Byron Donalds
Byron Donalds (R-FL) sold $1,0001 - $15,000 of $DT (Dynatrace, Inc. Common Stock (DT)) on Mar 27, 2024, part of 8 transactions in this filing (2 buys, 6 sells).
HillSignal flagged 3 timing concerns on this filing — trades that line up closely with related legislative or contract activity.
Companies in this filing · 4
Price Movement Since Trade
How the largest positions have moved from the trade date to the most recent close.
Suspicious Timing Detected
3 flagsRep. Donalds bought $1,0001 - $15,000 in $SNPS on 2024-03-27, 687 days before S3468, the "National Programmable Cloud Laboratories Network Act of 2025," which is bullish for the tech sector, was reported out of committee.
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 | $SNPS | Synopsys, Inc. Common Stock (SNPS)(Common Stock) | $1,0001 - $15,000 | $573.35 | $486.76 | -15.1% | Mar 27, 2024 |
| BUY | $SNPS | Synopsys, Inc. Common Stock (SNPS)(Common Stock) | $1,0001 - $15,000 | $573.35 | $486.76 | -15.1% | Mar 27, 2024 |
| SELL | $DT | Dynatrace, Inc. Common Stock (DT)(Common Stock) | $1,0001 - $15,000 | — | $39.69 | — | Mar 27, 2024 |
| SELL | $HUM | Humana Inc. Common Stock (HUM)(Common Stock) | $1,0001 - $15,000 | — | $308.43 | — | Mar 27, 2024 |
| SELL | $SONY | Sony Group Corporation American Depository Shares (SONY)(American Depository Shares) | $1,0001 - $15,000 | $17.31 | $22.61 | +30.6% | Mar 27, 2024 |
| SELL | $DT | Dynatrace, Inc. Common Stock (DT)(Common Stock) | $1,0001 - $15,000 | — | $39.69 | — | Mar 27, 2024 |
| SELL | $HUM | Humana Inc. Common Stock (HUM)(Common Stock) | $1,0001 - $15,000 | — | $308.43 | — | Mar 27, 2024 |
| SELL | $SONY | Sony Group Corporation American Depository Shares (SONY)(American Depository Shares) | $1,0001 - $15,000 | $17.31 | $22.61 | +30.6% | Mar 27, 2024 |
Connected Legislative Activity
10 signalsThese bills and contracts share tickers or sectors with this filing's trades.
Living Donor Protection Act of 2025
The Living Donor Protection Act of 2025 (S.1552), reported favorably out of committee and on the Senate calendar, prohibits life, disability, and long-term care insurers from discriminating against living organ donors. This removes an underwriting barrier, expands the insured pool, and drives increased transplant volume. Major managed care and insurance stocks have rallied 9-39% in the last 30 days, with this legislation providing a structural tailwind for revenue growth across the sector.
To amend title XXVII of the Public Health Service Act and the Patient Protection and Affordable Care Act to provide for certain reforms with respect to medical loss ratios and reducing fraudulent enrollment in qualified health plans.
HR7861 (Care Over Profits Act) proposes raising the minimum MLR from 80% to 85% for individual/small group health plans. The bill is early-stage, referred to committee, and faces long odds, with only one cosponsor and no companion in the Senate. Despite the bearish direct impact on insurer margins, major health insurer stocks have rallied 7-40% over the past 30 days, indicating the market is not pricing in legislative risk.
To amend title XVIII of the Social Security Act to establish a full risk ACO program.
HR8129, a bill to create a permanent full risk ACO program in traditional Medicare, is at early legislative stage with low momentum (1 cosponsor, 2 committees). Despite this, the four largest Medicare Advantage insurers ($UNH, $HUM, $CNC, $CVS) have already rallied sharply over 30 days — $CNC +62.34%, $HUM +38.49%, $UNH +35.85%, $CVS +16.05% — indicating investors are pricing in the structural shift to value-based care regardless of this specific bill's passage timeline.
To amend title XVIII of the Social Security Act to ensure stability for provider payments under the Medicare program.
HR8163 (Provider Reimbursement Stability Act) is an early-stage procedural bill that reduces physician fee cut frequency under Medicare budget neutrality rules, directly benefiting Medicare Advantage insurers. $UNH, $CVS, and $HUM have rallied 3-12% in the past week on bipartisan momentum signals, though zero authorized funding means zero direct revenue impact—only regulatory relief.
Dental Care for Veterans Act
The Dental Care for Veterans Act (HR210) expands VA dental eligibility to all enrolled veterans, creating an estimated $5-10B annual procurement opportunity for dental suppliers. The bill has 95 cosponsors and passed committee hearings but no appropriations are authorized. HSIC and XRAY are the strongest structural beneficiaries given their pure-play dental exposure.
To amend the Patient Protection and Affordable Care Act to address fraudulent enrollments in the Exchanges.
HR7860 (Stop ACA Enrollment Fraud Act) is a procedural early-stage bill that directly addresses fraudulent ACA enrollments through mandatory SSN deduplication and agent consent. The four major publicly traded ACA insurers — UnitedHealth, Humana, Cigna, and CVS Health — all stand to benefit from reduced fraud-driven administrative costs, though the bill is still in committee and passage is uncertain.
A bill to ban anticompetitive terms in facility and insurance contracts that limit access to higher quality, lower cost care.
S.4027 bans anti-steering, all-or-nothing, and most-favored-nation contract clauses that hospital systems use to block insurers from directing patients to lower-cost providers. The market has already priced in momentum: $CI +3.7%, $HUM +12.5%, $CVS +6.4% in the past 7 days. Bill is in early stages (referred to HELP Committee) with no spending authorized — the mechanism is pure regulatory leverage shift from hospitals to insurers.
National Programmable Cloud Laboratories Network Act of 2025
The National Programmable Cloud Laboratories Network Act (S.3468) has cleared committee and awaits floor action. The bill authorizes a new NSF-led network of AI-enabled, remotely programmable physical laboratories that will directly increase federal procurement of cloud infrastructure and EDA software. Major cloud providers (AMZN, MSFT, GOOGL) and semiconductor design tool vendors (SNPS, CDNS) are structural beneficiaries. The bill authorizes no specific dollar amount but establishes a program that requires significant ongoing procurement across multiple federal budget cycles.
Ensuring Medicaid Continuity for Children in Foster Care Act of 2026
HR8095 is a narrow technical fix allowing federal Medicaid payments for children in foster care placed in qualified residential treatment programs. The bill authorizes zero funding and is at an early legislative stage (referred to committee). Recent rallies in Medicaid MCO stocks like CNC (+62.37% 30-day) and MOH (+46.63% 30-day) are driven by broader sector dynamics, not this niche bill.
To amend the Internal Revenue Code of 1986 to provide a tax credit to health care professionals that provide health care services in qualifying facilities, and for other purposes.
HR7884 (Healthcare is Human Act of 2026) is an early-stage House bill offering a modest tax credit to healthcare professionals for increased service hours in qualifying facilities. The bill has no appropriation, one cosponsor, and remains in committee. Real market data shows significant bullish movement in healthcare stocks $CVS (+6.65% 7-day, +15.73% 30-day) and $HUM (+12.64% 7-day, +39.82% 30-day) driven by unrelated sector fundamentals, not this legislation. No actionable market impact currently exists from this bill.
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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.