The Executive Branch's STOCK Act Nobody Reads
Congress's trades get tracked by a small industry. But Cabinet secretaries, agency heads and senior officials file the same kind of periodic transaction report — OGE Form 278-T — into a system with no API and, until now, no structured public dataset. GovGreed parses them from the primary source, weekly: 5,675 transactions by 86 filers, across three administrations (2020–2026).
The single biggest trader isn't a household name: Frank Bisignano, the Social Security Commissioner and former Fiserv CEO, disclosed ~$1.12 billion across 127 transactions in 2025 — nearly three times the next-largest trader in the file.
| # | Official | Transactions | Est. Volume | ||||
|---|---|---|---|---|---|---|---|
Congress, Cabinet, President — one ledger
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What a 278-T Is — and Why Nobody Was Reading Them
When a member of Congress trades a stock, the STOCK Act gives them 45 days to disclose it, and an ecosystem of trackers reads every filing. When a Cabinet secretary trades a stock, they file an OGE Form 278-T — functionally the same periodic transaction report — into the Office of Government Ethics' filing system: a scraper-hostile Lotus Notes application with no API, no feed, and no tracker industry watching it.
GovGreed found the system's one clean seam — an XML view of the e-filed documents — and the fact that e-filed 278-T PDFs carry a real text layer. That makes the parse deterministic: no OCR, no language model, no vendor feed. The collector runs weekly.
Reading the leaderboard honestly
- It's three administrations, not one. Trump-1 filers (Barbara Barrett, Betsy DeVos), Biden-era filers (Eric Lander — 271 transactions — Chris Inglis), and the current administration. Officials of both parties trade in office.
- Names are normalized. OGE files the same person under two formats ("Wright, Christopher A" and "Christopher A Wright"); we merge them. 86 filer names resolve to roughly 81 people.
- Values are brackets. The form discloses ranges. Rankings use bracket midpoints, labeled as estimates; per-row displays show the disclosed floor.
- A big number isn't an accusation. Bisignano's $1.1B reflects a former Fortune-500 CEO's portfolio in motion, much of it divestiture-driven. We publish who traded what and when; conclusions are yours.
Go deeper: the President's 14,545 parsed transactions · Cabinet holdings & net worth · the congressional wealth leaderboard · congressional trading statistics.
Frequently Asked Questions
Do Cabinet members have to disclose stock trades?
Yes — OGE Form 278-T, within 30 days of being notified of the trade (at most 45 from the trade itself). The rule is real; the audience wasn't. These filings had no structured public dataset until this one.
Who trades the most in the executive branch?
By estimated volume: Bisignano (SSA, ~$1.12B/127), Lutnick (Commerce, ~$379M/30), McMahon (Education, ~$376M/156), Barrett (Air Force 2020, ~$313M/132), President Trump (~$297M/702 on 278-Ts alone), Isaacman (~$289M/147) and Phelan (Navy, ~$204M/191).
Is this a partisan dataset?
No. It spans Trump-1, Biden and current-administration filers under the identical disclosure regime. The Biden-era science adviser Eric Lander filed 271 transactions; the pattern of officials trading in office is structural, not partisan.
Why don't some officials appear?
A 278-T only exists if the official traded (or was notified of a trade in a managed account) while in office. Officials who divested into cash or diversified funds at confirmation — the standard ethics-agreement path — may never file one.
How fresh is this?
The collector runs weekly against OGE's filing system, and this page reads live from the database on every load. Static text on this page was verified 2026-07-14.
Not financial advice. All data from public federal disclosures. GovGreed reports disclosed financial information and does not allege that any person violated any law.