Ro Khanna spent this week making headlines as a foreign-policy iconoclast, becoming the first sitting U.S. lawmaker to sign TrackAIPAC's Peace Pledge, a public commitment to reject money from AIPAC and its allied donor networks. The pledge is a genuine political risk in a Democratic primary environment where those groups have spent aggressively to punish apostates. Credit where it's due. Meanwhile, the same man has filed 180 disclosed stock trades in the last 90 days, including a cluster of tech-sector purchases that overlap with his committee work on Armed Services and Oversight, where technology and cybersecurity happen to be exactly his lane.
The Pledge That's Got Twitter Moving
Three Google News stories in 24 hours. Twenty-five posts on Bluesky. For a disclosure-beat publication, that's a meaningful news spike for a House member not currently under indictment.
Democracy Now flagged it first. The American Bazaar followed. Then The Intercept noted that TrackAIPAC had previously targeted Khanna before he flipped into their endorsement column. That's not a small arc. The group spends real money and names names.
The pledge itself covers AIPAC, Democratic Majority for Israel, the Republican Jewish Coalition, Christians United for Israel, and affiliated organizations. Signing it in a competitive primary environment, with a potential statewide run (California governor's race is the whisper) on the horizon, is either principled or a very specific bet on which donor coalition wins the Democratic Party's next decade. Possibly both.
That's the news. Now here's what Blind Trust actually tracks.
180 Trades in 90 Days
One hundred and eighty disclosed stock trades in 90 days works out to two per day. Not a typo. The full disclosure record is public.
The portfolio has covered a lot of ground lately. April 13 alone saw eight purchases, including Cisco Systems ($15K-$50K), Johnson & Johnson ($15K-$50K), Thermo Fisher Scientific ($15K-$50K), Stryker ($15K-$50K), Automatic Data Processing ($15K-$50K), Capital One Financial ($15K-$50K), Home Depot ($15K-$50K), and Barnes Group ($15K-$50K). That's a diversified buying spree across healthcare, financials, and industrial in a single day. Then on April 21, a JPMorgan Chase purchase in the $15K-$50K range. Then on April 27, a sale of Micron Technology and a purchase of Albertsons.
Active doesn't begin to cover it.
The Committee Overlap Trades
Here's where the specific piece matters. Khanna sits on the House Committee on Armed Services, where his subcommittees cover Cyber, Information Technologies, and Innovation. He also sits on House Oversight, where his subcommittee is literally named Cybersecurity, Information Technology, and Government Innovation. And on the House Select Committee on Strategic Competition with China, which spends a lot of its time on semiconductor supply chains.
The filings show five trades that overlap with technology sector coverage of those committees.
On April 13, Khanna purchased Seagate Technology (STX) in the $1K-$15K range. Over the 30 days following that trade, Seagate outperformed the S&P 500 by 54.7 percentage points. On April 2, he purchased Microchip Technology (MCHP), also $1K-$15K. That trade's 30-day alpha: 32.1 points over the index. On April 13, a purchase of Oracle ($1K-$15K) posted 16.8 points of alpha. Two separate Amazon purchases, on March 30 ($15K-$50K) and April 2 ($1K-$15K), each came in at 16.8 points over the market.
Seagate and Microchip Technology are both deeply embedded in the semiconductor and data storage supply chains that Khanna's committees scrutinize constantly, particularly in the context of China competition policy. Oracle holds federal cloud contracts that touch defense and intelligence infrastructure. Amazon Web Services is a primary vendor to the U.S. intelligence community.
The timing is what it is. The interpretation is yours.
Members are required to disclose. They are not required to divest, recuse, abstain, or look up from their phones.
The Alpha Record, Honestly
Out of 187 scored trades, 89 were positive and 98 were negative. The mean 30-day alpha across the full sample is 1.0 percent. That's a coin flip with a slight edge, not a crystal ball.
The wins are real. A 54.7-point Seagate return and a 39.6-point Western Digital return (also purchased April 13, no committee overlap noted in the data) are genuinely strong outcomes on individual positions. But the losses are equally real. The worst three scored trades: a sale of Abbott Laboratories that posted negative 21.5-point alpha, a sale of Cognizant Technology Solutions that came in at negative 23.7 points (with Technology committee overlap), and a sale of ServiceNow at negative 27.0 points (also Technology overlap). Selling those names when he did cost relative performance. The full record isn't a highlight reel.
The specific data worth flagging is the committee-overlap cluster, not the overall record. Five tech trades with committee relevance, all purchases, all positive alpha. The three worst trades were sales, also in tech, also with committee overlap. The directional pattern in the committee-adjacent names is what it is. The math is public.
The Floor Votes (Just the Votes)
On May 20, Khanna voted Yea on both the American Access to Banking Act and the Community Bank Deposit Access Act, both of which passed. Neither banking regulation bill falls under his committee assignments, so there's no oversight angle here. He voted his position on the floor and the bills moved. Worth noting that his April 21 JPMorgan Chase purchase predates those votes by about a month. JPMorgan is a major bank. Banking access bills affect major banks. The connection is indirect at most, and his committees don't cover bank regulation. File it under calendar coincidences that readers can assess themselves.
He voted Nay on the FISA extension (June 11, failed) and against two veterans benefits bills that passed over his objection. Those votes fit the Khanna brand: skeptical of surveillance authority, occasionally to the left of his caucus on defense-adjacent matters. Consistent with the guy who just signed an anti-AIPAC pledge for fun.
The Venn Diagram of Ro Khanna
Here's the thing: Khanna is genuinely unusual. He represents Silicon Valley. He sits on tech-oversight committees. He trades tech stocks actively. He also gives speeches about corporate power and democratic accountability that would get him booed on K Street. He just became the first House member to publicly commit to refusing AIPAC money, which is a real move regardless of what you think of the underlying foreign policy.
The portfolio and the politics don't obviously contradict each other. Someone who thinks about U.S.-China semiconductor competition professionally will also think about Seagate and Microchip Technology as investment ideas. That's how it works. The system permits it. That's the part the public gets to have an opinion about.
What the filings can't tell you is intent. What they can do is put the trades next to the committee work and let the calendar speak. A Seagate purchase with 54.7-point alpha, filed by a member whose subcommittee covers information technologies, from a man who is otherwise spending his week signing pledges and building a national political profile. The receipts are public. Make of them what you make of them.