Dan Crenshaw Investment Returns: Every Trade, Portfolio Performance, and Controversy (2020-2025)

Lambda Finance compiled Dan Crenshaw investment returns data from congressional financial disclosures filed with the Clerk of the U.S. House of Representatives, Capitol Trades transaction records, Quiver Quantitative portfolio tracking, and Unusual Whales congressional trading reports. This dataset covers all 33 disclosed stock transactions from Crenshaw’s entry into Congress in January 2019 through his most recent filing in 2023. Dan Crenshaw’s investment returns have been exceptional on a percentage basis: his October 2022 batch of purchases generated returns ranging from +26.8% to +384.7% as of March 2026. The tables below document every disclosed trade, compare his returns against the S&P 500, and examine the timing of his trades relative to legislation and committee assignments.

1. Dan Crenshaw Investment Returns: Complete Trade History

The table below lists every disclosed stock transaction filed by Rep. Dan Crenshaw during his time in Congress, sorted chronologically. All trade amounts are reported in ranges as required by the STOCK Act.

Date	Ticker	Company	Type	Amount	Return to Date
March 2020 — COVID-19 / CARES Act Period
Mar 12, 2020	AMZN	Amazon	BUY	$1K–$15K	+119%
Mar 25, 2020	LUV	Southwest Airlines	BUY	$1K–$15K	-7%
Mar 25, 2020	BA	Boeing	BUY	$1K–$15K	+25%
Mar 27, 2020	SPXC	SPX Technologies	BUY	$1K–$15K	+195%
Mar 27, 2020	KMI	Kinder Morgan	BUY	$1K–$15K	+55%
Mar 27, 2020	SPY	S&P 500 ETF	BUY	$1K–$15K	+126%
2021 — Post-Pandemic Recovery
Jun 2021	TSLA	Tesla	BUY	$1K–$15K	Sold Dec 2021
Dec 29, 2021	TSLA	Tesla	SELL	$1K–$15K	Closed
October 2022 — Market Bottom Batch Purchase
Oct 25, 2022	META	Meta Platforms	BUY	$1K–$15K	+384.7%
Oct 25, 2022	GOOG	Alphabet	BUY	$1K–$15K	+189.1%
Oct 25, 2022	FAS	Direxion Financial Bull 3X	BUY	$1K–$15K	+98.1%
Oct 25, 2022	AMZN	Amazon	BUY	$1K–$15K	+77.7%
Oct 25, 2022	WYNN	Wynn Resorts	BUY	$1K–$15K	+77.4%
Oct 25, 2022	AAPL	Apple	BUY	$1K–$15K	+73.8%
Oct 25, 2022	USO	United States Oil Fund	BUY	$1K–$15K	+26.8%
2023 — Final Known Trade
Mar 20, 2023	SPY	S&P 500 ETF	BUY	$1K–$15K	+74.1%

Dan Crenshaw filed 33 total transactions across 12 different tickers since entering Congress in January 2019. He made no stock trades during his first 13 months in office. His trading concentrated in two distinct bursts: March 2020 (6 purchases during the COVID-19 crash and CARES Act vote) and October 2022 (7 purchases near the bear market bottom). His most recent trade was a SPY purchase in March 2023. Every position from the October 2022 batch remains in profit, with Meta Platforms delivering the highest return at +384.7%.

2. Dan Crenshaw Investment Returns vs S&P 500

To contextualize Dan Crenshaw’s investment returns, the table below compares his batch purchase performance against the S&P 500 return over the same holding period.

Trade Batch	Avg Return (Crenshaw)	S&P 500 Same Period	Crenshaw vs S&P Gap
March 2020 (COVID batch)	+85.5%	+126%	-40.5 pp
October 2022 (bottom batch)	+132.5%	+74.1%	+58.4 pp
March 2023 (SPY only)	+74.1%	+74.1%	0 pp
Estimated Portfolio (all trades)	~+61.3% (2024)	+25.0% (2024)	+36.3 pp

The October 2022 batch produced the strongest Dan Crenshaw investment returns, averaging +132.5% across 7 positions—outperforming the S&P 500’s +74.1% by 58.4 percentage points over the same period. The outperformance was driven by heavy concentration in Magnificent Seven stocks (META, GOOG, AMZN, AAPL) and a leveraged financial ETF (FAS). The March 2020 batch underperformed the S&P 500 due to Southwest Airlines and Boeing, which are economically sensitive names that recovered more slowly than the tech-heavy index.

3. Portfolio Size in Context

While Dan Crenshaw’s investment returns are impressive on a percentage basis, his total portfolio size is small relative to other frequently-traded members of Congress.

Metric	Dan Crenshaw	Nancy Pelosi	Avg Congress Member
Total disclosed trades	33	700+	~45
Estimated stock portfolio	$88,540	$20M+	$500K–$2M
Estimated net worth	$1.4–$2.1M	$240M+	$1–$5M
Largest single trade	$15K–$50K	$1M–$5M	$50K–$250K
2024 estimated return	+61.3%	+54.6%	+28.5%
Unusual Whales 2021 ranking	5th	6th	—

Crenshaw’s estimated stock portfolio totals approximately $88,540—far smaller than Pelosi’s $20M+ portfolio or the average Congress member’s holdings. His total gains since entering Congress are estimated at approximately $74,000, or less than $11,000 per year. The high percentage returns are partly a function of small position sizes and concentration in high-beta tech stocks. With only one trade exceeding $15,000 in value, the dollar impact of Dan Crenshaw’s investment returns is modest relative to his congressional salary of $174,000.

