robert S. Langer owns a total of 11.5 million Moderna shares, representing 2.9% of the company's total shares outstanding. 4 Langer serves on the board of directors. He is the David H. Koch Institute Professor at the Massachusetts Institute of Technology (MIT) and has about 800 issued and pending patents.
How much do members of Congress own stocks?
More than 40% of members in Congress, or more than 220 representatives and senators, own individual stocks, collectively holding at least $225 million in stock assets, Insider has found.
Why did Warren sloofman buy Moderna stock?
Sloofman purchased the stock on Jan. 28, one week after Moderna, Inc. announced it was collaborating with the federal government to develop the vaccine. The company’s stock rose in the days since, at some points more than 20 percent.
What percentage of Moderna shares are held by institutional investors?
Institutional investors hold between 43-51% of Moderna's total shares outstanding. 9 10 Institutional investors -- institutional investment managers with at least $100 million in assets under management ( AUM) -- must file an SEC Form 13F every quarter to disclose their equity holdings. Individual investors may be considered institutional investors if they acquire 5% or more of a company's shares, thus requiring them to file either a Schedule 13D or Schedule 13G form.
How many Moderna shares does OCHA own?
OCHA directly owns 7.6 million Moderna shares while Boston Biotech owns about 9.1 million shares. Additionally, Bancel's institutional holdings include 5.2 million shares issuable upon exercise of share options and approximately 0.2 million shares held by a trust for the benefit of his family.
How many shares does Baillie Gifford own?
Baillie Gifford owns 44.7 million shares of Moderna, representing 11.2% of total shares outstanding, according to the company's 13G filing for the period ending Feb. 1, 2021. 11 The U.K.-based company is a global investment management firm that provides portfolio management, consulting, financial planning, and investment supervisory services. Baillie Gifford has $445.3 billion in AUM and manages a range of mutual funds. 12 13 Moderna is among the top ten holdings of the firm's Baillie Gifford Positive Change Equities Fund, comprising about 5.5% of the portfolio. 14
How many Moderna shares does Stéphane Bancel own?
Stéphane Bancel owns a total of 6.4 million Moderna shares, representing 1.6% of the company's total shares outstanding. 4 Bancel currently serves as chief executive officer ( CEO) and as a member of the board of directors.
How much did Bancel raise before Moderna?
Since joining Moderna in 2011, he has led the company's expansion, partly by raising close to $2 billion through equity financing and licensing collaborations. Before Moderna, Bancel was CEO of bioMérieux SA, a French-based biotechnology company.
How many shares does Flagship Pioneering own?
Flagship Pioneering owns 30.9 million shares of Moderna, representing 7.7% of total shares outstanding, according to the company's 13F filing for the period ending Dec. 31, 2020. 11 As mentioned above, Flagship is a venture capital firm. Its team of experienced scientists, entrepreneurs, and operational executives seeks to identify and invest in early-stage and growth-stage companies that could benefit from economies of scale. 15 In the company's last reported 13F filling, it held $5.5 billion in managed 13F securities. Moderna was its largest holding, comprising 58.7% of its portfolio. 16
What is insider ownership?
The shares owned by individual insider shareholders are those that are held through direct ownership . Shares mentioned in this section do not include shares held indirectly nor shares accessible through stock options. Company insiders must file an SEC Form 4 every time they buy or sell an amount of the company's stock that is deemed to be material.
How much Apple stock does Nancy Pelosi own?
House Speaker Nancy Pelosi (D-Calif.), who represents a San Francisco district that neighbors tech giants, reported owning up to $25.5 million in Apple stocks. Pelosi’s husband, Paul Pelosi, runs a venture capital firm that has helped make the Democratic leader one of the wealthiest members of Congress.
How much stock does Joe Kennedy own?
His disclosure shows he’s profited from rising drug prices. Last year, he reported owning up to $2.1 million in stock in pharmaceutical and health products companies in a family trust.
What is the role of Congress in the private sector?
