Official portrait: unitedstates/images (public domain; source GPO Member Guide)
Rep. Matt Cartwright (D-PA)
House · Democrat (most recent term) · PA-8 · in Congress 2013–2025 · Bioguide ID C001090
Party history: D 2013–2025. 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 (2020); the member entered office earlier, in 2013 | 2020 | −$502,894 | $5,144,550 | $10,791,995 |
| (b) Latest net worth estimate | 2023 | −$927,883 | $5,142,556 | $11,212,994 |
| (c) Estimated gain / loss, nominal dollars, 2020 → 2023 (3 years spanned) | 2020–2023 | −$11,719,878 | −$1,995 | +$11,715,888 |
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 |
|---|---|---|---|---|---|
| 2020 | $8,702,053 | $3,557,502 | $5,144,550 | −$502,894 … $10,791,995 | computed |
| 2021 | $8,640,550 | $3,547,503 | $5,093,047 | −$591,900 … $10,777,994 | computed; 3 Schedule A row(s) had the upper bound of the range lost in text extraction; completed from the fixed statutory bracket |
| 2022 | $7,586,050 | $3,847,503 | $3,738,546 | −$1,665,901 … $9,142,994 | computed; 1 Schedule A row(s) had the upper bound of the range lost in text extraction; completed from the fixed statutory bracket |
| 2023 | $8,990,058 | $3,847,503 | $5,142,556 | −$927,883 … $11,212,994 | 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.)-3.3%
Simple average of years-2.5%
Years estimated3
Best / worst single year2023 +14%
2022 -17%
2022 -17%
Reliability flags: few years (3); 4 unparsed value(s).
Sensitivity band for the average (all ranges at floor vs. all at ceiling, same holdings both years): -2.0% to -3.9%. 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 |
|---|---|---|---|---|---|---|---|---|---|---|
| 2020→2021 | $7,071,046 | $7,087,540 | $86,773 | $546,526 | $161,007 | -4.0% | -5.4% … -0.6% | -93% … +85% | 81% | counted |
| 2021→2022 | $7,940,548 | $6,514,036 | $126,170 | $120,008 | $40,501 | -17.4% | -18.0% … -15.8% | -93% … +59% | 99% | counted |
| 2022→2023 | $7,153,538 | $8,569,554 | $93,521 | $819,019 | $298,004 | +13.8% | +12.5% … +14.4% | -85% … +113% | 95% | counted; many new/exited positions |
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 |
|---|---|---|---|---|---|---|
| 2020 | 10040351 | House annual | 8/13/2021 | 106 | 0 | 10040351.pdfa05f92c1152684d2970b22c54d9c977951e119e142e5c6212a8b328ce39e178b |
| 2021 | 10050098 | House annual | 8/15/2022 | 128 | 3 | 10050098.pdf62c770caf1c6771092d265ef75a0a74bfea729d2e7b5cf8c952dc2b3bdfa7090 |
| 2022 | 10054702 | House annual | 8/10/2023 | 127 | 1 | 10054702.pdf942501de54b6611faf3232e1adc1d8b0223be07627e51d756adcf34b4b0bc64e |
| 2023 | 10059028 | House annual | 8/13/2024 | 131 | 0 | 10059028.pdfca3c28e5677e48bccd6a687ac707a105325aa006492d97fc94a5d80b198f3fae |
Largest movers 2020→2021
| Position (as written in filing) | Owner | Kind | Opening range(s) | Closing range(s) | Buys (mid) | Sales (mid) |
|---|---|---|---|---|---|---|
| Vanguard Investment Account ⇒ 500 Index Fund [MF] | JT | held | $500,001 - $1,000,000 | $250,001 - $500,000 | $24,002 | $0 |
| Vanguard Investment Account ⇒ Vanguard Growth Index Fund [MF] | JT | held | $250,001 - $500,000 | None | $0 | $0 |
| Vanguard Investment Account ⇒ Value Index Fund [MF] | JT | held | $250,001 - $500,000 | $500,001 - $1,000,000 | $32,002 | $0 |
