{"id":"B001319","trades":[{"date":"2024-07-24","filed":"2024-07-29","ticker":"ONEW","issuer":"ONEW","asset_type":"stock","direction":"sell","amount":[1001,15000],"owner":"unknown","sector":"Consumer Discretionary","late":false,"trade_id":"SQB001319-20240729-001","source":"senate_quiver","source_url":"","in_jurisdiction":false,"car_5":0.086861},{"date":"2025-04-14","filed":"2026-01-26","ticker":"JPM","issuer":"JPM","asset_type":"stock","direction":"buy","amount":[1001,15000],"owner":"unknown","sector":"Financials","late":true,"trade_id":"SQB001319-20260126-012","source":"senate_quiver","source_url":"","in_jurisdiction":true,"car_5":0.015451},{"date":"2025-04-14","filed":"2026-01-26","ticker":"EOG","issuer":"EOG","asset_type":"stock","direction":"buy","amount":[1001,15000],"owner":"unknown","sector":"Energy","late":true,"trade_id":"SQB001319-20260126-013","source":"senate_quiver","source_url":"","in_jurisdiction":false,"car_5":0.053291},{"date":"2025-04-14","filed":"2026-01-26","ticker":"AAPL","issuer":"AAPL","asset_type":"stock","direction":"buy","amount":[1001,15000],"owner":"unknown","sector":"Information Technology","late":true,"trade_id":"SQB001319-20260126-014","source":"senate_quiver","source_url":"","in_jurisdiction":false,"car_5":0.003647},{"date":"2025-04-14","filed":"2026-01-26","ticker":"WMT","issuer":"WMT","asset_type":"stock","direction":"buy","amount":[1001,15000],"owner":"unknown","sector":"Consumer Staples","late":true,"trade_id":"SQB001319-20260126-015","source":"senate_quiver","source_url":"","in_jurisdiction":false,"car_5":-0.000278},{"date":"2025-04-14","filed":"2026-01-26","ticker":"GOOG","issuer":"GOOG","asset_type":"stock","direction":"buy","amount":[1001,15000],"owner":"unknown","sector":"Communication Services","late":true,"trade_id":"SQB001319-20260126-016","source":"senate_quiver","source_url":"","in_jurisdiction":true,"car_5":-0.01774},{"date":"2025-04-14","filed":"2026-01-26","ticker":"V","issuer":"V","asset_type":"stock","direction":"buy","amount":[1001,15000],"owner":"unknown","sector":"Financials","late":true,"trade_id":"SQB001319-20260126-017","source":"senate_quiver","source_url":"","in_jurisdiction":true,"car_5":-0.003412},{"date":"2025-04-14","filed":"2026-01-26","ticker":"NVDA","issuer":"NVDA","asset_type":"stock","direction":"buy","amount":[1001,15000],"owner":"unknown","sector":"Information Technology","late":true,"trade_id":"SQB001319-20260126-018","source":"senate_quiver","source_url":"","in_jurisdiction":false,"car_5":-0.045337},{"date":"2025-04-14","filed":"2026-01-26","ticker":"AMZN","issuer":"AMZN","asset_type":"stock","direction":"buy","amount":[1001,15000],"owner":"unknown","sector":"Consumer Discretionary","late":true,"trade_id":"SQB001319-20260126-019","source":"senate_quiver","source_url":"","in_jurisdiction":true,"car_5":-0.014391},{"date":"2025-04-14","filed":"2026-01-26","ticker":"UNH","issuer":"UNH","asset_type":"stock","direction":"buy","amount":[1001,15000],"owner":"unknown","sector":"Health Care","late":true,"trade_id":"SQB001319-20260126-020","source":"senate_quiver","source_url":"","in_jurisdiction":false,"car_5":-0.282492},{"date":"2025-04-14","filed":"2026-01-26","ticker":"XOM","issuer":"XOM","asset_type":"stock","direction":"buy","amount":[1001,15000],"owner":"unknown","sector":"Energy","late":true,"trade_id":"SQB001319-20260126-021","source":"senate_quiver","source_url":"","in_jurisdiction":false,"car_5":0.055148},{"date":"2025-04-14","filed":"2026-01-26","ticker":"MSFT","issuer":"MSFT","asset_type":"stock","direction":"buy","amount":[1001,15000],"owner":"unknown","sector":"Information