Top Government Contracts, Congress Trades & Citadel's Q1 Boom

In this newsletter, we will be covering the latest government contracts awarded and highlight our Top Government Contracts Recipient Strategy.

Using our data, we provide an in-depth look at the implications of these government awards on the market and investor strategies.

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In this newsletter, we also cover recent notable Congress trades, run you through our Alternative Data Roundup and discuss Citadel Securities’ whopping 68% revenue surge in the first quarter of 2024.

GOVERNMENT CONTRACTS RECIPIENTS STRATEGY

Quiver Government Contracts Strategy

This strategy selects the top 20 recipients of government contracts, weighted by the values of the announced contracts.

Each company's government contracts are measured with an exponential moving average to favor more recent contracts, while still considering older contracts. This portfolio is rebalanced at the start of every month.

This strategy has returned 5% in the last 30 days and nearly 29% in the last year. Recently Opened Positions:

• Tetra Tech (added 5/1)
• Northrop Grumman (added 4/1)

Tetra Tech (TTEK)

Tetra Tech: is a leading provider of consulting and engineering services, focusing on water, environment, sustainable infrastructure, renewable energy, and international development. The company delivers innovative solutions to complex problems, assisting clients in both the public and private sectors.

TTEK has been awarded 4 contracts this month all by the Environmental Protection Agency bringing it’s 3 month total to nearly $54M and 1-year total to nearly $179M

Nelnet (NNI)

NNI has been awarded 2 contracts totaling nearly $87M. An $85.1M contract 3/27/2024 and a supplemental award 5/1/2024 for “work within scope” totaling $1.7M (not included in image above)

For more information check out our Government Contracts dashboard below ??

Quiver Government Contracts Strategy

NOTABLE CONGRESS TRADES

Congress Trading Dashboard

We've been writing code to track politicians' performance in the stock market.

Here are the members of Congress who made the most money this week, per our estimates:

• Representative Josh Gottheimer has disclosed a purchase of stock in Fair Isaac Corporation, FICO is a credit scoring service.
• It has risen +22% since.

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