Byron Donalds
Byron Donalds (R-FL) sold $1K-$15K of $BRO (Brown & Brown, Inc. Common Stock) on Sep 4, 2025, part of 18 transactions in this filing (2 buys, 16 sells).
HillSignal flagged 5 timing concerns on this filing — trades that line up closely with related legislative or contract activity.
Price Movement Since Trade
How the largest positions have moved from the trade date to the most recent close.
Showing the 6 largest positions. See every transaction in the table below.
Suspicious Timing Detected
5 flagsRep. Donalds sold $1,001 - $15,000 in $MOH on 2025-09-04, 96 days before the 'Putting Patients First Healthcare Freedom Act' (HR6512) was introduced on 2025-12-09, a bill that could reduce revenue for large health insurers.
Rep. Donalds sold $1,001 - $15,000 in $CMG on 2025-09-04, 97 days before the 'LET’S Protect Workers Act' (HR6597) was introduced on 2025-12-10, a bill proposing increased penalties for labor violations.
Rep. Donalds sold $1,001 - $15,000 in $FTNT on 2025-09-04, 104 days before the 'Remote Access Security Act' (S3519) was introduced on 2025-12-17, which expands export controls affecting cybersecurity companies.
Rep. Donalds sold $1,001 - $15,000 in $PGR on 2025-09-04, 104 days before SRES556 was introduced on 2025-12-17, a resolution recognizing climate risks to Florida's insurance market, potentially impacting insurers.
Rep. Donalds sold $1,001 - $15,000 in $PGR on 2025-09-04, 104 days before SRES555 was introduced on 2025-12-17, a resolution recognizing climate change as a threat to the mortgage market and home values, potentially impacting insurers.
These flags identify timing coincidences between stock trades and legislative activity. They do not imply wrongdoing. Click any bill number or ticker to see the full analysis.
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All Transactions
| Type | Ticker | Asset | Amount | Trade Price | Current | Change | Date |
|---|---|---|---|---|---|---|---|
| BUY | $IDXX | IDEXX Laboratories, Inc. - Common Stock | $1K-$15K | $640.44 | — | — | Sep 4, 2025 |
| BUY | $IDXX | IDEXX Laboratories, Inc. - Common Stock | $1K-$15K | $640.44 | — | — | Sep 4, 2025 |
| SELL | $BRO | Brown & Brown, Inc. Common Stock | $1K-$15K | $95.49 | — | — | Sep 4, 2025 |
| SELL | $BRO | Brown & Brown, Inc. Common Stock | $1K-$15K | $95.49 | — | — | Sep 4, 2025 |
| SELL | $CMG | Chipotle Mexican Grill, Inc. Common Stock | $1K-$15K | $41.41 | — | — | Sep 4, 2025 |
| SELL | $CMG | Chipotle Mexican Grill, Inc. Common Stock | $1K-$15K | $41.41 | — | — | Sep 4, 2025 |
| SELL | $FI | Fiserv, Inc. Common Stock | $1K-$15K | $136.18 | — | — | Sep 4, 2025 |
| SELL | $FI | Fiserv, Inc. Common Stock | $1K-$15K | $136.18 | — | — | Sep 4, 2025 |
| SELL | $FTNT | Fortinet, Inc. - Common Stock | $1K-$15K | $76.44 | — | — | Sep 4, 2025 |
| SELL | $FTNT | Fortinet, Inc. - Common Stock | $1K-$15K | $76.44 | — | — | Sep 4, 2025 |
Connected Legislative Activity
10 signalsThese bills and contracts share tickers or sectors with this filing's trades.
Puerto Rico Affordable Care Act of 2025
HR6479 is an early-stage bill with no near-term path to enactment. Recent managed care stock rallies are tied to general sector optimism, not this specific legislation. No actionable trading signal from this bill at this point.
Kid PROOF Act of 2025
HR6396 (Kid PROOF Act) expands eligible uses of existing SUPPORT Act grants for pediatric suicide and overdose prevention but authorizes no new funding and remains in early committee stage. No measurable revenue impact on any publicly traded company.