Technology","late":true,"trade_id":"SQB001319-20260126-022","source":"senate_quiver","source_url":"","in_jurisdiction":false,"car_5":-0.024805},{"date":"2025-04-30","filed":"2026-01-26","ticker":"AMZN","issuer":"AMZN","asset_type":"stock","direction":"buy","amount":[1001,15000],"owner":"unknown","sector":"Consumer Discretionary","late":true,"trade_id":"SQB001319-20260126-007","source":"senate_quiver","source_url":"","in_jurisdiction":true,"car_5":0.008064},{"date":"2025-04-30","filed":"2026-01-26","ticker":"UNH","issuer":"UNH","asset_type":"stock","direction":"sell","amount":[1001,15000],"owner":"unknown","sector":"Health Care","late":true,"trade_id":"SQB001319-20260126-008","source":"senate_quiver","source_url":"","in_jurisdiction":false,"car_5":0.054788},{"date":"2025-04-30","filed":"2026-01-26","ticker":"AAPL","issuer":"AAPL","asset_type":"stock","direction":"buy","amount":[1001,15000],"owner":"unknown","sector":"Information Technology","late":true,"trade_id":"SQB001319-20260126-009","source":"senate_quiver","source_url":"","in_jurisdiction":false,"car_5":-0.092774},{"date":"2025-04-30","filed":"2026-01-26","ticker":"NVDA","issuer":"NVDA","asset_type":"stock","direction":"buy","amount":[1001,15000],"owner":"unknown","sector":"Information Technology","late":true,"trade_id":"SQB001319-20260126-010","source":"senate_quiver","source_url":"","in_jurisdiction":false,"car_5":0.037952},{"date":"2025-04-30","filed":"2026-01-26","ticker":"XOM","issuer":"XOM","asset_type":"stock","direction":"sell","amount":[1001,15000],"owner":"unknown","sector":"Energy","late":true,"trade_id":"SQB001319-20260126-011","source":"senate_quiver","source_url":"","in_jurisdiction":false,"car_5":0.011435},{"date":"2025-11-07","filed":"2026-01-26","ticker":"NVDA","issuer":"NVDA","asset_type":"stock","direction":"sell","amount":[1001,15000],"owner":"unknown","sector":"Information Technology","late":true,"trade_id":"SQB001319-20260126-001","source":"senate_quiver","source_url":"","in_jurisdiction":false,"car_5":-0.009231},{"date":"2025-11-07","filed":"2026-01-26","ticker":"AMZN","issuer":"AMZN","asset_type":"stock","direction":"sell","amount":[1001,15000],"owner":"unknown","sector":"Consumer Discretionary","late":true,"trade_id":"SQB001319-20260126-002","source":"senate_quiver","source_url":"","in_jurisdiction":true,"car_5":0.040286},{"date":"2025-11-07","filed":"2026-01-26","ticker":"GOOG","issuer":"GOOG","asset_type":"stock","direction":"sell","amount":[1001,15000],"owner":"unknown","sector":"Communication Services","late":true,"trade_id":"SQB001319-20260126-003","source":"senate_quiver","source_url":"","in_jurisdiction":true,"car_5":0.015465},{"date":"2025-11-07","filed":"2026-01-26","ticker":"V","issuer":"V","asset_type":"stock","direction":"buy","amount":[1001,15000],"owner":"unknown","sector":"Financials","late":true,"trade_id":"SQB001319-20260126-004","source":"senate_quiver","source_url":"","in_jurisdiction":true,"car_5":-0.017322},{"date":"2025-11-07","filed":"2026-01-26","ticker":"AAPL","issuer":"AAPL","asset_type":"stock","direction":"sell","amount":[1001,15000],"owner":"unknown","sector":"Information