A small number of legislators have advocated for all US lawmakers to be barred from trading stocks. They claim they have conflicts of interest since they are involved in major decisions affecting publicly traded corporations. Members of Congress sit on critical committees that have a direct impact on their stock market fortunes. At least 47 members of the US Congress and their families own shares in the top 100 military companies, worth between $2 million and $7 million. Northrop Grumman Corporation and L3Harris Technologies are two of the top war stocks in the US Senate.
Insider Monkey highlighted the 10 defense stocks US senators love. Honeywell International Inc. is a multinational business with a significant defense manufacturing presence. The stock is bullishly held by elite hedge funds. Some notable shareholders include Senator John Boozman, Tom Carper, Tommy Tuberville, and Sheldon Whitehouse. The Boeing Company is one of Wall Street’s most popular defense stocks. Senator William Hagerty of the United States of America stated in July 2021 that he had purchased stock in the defense firm worth between $1,000 and $15,000. At the end of the fourth quarter of 2021, 50 hedge funds in Insider Monkey’s database had positions in Raytheon Technologies Corporation totaling $2.3 billion. In recent months, top hedge funds have begun pouring money into the stock. The General Dynamics Corporation is a defense and aerospace company. Senator John Boozman of the United States of America announced trading in the stock on June 11, 2021. Shelley Moore and Tommy Tuberville are two other Senate senators that own stock in the corporation as of August 2021. Lockheed Martin Corporation is one of the world’s most prestigious defense stocks. With 399,809 shares worth more than $142 million, Millennium Management is the largest shareholder. Roy Blunt, Shelley Moore, and Tom Carper are three prominent members of the US Senate who own shares in Lockheed Martin Corporation. For more details, click 10 Defense Stocks US Senators Love.
