Official portrait: unitedstates/images (public domain; source GPO Member Guide)
Rep. K. Michael Conaway (R-TX)
House · Republican (most recent term) · TX-11 · in Congress 2005–2021 · Bioguide ID C001062
Party history: R 2005–2021. Source: term data in unitedstates/congress-legislators (CC0); party shown is as recorded per term there.
Estimated net worth (from public disclosures)
| Estimate | Report year | Low | Mid | High |
|---|---|---|---|---|
| (a) Estimated net worth at the earliest available report (2013); the member entered office earlier, in 2005 | 2013 | $4,795,317 | $10,831,658 | $16,868,000 |
| (b) Latest net worth estimate | 2019 | $7,011,152 | $13,288,576 | $19,566,000 |
| (c) Estimated gain / loss, nominal dollars, 2013 → 2019 (6 years spanned) | 2013–2019 | −$9,856,848 | +$2,456,918 | +$14,770,683 |
Gain Low = latest Low − earliest High; Gain High = latest High − earliest Low (widest possible spread); Mid = latest Mid − earliest Mid.
Reliability flags (net worth): none for these two endpoints. Included in the recommended dollar-gain ranking.
Net worth by report year (mid; Low–High)
| Report year | Assets (mid) | Liabilities (mid) | Net worth mid | Low … High | Status / flags |
|---|---|---|---|---|---|
| 2013 | $10,831,658 | $0 | $10,831,658 | $4,795,317 … $16,868,000 | computed |
| 2014 | $11,572,171 | $0 | $11,572,171 | $5,228,342 … $17,916,000 | computed |
| 2015 | $11,341,680 | $0 | $11,341,680 | $5,012,359 … $17,671,000 | computed; 2 Schedule A row(s) had the upper bound of the range lost in text extraction; completed from the fixed statutory bracket |
| 2016 | $11,233,590 | $0 | $11,233,590 | $5,496,180 … $16,971,000 | computed; 1 Schedule A row(s) had the upper bound of the range lost in text extraction; completed from the fixed statutory bracket |
| 2017 | $12,362,088 | $0 | $12,362,088 | $6,342,176 … $18,382,000 | computed |
| 2018 | $12,417,090 | $0 | $12,417,090 | $6,302,179 … $18,532,000 | computed |
| 2019 | $13,288,576 | $0 | $13,288,576 | $7,011,152 … $19,566,000 | computed |
- What this is: Net worth = Schedule A assets (each value range at its midpoint; low–high range shown) minus Schedule D liabilities (midpoints / ranges). Low = assets at range floors minus liabilities at range ceilings; Mid = midpoints; High = assets at ceilings minus liabilities at floors. Low and High are outer bounds of the reported ranges, not likely outcomes.
- What it excludes / understates: exact values (only ranges are reported); a personal residence is not reported as an asset (although a mortgage on it may be listed as a liability, which then lowers the estimate); retirement and federal accounts (e.g. Thrift Savings Plan, defined-benefit pensions) are only partly or not reported; assets of excepted/blind trusts, cash held below reporting thresholds, vehicles, household goods and most spouse/dependent items exempt from reporting are not included; liabilities on a personal residence, revolving credit under thresholds and loans to family may be omitted by filers.
- Open-ended top ranges (e.g. “Over $50,000,000”) are counted at their lower bound and flagged, so such values are understated.
- The change is a change in estimated net worth in nominal dollars (no inflation adjustment). It includes salary, gifts, inheritances, business income and re-valuation as well as investment results, and it is subject to range-bracket noise; it is not an investment return and implies nothing about conduct.
Read this first. Members report asset values only as ranges (e.g. “$15,001 – $50,000”), never exact dollars. Every figure below is an estimate computed from range midpoints, not a measured return. Figures cannot be interpreted as investment performance, and they do not show wrongdoing or skill. Methodology and limitations are at the end and in the project README. Sources: public financial disclosure reports filed with the Clerk of the U.S. House of Representatives and/or the Secretary of the Senate (Senate eFD), linked below.
