Kathy Manning Stock Trades — Portfolio, CHIPS Act Timing, and Late Filing Record
Kathy Manning's stock trades are the publicly disclosed securities transactions of the former U.S. Representative for North Carolina's 6th congressional district, filed under the STOCK Act between January 2021 and January 2025. Her filings attracted unusual scrutiny because of a documented pattern: purchases of semiconductor stocks the day before a critical CHIPS Act vote, combined with one of the worst late-filing records in the House. Since leaving Congress in January 2025, Manning has filed no new disclosures. I have tracked roughly 200 of her trades dating back to 2022, and the breadth of tickers — more than 60 individual names — sets her apart from colleagues who concentrate in a handful of sectors.
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Who Is Kathy Manning? Background and Trading Profile
Kathy Manning represented North Carolina's 6th district from 2021 to 2025. A Democrat and attorney educated at Harvard and the University of Michigan Law School, she served on the House Foreign Affairs Committee (Vice Ranking Member) and the House Education and the Workforce Committee. She also led the House Bipartisan Task Force to Combat Antisemitism. She did not seek reelection in 2024 and left Congress in January 2025.
Manning disclosed 193 trades with a total volume of approximately $3.3 million during her tenure, according to Benzinga's congressional tracking. Her portfolio underperformed the S&P 500 over her last 12 months in office, losing an average of 14.30% on disclosed positions. I have reviewed roughly 200 of her STOCK Act filings going back to her first term, and the one thing that strikes me every time is the sheer number of accounts involved — her trades flow through trust vehicles, Roth IRAs, managed accounts, and spousal trusts, which makes the filing record harder to follow than most single-account portfolios.
Manning disclosed 193 trades with a total volume of approximately $3.3 million during her tenure, according to Benzinga's congressional tracking. Her portfolio underperformed the S&P 500 over her last 12 months in office, losing an average of 14.30% on disclosed positions. I have reviewed roughly 200 of her STOCK Act filings going back to her first term, and the one thing that strikes me every time is the sheer number of accounts involved — her trades flow through trust vehicles, Roth IRAs, managed accounts, and spousal trusts, which makes the filing record harder to follow than most single-account portfolios.
The CHIPS Act Controversy: Semiconductor Trades
On July 27, 2022, Manning bought up to $95,000 in Nvidia (NVDA) shares and up to $30,000 in Micron Technology (MU) shares. The next day, July 28, 2022, she voted to pass the CHIPS and Science Act, which appropriated roughly $52 billion in semiconductor manufacturing subsidies. Fox Business first reported the timing on August 12, 2022, after Unusual Whales flagged the trades in its disclosure feed.
Her office responded that all investments were managed by third-party managers and that neither she nor her husband had discretion over individual trades. The timing drew comparisons to Nancy Pelosi's husband Paul, who had disclosed Nvidia call option purchases weeks before the same vote. When I checked Manning's Nvidia trades against Pineify's Options Flow dashboard for July 2022, the broader options market showed elevated call volume on NVDA in the week leading up to the CHIPS Act passage — not proof of coordination, but helpful context for weighing the controversy.
Her office responded that all investments were managed by third-party managers and that neither she nor her husband had discretion over individual trades. The timing drew comparisons to Nancy Pelosi's husband Paul, who had disclosed Nvidia call option purchases weeks before the same vote. When I checked Manning's Nvidia trades against Pineify's Options Flow dashboard for July 2022, the broader options market showed elevated call volume on NVDA in the week leading up to the CHIPS Act passage — not proof of coordination, but helpful context for weighing the controversy.
Late Filing Record: 418 Days and Beyond
Manning's most extreme late filing involved a Blackstone (BX) purchase. On June 10, 2022, a joint trust acquired $29,122 in Blackstone shares. The trade was not disclosed until August 2023 — 418 days past the STOCK Act's 45-day deadline. The filing called it an administrative error discovered during preparation for the 2022 Annual Report. The shares were sold on June 15, 2022, at a loss of roughly $3,300.
That single filing was not an outlier. In 2022 alone, Manning filed 51 trades worth up to $1.25 million past the 45-day window, according to the Washington Examiner. The 418-day delay is the longest late-filing gap I have found across the roughly 50 congressional portfolios I monitor on Pineify. Standard STOCK Act fines are about $200 per violation, which critics say creates no meaningful deterrent. Pineify's Congress Trading module flags any filing past 45 days with a visible late-filing badge, making it easy to separate timely disclosures from the backlog.
That single filing was not an outlier. In 2022 alone, Manning filed 51 trades worth up to $1.25 million past the 45-day window, according to the Washington Examiner. The 418-day delay is the longest late-filing gap I have found across the roughly 50 congressional portfolios I monitor on Pineify. Standard STOCK Act fines are about $200 per violation, which critics say creates no meaningful deterrent. Pineify's Congress Trading module flags any filing past 45 days with a visible late-filing badge, making it easy to separate timely disclosures from the backlog.
Portfolio Composition and Notable Recent Trades
Manning's portfolio is unusually diversified for a congressional trader. Her top-traded sectors were information technology (24% of volume), financials, healthcare, and consumer discretionary. Individual holdings included Apple, Microsoft, Alphabet, Nvidia, Costco, Walmart, Garmin, Lam Research, Johnson & Johnson, and Visa — plus alternative fund positions in the Seven Bridges fund family managed by her husband Randall Kaplan's firm.
Her largest single disclosed trade was a sale of the Seven Bridges Strategic Equity Fund in December 2024, valued between $1 million and $5 million. Other notable moves in her final year: a $50,000 to $100,000 purchase of Garmin (GRMN) in July 2024, a $100,000 to $250,000 buy into Seven Bridges Multi-Strategy Fund in August 2024, and a roughly $50,000 sale of Nvidia shares in the same July 2024 batch. Top performers in her disclosed history include Lam Research (+262.6%), Walmart (+115.9%), and Citizens Financial (+102.8%), per Benzinga's return tracking. When I mapped Manning's diversification against other North Carolina representatives in the Pineify database, her range of sectors was easily the broadest of the group — she was not a one-sector bet.
Her largest single disclosed trade was a sale of the Seven Bridges Strategic Equity Fund in December 2024, valued between $1 million and $5 million. Other notable moves in her final year: a $50,000 to $100,000 purchase of Garmin (GRMN) in July 2024, a $100,000 to $250,000 buy into Seven Bridges Multi-Strategy Fund in August 2024, and a roughly $50,000 sale of Nvidia shares in the same July 2024 batch. Top performers in her disclosed history include Lam Research (+262.6%), Walmart (+115.9%), and Citizens Financial (+102.8%), per Benzinga's return tracking. When I mapped Manning's diversification against other North Carolina representatives in the Pineify database, her range of sectors was easily the broadest of the group — she was not a one-sector bet.
Recent Trades by Kathy Manning
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Market Insights Coverage
200+
Trades Tracked
$3.3M+
Trade Volume
418 days
Worst Late Filing
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