This month's heat map is a portrait of conviction, or something like it. LTH sits at number one with seven trades logged by a single Member in 30 days. We count distinct Members per ticker, not raw trade volume, so when every entry on this list resolves to one person trading one name repeatedly, that's not a diversified portfolio strategy. That's a fixation. The 30-day window doesn't lie about what someone's been doing with their lunch breaks.
1 distinct Members across 2 trades in the last 30 days. Sector: Industrials.
Holders include: April McClain Delaney.
BWX Technologies makes nuclear components for the U.S. Navy and the national labs. Two trades, one Member, Industrials. Defense contractors with nuclear contracts are the kind of holding that tends to move when the Pentagon budget does. The budget is always moving.
1 distinct Members across 2 trades in the last 30 days. Sector: Technology.
Holders include: April McClain Delaney.
Entegris makes semiconductor materials and process chemicals. Two trades, one Member, Technology. If you squint, it's almost like someone is trying to get very precise about which part of the chip supply chain they want exposure to.
1 distinct Members across 2 trades in the last 30 days. Sector: Communication Services.
Holders include: April McClain Delaney.
Live Nation Entertainment made this list with two trades. One Member. The same Live Nation that's been under a Department of Justice antitrust action. Congress has oversight of antitrust enforcement. The Venn diagram is not two non-overlapping circles.
1 distinct Members across 3 trades in the last 30 days. Sector: Industrials.
Holders include: April McClain Delaney.
Clean Harbors handles hazardous waste disposal. Three trades, one Member, Industrials. The irony of a legislator actively trading the company that cleans up toxic messes is left as an exercise for the reader.
1 distinct Members across 4 trades in the last 30 days. Sector: Industrials.
Holders include: April McClain Delaney.
C.H. Robinson Worldwide is a freight broker, and somebody in Congress traded it four times in a month. Freight. Four times. In a month where tariff policy was generating daily headlines about global shipping costs. The calendar is just sitting there.
1 distinct Members across 4 trades in the last 30 days. Sector: Healthcare.
Holders include: April McClain Delaney.
STERIS makes sterilization equipment for hospitals and surgical centers. Four trades, one Member, healthcare sector. At least someone on the Hill is paying attention to the supply chain between a scalpel and an infection.
1 distinct Members across 4 trades in the last 30 days. Sector: Financial Services.
Holders include: April McClain Delaney.
Markel Group is a specialty insurance holding company, and one Member traded it four times. Insurance is the kind of thing you buy when you know something's going to go wrong. No comment.
1 distinct Members across 5 trades in the last 30 days. Sector: Consumer Cyclical.
Holders include: April McClain Delaney.
Service Corporation International runs funeral homes. A sitting Member traded it five times in 30 days. The sector is Consumer Cyclical, which is one way to describe the death industry. Another way is 'recession-proof.'
1 distinct Members across 6 trades in the last 30 days. Sector: unclassified.
Holders include: April McClain Delaney.
CPAY clocks six trades from one Member in 30 days, sector also unclassified. Two of the top two entries on this list are in sectors the filings decline to name. Transparency theater is playing well this month.
1 distinct Members across 7 trades in the last 30 days. Sector: unclassified.
Holders include: April McClain Delaney.
LTH, seven trades, one Member, sector unclassified. When a stock's sector is unclassified and the trade count hits seven in a month, the filing is doing a lot of quiet work. We'd tell you more about what LTH does, but the disclosure form apparently couldn't be bothered either.
Every entry on this month's list resolves to a single Member trading a single name, some of them repeatedly, some in sectors the filings won't classify. The heat map is supposed to surface where Congress clusters. This month it surfaced where one person keeps returning.
When a Member logs seven trades in one ticker over 30 days, that's a choice, made repeatedly, with full knowledge that the disclosure clock is running. The receipts are public. Make of them what you make of them.