Rick Larsen is not generating much national ink right now. Zero Google News stories in the last 24 hours, a smattering of local endorsements on Bluesky, a sidebar mention in the Kennedy Center board conversation. The kind of week where a congressman exists mainly as a vote count. But on April 7, 2026, Larsen's financial disclosures show he was busy: eight trades, all on the same day, moving in and out of positions across financials, utilities, infrastructure, and energy. One of those purchases, Carrier Global, sits squarely inside the jurisdiction of the committee he serves on. The public record is right there. Readers get to bring their own opinion.
Eight Moves, One Day
April 7 was a busy day in the markets. It was also apparently a busy day in Larsen's brokerage account. His full disclosure record on Blind Trust shows four sales and four purchases, all filed for the same date, all in the $1,000-$15,000 range per position.
On the sell side: American Express (AXP), American Water Works (AWK), Broadridge Financial Solutions (BR), and Paychex (PAYX). On the buy side: Carrier Global (CARR), Casey's General Stores (CASY), NextEra Energy (NEE), and Westinghouse Air Brake Technologies (WAB).
That's a clean rotation out of financial-services-adjacent names and into infrastructure and energy. Whether that reflects a macro thesis, a financial adviser's call, or something else entirely is not something the disclosures say. What the disclosures do say is that Larsen sits on the House Committee on Transportation and Infrastructure, and that one of his April 7 purchases was Carrier Global.
The One That Has a Flag on It
Carrier Global makes HVAC systems, refrigeration equipment, and fire and security products. It's also a major player in building automation and climate control for infrastructure projects, the exact kind of commercial and industrial supply chain that flows through Transportation and Infrastructure committee decisions.
Per the alpha record in Blind Trust's scoring model, that Carrier Global purchase logged a 30-day excess return of plus-11.3 percentage points against the S&P 500. That's his best single trade in the 20-trade scored sample.
The math on his overall record is less flattering. Eight positive outcomes out of 20 scored trades. Mean 30-day alpha: negative 1.4 percent. More losers than winners by a 12-to-8 count. Carrier was the outlier, not the pattern.
But it's also the only top-performing trade in the sample that carries a committee overlap flag. That's the part worth noting.
Members are required to disclose. They are not required to divest, recuse, abstain, blush, or look up from their phones.
The Losers Are Also on the List
The worst trade in the 90-day batch was also filed April 7: the sale of American Water Works, which posted negative 16.7 percent alpha over the following 30 days. Selling a position that then underperformed the market by nearly 17 points reads, on its face, as a good exit. Blind Trust's data flags it under a committee overlap note labeled "Utilities."
Larsen sits on Transportation and Infrastructure. That committee's actual remit covers highways, transit, aviation, water resources, and related infrastructure. It's not the Energy and Commerce Committee. The committee overlap labels in the alpha data are a proximity flag, not a legal conclusion. The gap between "this sector is adjacent to my committee's work" and "I had special insight into this company" is wide, and nothing in the public record closes it.
Broadridge Financial Solutions, also sold April 7, posted negative 14.6 percent alpha. Another good exit on paper. No committee overlap on that one. Just a sale that aged well.
His Vote Record That Week Doesn't Connect
On May 20 and 21, Larsen voted on a set of banking and financial services bills: the American Access to Banking Act, the Community Bank Deposit Access Act of 2025, and the Keeping Deposits Local Act. He voted Yea on all three, and all three passed.
Here's the thing: those are Financial Services Committee bills. Larsen is not on Financial Services. A floor vote on banking legislation by a Transportation Committee member is just a floor vote. The overlap between those Yea votes and his April 7 sales of financial names like American Express and Paychex is a Venn diagram with two non-overlapping circles. He sold finance-adjacent stocks in April and voted on banking bills six weeks later as a rank-and-file member with no committee seat in that jurisdiction. The public record doesn't connect those two dots, and we're not going to draw the line for it.
Blind Trust's vote-trade overlap file for Larsen comes back empty. No flagged overlaps. That's the data.
The Context Nobody Writes About
Larsen has been in the House since 2001. He's a senior Democrat on Transportation and Infrastructure, representing Washington's 2nd congressional district, which covers the northwestern corner of the state including Bellingham and the San Juan Islands. Locally, he's generating low-intensity buzz around FIFA World Cup hosting (Washington state is a host venue) and picked up an endorsement from San Juan County leaders this week. The Kennedy Center board mention is a cameo, not a story.
None of that's the story here.
The story is that a senior member of the Transportation and Infrastructure Committee bought Carrier Global on April 7, 2026, and that purchase beat the S&P 500 by 11.3 points over the next 30 days. His overall trading record over 20 scored positions runs negative: 8 winners, 12 losers, mean alpha of negative 1.4 percent. Carrier is the exception in a sample full of mediocre outcomes.
What are the odds of one trade outperforming like that? Computable. What does it mean? The disclosures don't say, and neither do we.
The Portfolio Rotation Picture
Step back from the committee overlap for a second and look at what the April 7 trades suggest as a portfolio move. Larsen sold out of payments infrastructure (Broadridge, Paychex), consumer finance (American Express), and water utilities (American Water Works). He bought into HVAC and building systems (Carrier Global), convenience retail and fuel (Casey's General Stores), regulated clean energy (NextEra Energy), and rail equipment (Westinghouse Air Brake).
That's a rotation away from financial processing and toward physical infrastructure and energy. In early April 2026, that framing had a certain logic to it given where tariff uncertainty and infrastructure spending conversations were landing. Whether Larsen was reading the same macro tea leaves as any retail investor, or whether his perch on the Transportation committee sharpened the view, the disclosures don't specify.
Casey's General Stores is a Midwestern gas station and convenience chain. The connection to Larsen's Northwest Washington district is nonexistent. The connection to his committee is equally thin. It's just a stock in his account. WAB, Westinghouse Air Brake, is a different story: the company makes freight rail and transit equipment, directly in the Transportation Committee's lane. His April 7 WAB purchase doesn't appear in the committee overlap trades table, but the sector fit's obvious.
NextEra Energy, the clean power giant, does appear in the committee overlap record. That position posted negative 4.9 percent alpha over 30 days. So the committee-adjacent buys went: Carrier up 11.3, NextEra down 4.9. Not a clean sweep by any measure.
The Scorecard
20 trades scored. 8 in the green, 12 in the red. Mean 30-day alpha of negative 1.4 percent. The worst single position in the sample, the AWK sale, sits under a committee overlap flag and went 16.7 points negative. The best single position, the CARR purchase, also sits under a committee overlap flag and went 11.3 points positive.
The two committee-overlap trades that generated the most alpha, one in either direction, are both from the same day: April 7, 2026.
A Transportation Committee member bought the HVAC infrastructure company and sold the water utility on the same morning. One beat the market. One didn't. The receipts are public. Make of them what you make of them.
Larsen's full disclosure record, vote history, and alpha calculations are at Blind Trust. The committee assignments are public record. The trades are public record. The votes are public record. Everything above comes from those sources and nothing else.