Technology","late":true,"trade_id":"SQB001319-20260126-005","source":"senate_quiver","source_url":"","in_jurisdiction":false,"car_5":-0.013435},{"date":"2025-11-07","filed":"2026-01-26","ticker":"UPS","issuer":"UPS","asset_type":"stock","direction":"buy","amount":[1001,15000],"owner":"unknown","sector":"Industrials","late":true,"trade_id":"SQB001319-20260126-006","source":"senate_quiver","source_url":"","in_jurisdiction":false,"car_5":0.010396},{"date":"2026-01-28","filed":"2026-01-29","ticker":"JPM","issuer":"JPM","asset_type":"stock","direction":"sell","amount":[1001,15000],"owner":"unknown","sector":"Financials","late":false,"trade_id":"SQB001319-20260129-001","source":"senate_quiver","source_url":"","in_jurisdiction":true,"car_5":-0.064816}],"tests":[{"id":"T1","reading":"does_not_fit","evidence":"statistical","summary":"100% of 24 trades were in the lowest disclosure band ($1,001-$15,000); trades just before large company-specific moves were not larger than usual.","detail":"Lowest-band share 1.000, 90% Wilson [0.899, 1.000]. Event-linked size gap Delta_z = 0.00 (within-issuer permutation p = 1.000); 0 event-linked trades with z > 3 in bands of $50,001 or more.","estimate":{"label":"Lowest-band share","value":1,"ci":[0.89869,1],"ci_level":0.9,"unit":"share"},"power_limited":false,"screen":false,"p_value":1,"p_holm":1,"q_bh":1,"robust":null,"robustness":[],"sources":[],"stats":{"n":24,"lowest_band_share":1,"lowest_band_ci":[0.89869,1],"share_over_50k":0,"max_z":0,"size_gap":0,"size_gap_p":1,"event_linked":3,"event_linked_outliers":0}},{"id":"T2","reading":"does_not_fit","evidence":"statistical","summary":"13 different companies; the effective number of equally sized positions is 11 and trading spans 79% of maximum sector diversity.","detail":"Dollar HHI 0.090 (identified set [0.077, 0.474]); trade-count HHI 0.090 vs. 95th percentile 0.049 of 24 random draws from all congressional trades (p = 0.002). Normalized sector entropy 0.79 [0.78, 0.84]. Top three issuers (AAPL, AMZN, NVDA) carry at least 4% of dollar volume.","estimate":{"label":"Effective number of issuers","value":11.076923,"ci":[2.107636,13],"ci_level":0.9,"unit":"count"},"power_limited":false,"screen":false,"p_value":null,"p_holm":null,"q_bh":null,"robust":null,"robustness":[],"sources":[],"stats":{"n":24,"issuers":13,"hhi_mid":0.090278,"hhi_bounds":[0.076923,0.474465],"n_eff":11.076923,"hhi_count":0.090278,"peer_benchmark_p95":0.048611,"peer_benchmark_p":0.002,"sector_entropy":0.790505,"sector_entropy_ci":[0.7847,0.83952],"top3_share_lower":0.038499,"top3":["AAPL","AMZN","NVDA"],"top3_tied_to_events":true}},{"id":"T3","reading":"does_not_fit","evidence":"statistical","summary":"60% of trading days were batches of three or more companies; 0% of trades look routine; 12.5% of trades came within five trading days before a large company-specific move (chance alone: 7.1%).","detail":"Batch-day share 3/5, Wilson [0.27, 0.86]; index of dispersion 7.63 (chi-square p = 0); routine share 0.00 (portfolio-routine or Cohen-Malloy-Pomorski two-year rule). Proximity share 0.125 vs. circular-shift null mean 0.071, p = 0.286.","estimate":{"label":"Batch-day