Melvin L. Watt
Melvin L. Watt Net Worth & Financial Disclosure
houseAnnual financial disclosure for 2012, filed May 15, 2012. Includes 50 assets and 3 liabilities.
Est. Net Worth
$1.1M
2012 annual disclosure
Total Assets
$1.1M - $2.7M
50 assets
Total Liabilities
$515K - $1.1M
3 liabilities
Total Trades
116
From PTR filings
Trade Volume
$844K
Midpoint of disclosed ranges
Net Worth Over Time
Show data table
| Period | Est. net worth |
|---|---|
| 2008 | $1.1M |
| 2008 | $1.1M |
| 2009 | $992K |
| 2010 | $1M |
| 2010 | $1.2M |
| 2011 | $1.2M |
| 2012 | $1.1M |
| 2012 | $544K |
| 2012 | $733K |
| 2013 | $340K |
| 2013 | $405K |
Assets by Category
LLC / Partnership$791K (3)
Stocks$454K (21)
Retirement & Pension$305K (8)
Real Estate$150K (2)
Mutual Funds$108K (9)
Bank & Cash$49K (3)
Gov. Securities$33K (1)
Other$16K (2)
ETFs$0 (1)
Top Stock Holdings (from trades)
All Assets (50)
| Asset | Value |
|---|---|
| N/A | |
| $50,001 - $100,000 | |
Ariel Appreciation Fund - IRA (Not Self Directed) | $1,001 - $15,000 |
Ariel Appreciation Fund (Not Self Directed) | $1,001 - $15,000 |
State Street Institutional Strategy Fund | $1,001 - $15,000 |
ARTO International Equity Fund - IRA | $1,001 - $15,000 |
| $1,001 - $15,000 | |
| $1,001 - $15,000 | |
BlackRock MuniHoldings Insured Fund | $15,001 - $50,000 |
| $50,001 - $100,000 | |
| $1,001 - $15,000 | |
Converse Technology Inc. | $1 - $1,000 |
Davis New York Venture Fund - IRA | $1,001 - $15,000 |
Deutsche Bank 6.625% Perp | $1,001 - $15,000 |
| $1,001 - $15,000 | |
Eaton Vance Tax Managed | $1,001 - $15,000 |
Eaton Worldwide Healthsciences | $1,001 - $15,000 |
| $1,001 - $15,000 | |
High Point NC 3.5% High Point, NC, US | $15,001 - $50,000 |
| $15,001 - $50,000 | |
| $50,001 - $100,000 | |
1.63 Acres Burke County, North Carolina Burke County, NC, US | $50,001 - $100,000 |
Lot 5/5/17 N. Poplar St., Charlotte, NC (1/2 Interest) Charlotte, NC, US | $50,001 - $100,000 |
| N/A | |
Mechanics & Farmers Bank | $1,001 - $15,000 |
| N/A | |
NC State Employees Retirement System (not SEIIS) | $15,001 - $50,000 |
| $1,001 - $15,000 | |
| $1,001 - $15,000 | |
| $1,001 - $15,000 | |
| $15,001 - $50,000 | |
Nuveen Equity Premium Income Fund | $5,001 - $50,000 |
| $1,001 - $15,000 | |
Park Plaza Office LP | $500,001 - $1,000,000 |
| N/A | |
Rainier Investment Management Midcap Equity | N/A |
Rydex Sector Rotation Fund - IRA | $1,001 - $15,000 |
| $1,001 - $15,000 | |
RS Housing Property Trust | $1,001 - $15,000 |
| $1,001 - $15,000 | |
Tocqueville TR Gold Fund - IRA | $1,001 - $15,000 |
Transamerica - IRA (Not Self Directed) | $1,001 - $15,000 |
Wells Fargo | $1,001 - $15,000 |
Wells Fargo | $1,001 - $15,000 |
Wells Fargo - IRA | $15,001 - $50,000 |
Wells Fargo Money Market Account | $15,001 - $50,000 |
Wells Fargo 8% PFD | $50,001 - $100,000 |
Wells Fargo Advantage Funds - IRA | $100,001 - $250,000 |
Wells Fargo Advantage Funds - IRA | $15,001 - $50,000 |
Westside 2000, Ltd (Land Partnership) | $15,001 - $50,000 |
Liabilities (3)
| Creditor | Type | Amount |
|---|---|---|
| Wells Fargo Bank, N.A. | mortgage | $250,001 - $500,000 |
| Wells Fargo Bank, N.A. | mortgage | $250,001 - $500,000 |
| Mechanics & Farmers Bank | other | $15,001 - $50,000 |
Trading Sector Allocation (from PTR trades)
Utilities$24K
Technology$153K
Basic Materials$64K
Industrials$56K
Real Estate$32K
Consumer Cyclical$32K
Healthcare$24K
Energy$16K
Manufacturing$16K
Financial Services$33K
Consumer Defensive$16K
Methodology: Net worth is calculated from annual financial disclosures filed under the STOCK Act. Congress members report asset values and liabilities in ranges (e.g., $1,001-$15,000), not exact amounts. The “estimated net worth” shown is the midpoint of total assets minus the midpoint of total liabilities. Actual values may differ. Stock trading data comes from separate Periodic Transaction Reports (PTRs).