Avg. annual change (geometric, est.)-12.4%
Simple average of years-11.8%
Years estimated6
Best / worst single year2014 +5%
2019 -29%
2019 -29%
Reliability flags: 3 unparsed value(s).
Sensitivity band for the average (all ranges at floor vs. all at ceiling, same holdings both years): -12.9% to -12.3%. This band is narrow because it moves both years together; the true uncertainty is larger — see the per-year “strict envelope” column and the limitations.
Estimated year-over-year change
Bars: midpoint estimate; whisker: same-position floor/ceiling band. Axis clipped to −100%…+150%. Years with insufficient traceable holdings are omitted.
| Year (t−1 → t) | Opening value (mid) | Closing value (mid) | Income (mid) | Buys (mid) | Sales (mid) | Est. gain | Same-position band | Strict envelope | Traced coverage | Status / flags |
|---|---|---|---|---|---|---|---|---|---|---|
| 2013→2014 | $10,195,651 | $10,106,650 | $824,462 | $590,024 | $404,018 | +5.4% | +4.3% … +5.7% | -119% … +129% | 94% | counted |
| 2014→2015 | $10,577,664 | $8,851,119 | $225,364 | $540,013 | $452,008 | -15.0% | -15.9% … -14.8% | -124% … +94% | 91% | counted |
| 2015→2016 | $10,150,165 | $7,905,562 | $231,719 | $843,024 | $1,715,084 | -11.2% | -12.5% … -10.9% | -130% … +108% | 92% | counted |
| 2016→2017 | $9,534,574 | $8,459,559 | $242,184 | $359,011 | $265,512 | -9.7% | -10.9% … -9.4% | -115% … +96% | 85% | counted |
| 2017→2018 | $12,048,084 | $10,745,573 | $281,947 | $739,022 | $370,017 | -11.5% | -13.9% … -10.7% | -112% … +89% | 97% | counted |
| 2018→2019 | $8,104,575 | $5,732,040 | $340,508 | $338,504 | $48,502 | -28.7% | -29.7% … -25.8% | -106% … +48% | 65% | counted |
Filings used
Each annual-report year uses one filing (most recently filed version among originals/amendments whose Schedule A row count is ≥ 40% of the largest). Electronic (text) PDFs are parsed. Scanned/image-only filings are OCR-read and used only if they pass the explicit validation gates described in the project README (value/income coverage, two-engine agreement, exact bracket snapping, page completeness, year-to-year position continuity); such years are labelled OCR-derived below. Scanned filings that fail validation are listed as “insufficient data – scanned”.
| Report year | Doc ID | Type | Filed | Schedule A rows | Rows with unparsed value | Source (official filing) / SHA-256 |
|---|---|---|---|---|---|---|
| 2013 | 10004694 | House amendment | 4/21/2015 | 328 | 0 | 10004694.pdf4d74b2a075fb34c9e188a717a1f4615a6cf675b53c3e50508c58544ff8bd692a |
| 2014 | 10006377 | House annual | 8/13/2015 | 373 | 0 | 10006377.pdf4b5df7ca79ad346c920d6b61146927dbae998686937ae163c1b894efb70cc95f |
| 2015 | 10014085 | House amendment | 9/28/2016 | 493 | 2 | 10014085.pdfbf41e706ac73bbbfade6b08b4efbd17ebe1d52a19f9cd6a59035c4ed8be4c327 |
| 2016 | 10018749 | House amendment | 8/29/2017 | 439 | 1 | 10018749.pdf2590cfaab2fd29f6714eeae6ebae6e5d7d64a02d404aee9645d1881f772ff67c |
| 2017 | 10020452 | House annual | 8/10/2018 | 239 | 0 | 10020452.pdf56a98955b4b2014cbce3cf8edc5a80fdb29fb03a05556dbdac0df6ec19dc303c |
| 2018 | 10026011 | House annual | 8/13/2019 | 227 | 0 | 10026011.pdf4c991a0fd948ef027adba034b3abfbc0cb9d63df13e0003ea19f8afad25d8983 |