share","value":0.6,"ci":[0.272483,0.857294],"ci_level":0.9,"unit":"share"},"power_limited":false,"screen":false,"p_value":0.286,"p_holm":1,"q_bh":0.717509,"robust":null,"robustness":[],"sources":[],"stats":{"n":24,"trade_days":5,"batch_share_trades":0.916667,"batch_day_share":0.6,"batch_day_ci":[0.272483,0.857294],"dispersion_index":7.625316,"dispersion_p":0,"routine_share":0,"proximity_share":0.125,"proximity_null_mean":0.070975,"proximity_null_p95":0.166667,"proximity_p":0.286,"proximity_nonroutine":0.125,"proximity_routine":0}},{"id":"T4","reading":"open_question","evidence":"statistical","summary":"Across 24 priced trades, purchases and sales moved 0.51% against the trade's direction relative to the market over the next month on average.","detail":"Mean signed CAR(1,21) = -0.0051; 90% KP interval [-0.0695, 0.0593]; t_BMP = -0.21, r-bar = 0.016, t_KP = -0.18, Patell Z = -0.37, Corrado Z = 0.29. Dollar-weighted identified set [-0.2327, 0.1159]. Calendar-time alpha 61.44%/yr (NW t = 0.83, 95 days).","estimate":{"label":"Mean signed 21-day CAR","value":-0.005125,"ci":[-0.069519,0.059269],"ci_level":0.9,"unit":"return"},"power_limited":true,"screen":false,"p_value":0.569098,"p_holm":1,"q_bh":0.982752,"robust":false,"robustness":[{"variant":"Horizon 5 days","reading":"open_question","value":-0.008052},{"variant":"Horizon 63 days","reading":"open_question","value":0.01957},{"variant":"Excluding largest batch date","reading":"open_question","value":0.035853},{"variant":"Self-owned accounts only","reading":"not_assessed","value":null},{"variant":"Dollar-weighted (bounds)","reading":"open_question","value":0.115882},{"variant":"Calendar-time alpha (annualized)","reading":null,"value":0.614374}],"sources":[],"stats":{"n":24,"theta":-0.005125,"ci":[-0.069519,0.059269],"p":0.569098,"t_kp":-0.176039,"rbar":0.015676,"se_cs":0.031958,"se_kp":0.037572,"t_cs":-0.160372,"t_bmp":-0.206965,"patell_z":-0.37397,"corrado_z":0.29291,"dollar_weighted_bounds":[-0.23267,0.115882],"calendar_time":{"alpha_daily":0.002438,"se":0.002946,"days":95,"t":0.827519,"p_one_sided":0.203972},"calendar_alpha_ci":[-0.002611,0.007487],"by_horizon":{"5":{"n":24,"theta":-0.008052,"ci":[-0.037149,0.021045],"p":0.747089,"t_kp":-0.675934,"rbar":0.015676,"se_cs":0.014441,"se_kp":0.016978,"t_cs":-0.557597,"t_bmp":-0.794681,"patell_z":-1.426262,"corrado_z":0.300702},"21":{"n":24,"theta":-0.005125,"ci":[-0.069519,0.059269],"p":0.569098,"t_kp":-0.176039,"rbar":0.015676,"se_cs":0.031958,"se_kp":0.037572,"t_cs":-0.160372,"t_bmp":-0.206965,"patell_z":-0.37397,"corrado_z":0.29291},"63":{"n":24,"theta":0.01957,"ci":[-0.069083,0.108223],"p":0.410139,"t_kp":0.2298,"rbar":0.015676,"se_cs":0.043997,"se_kp":0.051727,"t_cs":0.444795,"t_bmp":0.270171,"patell_z":0.378882,"corrado_z":0.712977}}}},{"id":"T5","reading":"not_assessed","evidence":"descriptive","summary":"No market-wide shocks or documented events fell within five trading days after the member's trades.","detail":"No market-wide shocks or documented events fell within five trading days after the member's trades.","estimate":null,"power_limited":false,"screen":false,"p_value":null,"p_holm":null,"q_bh":null,"robust":null,"robustness":[],"sources":[],"stats":{"n_episodes":0}},{"id":"T6","reading":"not_assessed","evidence":"not_computed","summary":"No documentary record of trading arrangements or absence periods was available.","detail":"No documentary record of trading arrangements or absence periods was