| Munley Law Profit Sharing Plan ⇒ IShares Broad USD Invt Grade [EF] | SP | held | $50,001 - $100,000 | $100,001 - $250,000 | $0 | $0 |
| Munley Law Profit Sharing Plan ⇒ IShares 0-5 Year High Yield Corp Bond [EF] | SP | held | $50,001 - $100,000 | $100,001 - $250,000 | $0 | $0 |
| Munley Law Profit Sharing Plan ⇒ IShares JPM USD Emerging Markets Bond [EF] | SP | held | $100,001 - $250,000 | $50,001 - $100,000 | $0 | $0 |
| Munley Law Profit Sharing Plan ⇒ IShares IBOXX Invt Grade Corp Bond [EF] | SP | held | $50,001 - $100,000 | $100,001 - $250,000 | $0 | $0 |
| Morgan Stanley Investment Account ⇒ Putnam Ultra Short Duration [MF] | SP | held | $50,001 - $100,000 | None | $0 | $0 |
Largest movers 2021→2022
| Position (as written in filing) | Owner | Kind | Opening range(s) | Closing range(s) | Buys (mid) | Sales (mid) |
|---|---|---|---|---|---|---|
| Vanguard Investment Account ⇒ Treasury Money Market [MF] | JT | held | $250,001 - $500,000 | $100,001 - $250,000 | $0 | $0 |
| Munley Law Profit Sharing Plan ⇒ IShares Broad USD Invt Grade [EF] | SP | held | $100,001 - $250,000 | $50,001 - $100,000 | $0 | $0 |
| Munley Law Profit Sharing Plan ⇒ IShares 0-5 Year High Yield Corp Bond [EF] | SP | held | $100,001 - $250,000 | $50,001 - $100,000 | $0 | $0 |
| Munley Law Profit Sharing Plan ⇒ IShares 3-7 Year Treasury Bond [EF] | — | held | $100,001 - $250,000 | $50,001 - $100,000 | $0 | $0 |
| Munley Law Profit Sharing Plan ⇒ IShares IBOXX Invt Grade Corp Bond [EF] | — | held | $100,001 - $250,000 | $50,001 - $100,000 | $0 | $0 |
| Munley Law Profit Sharing Plan ⇒ IShares 1-3 Treasury Bond [EF] | SP | held | $50,001 - $100,000 | $100,001 - $250,000 | $0 | $0 |
| Munley Law Profit Sharing Plan ⇒ IShares IBOXX Invt Grade Corp Bond [EF] | SP | held | $100,001 - $250,000 | $50,001 - $100,000 | $0 | $0 |
| Munley Law Profit Sharing Plan ⇒ IShares Broad USD Invt Grade [EF] | — | held | $100,001 - $250,000 | $50,001 - $100,000 | $0 | $8,000 |
Largest movers 2022→2023
| Position (as written in filing) | Owner | Kind | Opening range(s) | Closing range(s) | Buys (mid) | Sales (mid) |
|---|---|---|---|---|---|---|
| Munley Law Profit Sharing Plan ⇒ IShares Broad USD Invt Grade [EF] | — | held | $50,001 - $100,000 | $100,001 - $250,000 | $0 | $0 |
| Munley Law Profit Sharing Plan ⇒ IShares JPM USD Emerging Markets Bond [EF] | SP | held | $50,001 - $100,000 | $100,001 - $250,000 | $0 | $0 |
| Munley Law Profit Sharing Plan ⇒ IShares 0-5 Year High Yield Corp Bond [EF] | SP | held | $50,001 - $100,000 | $100,001 - $250,000 | $0 | $0 |
| UBS Investment Account ⇒ UBS Prime Reserves Fund [BA] | JT | new | — | $100,001 - $250,000 | $75,000 | $0 |
| Munley Law Profit Sharing Plan ⇒ IShares IBOXX Invt Grade Corp Bond [EF] | — | held | $50,001 - $100,000 | $100,001 - $250,000 | $0 | $0 |
| Charles Schwab Investment Account ⇒ Schwab Treasury Obligations Money Fund - Investor Shar | JT | new | — | $50,001 - $100,000 | $250,001 | $250,001 |
| Munley Law Profit Sharing Plan ⇒ Vanguard FTSE Emerging Markets [EF] | SP | held | $15,001 - $50,000 | $50,001 - $100,000 | $0 | $0 |
| Charles Schwab Investment Account ⇒ Vanguard Total Stock Market ETF (VTI) [EF] | JT | new | — | $50,001 - $100,000 | $32,500 | $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).