On April 8, 2025, Republican Representative Marjorie Taylor Greene purchased shares of alternative asset management giant Blackstone Inc. (NYSE:BX). This transaction was part of a broader buying spree in which she acquired between $21,000 and $315,000 worth of stocks across multiple sectors. To fund these investments, Greene sold between $50,000 and $100,000 in U.S. Treasury bills on April 8.
She bought the stock right before President Donald Trump announced his 90-day pause on retaliatory tariffs. It sent markets soaring, and the coincidence here has turned heads due to the timing.
BX stock surged 14.4% from April 8 to April 9, but it ended up stabilizing in the coming days as the market priced in Trump’s tariff pause. Today, the stock is up 5.8% since she bought it. BX outperformed the broader market in the immediate term during the tariff pause but has underperformed the S&P 500 since.
Many are still surprised by the timing since Greene's purchase coincided with Blackstone's announcement of the successful closure of its latest European real estate fund. It raised $10.6 billion in commitments and set a record as the largest European real estate drawdown fund ever established.
Greene has consistently maintained that she doesn't directly manage her investment portfolio. "I don't place my buys and sells," Greene stated, citing an agreement with her portfolio manager who handles all trading decisions. "Guess what he did? He bought the dip. And that's what anybody that has any financial sense does…”
As such, I don’t think this is insider buying. Many retail investors have been buying the dip hand over fist, and Blackstone is a fundamentally strong company that is an attractive investment regardless of what is happening in the short term.
