Two years into his Senate term, John Fetterman is in a strange place. He is more popular with Pennsylvania Republicans than with Pennsylvania Democrats. His own party's approval of him has collapsed from 80% to 22% since January 2024. And while voters have soured, his brokerage account appears to be holding up just fine. Eleven disclosed stock trades on file, concentrated in the exact sectors his Senate Commerce subcommittee oversees.
The collapse with Pennsylvania Democrats
The Quinnipiac University poll has tracked Fetterman through the full arc of his Senate tenure. In January 2024, Pennsylvania Democrats approved of his job performance 80-10. Republicans disapproved 75-16. Standard partisan picture: the Senator was beloved at home and disliked across the aisle.
By October 2025, the picture had inverted. Pennsylvania Democrats now disapproved of Fetterman 54-33. Republicans approved 62-21. The cross-party flip was almost mirror-symmetric, and it kept moving. By February 2026, Democratic approval had fallen to 22%. Republican approval had climbed to 73%.
The numbers in one frame:
- PA Democrats approving Fetterman: 80% in January 2024, 33% in October 2025, 22% in February 2026.
- PA Republicans approving Fetterman: 16% in January 2024, 62% in October 2025, 73% in February 2026.
- Independents: split evenly at 43% approve, 43% disapprove (October 2025).
The political trade press has covered the story extensively. The Hill reported the 54% disapproval among PA Democrats. Fox News, ABC27, and The Daily Caller all wrote it up. The framing is consistent across outlets: Fetterman has spent two years occasionally voting with Republicans, and the home-state Democratic base has noticed.
The other ledger
While the polling charts have headed one direction, another set of charts has been heading another. According to STOCK Act disclosures filed with the Senate Office of Public Records and aggregated on Blind Trust, Fetterman has filed eleven stock transactions since taking office. The most recent landed on March 30, 2026. The rest:
- March 30, 2026. Purchases of Microsoft (MSFT), Erie Indemnity (ERIE), Alphabet (GOOGL), Amazon (AMZN), and Micron (MU). Five buys in one day, every one in the technology, communication services, or financial sectors.
- March 27, 2026. Purchases of MSFT and ERIE; sale of AT&T (T).
- March 11, 2026. Sale of Concentrix (CNXC).
- February 3, 2026. Sale of VF Corp (VFC).
- December 22, 2025. Sale of Steel Dynamics (STLD).
Each transaction sits inside the STOCK Act's disclosed amount range of $1,001 to $15,000. None of these are sanctions-violating; none are even alleged to break securities law; and the law does not require any senator to abstain from public-equity trading. The trades are public record. So is the chart of every stock involved.
What the chart says without saying anything
What is interesting is the where. Senator Fetterman serves on the Senate Committee on Commerce, Science, and Transportation, including its Subcommittee on Communications, Media, and Broadband and Subcommittee on Aviation, Space, and Innovation. Those are the panels that hold hearings on antitrust enforcement against Big Tech, broadband subsidies, semiconductor policy, and aviation regulation. In other words, the regulatory weather over Microsoft, Alphabet, Amazon, and Micron. Fetterman's March 30, 2026 buy ticket loaded all four of those names in a single day.
This is what we would call, with no implication of anything beyond the facts on file, a committee-sector overlap. The senator who votes on the regulatory environment for these companies also has a position in them. We are not detectives. We are not lawyers. We are simply pointing at a public filing and a publicly available list of committee assignments and noting that they appear to be in the same room.
Whether the trades have outperformed the broader market is a separate question that Blind Trust's classification engine tracks per trade, scoring each against the S&P 500 in the 30-day window after the trade date. Some trades cover the index. Some lag. The aggregate picture for any politician trading at this volume is a question Blind Trust users can answer for themselves on the live profile page. Every disclosure, every alpha number, every committee overlap, click to verify.
The receipt
- Senator: John Fetterman (D-PA), elected November 2022, sworn in January 2023.
- Approval among PA Democrats: 22% (Quinnipiac, February 2026), down from 80% (January 2024).
- Approval among PA Republicans: 73% (Quinnipiac, February 2026), up from 16% (January 2024).
- Disclosed stock transactions: 11 since taking office.
- Most-traded sectors: Technology (MSFT, GOOGL, MU), Communication Services (T, GOOGL), Consumer Cyclical (AMZN).
- Senate Commerce Committee assignments: Communications, Media, and Broadband; Aviation, Space, and Innovation.
- Most recent trade: March 30, 2026.
Why people are watching
The political story and the financial story are unrelated on paper. A senator's job approval has nothing to do with his disclosed stock purchases. They sit in different filing systems, get reported by different journalists, and rarely show up in the same paragraph.
What they have in common is the calendar. The same two-year window in which Fetterman's standing with his own party fell by 58 percentage points is the same two-year window during which he assembled an eleven-trade portfolio concentrated in companies regulated by his own Senate committee. Voters don't generally reward that pattern when they notice it. Voters in Pennsylvania appear to have noticed.
The 2028 Senate cycle is not a Pennsylvania year. Fetterman doesn't face voters again until 2028, when he will. Two and a half years is a long time for a 22% approval rating to recover. It is also a long time for a brokerage account to keep filing in the disclosure window.
The receipts are public. The chart is public. The committee assignments are public. Readers get to bring their own opinion.