ANCHOR Act of 2025
The ANCHOR Act of 2025 (S. 3300) creates a new state option to expand Medicaid eligibility to uninsured adults with serious mental illness or substance use disorder at or below 100% FPL. The bill is in early legislative stages—referred to Senate Finance Committee December 2025. Despite early status, the market is pricing in passage: CNC has rallied +62% in 30 days to $53.11, MOH +46% to $195.22, and HUM +39% to $241.35. Centene, Molina, and Humana are the primary structural beneficiaries due to their outsized Medicaid MCO exposure.
The Working for Tips Tax Relief Act of 2025
H.R. 6295, the Working for Tips Tax Relief Act of 2025, is an early-stage House bill proposing a permanent exclusion of up to $35,000 in reported tips from gross income for eligible service workers. Referred to Ways and Means in November 2025 with no subsequent action, the bill has extremely low near-term passage probability. For tipped-heavy QSR operators like Starbucks and Domino's, the bill could reduce turnover and improve labor availability if enacted, but current market prices reflect unrelated dynamics: SBUX surging 17.88% in 30 days on operational momentum, DPZ falling 8.31% in 7 days on broad market pressure. No actionable trading signal from this bill alone.
Water Cybersecurity Enhancement Act of 2025
HR5868 extends grant eligibility for water utility cybersecurity training through 2031, but it is an early-stage authorization bill with no new funding and remains referred to committee. Cybersecurity stocks have recently rallied on unrelated factors—$CRWD +19.03% and $PANW +17.62% over 30 days—but this bill is procedural noise, not a catalyst.
OPTUM PUBLIC SECTOR SOLUTIONS, INC.: $895M Department of Veterans Affairs Contract
This $895 million Department of Veterans Affairs contract to Optum Public Sector Solutions, Inc., a subsidiary of UnitedHealth Group ($UNH), is bullish for the company. It represents a significant revenue stream in the healthcare technology sector, reinforced by legislative support for healthcare services.
Foreign Robocall Elimination Act
The Foreign Robocall Elimination Act establishes an interagency taskforce on unlawful robocalls and mandates carriers to invest in cybersecurity and analytics infrastructure. No new funding is authorized, but the compliance-driven procurement cycle creates a structural demand uplift for leading cybersecurity platforms. $CRWD, $PANW, and $FTNT are best positioned, having already rallied +46% to +61% over 30 days in broad sector momentum.
To ensure that Write Your Own companies can sell private flood insurance products that compete with National Flood Insurance Program products.
HR5608 removes NFIP non-compete restrictions on WYO insurers, enabling a new private flood insurance market. P&C carriers like ALL, TRV, PGR, and CINF gain revenue upside. The bill is early-stage with a Senate companion, but the market expansion is structural and unambiguous.
Medicaid Primary Care Improvement Act
The Medicaid Primary Care Improvement Act (S.3298) is a procedural, early-stage bill that clarifies states may use direct primary care arrangements in Medicaid but authorizes zero funding and mandates only guidance and a report. Near-term market impact on Medicaid MCOs is neutral. Recent 30-day rallies in MOH (+46%) and CNC (+62%) are driven by factors unrelated to this stalled legislation.
ANCHOR Act of 2025
The ANCHOR Act of 2025 creates a state option to expand Medicaid to uninsured adults with serious mental illness or substance use disorder at or below 100% FPL. The bill is early-stage (referred to House Energy & Commerce) but has a Senate companion and regulatory tailwinds from an April 2026 executive order. Pure-play Medicaid managed care insurers Centene ($CNC) and Molina ($MOH) are structural beneficiaries, though no funding is authorized until states adopt and federal appropriations follow.
Other Filings by Byron Donalds
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Data sourced from the U.S. House of Representatives Office of the Clerk Financial Disclosure system. Stock prices from Financial Modeling Prep. Suspicious timing flags identify coincidences between stock trades and legislative activity and do not imply any wrongdoing or illegal activity. This is not financial advice.