| 2019 | 10035501 | House annual | 8/12/2020 | 290 | 0 | 10035501.pdfdd9eaa311176a9b2d1745c0456f9f4c4909f3638dc9a8a2cc4ff5a5fdfdbbd34 |
Largest movers 2016→2017
| Position (as written in filing) | Owner | Kind | Opening range(s) | Closing range(s) | Buys (mid) | Sales (mid) |
|---|---|---|---|---|---|---|
| Trust M69 (Merrill Lynch) ⇒ SP500 CLIRN 14.54 [OT] | SP | held | $100,001 - $250,000 | None | $0 | $0 |
| SP M40 (Merrill Lynch) ⇒ SP500 C LIRN Issuer bac 14.54% [OT] | — | held | $100,001 - $250,000 | None | $0 | $0 |
| SP M40 (Merrill Lynch) ⇒ SP500 CLIRN Issuer bac 19.85% [OT] | SP | held | $100,001 - $250,000 | None | $0 | $0 |
| SP M40 (Merrill Lynch) ⇒ SP500 Suns Issurer 16.30% [OT] | SP | held | $100,001 - $250,000 | None | $0 | $0 |
| Trust M69 (Merrill Lynch) ⇒ SP500 CLIRN 14.04 [OT] | SP | held | $100,001 - $250,000 | None | $0 | $0 |
| SP E62 (Edward Jones) ⇒ INVESCO HIGH YIELD MUNICIPaL: FUND CL a [MF] | SP | held | $50,001 - $100,000 | $100,001 - $250,000 | $0 | $0 |
| SP E62 (Edward Jones) ⇒ Tax Exempt Bond Fund CL a [MF] | SP | held | $50,001 - $100,000 | $100,001 - $250,000 | $0 | $0 |
| SP E62 (Edward Jones) ⇒ Investment Company of america Fund CL a [MF] | SP | held | $50,001 - $100,000 | $100,001 - $250,000 | $0 | $0 |
Largest movers 2017→2018
| Position (as written in filing) | Owner | Kind | Opening range(s) | Closing range(s) | Buys (mid) | Sales (mid) |
|---|---|---|---|---|---|---|
| Royalties ⇒ Beulah Coleman [OT] | JT | held | $100,001 - $250,000 | $250,001 - $500,000 | $0 | $0 |
| SP M40 (Merrill Lynch) ⇒ SP500 STEPUP ISSUER HSBC STEP 35.00% SV 2,296.68 DUE 01/27/23 [OT | — | held | $100,001 - $250,000 | None | $0 | $0 |
| SP M40 (Merrill Lynch) ⇒ R2000 CLIRN ISSUER BaC CaP 17.92% SV 1,334.341 DUE 11/21/18 [OT] | — | held | $50,001 - $100,000; $50,001 - $100,000 | None | $0 | $0 |
| SP E62 (Edward Jones) ⇒ Growth Fund of america CL a [MF] | SP | held | $50,001 - $100,000 | $100,001 - $250,000 | $0 | $0 |
| SP M40 (Merrill Lynch) ⇒ Bank of america Bank Deposit Program [Ba] | SP | held | $50,001 - $100,000 | $100,001 - $250,000 | $0 | $0 |
| SP E62 (Edward Jones) ⇒ UIT FIRST TRUST DIVERSIFIED: INC & GRWTH PRT FaLL 2015 SER [OT] | — | held | $100,001 - $250,000 | $50,001 - $100,000 | $0 | $0 |
| Trust M69 (Merrill Lynch) ⇒ SP500 STEPUP ISSUER HSBC STEP 35.00% SV 2,296.68 DUE 01/27/23 | — | held | $15,001 - $50,000; $15,001 - $50,000; $15,001 - $50,000 | None | $0 | $0 |
| SP M40 (Merrill Lynch) ⇒ Davis NY Venture FD [MF] | SP | held | $50,001 - $100,000 | None | $0 | $0 |
Largest movers 2018→2019
| Position (as written in filing) | Owner | Kind | Opening range(s) | Closing range(s) | Buys (mid) | Sales (mid) |
|---|---|---|---|---|---|---|
| Royalties ⇒ Beulah Coleman [OT] | JT | held | $250,001 - $500,000 | $15,001 - $50,000 | $0 | $0 |
| SP M40 (Merrill Lynch) ⇒ Bank of america Bank Deposit Program [Ba] | SP | held | $100,001 - $250,000 | None | $0 | $0 |
| JT M06 (Merrill Lynch) ⇒ JP Morgan Chase & Co. (JPM) [ST] | JT | held | $100,001 - $250,000 | None | $0 | $0 |
| SP M40 (Merrill Lynch) ⇒ SP500 aRN ISSUER BOFa CaP 13.92% SV 2,737.76 DUE 01/31/20 [OT] | — | held | $100,001 - $250,000 | None | $0 | $0 |
