Rep. Ro Khanna’s household poured roughly $73,000 into Nasdaq, Inc. over a five-week stretch this spring, steadily building a position in the exchange operator as markets churned through early 2026 volatility.
Disclosure filings show six separate purchases of NDAQ between Feb. 24 and March 30, split between the California Democrat and his spouse. The transactions ranged from $1,000 to $50,000 each, according to the mandated reporting bands.
- Feb. 24, 2026 — Buy, $1,000–$15,000 (DC)
- March 24, 2026 — Buy, $15,000–$50,000 (DC)
- March 24, 2026 — Buy, $1,000–$15,000 (Spouse)
- March 24, 2026 — Buy, $1,000–$15,000 (Spouse)
- March 25, 2026 — Buy, $1,000–$15,000 (Spouse)
- March 30, 2026 — Buy, $1,000–$15,000 (Spouse)
Nasdaq, which operates the tech-heavy stock exchange and a growing market-technology business, carries a market capitalization of approximately $48.8 billion. Shares recently traded at $85.53, within a 52-week range of $64.84 to $101.79.
The largest single purchase — between $15,000 and $50,000 on March 24 — came from Khanna himself. The remaining trades were clustered in smaller increments, most attributed to his spouse, suggesting a methodical accumulation rather than a one-off bet.
Khanna serves on the House Armed Services Committee and the House Committee on Oversight and Government Reform, and he sits on the Select Committee on the Strategic Competition Between the United States and the Chinese Communist Party. He also holds posts on subcommittees covering cybersecurity, information technology and innovation — policy areas closely tied to the integrity and resilience of U.S. financial market infrastructure.
Nasdaq’s business spans exchange listings, clearing, data services and anti-financial-crime technology, placing it at the intersection of capital formation and cybersecurity — issues frequently addressed in hearings before Oversight and Armed Services panels.
Khanna is an active market participant. According to compiled data, he has reported 17,672 career trades, placing him among the more prolific congressional traders. At least 20 lawmakers have disclosed transactions in Nasdaq stock, reflecting broad bipartisan exposure to the exchange operator.
The timing of the purchases is notable. The late-February to late-March window captured a period of uneven equity performance, with technology shares rebounding from earlier-year pressure tied to interest-rate uncertainty and global trade tensions. Nasdaq’s stock moved within a relatively tight band during that stretch, well below its 52-week high of $101.79.
Under the STOCK Act, lawmakers are required to disclose stock transactions within 45 days, but they are not prohibited from buying or selling individual equities. Khanna’s filings were submitted in compliance with those requirements and are part of the latest congressional trades available for public review.
Whether the household continues to build the position — or trims it if shares approach prior highs — will be visible in future disclosures. For now, the pattern points to a deliberate expansion into a core piece of U.S. market infrastructure at a moment when financial technology and exchange operations are increasingly central to Washington’s policy debates.