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Jake Auchincloss

Democrat

House

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vs. S&P 500 (90D)

+1.47%

Trades (90 Days)

Total Trades

Win Rate (90D)

100.0%

Monthly summary

What to know this month

Key takeaways from Jake Auchincloss's recent stock disclosures, written in plain English.

Updated May 27, 2026 · 1 trades in the last 30 days

Auchincloss exits State Street — a 4-day lag sell on a major custodial bank with 1.47% excess return deserves a second look

Rep. Auchincloss filed a sale of STT (State Street Corporation) on 2026-05-22 with a 4-day disclosure lag, covering a trade executed 2026-05-18. The 1.47% excess return vs SPY on the sale side signals the exit was well-timed. State Street sits at the intersection of institutional custody, ETF servicing, and rate-sensitive net interest margin — all areas facing near-term headwinds from Fed policy uncertainty, fee compression, and potential money market reform discussions in Congress. With only one trade in the window, conviction is limited, but the directional signal on a systemically significant custodian bank is worth expressing.

Stocks to watch

STT

Sold

Medium confidence

Auchincloss sold STT on 2026-05-18 in the $15,001–$50,000 range, filed 4 days later on 2026-05-22 — a tight disclosure lag suggesting no procedural delay. The sale generated 1.47% excess return vs SPY, meaning the stock underperformed the market post-exit. This is a single-name signal from a legislator without a disclosed committee assignment, but custodial banks are politically exposed to any regulatory action around money market funds, ETF oversight, or institutional fee disclosure. The exit is the only activity in the 30-day window, making it the primary signal.

Why it matters: Flow-led; secondary watch on Fed rate path impact on custodial NIM, money market reform legislation, and SEC ETF servicing rule changes

How to think about it: Starter short position only — 0.25–0.5% of book. No committee confirmation to support a core thesis weight. Use defined-risk structure (put spread or short via options) given single-trade window. Do not pyramid without corroborating flow from Banking or Financial Services committee members.

STT

Watch

Low confidence

Monitor STT for continuation of insider-proximate selling pressure. The 1.47% excess return on the Auchincloss sale suggests the timing was sound, but a single legislator sale in a $15K–$50K band is insufficient to anchor a conviction short without follow-on flow from other STOCK Act filers. If additional congressional sales in financials or custody banks cluster within the next 10–15 days, upgrade to core short.

Why it matters: Flow clustering from Financial Services or Banking committee members; any Fed or SEC commentary on custodial bank regulation

How to think about it: No new capital deployment at this stage — set a watchlist alert for additional STT STOCK Act disclosures and track weekly options flow for elevated put buying in the $70–$80 strike range.

Sector focus

Financials / Custodial Banking (ST sector code). The sole signal points to selective pressure on large custodian banks — institutions with heavy exposure to rate-sensitive fee income, ETF administration economics, and regulatory oversight risk. Consider sector-level expression via underweight in KBE or KRE if broader congressional selling in financials corroborates, but do not overweight a single-trade signal at the sector ETF level without additional confirmation.

Timing

4-day disclosure lag is tight and operationally clean — this is not a stale or administratively delayed filing. The trade date of 2026-05-18 with a 2026-05-22 filing means the signal is approximately 8–12 days old from the perspective of a reader accessing this brief today. The 1.47% excess return has already been partially realized, meaning the best entry for a short thesis was at the original trade date. Residual signal value comes from the directional thesis, not price momentum — focus on whether STT continues to lag SPY on a 10-day and 30-day basis as confirmation.

Things to watch out for

Key invalidation factors: (1) Single trade, single legislator, no disclosed committee — this is low sample size and should not be sized as a high-conviction position. (2) Auchincloss has no confirmed Financial Services or Banking committee seat provided in the data, which limits the information asymmetry thesis. (3) STT may rally if the Fed signals rate cuts or if ETF flow volumes accelerate, both of which benefit custodian economics. (4) The $15K–$50K trade size is at the lower band of meaningful legislative insider signaling — this may be routine portfolio management, not conviction repositioning. (5) Any filing amendment or correction to the 2026-05-22 disclosure would invalidate the signal entirely. Flag as stale if no additional corroborating trades emerge within 15 days.

What this means for you

Express the STT short thesis with a defined-risk options structure — a 30–45 day put spread (e.g., buy the at-the-money put, sell a put 5–8% lower) to cap downside on the hedge cost while maintaining directional exposure. Do not use outright short equity given the low conviction rating and single-trade sample. Monitor STOCK Act disclosures weekly for any additional STT activity from Financial Services or Banking committee members — clustering is the upgrade trigger. If no additional legislative selling emerges within two weeks, treat the signal as noise and close the position. Track STT vs XLF (financials ETF) on a relative basis — if STT underperforms XLF by more than 200bps, that confirms the single-name thesis and warrants a position add. Do not build a sector-wide financials short from this signal alone; it is a single-name, single-filing data point that warrants a starter exploratory position, not a portfolio theme.

This summary is based on public filings from Jake Auchincloss. It is for research and education only — not personalized investment advice.

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Trade History

Every reported transaction with plain-English summaries, live prices, and linked SEC filings when available.

STT

Sale

4 days to disclose

STT · ST

$15,001 - $50,000

Trade date

May 18, 2026

Filed

May 22, 2026

Price

…

Day change

…

vs. SPY

+1.47%

Plain English

Jake Auchincloss sold , shares @ $0 of STT (STT) on May 18, 2026. Disclosed May 22, 2026.

4May 22, 2026 4May 22, 2026 4May 22, 2026+5 more