4. STOCK Act Violations and Disclosure Timeline

Dan Crenshaw’s investment returns attracted scrutiny in part because of delayed disclosure of his March 2020 trades, which violated the STOCK Act’s 45-day reporting requirement.

Event	Date	Context
COVID-19 market crash	Mar 12, 2020	S&P 500 down 9.5% in one day; Crenshaw buys AMZN
Senate passes CARES Act	Mar 25, 2020	Crenshaw buys LUV, BA same day
House passes CARES Act; Trump signs	Mar 27, 2020	Crenshaw buys SPXC, KMI, SPY same day
STOCK Act 45-day disclosure deadline	~May 11, 2020	Deadline missed—trades not disclosed
Annual financial disclosure filed	Aug 2020	Trades omitted from initial filing
Amended disclosure filed	Dec 2020	Trades finally disclosed ~9 months late
Daily Beast reports violation	Mar 2021	Public scrutiny of timing and disclosure failure

The STOCK Act requires members of Congress to disclose securities transactions within 45 days. Crenshaw’s March 2020 trades were not disclosed until approximately 9 months after the transactions, and only after he amended his August 2020 annual filing in December. The timing of the purchases—during the week Congress debated and passed the $2.2 trillion CARES Act—drew comparisons to Sen. Richard Burr, who sold stocks after receiving private coronavirus briefings. Crenshaw has stated that his trades “cannot be connected with any legislation” and that he purchased stocks in late 2021 (referring to his Tesla position) and has not actively traded since.

5. Committee Assignments and Trade Overlap

Evaluating whether Dan Crenshaw’s investment returns benefited from committee-related information requires examining what committees he served on when trades were made.

Committee	Tenure	Sector Overlap with Trades	Relevant Tickers
Energy and Commerce	2021–present	Moderate	KMI (pipeline), USO (oil), META, GOOG, AAPL (tech regulation)
Permanent Select Committee on Intelligence	2023–present	Low	No direct matches
Budget Committee	2019–2020	Moderate	SPY (broad market), BA (defense/budget)

The Energy and Commerce Committee has jurisdiction over energy companies (Kinder Morgan, USO), technology platforms (Meta, Google, Apple), and telecommunications—all of which appear in Crenshaw’s portfolio. However, Crenshaw was not assigned to this committee until January 2021, after his March 2020 energy-sector purchases. His October 2022 tech purchases (META, GOOG, AAPL) were made while he sat on Energy and Commerce, which oversees tech regulation. The Intelligence Committee assignment came in 2023, after his last known trade. There is no public evidence that any specific committee information informed his trades, though the sector overlap between Energy and Commerce and his 2022 tech purchases has been noted by watchdog organizations.

6. Dan Crenshaw vs Congressional Trading Benchmarks

The table below places Dan Crenshaw’s investment returns in the context of broader congressional trading performance data from Unusual Whales and Capitol Trades.

Year	Congress Avg Return	S&P 500	Congress vs S&P	Crenshaw’s Rank
2021	~30%	+28.7%	Outperformed	5th
2022	~+17.5% vs S&P	-18.1%	Outperformed by 17.5 pp	Top decile (est.)
2023	~25% (Dem: 33%, Rep: 18%)	+26.3%	Mixed	No active trades
2024	~28.5% (Dem: 31%, Rep: 26%)	+25.0%	Outperformed	+61.3% (top tier)

Members of Congress have outperformed the S&P 500 in 3 of the last 4 years (2021, 2022, 2024), with Democratic members averaging higher returns than Republicans in 2023 and 2024. Crenshaw’s 2024 estimated return of +61.3% placed him in the top tier of congressional traders, roughly 2.5x the S&P 500’s return, despite making no new trades—his performance was driven entirely by unrealized gains on his October 2022 positions, particularly Meta’s +384.7% run.

7. Key Takeaways

• Dan Crenshaw’s investment returns are high on a percentage basis. His October 2022 batch averaged +132.5%, led by Meta (+384.7%) and Alphabet (+189.1%). His 2024 portfolio return was estimated at +61.3%, more than double the S&P 500.
• His portfolio is small in dollar terms. Estimated stock holdings total approximately $88,540, with total gains of ~$74,000 since entering Congress. Nearly all trades were in the $1,000–$15,000 range.
• Trading concentrated in two bursts. Six purchases during the March 2020 COVID crash and seven purchases near the October 2022 bear market bottom. No trades have been disclosed since March 2023.
• STOCK Act violation documented. March 2020 trades were disclosed approximately 9 months late, after the 45-day deadline and after being omitted from his initial annual disclosure.
• Committee overlap exists but is not conclusive. His Energy and Commerce Committee seat overlaps with energy (KMI, USO) and tech (META, GOOG, AAPL) holdings. His 2020 trades preceded the committee assignment.
• Crenshaw lost his 2025 primary and will exit Congress in January 2027, ending future disclosure obligations for congressional trading.

Methodology

This analysis uses financial disclosure data filed with the Clerk of the U.S. House of Representatives under the STOCK Act (P.L. 112-105). Trade dates, tickers, and amount ranges are taken directly from periodic transaction reports and annual financial disclosures. Returns are calculated from the trade date to March 4, 2026 using closing prices from Yahoo Finance, unless the position was closed earlier. Portfolio estimates use the midpoint of disclosed amount ranges, which introduces uncertainty—a trade reported as “$1,001–$15,000” could represent anywhere in that range. Congressional trading benchmarks are from Unusual Whales Congress Trading Report 2024 and Fortune/The Hill analyses of public filings. Committee assignment data from Congress.gov and Ballotpedia. Data compiled March 2026 by Lambda Finance.

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