Congress is tasked with regulating the most powerful and influential industries in the private sector. But lawmakers could lose massive chunks of their personal wealth if their legislation hurts those companies’ bottom lines.
How much did Elaine Luria own in Facebook?
Other Democrats reported seven-figure investments in big tech last year. Freshman Rep. Elaine Luria (D-Va.) reported holding up to $5 million in Facebook stock. Rep. Kim Schrier (D-Wash.) reported owning up to $6.3 million in Apple stock, far more than any other investment.
Do lawmakers trade stocks?
Some lawmakers like to trade stocks. That fact became evident when Sens. Richard Burr (R-N.C.) and Kelly Loeffler (R-Ga.) unloaded stocks after attending a private briefing that underscored the looming danger of COVID-19. Pharmaceutical companies are among lawmakers’ favorite stocks. As of the most recent financial disclosures, over 50 lawmakers reported investing upwards of six figures in the pharmaceutical and health products industry.
Who owns Apple shares?
Seventy-nine lawmakers reported holding shares of Apple, the world’s first trillion-dollar company. Apple enjoys investments from members of both parties, but Democrats are the biggest investors in the deep-pocketed iPhone maker.
Who is the former Microsoft employee?
Another former Microsoft employee, Rep. Josh Gottheimer (D-N.J.), held up to $5.2 million in Microsoft stock. Tech companies are among the most popular assets for lawmakers, with 42 members invested in Google, 37 in Amazon and 34 in Facebook as of the most recent filings.
How much did Sloofman buy Moderna?
The purchase was listed as between $1,001 and $15,000 in value. A Senate aide familiar with the trade said Sloofman purchased just under $1,400 in stock. He bought the stock two weeks after seeing a CNBC segment featuring Moderna’s CEO discussing plans to develop new medications on Jan. 15, the aide said, and Sloofman does not focus on health care or national security policymaking for his job.
Who are the two senators who are selling stock?
While Sens. Richard Burr (R-N.C.) and Kelly Loeffler (R-Ga.) sought on Friday to explain sales of stock made at a time when they were reassuring the public about the coronavirus threat, they weren’t the only elected officials to buy and sell stocks at key moments in the unfolding crisis.
How much stock did Rob Wittman buy?
Other members stand to make money off companies working to combat the disease. Rep. Rob Wittman (R-Va.) purchased between $1,001 and $15,000 of stock in the pharmaceutical company AbbVie Inc., on Feb. 27, the day the company released a statement saying it had donated one of its antiviral drugs to China as an experimental option for treating the coronavirus and that it was exploring a research collaboration on potential treatment options.
How much did Wittman buy Abbvie?
The office later added that Wittman's initial AbbVie purchase was for $1,218.
What company did Holmes buy?
27 made two purchases that could prove advantageous in the weeks ahead: Holmes purchased between $15,001 and $50,000 of stock in each of two more companies, the pharmaceutical company Gilead, Inc. -- which makes remdesivir, a drug that is currently being tested to treat coronavirus -- and wipe manufacturer Clorox.
How much did Scott Peters sell in Butte Glenn?
On Jan. 29, the day he and others were briefed on the coronavirus, Rep. Scott Peters (D-Calif.) sold between $500,001 and $1 million in Butte-Glenn municipal bonds.
Who sold Delta Airlines stock?
Sarah Holmes, New Hampshire-based state director to New Hampshire Sen. Jeanne Shaheen and a longtime aide to the senator, sold between $1,001 and $15,000 worth of stock in Delta Airlines on Jan. 24, as lawmakers were beginning to be clued into the forthcoming crisis.
What companies did Senator Frist own?
Senator Frist's blind trust included stock in drug companies Abbott Laboratories and Johnson & Johnson through 2004, each worth $15,000 to $50,000 when the trust was created. Frist also reported holdings in Orthodontic Supply Inc. worth between $1,001 and $15,000.
Who added the provision to the defense conference report?