available.","estimate":null,"power_limited":false,"screen":false,"p_value":null,"p_holm":null,"q_bh":null,"robust":null,"robustness":[],"sources":[],"stats":{}},{"id":"T7","reading":"open_question","evidence":"descriptive","summary":"22 of 24 trades (91.7%) were disclosed late; median lag 271 days.","detail":"Late share 0.917, Wilson [0.777, 0.972]; 90th percentile lag 287 days; longest 287 days.","estimate":{"label":"Late share","value":0.916667,"ci":[0.776879,0.972029],"ci_level":0.9,"unit":"share"},"power_limited":false,"screen":false,"p_value":null,"p_holm":null,"q_bh":null,"robust":null,"robustness":[],"sources":[],"stats":{"n":24,"amendment_rows_excluded":0,"late":22,"late_from_trade":22,"excused_by_notification":0,"late_share":0.916667,"late_ci":[0.776879,0.972029],"median_lag":271,"p90_lag":287,"max_lag":287,"filings":3,"late_filings":1,"late_priced":22,"timely_priced":2,"late_priced_dates":3}},{"id":"T8","reading":"does_not_fit","evidence":"descriptive","summary":"38% of the member's mapped trading by dollar value was in industries their committees oversee, against 33% for a comparable benchmark.","detail":"Committees JCSE, SSAP, SSBK, SSJU, SSRA; jurisdiction sectors Aerospace & Defense, Broadline Retail, Financials, Interactive Media & Services, Pharmaceuticals, Real Estate. Dollar share 0.375 (identified set [0.038, 0.900], bootstrap 0.221-0.572); benchmarks S&P 500 0.263, congressional peers 0.329.","estimate":{"label":"Jurisdiction excess share","value":0.045758,"ci":[-0.108043,0.24259],"ci_level":0.9,"unit":"share"},"power_limited":false,"screen":false,"p_value":null,"p_holm":null,"q_bh":null,"robust":null,"robustness":[],"sources":[],"stats":{"n":24,"in_jurisdiction_trades":9,"share":0.375,"share_bounds":[0.038499,0.89991],"share_ci":[0.221199,0.571832],"benchmark_sp500":0.263366,"benchmark_peers":0.329242,"excess":0.045758,"excess_ci":[-0.108043,0.24259],"committees":["JCSE","SSAP","SSBK","SSJU","SSRA"],"jurisdiction_sectors":["Aerospace & Defense","Broadline Retail","Financials","Interactive Media & Services","Pharmaceuticals","Real Estate"],"regression_error":"Error evaluating factor: TypeError: 'module' object is not callable\n    y ~ J + C(sector) + C(month)\n            ^^^^^^^^^","gamma1":null,"gamma1_ci":[null,null],"gamma1_p":null}},{"id":"T9","reading":"not_assessed","evidence":"descriptive","summary":"9 priced trades fell in affected industries in the 30 days before the member's committee events and 15 did not; at least 10 of each are needed to compare them.","detail":"9 priced trades fell in affected industries in the 30 days before the member's committee events and 15 did not; at least 10 of each are needed to compare them.","estimate":null,"power_limited":false,"screen":false,"p_value":null,"p_holm":null,"q_bh":null,"robust":null,"robustness":[],"sources":[],"stats":{"n":9,"n_other":15,"events":1957}},{"id":"T10","reading":"not_assessed","evidence":"descriptive","summary":"No documented scrutiny date; the estimated change point in trading activity is shown for reference.","detail":"No documented scrutiny date; the estimated change point in trading activity is shown for reference. Estimated change point 2024-07-25 (permutation p = 0.124).","estimate":null,"power_limited":false,"screen":false,"p_value":null,"p_holm":null,"q_bh":null,"robust":null,"robustness":[],"sources":[],"stats":{"changepoint":"2024-07-25","changepoint_LR":6.979032,"changepoint_p":0.124,"tradeday_rate_before":1,"tradeday_rate_after":0.010127}},{"id":"T11","reading":"does_not_fit","evidence":"statistical","summary":"After