If you're looking for a bipartisan agreement in Washington, you might find it in a stock portfolio. Former Speaker of the House Nancy Pelosi (D-Calif.) is one of the most closely watched figures in Congress when it comes to stock trading, largely due to the activity of her husband, venture capitalist Paul Pelosi. Their trades, often sizable bets on technology stocks, have drawn scrutiny for their timing and a track record that has, notably, beaten the market.

It turns out several of the Pelosis' favorite stocks are also core holdings for a very different kind of investor: Brad Gerstner, the founder and CEO of the hedge fund Altimeter Capital. Gerstner is a well-known tech investor, entrepreneur, and podcaster who runs a concentrated, long-term portfolio. So, what do a powerful political figure and a tech-focused hedge fund manager see in the same handful of companies? Let's look at the five stocks that bridge their worlds.

The Overlap: Five Tech Titans

Based on Pelosi's public disclosures and Altimeter Capital's latest quarterly regulatory filing, the shared portfolio is a who's who of technology megacaps.

Nvidia Corporation (NVDA): The semiconductor leader is the crown jewel of Altimeter's portfolio, making up a whopping 23% of its assets. For Pelosi, the activity has been consistent. She disclosed exercising call options for 5,000 shares with a January 2026 expiration earlier this year. This follows a larger move in December 2024 where she exercised options for 50,000 shares and subsequently sold 10,000 of them. Nvidia has been a recurring favorite in the Pelosi portfolio for about five years.

Microsoft Corporation (MSFT): This tech giant is Altimeter's third-largest holding at 9.3% of the fund. Pelosi's last transaction with Microsoft was a sale of 5,000 shares in July 2024, which came after she exercised call options back in June 2023. She likely still holds a significant stake from option exercises dating back to March 2021.

Amazon.com Inc (AMZN): The e-commerce and cloud powerhouse represents 7.7% of Altimeter's portfolio. Mirroring her Nvidia trade, Pelosi recently exercised call options for 5,000 Amazon shares expiring in January 2026. She also holds additional Amazon call options purchased in December 2025 that could be exercised later this year.

Alphabet Inc (GOOGL): The parent company of Google is Altimeter's 11th-largest holding, accounting for 2.4% of assets. Pelosi's pattern continues here, with a disclosure of exercising 50 call options for 5,000 Alphabet shares in January 2026, plus other options purchased in December 2025. She likely holds additional common shares from exercises in 2022.

Broadcom Inc (AVGO): This semiconductor company is a smaller piece of Altimeter's pie, its 17th-largest holding at just 0.2% of assets. For Pelosi, it was a bigger bet: she exercised 200 call options in June 2025, giving her a 20,000-share stake in the company.

Reading the Moves: Bullish Signals?

The alignment is interesting, but the recent activity might be more telling. In the fourth quarter, Altimeter Capital increased its position size in four of these five shared stocks. The fund's Alphabet stake saw a dramatic 66% increase. Here's the breakdown of their Q4 changes:

• NVDA: +6%
• MSFT: +10%
• AMZN: +2%
• GOOGL: +66%
• AVGO: -96%

The lone exception was Broadcom, where Altimeter slashed its position by 96%, dropping it from its 10th-largest holding to 17th. The increases elsewhere, however, especially the aggressive boost to Alphabet, suggest Gerstner's fund is doubling down on its conviction in these tech leaders—a conviction that happens to be shared by the Pelosi household.

Different Paths to the Same Destination

It's crucial to note that Pelosi and Gerstner are playing the game with different rulebooks. Pelosi's investments are widely understood to be managed by her husband, Paul. His signature move involves purchasing deep-in-the-money call options with expiration dates roughly a year out, which he later exercises to acquire the underlying stock. The bets are almost exclusively on large-cap technology companies and are executed on a large scale, with individual transactions often ranging from hundreds of thousands to millions of dollars.

Altimeter Capital, founded by Gerstner in 2008, is a classic technology growth fund. It focuses on long-term, "founder-friendly" investments in both public and private companies. At the end of the fourth quarter, the fund's 18 stock holdings were valued at $6.7 billion. Gerstner's thesis is explicitly forward-looking. In a recent interview, he argued that we are in the "early innings of a super cycle" for software and cloud companies, fueled by the explosive growth of artificial intelligence and data center spending.

"We think we're really early in the super cycle," Gerstner told CNBC, highlighting his fund's positions in Nvidia and CoreWeave (CRWV) as key beneficiaries of this trend.

So, while one investor uses options to build a concentrated tech portfolio and another runs a multi-billion dollar hedge fund, their portfolios converge on a simple idea: the companies powering the digital and AI-driven future are worth betting on, big time. Whether you see it as savvy investing or a curious coincidence, the overlap between Pelosi and Gerstner provides a focused snapshot of where two very different sets of smart money are parked.