A new Periodic Transaction Report filed with the U.S. House of Representatives shows that Hon. Julia Letlow purchased shares of Apple Inc. (AAPL) common stock. The transaction was made by the member of Congress personally, through a Merrill Lynch Investment Account (#025), and falls within the disclosed range of $15,001 to $50,000.
According to the filing, the purchase took place on October 23, 2024. Under our classification system, this signal is logged as a ‘congress buy’ — a disclosure indicating that a sitting member of Congress added to a position in a publicly traded company.
A Delayed Disclosure
One detail stands out in this filing: the report was submitted 292 days after the actual transaction date. The STOCK Act requires members of Congress to disclose covered transactions within 45 days of becoming aware of them. This filing falls well outside that window. We note this delay as a matter of public record and timeline accuracy, without speculating on why the report was filed late. Late filings under the STOCK Act are not uncommon, and the law itself does not treat a missed deadline as evidence of wrongdoing — it simply requires eventual disclosure, which occurred here.
Apple remains one of the most widely held stocks among both individual investors and institutional funds, so a congressional purchase disclosure tends to draw attention regardless of dollar size. The reported range here, $15,001 to $50,000, places this transaction on the smaller end of the disclosure brackets used in STOCK Act filings, though the exact amount is not made public under the law’s reporting structure.
For readers who track how large institutional investors approach positions in widely held names like Apple, our ongoing coverage of 13F filings offers a different lens on the same kind of stock. See our tracker on Caxton Associates LLP: 13F Portfolio Moves Tracked Quarterly for a look at how one macro-focused fund has adjusted its holdings over recent quarters.
This report is part of the routine disclosure process required of all members of Congress and their spouses and dependent children under the STOCK Act. Periodic Transaction Reports are filed with the Clerk of the House and made available to the public, allowing outlets like WhoIsBuyingNow.com to track buying and selling activity among lawmakers over time. No further transactions tied to this specific filing were listed in the disclosure reviewed for this article.
As always, this coverage reflects only what has been disclosed in the public filing and should not be read as commentary on the merits of the investment or as guidance for other investors.