Ro Khanna spent part of this week expressing 'sadness, disappointment' over Thomas Massie's primary defeat, per The Hill. A warm sentiment from a California Democrat for a Kentucky libertarian. The filings, however, are less sentimental. Public disclosures show Khanna purchased Cisco Systems stock on April 13, 2026. Seven days later, he voted Yea on HR.1681, the Expediting Federal Broadband Deployment Reviews Act, which passed 384-9. Cisco, for the uninitiated, is one of the largest networking and broadband infrastructure companies on earth. In the 30 days after that trade, Cisco's stock moved up 23.7%. The calendar is just sitting there.
The News This Week
Ro Khanna made the rounds this weekend offering condolences for the political death of Thomas Massie, the libertarian-ish Kentucky Republican who lost his primary to a candidate named Gallrein. The Hill reported the quotes: sadness, disappointment, the usual cross-aisle eulogy. Khanna is good at this. He's built a brand on being the Democrat who other-side-aisles harder than anyone in the caucus.
Khanna's public record runs on two tracks. The second one is worth a look.
The Trade
Per the disclosure filing, Khanna purchased shares of Cisco Systems, Inc. on April 13, 2026. The amount wasn't disclosed in the structured data, so we can't tell you how many shares or at what dollar value. What we can tell you is the date.
April 13.
The Vote
Seven days later, on April 20, 2026, Khanna voted Yea on HR.1681, the Expediting Federal Broadband Deployment Reviews Act. The bill passed 384-9. A 97.7% Yea rate — this wasn't a politically courageous stand. The whole chamber basically shrugged and signed off.
What the bill does: it streamlines federal review processes for broadband infrastructure deployment. What Cisco does: it sells the routers, switches, and networking hardware that broadband infrastructure runs on. The Venn diagram is not complicated.
Members are required to disclose trades. They are not required to divest, recuse, abstain, or look up from their portfolios. It's legal. That's the part that should bother you.
The 30-Day Tape
After the April 13 purchase, Cisco's stock climbed 23.7% over the following 30 days.
This trade-vote pairing carries a suspiciousness score of 78.3 out of 100 in our correlation model. That score doesn't prove intent. It measures the proximity of a trade to a related vote, weighted by the subsequent price movement. A 78.3 gets your attention.
Twelve words into the bill's title, you hit the word "broadband." Cisco's entire enterprise networking division sits inside that word.
What the Record Shows
The complete sequence: Khanna buys Cisco on April 13. Khanna votes Yea on a broadband infrastructure bill on April 20. Cisco runs 23.7% in the month that follows. The vote passes with 384 members on the Yea side, so Khanna's individual vote didn't tip anything. The House was going to pass HR.1681 with or without him.
What we don't have: any evidence about why Khanna made the trade when he made it, what research he consulted, or whether he's held Cisco for years. Disclosures show the what and the when. The why isn't in the filing.
What we do have: a purchase, a vote, a bill name with the word broadband in it, and a 23.7% return. All of it is public record. The full overlay is here.
The receipts are public. Make of them what you make of them.