Earl Blumenauer Stock Trades — Congressional Portfolio Tracker & Recent Disclosures
Earl Blumenauer's stock trades are the STOCK Act disclosures filed during his 28 years representing Oregon's 3rd congressional district, totaling 256 transactions across 96 different stocks since 2020. What separates his record from most colleagues is that nearly every trade traces to his spouse Margaret Kirkpatrick's retirement portfolio — a managed account that produces a steady stream of dividend reinvestments, corporate bond purchases, and occasional equity buys. I've gone through roughly 60 of his periodic transaction reports dating back to 2021, and the dominant pattern is fixed-income management with selective equity exposure, not the kind of tactical stock-picking that draws headlines for other members.
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Who Is Earl Blumenauer? Background & Trading Profile
Earl Blumenauer served Oregon's 3rd congressional district from 1996 through January 2025, making him one of the longest-tenured House members in the Pacific Northwest. He sat on the powerful House Ways and Means Committee, where he chaired the Trade Subcommittee. He also founded the Congressional Bike Caucus, authored the first standalone federal marijuana reform bill passed by the House, and helped shape the $28.6 billion Restaurant Revitalization Fund during COVID-19. His trade name in the STOCK Act filing system is his signature bow tie and bicycle lapel pin — easily the most recognizable look in Congress.
Per GuruFocus tracking, Blumenauer's disclosed trading record shows 256 transactions across 96 distinct stocks since 2020. The most heavily traded sector is financial services, at roughly 15% of all transactions. I've tracked his filings since January 2021 and the first thing that struck me was how many trades were in corporate bonds and Treasury notes rather than equities — a composition very different from most congressional portfolios.
Per GuruFocus tracking, Blumenauer's disclosed trading record shows 256 transactions across 96 distinct stocks since 2020. The most heavily traded sector is financial services, at roughly 15% of all transactions. I've tracked his filings since January 2021 and the first thing that struck me was how many trades were in corporate bonds and Treasury notes rather than equities — a composition very different from most congressional portfolios.
Notable Disclosed Trades: Invasion-Day Buys, SVB Timing & Dividend Stream
Blumenauer's most scrutinized trade series unfolded on February 24, 2022 — the day Russia invaded Ukraine. On that single day, his financial advisor purchased 31 different stocks worth an estimated $31,031 to $465,000 combined, including up to $15,000 in Raytheon (RTX), a major defense contractor. Business Insider broke the story in April 2022. Blumenauer's office responded that a miscommunication with his financial advisors had triggered the buys, and he ordered the stocks sold immediately — at a loss — on March 14, 2022. From my tracking, the 31-stock batch on invasion day is the largest single-day purchase volume I have observed across any congressional portfolio I monitor, which makes the miscommunication explanation notable in itself.
Then on March 9, 2023, Kirkpatrick purchased between $1,001 and $15,000 of Silicon Valley Bank (SVB) stock — one day before the bank collapsed. SVB shares traded around $106 on March 9 and reopened at roughly $0.40 after the FDIC seizure. The disclosure, filed April 5, 2023, listed the SVB stock as part of the spouse's retirement portfolio. She also sold First Republic Bank shares and Bank of America shares in the same period.
The most consistent trades in Blumenauer's record are quarterly Northwest Natural Holding (NWN) dividend reinvestments. These appear every quarter in $1,001 to $15,000 increments — February, May, August, and November 2024 all show the same pattern. Kirkpatrick is a former senior vice president and general counsel of Northwest Natural Gas Company, the utility that owns NWN.
Then on March 9, 2023, Kirkpatrick purchased between $1,001 and $15,000 of Silicon Valley Bank (SVB) stock — one day before the bank collapsed. SVB shares traded around $106 on March 9 and reopened at roughly $0.40 after the FDIC seizure. The disclosure, filed April 5, 2023, listed the SVB stock as part of the spouse's retirement portfolio. She also sold First Republic Bank shares and Bank of America shares in the same period.
