David Trone

Following their disclosures vs. same money in SPY: +167.2 pts

Cumulative return you could actually have earned by copying them (blue) vs. the same dollars on the same days in SPY (amber). Every position is opened at the close of the session after the filing became public — not on the day they traded, which nobody could have known at the time. Each position is sized from the middle of its disclosed range — filings give a band, not a number. Returns are time-weighted, so money paid in is stripped out and only performance is left. Each vertical line is a notable disclosed buy / sell, tagged with the company logo (their biggest, earliest and most recent trades). A dotted line / ° is an options trade: we buy that many dollars of the underlying stock, since the filing gives no strike or expiry — which understates the real leverage rather than overstating it.

Trades

	Ticker	Amount	Traded	Disclosed
SELL	US Treasury Bill 03/07/2024 govt security	$500K–$1M	2023-11-16	2024-05-15 LATE	PDF →
SELL	US Treasury Bill 01/18/2024 govt security	$1.0M–$5M	2023-11-02	2024-05-15 LATE	PDF →
SELL	PE PEP	$50K–$100K	2023-11-01	2024-05-15 LATE	PDF →
SELL	US Treasury Bill 12/21/2023 govt security	$1.0M–$5M	2023-10-31	2024-05-15 LATE	PDF →
SELL	US Treasury Bill 02/22/2024 govt security	$1.0M–$5M	2023-10-25	2024-05-15 LATE	PDF →
SELL	US Treasury Bill 11/16/2023 govt security	$1.0M–$5M	2023-10-17	2024-05-15 LATE	PDF →
SELL	US Treasury Bill 12/21/2023 govt security	$100K–$250K	2023-10-17	2024-05-15 LATE	PDF →
SELL	US Treasury Bill 10/17/2023 govt security	$500K–$1M	2023-10-12	2024-05-15 LATE	PDF →
SELL	US Treasury Bill 10/17/2023 govt security	$500K–$1M	2023-10-02	2024-05-15 LATE	PDF →
BUY	US Treasury Bill 11/16/2023 govt security	$250K–$500K	2023-09-27	2024-05-15 LATE	PDF →
BUY	US Treasury Bill 02/22/2024 govt security	$1.0M–$5M	2023-09-27	2024-05-15 LATE	PDF →
BUY	US Treasury Bill 01/18/2024 govt security	$500K–$1M	2023-09-27	2024-05-15 LATE	PDF →
SELL	US Treasury Bill 09/26/2023 govt security	$1.0M–$5M	2023-09-26	2024-05-15 LATE	PDF →
BUY	US Treasury Bill 01/18/2024 govt security	$1.0M–$5M	2023-09-13	2024-05-15 LATE	PDF →
BUY	US Treasury Bill 03/07/2024 govt security	$500K–$1M	2023-09-06	2024-05-15 LATE	PDF →
BUY	US Treasury Bill 02/22/2024 govt security	$1.0M–$5M	2023-08-25	2024-05-15 LATE	PDF →
SELL	US Treasury Bill 08/24/2023 govt security	$1.0M–$5M	2023-08-24	2024-05-15 LATE	PDF →
BUY	US Treasury Bill 01/18/2024 govt security	$1.0M–$5M	2023-08-02	2024-05-15 LATE	PDF →
SELL	US Treasury Bill 07/20/2023 govt security	$1.0M–$5M	2023-07-20	2024-05-15 LATE	PDF →
BUY	US Treasury Bill 12/21/2023 govt security	$1.0M–$5M	2023-07-07	2024-05-15 LATE	PDF →
BUY	US Treasury Bill 11/16/2023 govt security	$1.0M–$5M	2023-07-05	2024-05-15 LATE	PDF →
BUY	US Treasury Bill 10/17/2023 govt security	$1.0M–$5M	2023-06-15	2024-05-15 LATE	PDF →
BUY	US Treasury Bill 09/26/2023 govt security	$500K–$1M	2023-06-12	2024-05-15 LATE	PDF →
BUY	US Treasury Bill 08/24/2023 govt security	$1.0M–$5M	2023-06-01	2024-05-15 LATE	PDF →
BUY	US Treasury Bill 07/20/2023 govt security	$1.0M–$5M	2023-04-18	2024-05-15 LATE	PDF →
SELL	Variable Rate Note other	$50K–$100K	2023-02-16	2023-03-20	PDF →
SELL	Citigroup Inc. Variable Rate Note other	$100K–$250K	2023-02-16	2023-03-20	PDF →
BUY	MS MS	$50K–$100K	2020-03-19	2020-08-13 LATE	PDF →
SELL	Morgan Stanley Variable Rate Note other	$100K–$250K	2020-03-19	2020-08-13 LATE	PDF →
SELL	AA AAPL	$1K–$15K	2020-03-04	2020-08-13 LATE	PDF →

Estimated current holdings

Every disclosed stock/ETF buy minus every disclosed sell, marked to today (Oct 29, 2026) — our best estimate of what Trone still holds (options and bonds aren't counted). A recent tag means they've traded that name in the last 18 months, so it's more likely still current; the rest could have been sold in a filing we haven't matched.

Ticker		Est. value	Weight	Return on lots held	1st buy	Last trade
MS MS		$309K	100.0%	+336.7%	Aug 2020	Mar 2020

Filings 8 on file · every disclosure Trone has made