April McClain Delaney is staring down one of the nastiest Democratic primaries in the country right now, a rematch with former Rep. David Trone in Maryland's 6th that has already shattered every spending record the state has ever seen. Her campaign just dropped $207.4K in new fundraising disclosures. The social-media chatter is relentless. And while all of that's happening, her stock-disclosure filings show 36 trades in the last 90 days alone, including five on a single day in late April. The public record is busy on multiple fronts simultaneously.
The Race That Ate Maryland
CBS News called it one of Maryland's most expensive and contentious primaries ever. That's not hyperbole. Social posts circulating this week put the combined spend at north of $32 million, with Trone and McClain Delaney together accounting for $25 million of that, a new all-time record for a single House race. Trone, who already held the old record, added to it. McClain Delaney added $7.4 million of her own.
Maryland state Del. Joe Vogel, who finished second to McClain Delaney in the 2024 primary, just endorsed her against Trone. The optics of your 2024 rival showing up to help you fend off your 2026 rival is the kind of coalition-building that happens when a race gets genuinely expensive and genuinely personal.
The fresh $207.4K fundraising disclosure lands in that context. It's not a dominant number for a race burning through millions, but it keeps the lights on and the filing clock ticking.
36 Trades While the Primary Burns
Here is what Blind Trust uniquely knows: while the Maryland 6th is consuming every available news cycle, McClain Delaney's disclosure filings show 36 separate stock trades in the last 90 days. The range on nearly all of them is ,000 to 5,000, which keeps any single transaction modest on its face. It's active.
April 30 alone saw five filings: a sale of Morningstar (MORN), purchases of Markel Group (MKL) and an instrument listed as PLCSTE, and sales of Clean Harbors (CLH) and Service Corporation International (SCI). The day before, April 29, she picked up Packaging Corporation of America (PKG) and TransDigm Group (TDG). Then on April 24, she bought PKG again and Nasdaq Inc. (NDAQ), while selling Fortune Brands Innovations (FBIN) and C.H. Robinson Worldwide (CHRW), the latter at the 5,000 to $50,000 range, the largest disclosed transaction in the 90-day window.
Thirty-six transactions in a quarter, spread across industrials, financials, insurance, waste management, and defense-adjacent names. The calendar is what it is.
The Alpha Record Is Not the Story You'd Want It to Be
Per the full scored sample on her disclosure record, McClain Delaney has 44 positive trades out of 117 scored. That's a 37.6% win rate against the S&P 500. The mean 30-day alpha across all 117 scored trades is negative 2.3 percentage points. The portfolio, taken in aggregate, has underperformed the index.
The best single trade in the sample: a March 31 purchase of Entegris (ENTG) that produced 20.2 points of 30-day alpha. A February 4 purchase of EMCOR Group (EME) generated 13.3 points. A February 19 sale of Morningstar (MORN) added 11.9 points.
The worst: a January 15 sale of Morningstar (MORN) that lost 27.0 points of alpha. A February 24 sale of Fortune Brands Innovations (FBIN) dropped 24.9. An April 8 sale of Benchmark Electronics (TECH) cost 22.7 points.
None of those trades carry a committee-overlap angle. McClain Delaney sits on the House Agriculture Committee (including its Commodity Markets, Digital Assets, and Rural Development subcommittee) and the House Science, Space, and Technology Committee. Morningstar is a financial-data and investment-research company. EMCOR is an electrical and mechanical contractor. Entegris makes semiconductor materials. None of those fall inside the remit of Agriculture or Science, Space, and Technology in any direct way. The wins and losses are just trades. Unspectacular ones, mostly.
The receipts are public. Make of them what you make of them.
The Floor Votes: Banking Bills and Nothing She Oversees
On May 20, McClain Delaney voted Yea on the American Access to Banking Act (H.R. 4544), the Community Bank Deposit Access Act of 2025 (H.R. 5317), and the Keeping Deposits Local Act (H.R. 3234), all of which passed. She also voted Yea on the 25th Anniversary of 9/11 Commemorative Coin Act and Lulu's Law on the same day.
Banking regulation sits in the House Financial Services Committee. McClain Delaney is not on Financial Services. She voted on those bills because every member votes on the floor, not because she has any special oversight role over community banking. Worth being clear about that distinction.
Her Nay votes in the recent window went against the Veterans 2nd Amendment Protection Act (H.R. 1041) and the Sharri Briley and Eric Edmundson Veterans Benefits Expansion Act, both of which passed without her support on May 21. She also voted Nay on the FISA extension (H.R. 9238) on June 11, which failed. Consistent with where a Maryland Democrat tends to land on these.
There are no flagged vote-trade overlaps in the data for this window. The filing shows no trade that landed suspiciously close to a market-moving floor vote on legislation she oversees. That absence is worth stating plainly, since the absence of an overlap is also a fact.
What the Portfolio Actually Looks Like
Pull back and the 90-day trade list reads like someone working through a diversified mid-cap screen. TransDigm (TDG) is a defense-adjacent aerospace components manufacturer, bought twice (April 20 and April 29). Packaging Corporation of America (PKG) was bought twice (April 24 and April 29). Markel Group (MKL) is a specialty insurer. Nasdaq Inc. (NDAQ) is the exchange operator. Clean Harbors (CLH) handles environmental services and hazardous waste. Service Corporation International (SCI) runs funeral homes and cemeteries.
Funeral homes and aerospace parts in the same two-week window. No single theme. No obvious sector concentration that maps to a committee assignment or a marquee floor vote. The C.H. Robinson sale on April 24, the largest transaction in the window at 5,000 to $50,000, is a logistics and freight brokerage company. The House Agriculture Committee does oversee commodity markets and rural development, and agricultural logistics is adjacent to that world. But adjacent is not the same as inside the remit, and the trade-overlap flag is not set.
Seventy-three of her 117 scored trades have underperformed the index. The mean is negative 2.3%. That's not a record anyone puts on a campaign mailer.
The Big Picture
McClain Delaney is, right now, in the middle of a primary that could end her congressional career or cement it. The MD-6 race between her and David Trone is burning through money at a pace the state has never seen. She just put another $207.4K on the board. Joe Vogel is in her corner. The race is real and the stakes are real.
And her disclosure filings, sitting in the public record exactly as required, show a member who has been trading actively and, on balance, badly. Thirty-six trades in 90 days. Forty-four winners out of 117 scored. Negative 2.3% mean alpha. No committee overlaps. No flagged timing anomalies.
Members are required to disclose. They are not required to divest, recuse, abstain, blush, or outperform the S&P 500.
The full record is at Blind Trust's disclosure tracker for April McClain Delaney. The primary calendar is its own countdown clock.