| SP M40 (Merrill Lynch) ⇒ R2000 CLIRN ISSUER CIBC CaP 16.00% SV 1,417.127 DUE 04/26/19 [OT] | — | held | $100,001 - $250,000 | None | $0 | $0 |
| WF 95 (Wells Fargo Financial) ⇒ SPDR S&P Dividend ETF (SDY) [ST] | — | new | — | $100,001 - $250,000 | $75,000 | $0 |
| SP E62 (Edward Jones) ⇒ UIT FIRST TRUST DIVERSIFIED: INC & GRWTH PRT FaLL 2015 SER [OT] | — | held | $50,001 - $100,000 | $100,001 - $250,000 | $0 | $0 |
| SP M40 (Merrill Lynch) ⇒ SPDR S&P 500 (SPY) [ST] | SP | held | $50,001 - $100,000 | None | $0 | $0 |
Method (summary)
- Schedule A asset rows are read from each annual report; the dollar range for each row is converted to its midpoint. Open-ended top ranges (“Over $50,000,000”) are excluded from the traced set and counted as a coverage loss.
- Positions are matched year to year by owner code (self/SP/DC/JT) + normalised asset name. A position that appears only in year t is included only if Schedule B shows a purchase of it in year t (opening value 0); a position that disappears is included only if Schedule B shows a sale (closing value 0). Otherwise it is excluded as unexplained.
- Estimated gain = (closing − opening + reported income − purchases + sale proceeds) ÷ opening, all at midpoints, for the traced positions. “Capital gains” income is not added again (it is already in value change and sale proceeds).
- A year counts only if traced opening value ≥ $50,000 and traced coverage ≥ 60% of the opening midpoint. A member is ranked only with ≥ 3 such years (exactly 2 = “limited data”, shown but unranked). Average = geometric mean of (1+yearly estimate).
Limitations
- Ranges are wide (up to a factor of 5 or more, and up to $50M+ open-ended); a holding can move between ranges without any real change in value, and stay in a range while moving materially. Yearly estimates are therefore noisy; the “strict envelope” shows the mathematical worst/best case and is typically wider than ±100%.
- Purchases and sales are only disclosed as ranges and only for transactions over $1,000; partial sales, dividend reinvestment, spousal/dependent accounts and retirement-plan funds are reported inconsistently. Excepted/blind trusts, personal residences and certain pensions are not reported at all.
- Filers sometimes change how they list assets (e.g. listing a brokerage account vs. its individual holdings), which can make positions untraceable across years; these are excluded rather than guessed.
- Asset values in an annual report are as of Dec 31 of the reporting year; the report year t−1→t covers that calendar year. Late or amended filings are used when filed; extensions can delay them.
- The text of these reports is machine-parsed from PDFs; parse errors are possible. Every number links back to the cited filing. This is not investment advice.
- Use of these filings is restricted by 5 U.S.C. § 105(c) (no unlawful, commercial or credit-rating purpose, and none for solicitation of money).
Generated 2026-10-01 by an automated pipeline. Data: Office of the Clerk, U.S. House of Representatives (disclosures-clerk.house.gov); member roster: unitedstates/congress-legislators (CC0).