Adrian Smith's Congressional STOCK Act Filing Reveals Carter Baldwin Investment
Representative Adrian Smith filed a STOCK Act disclosure revealing his purchase of Carter Baldwin shares, a credit card processing company, with a disclosed size range of $15,000–$50,000.
What Happened
On July 28, 2026, Representative Adrian Smith (Republican, Nebraska) filed a disclosure under the STOCK Act revealing his purchase of shares in Carter Baldwin, a credit card processing company. The filing was made on Capitol Trades and reported a transaction executed on July 13, 2026, with a disclosed size range of $15,000–$50,000.
The trade details show: - Filer: Adrian Smith (Republican, U.S. House of Representatives, Nebraska) - Role: Member of Congress; prominent congressional trader with significant filing history - Ticker/Asset: CARTERBALDWIN (Non-Public Stock - private company shares) - Transaction Type: BUY - Disclosed Size Range: $15,000–$50,000 - Trade Date: July 13, 2026 - Disclosure Date: July 28, 2026 (filed within the 45-day STOCK Act window)
The filing summary indicates a volume of $33K traded at 09:05 on July 12, 2026, with the filing published between July 27-28, 2026 — approximately 14 days after execution. This disclosure was part of a batch containing up to 15 trades from the same filing period.
Why It Matters
This filing is notable for several reasons:
Non-Public Stock: Unlike typical public equity trades, this involves private company stock, which is less common in congressional disclosures. The STOCK Act requires members of Congress to disclose trades, but private company shares represent a different category of investment activity.
Prominent Filer: Adrian Smith is among the most active and visible congressional traders under the STOCK Act. His trading history has been closely watched by investors and analysts who monitor congressional portfolios for potential conflicts of interest or market-moving information.
Timing: The trade was executed on July 12, 2026, and disclosed on July 28, 2026 (approximately 14 days after execution). This falls well within the STOCK Act's 45-day disclosure window, demonstrating compliance with federal reporting requirements.
The filing reveals that Smith has invested in Carter Baldwin, a credit card processing company. While the exact amount is not disclosed — only the range of $15K–$50K — the investment suggests confidence in the company's prospects or potential connection to his legislative interests.
What to Watch
Investors and analysts should monitor: - Subsequent filings: Any additional trades by Adrian Smith or other members of Congress involving Carter Baldwin or related companies - Legislative activity: Whether Smith has any pending legislation that could affect credit card processing or financial services sectors - Trading patterns: The frequency and timing of Smith's congressional trades, which have historically attracted scrutiny - Market impact: Whether the disclosure coincides with significant price movements in Carter Baldwin or related securities
The STOCK Act requires all members of Congress to disclose stock trades within 45 days of execution. This transparency is designed to prevent conflicts of interest and maintain public trust in elected officials' financial dealings. The filing on Capitol Trades provides a public record of these transactions, allowing investors and journalists to track congressional trading activity.
Note: This article reports on public disclosures filed under the STOCK Act. STOCK Act filings report size ranges, not exact amounts. The disclosed range of $15K–$50K represents the regulatory reporting window for this transaction. This is informational reporting of public disclosures, not financial advice.
By the numbers
Source snapshot
Sources: - Capitol Trades Trade Detail Page: https://www.capitoltrades.com/trades/20003801588 - Capitol Trades Main Site: https://www.capitoltrades.com/