Donald Trump announced J.D. Vance as his running mate for the 2024 presidential election, who recently updated his finance portfolio. Vance is a Republican Senator and one of the richest members of the United States Congress, with an estimated net worth between $3.75 million and $10.495 million, as monitored by Finbold.
Notably, Quiver Quantitative reported a new JD Vance’s portfolio update on August 14 in a post on X. According to the platform, the Vice-President candidate invested $100,000 in the S&P 500 (NYSE: SPY) in October 2023.
Before that, in February 2023, Vance sold approximately $100,000 of his position in OILK, a crude oil ETF.
J.D. Vance’s portfolio update: SPY vs. OILK
These recently disclosed trades demonstrated optimism with the stock market outperforming leading commodities like crude oil. Interestingly, this decision paid off amid an aggressive rally from the leading stocks in a favorable political scenario.
A comparative analysis of the two ETFs shows OILK mostly traded in a 10% price range between $42 and $47. Except for a few deviations, crude oil presented itself as a solid but underperforming investment from February 2023 to today.
Conversely, the SPDR S&P 500ETF Trust saw nearly 30% gains since October 2023, with SPY massively overperforming OILK. In particular, SPY moved from $421 to $542, with an all-time high of $565 in July this year.
As the presidential election approaches, the market closely watches and investigates the candidates and their running mates’ financial history. Usually, high-level politicians can exert a strong influence in the markets, often under insider trading suspicion.
Besides Donald Trump’s and J.D. Vance’s investment portfolios, Finbold readers can also check Kamala Harris‘s and her running mate, Tim Walz, net worth and enable U.S. Senator trading signals.