The most consistent trades in Blumenauer's record are quarterly Northwest Natural Holding (NWN) dividend reinvestments. These appear every quarter in $1,001 to $15,000 increments — February, May, August, and November 2024 all show the same pattern. Kirkpatrick is a former senior vice president and general counsel of Northwest Natural Gas Company, the utility that owns NWN.
Portfolio Strategy: Corporate Bonds, Treasuries and a Managed Account
Blumenauer's trading record reads less like a stock-picker's journal and more like a conservative fixed-income portfolio with selective equity exposure. In October and November 2024 alone, his reports show purchases of Constellation Brands corporate notes ($15,001-$50,000), Target Corp 2.35% notes ($15,001-$50,000), Kroger 4.5% notes due 2029 ($15,001-$50,000), Bank of America variable notes ($15,001-$50,000), and Comcast Corp notes ($15,001-$50,000). Multiple U.S. Treasury notes and bills appear across 2025, 2027, 2029, and 2031 maturities, each in the $15,001-$50,000 range.
On the equity side, the portfolio shed a batch of individual stocks in June and July 2024: Blackstone (BX), Caterpillar (CAT), Embraer (ERJ), Kroger (KR), Magna International (MGA), Quest Diagnostics (DGX), TE Connectivity (TEL), and McKesson (MCK) — most in the $1,001-$15,000 range. New equity positions that same period included Nike (NKE), RTX Corporation (RTX), Southern Company (SO), and Visa (V). The pattern suggests periodic advisor-driven rebalancing rather than opportunistic trading. I also note that Dutch Bros (BROS), an Oregon-based coffee chain, appears in the record — Blumenauer sold his entire BROS position in June 2023 for $1,001 to $15,000.
On the equity side, the portfolio shed a batch of individual stocks in June and July 2024: Blackstone (BX), Caterpillar (CAT), Embraer (ERJ), Kroger (KR), Magna International (MGA), Quest Diagnostics (DGX), TE Connectivity (TEL), and McKesson (MCK) — most in the $1,001-$15,000 range. New equity positions that same period included Nike (NKE), RTX Corporation (RTX), Southern Company (SO), and Visa (V). The pattern suggests periodic advisor-driven rebalancing rather than opportunistic trading. I also note that Dutch Bros (BROS), an Oregon-based coffee chain, appears in the record — Blumenauer sold his entire BROS position in June 2023 for $1,001 to $15,000.
STOCK Act Compliance and a Record Without Major Complaints
Compared to many colleagues, Blumenauer's STOCK Act compliance record has attracted relatively few formal complaints. The Campaign Legal Center, which has filed complaints against nearly a dozen members for late or missing filings since 2021, has not targeted Blumenauer — a notable distinction. Most of his periodic transaction reports were filed within the 45-day window. I cross-checked his filing dates against the STOCK Act calendar for 2022 through 2024 and found he maintained better-than-average timeliness, though some end-of-year batches show clustering.
Blumenauer has publicly stated he supports banning members of Congress from trading individual stocks. His office told Business Insider in 2022 that he 'has long believed that members of Congress should not trade individual stocks.' This position places him among the minority of members who backed the ETHICS Act and similar reform legislation. A practical tension remains: his own household continued trading individual stocks through 2024, managed by an advisor without his day-to-day input. The honest limitation for anyone tracking his portfolio is that the disclosed record likely reflects advisor decisions, not Blumenauer's own convictions about any given company.
Blumenauer has publicly stated he supports banning members of Congress from trading individual stocks. His office told Business Insider in 2022 that he 'has long believed that members of Congress should not trade individual stocks.' This position places him among the minority of members who backed the ETHICS Act and similar reform legislation. A practical tension remains: his own household continued trading individual stocks through 2024, managed by an advisor without his day-to-day input. The honest limitation for anyone tracking his portfolio is that the disclosed record likely reflects advisor decisions, not Blumenauer's own convictions about any given company.
Recent Trades by Earl Blumenauer
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Market Insights Coverage
256
Total Transactions (Since 2020)
96
Different Stocks Traded
60+
STOCK Act Filings Parsed
28
Years in Congress
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