Senator Bill Frist added the provision to the defense conference report, approved by the House of Representatives on Sunday, after conferees had signed what they were told was the final product. Nine members of the Senate conference committee hold pharmaceutical stock.
Can a senator vote in his own interests?
No Senator should be able to vote in his own financial interests at the expense of the public," said Balber. FTCR released an analysis of Senate personal financial disclosures last week, revealing that 42 senators -- 27 Republicans and 15 Democrats -- held pharmaceutical stock worth between $8.1 and $16 million in 2004.
Did Senators with pharmaceutical holdings vote?
Four Senators with pharmaceutical holdings did not vote. The provision grants immunity to drug companies for any vaccine or product, classified by the Bush Administration as necessary to respond to a public health threat, when patients are harmed by dangerous drugs.
Who funded the NIHCM project?
This project is funded by a grant from the NIHCM Foundation. The foundation played no role in the reporting, editing, or presentation of the project.
Who was the top recipient of drug industry cash?
The top recipient of drug industry cash was Rep. Richard Hudson, a Republican from North Carolina.
How much did Pfizer donate to the Capitol?
Overall, the sector donated $14 million.
Who covers politics of health and life sciences?
Lev Facher covers the politics of health and life sciences.
Can pharmaceutical companies donate to congressional candidates?
State campaign finance laws vary, and in some cases corporations can make direct contributions to lawmakers. In Washington, however, it is illegal for corporations to donate to candidates. As a workaround, companies form political action committees, or PACs. These outside groups are often funded in large part by contributions from executives, and the individuals who decide how to spend the money are often members of corporate leadership.
Who controls the Senate in Georgia?
Drug industry lobbyists viewed Republicans’ control of the Senate as critical to the industry’s interests. But after a pair of January runoff elections in Georgia, Democrats control the chamber: Their 50 seats, plus the tie-breaking vote of Vice President Kamala Harris, give the party a razor-thin majority.
Did the pharmaceutical industry spend money on winning candidates?
As was the case in state legislatures, the pharmaceutical industry was remarkably effective when it came to spending money on winning candidates. Very few candidates who accepted drug industry cash ended up losing reelection. Many donations targeted Republican senators at risk of losing their seats, like Tillis.
Congress Insider Trading Used to Be...Legal?
The Stock Act
- In light of the public outcry on the '60 Minutes' piece, the STOCK Act was passed in 2012. The STOCK Act makes it illegal for members of Congress (and other federal employees, including the President) to trade securities based on material, nonpublic information. This includes the buying or selling of securities of individual companies. The STOCK Act requires detailed financial disclo…
Congress Historical Investment Holdings
- Historically, Congress has been allowed to participate in individual stock investments with no restrictions, and were not required to disclose their holdings. The STOCK Act put an end to this, and information about Congress' investments is publicly available. Unfortunately, due to an amendment to the STOCK Act, the information is not readily available on a government website, …
10 Most Popular Stocks Owned by Congress in 2021
- Here's what Congress is currently invested in: There are a few interesting items of note in this list: 1. Pfizer has climbed back into the top 10, at the #6 spot, with almost 50 Congress members holding the stock 2. General Electric has fallen down the list, despite being the #1 holding for almost a decade 3. Apple is overwhelmingly the favorite st...
Interesting Investment Moves by Congress Since 2008
- While the STOCK Act was designed to put a halt to insider trading, there are still instances of questionable investment moves by members of Congress. Here are a few of the most recent trades by members of Congress that have come under scrutiny: Spencer Bachus (R-AL). Bachus bought put optionsthe day after a private meeting with the Fed chairman, Ben Bernanke, in Septe…
Final Thoughts
- Congress members are free to buy and sell stocks, and as you can see, they have bet heavily in the tech and healthcare sectors. With Apple as the top holding for Congress members in 2018, those bets have paid off handsomely in 2021, with Apple stock almost triple its former valuation. It also may be a bit shocking to the American public how much wealth is held by members of Co…