Robert Kaplan Among Most Aggressive Traders Out of Fed Officials in 2020

Source: WSJ

Federal Reserve Bank of Dallas President Robert Kaplan was among the most aggressive in stock trades with multiple holdings valued over $1 million, versus his peers who were more conservative with their moves. BABA is down 1.24%, GOOG up 0.34%, AAPL up 0.34%, AMZN up 0.04%, BA up 1.99%, CVX up 1.02%, FB up 0.37%, and MPC up 1.47%.

• Disclosures indicate that Kaplan had holdings in 27 individual stocks, funds, or alternative assets, each worth over $1 million, in 2020.
• Among the holdings are Alphabet Inc., Apple Inc., Amazon.com Inc., Boeing Co., Facebook Inc., and Marathon Petroleum Corp.
• Kaplan also traded over $1 million in 22 individual shares or investment funds such as Alibaba Group Holding Ltd., Apple, Amazon, Chevron Corp., and General Electric Co.
• Kaplan stepped up as the Dallas Fed chief in 2015, after serving as a professor at the Harvard Business School. He earlier served as vice chairman of Goldman Sachs.
• Other regional Fed officials reported smaller holdings in investment funds and stocks, such as Boston Fed chief Eric Rosengreen who reported stock trades of $50,000 or less.
• Eleven out of the 12 regional banks have released disclosures on their chiefs’ 2020 financial profile so far.