Speaker Emerita Nancy Pelosi is reportedly among millions of Americans whose stock portfolios were hit hard by a sharp market selloff following President Donald Trump’s newly announced tariffs.

Pelosi’s reported losses are notable in the sense that amateur traders often attempt to emulate her success.

One of the men who tracks that success, Quiver Quantitative co-founder Chris Kardatzke, said that the California Democrat was not immune to the market bloodshed to end the trading week in comments to the Daily Mail.

The Dow plunged more than 1,600 points Thursday and another 2,200 Friday amid uncertainty over Trump’s newly announced tariffs on the country’s allies and adversaries.

According to Kardatzke, Pelosi lost an estimated $7 million during the selloff, which hit tech stocks particularly hard.

Accounting for losses incurred Thursday and Friday, Kardatzke said, Pelosi’s total net worth “has now fallen by approximately $23M since the start of the year.”

He added, “Per our live portfolio estimates, Apple is currently Pelosi’s largest stock holding.”

Friday, Apple shares closed down 7.29 percent.

Quiver’s Pelosi Tracker offers amateur traders insight into Pelosi’s market activity, which in recent years has seen her invest heavily in companies such as Nvidia, Google, Microsoft, and Tesla.

Kardatzke’s company estimates Pelosi’s net worth still sits at $239.78M – even after losses that wiped out trillions of dollars in market cap to end the week.

Quiver reported Pelosi’s last trade was conducted on Jan. 14, when she purchased between $250,000 and $500,000 in Amazon call options.

The 84-year-old reportedly bought 50 call options with a strike price of $150. The options expire on Jan. 16 of next year.

Pelosi’s net worth and investment activity have made her a central figure in debates over whether elected officials should be allowed to trade stocks while in office.

Sen. Josh Hawley (R-MO) introduced the Preventing Elected Leaders from Owning Securities and Investments (PELOSI) Act in 2023 but it failed to gain any traction.

While Pelosi has consistently come under fire for alleged insider trading, the issue is bipartisan.

Former GOP senator and current Small Business Administration head Kelly Loeffler dumped retail stocks in favor of investments in healthcare companies just before the Covid pandemic decimated global markets in 2020.

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