Congressional STOCK Act Filings Reveal Senator Dave McCormick's Municipal Bond & Structured Note Activity in July 2026
Senator Dave McCormick (R-PA) filed STOCK Act disclosures revealing $350K-$750K in structured note purchases plus substantial municipal bond activity in Pennsylvania, including water infrastructure and education sector bonds.
What Happened
Senator Dave McCormick (Republican, Pennsylvania) filed multiple disclosures under the STOCK Act on July 29, 2026 covering a series of municipal bond and structured note transactions executed between mid-June and late July 2026. These filings reveal significant activity in both municipal securities and structured finance products, with McCormick making five notable purchases across different asset classes.
The key trades captured include:
- GS Managed Structured Note Strategy MSCI EAFE Linked Note - Purchase of $100,001-$250,000 on July 21, 2026
- GS Managed Structured Note Strategy MSCI EAFE Linked Note - Purchase of $250,001-$500,000 on July 8, 2026
- PITTSBURGH PA WTR & SWR AUTH WTR & SWR (Municipal Security) - Purchase of $500,001-$1,000,000 on July 22, 2026
- ALLEGHENY CNTY PA GO BDS SER. C (Municipal Security) - Purchase of $500,001-$1,000,000 on July 14, 2026
- POCONO MTN PA SCH DIST GEN OBLIG BDS (Municipal Security) - Purchase of $250,001-$500,000 on July 8, 2026
These filings were reported via public disclosure databases including Capitol Trades and QuiverQuant, which track congressional trading under the STOCK Act's mandatory reporting requirements.
Why It Matters
Concentration in Structured Notes: David McCormick's filings show significant exposure to GS Managed Structured Note Strategy MSCI EAFE Linked Notes totaling approximately $350K-$750K range across two separate purchases. This represents concentrated positioning in structured finance products tied to international equity indices (EAFE refers to Developed Markets ex-US).
Municipal Bond Activity: The senator also made substantial municipal bond purchases, including: - Pittsburgh Water & Sewer Authority ($500K-$1M) - Pennsylvania water infrastructure - Allegheny County General Obligation Bonds ($500K-$1M) - Pennsylvania county bonds - Pocono Mountain School District bonds ($250K-$500K) - Education sector exposure
Disclosure Lag Pattern: All trades were filed on July 29, 2026, demonstrating the STOCK Act's disclosure window. The earliest trade (July 8) was filed approximately three weeks after execution, while the most recent (July 22) was filed within a week. This pattern is typical of congressional trading disclosures.
Sector Focus: McCormick's portfolio shows interest in: - International equity exposure via EAFE-linked structured notes - Pennsylvania municipal bonds (home state focus) - Education sector through school district bonds - Water infrastructure through municipal utilities
Related Congressional Filers
The filing period also saw activity from other members of Congress, including: - Sam Liccardo (CA): Technology sector focus with NVDA position (100 shares sold, $15K-$50K range) - Jared Moskowitz (FL): Diversified approach across AMAT and HCA positions - Sheri Biggs (R): Oaktree Strategic Credit Fund purchases
By the numbers
- Filed Date: July 29, 2026
- Trade Dates Range: July 8, 2026 - July 22, 2026
- NVDA Share Count: 100 shares
- McCormick Structured Note Purchase 1: $100,001 - $250,000
- McCormick Structured Note Purchase 2: $250,001 - $500,000
- McCormick Pittsburgh Water Auth Purchase: $500,001 - $1,000,000
- McCormick Allegheny County Purchase: $500,001 - $1,000,000
- McCormick Pocono Mountain Purchase: $250,001 - $500,000
Source snapshot
This article reports on public STOCK Act disclosures filed by members of Congress. All information is derived from mandatory filings and publicly available disclosure databases. This is informational reporting of public disclosures, not financial advice.
Sources: - https://www.capitoltrades.com/ - https://www.quiverquant.com/congresstrading/