Rick Larsen represents Washington's 2nd district, co-chairs the Congressional Soccer Caucus, and has recently been calling for World Cup referees to be let into the country. On Bluesky, 13 posts in the last 24 hours are largely about that cause, which is admirable and also completely unrelated to what his financial disclosures have been up to. On April 7, 2026, Larsen filed eight trades in a single day: four sales, four purchases, all in the $1,000–$15,000 range. One of those purchases sits on his committee's turf and outperformed the market by 11.3 points in the following 30 days. His overall record across 20 scored trades is 8 winners, 12 losers, mean alpha of negative 1.4 percent. So: not a genius. But the one trade that matters most is the one with the committee flag on it.
The News Peg: Soccer, Libraries, and the Public Record
The story people are actually writing about Larsen right now involves the World Cup and a statement he put out on reforming the Library of Congress. Both are perfectly reasonable things for a congressman to do. Neither moves markets.
His financial filings, however, do shift the picture on something more interesting: Larsen sits on the House Committee on Transportation and Infrastructure. That committee has jurisdiction over, among other things, the companies that build, cool, move, and power the infrastructure this country runs on. On the same April 7 filing date, Larsen bought shares of Carrier Global (CARR), a HVAC and building systems company whose fortunes are closely tied to construction and infrastructure spending. Transportation committee. HVAC and infrastructure company. The Venn diagram has significant overlap.
April 7: All Eight Trades, One Calendar Square
Here's the full picture of what Larsen disclosed moving on a single day:
- Sold: American Express (AXP), $1K–$15K
- Sold: American Water Works (AWK), $1K–$15K
- Sold: Broadridge Financial Solutions (BR), $1K–$15K
- Sold: Paychex (PAYX), $1K–$15K
- Bought: Carrier Global (CARR), $1K–$15K
- Bought: Casey's General Stores (CASY), $1K–$15K
- Bought: NextEra Energy (NEE), $1K–$15K
- Bought: Westinghouse Air Brake Technologies (WAB), $1K–$15K
Eight trades. One day. The amounts are small enough, in disclosure-range terms, that this could be automated rebalancing. It could also be a deliberate rotation. The filings don't say which. What they do say is that two of those four purchases carry committee overlap flags.
The Committee Overlap Trades
Per Larsen's full disclosure record on Blind Trust, three of his recent trades carry a committee-overlap designation: CARR and NextEra Energy (NEE) as purchases, and American Water Works (AWK) as a sale, all filed April 7.
The CARR purchase is the one that jumps out. Carrier Global makes climate and energy solutions for buildings, largely HVAC systems and fire and security products. It's a construction-adjacent, infrastructure-adjacent company. Larsen's committee covers transportation and infrastructure. In the 30 days after that April 7 purchase, CARR outperformed the S&P 500 by 11.3 percentage points. That's the best single-trade alpha in his entire scored sample.
The NEE purchase tells a different story. NextEra Energy is the country's largest utility, deeply entangled with the policy environment around clean energy and grid infrastructure. Also committee-adjacent. Also filed April 7. Thirty-day alpha: negative 4.9 percent. So: same committee overlap, same filing date, opposite outcome.
The AWK sale is the one that stings retrospectively, if you're Larsen. American Water Works is a regulated utility. He sold it on April 7. In the 30 days that followed, AWK outperformed the S&P by 16.7 points. He sold it and it ran. That's the worst single-trade alpha in his sample, and it also carries a committee overlap tag. The committee flag cuts both ways.
The Full Record: Not Pretty
Let's be precise about what the data actually says, because the temptation is to cherry-pick the CARR win and write a different story than the one the numbers tell.
Across 20 scored trades, Larsen is 8 for 20. Mean 30-day alpha: negative 1.4 percent. More than half his trades underperformed the index. The worst trade in the sample is the AWK sale, at negative 16.7 alpha. The second worst is his sale of Broadridge Financial Solutions (BR) on the same April 7 date, at negative 14.6 alpha. He sold BR, it went up. He sold AWK, it went up. He bought CARR, it went up.
Three committee-overlap trades. One winner. Two losers. The aggregate picture is a congressman who is not beating the market, which is actually the most common story in these filings and doesn't make for great television. The CARR trade is the exception worth flagging, not the rule worth broadcasting.
The non-committee trades in the sample also have their own rough patches. The January 7, 2026 sale of Verisk Analytics (VRSK) landed at negative 13.2 alpha, he sold it and it kept climbing. The January 7 purchase of Darden Restaurants (DRI) was one of his cleaner wins, at plus 7.5 alpha, but DRI has nothing to do with his committee and it's just a trade.
The Votes: Financial Services Floor Action, Not His Lane
On May 20 and 21, 2026, Larsen cast votes on a stack of financial-sector bills: the American Access to Banking Act, the Community Bank Deposit Access Act of 2025, and the Keeping Deposits Local Act, all of which passed. He voted Yea on all three.
These are market-relevant floor votes. They are not, however, committee votes for Larsen. He sits on Transportation and Infrastructure. Banking regulation sits with the House Financial Services Committee. A floor vote on a banking bill by a member who doesn't sit on the relevant committee is just a floor vote. No overlap. No flag. He voted with the majority on bills that will move through someone else's jurisdiction. There's no special-access angle here, just a congressman doing his job on the floor.
The vote-trade overlap table for Larsen is empty. No flagged overlaps between his trading activity and his vote timing in this sample.
The One Trade Worth Watching
Strip everything else away and the CARR purchase is the one that earns a second look.
Carrier Global is exactly the kind of company that benefits from infrastructure policy. Federal building programs, energy efficiency mandates, HVAC equipment standards for federal facilities, all of it flows through the kind of legislative and regulatory environment that a Transportation and Infrastructure committee member has a front-row seat to. The 30-day alpha of 11.3 percent is real. The committee overlap is real. The timing is April 7, 2026.
What it's not, per the filings, is a violation of anything. Members are required to disclose. They are not required to divest, recuse, abstain, or look up from their phones. The system that permits this is working exactly as designed.
The other three purchases from that same date, Casey's General Stores, NextEra Energy, Westinghouse Air Brake Technologies, are a gas-station convenience chain, a utility, and a rail technology company. WAB, the Westinghouse Air Brake purchase, is actually the most committee-adjacent name on the list and yet it didn't draw an overlap flag in the scored data. Rail technology, transit equipment, freight infrastructure: all of it's Transportation and Infrastructure committee territory. That trade is not in the overlap list, which is notable on its own terms.
The Soccer Caucus and the Bigger Picture
The social conversation about Larsen right now is almost entirely about immigration policy at the border and its effects on the 2026 World Cup. He's been vocal, he's been public, and the Bluesky posts suggest people are paying attention. It's good retail politics for a Pacific Northwest Democrat. It's also a useful reminder that members operate on multiple tracks simultaneously: the public-facing advocacy track and the quieter financial disclosure track.
The Library of Congress reform statement and the Soccer Caucus work are the things getting Larsen Google News hits. The April 7 cluster of eight trades is the thing getting him a page on this site.
His record is 8 wins in 20 scored trades, a mean alpha of negative 1.4 percent, and one committee-overlap purchase that outperformed the index by double digits. The math on the full sample says average-to-poor. The math on the CARR trade alone says something more specific, and that specificity is what the public record is for.
The receipts are public. Make of them what you make of them.