Joni K Ernst

Following their disclosures vs. same money in SPY: -19.3 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
BUY	FR FRGXX mutual fund	$1K–$15K	2025-12-31	2026-05-15	PDF →
SELL	PM PMPIX mutual fund	$1K–$15K	2025-12-31	2026-05-15	PDF →
BUY	FR FRGXX mutual fund	$1K–$15K	2025-12-31	2026-05-15	PDF →
SELL	PM PMPIX mutual fund	$1K–$15K	2025-12-31	2026-05-15	PDF →
SELL	SP SPY	$1K–$15K	2025-12-24	2026-05-15	PDF →
SELL	EE EEM	$1K–$15K	2025-12-24	2026-05-15	PDF →
SELL	IV IVW	$1K–$15K	2025-12-24	2026-05-15	PDF →
SELL	EF EFA	$1K–$15K	2025-12-24	2026-05-15	PDF →
SELL	QQ QQQ other	$1K–$15K	2025-12-24	2026-05-15	PDF →
BUY	PM PMPIX mutual fund	$1K–$15K	2025-12-24	2026-05-15	PDF →
BUY	SS SSO other	$1K–$15K	2025-12-24	2026-05-15	PDF →
BUY	QL QLD other	$1K–$15K	2025-12-24	2026-05-15	PDF →
BUY	FT FTDZX mutual fund	$1K–$15K	2025-12-24	2026-05-15	PDF →
BUY	QL QLD other	$1K–$15K	2025-12-24	2026-05-15	PDF →
BUY	PM PMPIX mutual fund	$1K–$15K	2025-12-24	2026-05-15	PDF →
BUY	FT FTDZX mutual fund	$1K–$15K	2025-12-24	2026-05-15	PDF →
BUY	SS SSO other	$1K–$15K	2025-12-24	2026-05-15	PDF →
BUY	DO DODIX mutual fund	$1K–$15K	2025-11-19	2026-05-15	PDF →
BUY	FI FIHBX mutual fund	$1K–$15K	2025-11-19	2026-05-15	PDF →
BUY	PR PRRIX mutual fund	$1K–$15K	2025-11-19	2026-05-15	PDF →
BUY	VM VMVAX mutual fund	$1K–$15K	2025-11-19	2026-05-15	PDF →
BUY	VI VIMAX mutual fund	$1K–$15K	2025-11-19	2026-05-15	PDF →
BUY	ME MEIIX mutual fund	$1K–$15K	2025-11-19	2026-05-15	PDF →
SELL	PR PRRIX mutual fund	$1K–$15K	2025-10-17	2026-05-15	PDF →
SELL	ME MEIIX mutual fund	$1K–$15K	2025-10-17	2026-05-15	PDF →
SELL	TR TRLGX mutual fund	$1K–$15K	2025-10-17	2026-05-15	PDF →
SELL	FX FXAIX mutual fund	$1K–$15K	2025-10-17	2026-05-15	PDF →
SELL	DO DODIX mutual fund	$1K–$15K	2025-10-17	2026-05-15	PDF →
SELL	DW DWGHX mutual fund	$1K–$15K	2025-09-29	2026-05-15	PDF →
SELL	FI FINFX mutual fund	$1K–$15K	2025-09-29	2026-05-15	PDF →

Estimated current holdings

Every disclosed stock/ETF buy minus every disclosed sell, marked to today (Oct 29, 2026) — our best estimate of what Ernst 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
HY HYG	recent	$8K	17.0%	-1.0%	May 2025	Aug 2025
EF EFA	recent	$8K	16.6%	+2.6%	May 2026	Dec 2025
EE EEM	recent	$8K	15.9%	-1.7%	May 2026	Dec 2025
BI BIL	recent	$4K	9.3%	+1.0%	May 2024	Aug 2025
BI BITB	recent	$4K	8.6%	+6.0%	May 2026	Aug 2025
GS GSLC	recent	$4K	8.5%	+5.5%	May 2026	Aug 2025
FN FNDF	recent	$4K	8.3%	+2.7%	May 2026	Aug 2025
AV AVEM	recent	$4K	7.9%	-1.7%	May 2026	Aug 2025
LQ LQD	recent	$4K	7.9%	-2.2%	May 2026	Aug 2025

Filings 10 on file · every disclosure Ernst has made