adjusting for noise, the member's trades rank at the 34% percentile of 134 members (shrunk estimate -0.28% per trade over a month).","detail":"Empirical Bayes: raw -0.0051, posterior -0.0028 (sd 0.0015); Congress mean -0.0028, between-member variance 0.000000.","estimate":{"label":"Shrunk signed 21-day CAR","value":-0.002769,"ci":[-0.005272,-0.000265],"ci_level":0.9,"unit":"return"},"power_limited":false,"screen":false,"p_value":null,"p_holm":null,"q_bh":null,"robust":null,"robustness":[],"sources":[],"stats":{"raw":-0.005125,"posterior_mean":-0.002769,"posterior_sd":0.001522,"congress_mean":-0.002769,"tau2":0,"percentile":0.343284,"members_compared":134,"lower95":-0.005752}},{"id":"T12","reading":"open_question","evidence":"statistical","summary":"4 trades were followed within two weeks by a large company-specific move; 1 were on the profitable side.","detail":"Hit rate 0.25, Clopper-Pearson [0.01, 0.75], exact one-sided p = 0.938; threshold |AR| > 3 sigma.","estimate":{"label":"Hit rate","value":0.25,"ci":[0.012741,0.751395],"ci_level":0.9,"unit":"share"},"power_limited":true,"screen":false,"p_value":0.9375,"p_holm":1,"q_bh":1,"robust":null,"robustness":[],"sources":[],"stats":{"n":4,"hits":1,"hit_rate":0.25,"ci":[0.012741,0.751395],"priced":24,"share_followed":0.166667}},{"id":"T13","reading":"does_not_fit","evidence":"statistical","summary":"62% of trades had another member trading the same stock the same way within a week (chance alone: 52%).","detail":"Co-traded share 0.625; circular-shift null mean 0.523, 95th pct 0.708, p = 0.340. Co-traded signed CAR -0.0297, p = 0.691.","estimate":{"label":"Co-traded share","value":0.625,"ci":null,"ci_level":null,"unit":"share"},"power_limited":false,"screen":false,"p_value":0.691212,"p_holm":1,"q_bh":0.902015,"robust":true,"robustness":[{"variant":"Without M001157, the member with the most trades, in the co-trade index","value":0.625,"reading":"does_not_fit"}],"sources":[],"stats":{"n":24,"cotraded_share":0.625,"null_mean":0.522727,"null_p95":0.708333,"excess_p":0.34,"cotraded_share_wo_top":0.625,"excess_p_wo_top":0.23,"cotraded_car":-0.029719,"cotraded_car_ci":[-0.125193,0.065754],"cotraded_car_p":0.691212}},{"id":"T14","reading":"not_assessed","evidence":"not_computed","summary":"Only 0 trades name the account owner; at least 10 are needed.","detail":"Only 0 trades name the account owner; at least 10 are needed.","estimate":null,"power_limited":false,"screen":false,"p_value":null,"p_holm":null,"q_bh":null,"robust":null,"robustness":[],"sources":[],"stats":{"owner_unknown":24}},{"id":"T15","reading":"not_assessed","evidence":"descriptive","summary":"2 round trips but fewer than three priced.","detail":"2 round trips but fewer than three priced.","estimate":null,"power_limited":false,"screen":false,"p_value":null,"p_holm":null,"q_bh":null,"robust":null,"robustness":[],"sources":[],"stats":{"round_trips":2,"share_in_round_trips":0.166667}},{"id":"T16","reading":"does_not_fit","evidence":"descriptive","summary":"No option trades were reported.","detail":"No option trades were reported.","estimate":null,"power_limited":false,"screen":false,"p_value":null,"p_holm":null,"q_bh":null,"robust":null,"robustness":[],"sources":[],"stats":{"option_trades":0,"option_share":0}}]}