Official portrait: unitedstates/images (public domain; source GPO Member Guide)
Rep. David J. Trone (D-MD)
House · Democrat (most recent term) · MD-6 · in Congress 2019–2025 · Bioguide ID T000483
Party history: D 2019–2025. 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 before entering office (report year 2018) | 2018 | −$7,586,909 | $22,429,045 | $52,444,999 |
| (b) Latest net worth estimate | 2023 | −$46,389,936 | $31,231,030 | $108,851,997 |
| (c) Estimated gain / loss, nominal dollars, 2018 → 2023 (5 years spanned) | 2018–2023 | −$98,834,935 | +$8,801,986 | +$116,438,906 |
Gain Low = latest Low − earliest High; Gain High = latest High − earliest Low (widest possible spread); Mid = latest Mid − earliest Mid.
Reliability flags (net worth): 2018: 1 Schedule A row(s) had the upper bound of the range lost in text extraction; completed from the fixed statutory bracket; 2023: 1 Schedule A row(s) had the upper bound of the range lost in text extraction; completed from the fixed statutory bracket. 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 |
|---|---|---|---|---|---|
| 2018 | $37,429,046 | $15,000,000 | $22,429,045 | −$7,586,909 … $52,444,999 | computed; 1 Schedule A row(s) had the upper bound of the range lost in text extraction; completed from the fixed statutory bracket |
| 2019 | $44,893,044 | $15,000,000 | $29,893,044 | −$4,600,912 … $64,386,999 | computed; 1 Schedule A row(s) had the upper bound of the range lost in text extraction; completed from the fixed statutory bracket |
| 2020 | $96,616,048 | $15,000,000 | $81,616,047 | $12,927,095 … $150,304,999 | computed; 2 Schedule A row(s) had the upper bound of the range lost in text extraction; completed from the fixed statutory bracket |
| 2021 | $95,911,548 | $15,000,000 | $80,911,548 | $13,403,097 … $148,419,999 | computed; 1 Schedule A row(s) had the upper bound of the range lost in text extraction; completed from the fixed statutory bracket |
| 2022 | $78,855,042 | $18,032,502 | $60,822,540 | $1,288,084 … $120,356,997 | computed; 1 Schedule A row(s) had the upper bound of the range lost in text extraction; completed from the fixed statutory bracket |
| 2023 | $76,231,032 | $45,000,002 | $31,231,030 | −$46,389,936 … $108,851,997 | computed; 1 Schedule A row(s) had the upper bound of the range lost in text extraction; completed from the fixed statutory bracket |
- 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.)+23.5%
Simple average of years+23.9%
Years estimated3
Best / worst single year2021 +38%
2023 +15%
2023 +15%
Reliability flags: few years (3); 2/3 years trading-dominated; avg traced coverage 69%; 7 unparsed value(s).
Sensitivity band for the average (all ranges at floor vs. all at ceiling, same holdings both years): +18.0% to +24.8%. 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 |
|---|---|---|---|---|---|---|---|---|---|---|
| 2018→2019 | $6,692,514 | $10,797,516 | $638,658 | $1,660,008 | $3,415,006 | +97.1% | +46.2% … +121.7% | -59% … +253% | 18% | excluded; not eligible: traced coverage 18% < 60%; many new/exited positions |
| 2019→2020 | $23,941,024 | $57,163,530 | $13,590,220 | $7,475,528 | $1,785,010 | +171.8% | +126.2% … +184.8% | -87% … +430% | 53% | excluded; not eligible: traced coverage 53% < 60%; many new/exited positions |
| 2020→2021 | $71,336,524 | $84,207,036 | $16,727,772 | $4,597,528 | $1,913,506 | +37.7% | +32.7% … +38.9% | -116% … +192% | 74% | counted; many new/exited positions |
| 2021→2022 | $68,956,538 | $54,740,531 | $23,733,572 | $7,483,004 | $10,800,008 | +18.6% | +14.8% … +19.6% | -127% … +165% | 72% | counted |
| 2022→2023 | $48,630,016 | $69,219,021 | $17,345,416 | $41,867,015 | $11,430,513 | +15.4% | +7.9% … +17.2% | -233% … +264% | 62% | counted; high turnover (buys+sells > 100% of opening value); 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 |
|---|---|---|---|---|---|---|
| 2018 | 10024172 | House amendment | 7/17/2018 | 132 | 1 | 10024172.pdf6e7169a940502e127a8d0fe59f7319e07458f626df4f12b9cd6e9dfb0019fad3 |
| 2019 | 10036417 | House annual | 8/13/2020 | 111 | 1 | 10036417.pdf8f2b3b9b35d312218945310729ee99db224d037d9ceea4be783fd01a63207e39 |
| 2020 | 10041946 | House annual | 8/13/2021 | 115 | 2 | 10041946.pdf709a16e4b9c585e9c1654a54cb92d91fd4f3b9a55a050b404f8c4634ae69ab48 |
| 2021 | 10046988 | House annual | 5/16/2022 | 122 | 1 | 10046988.pdf8f74df33b6cb45035edd18b805ab4dd0bdb5b6f4f539dafb6e5e60bd7ec23aa7 |
| 2022 | 10052228 | House annual | 5/15/2023 | 114 | 1 | 10052228.pdf7a3a9cf8b23fcb4068d63a7d9536933f0dc75757f82ae66998b671fabe76e7f0 |
| 2023 | 10059089 | House annual | 5/15/2024 | 102 | 1 | 10059089.pdf32be62b9f1f9c69b25e80f0239fa0661986326870758b44422892a30b6dcba08 |
Largest movers 2020→2021
| Position (as written in filing) | Owner | Kind | Opening range(s) | Closing range(s) | Buys (mid) | Sales (mid) |
|---|---|---|---|---|---|---|
| Arizona Fine Wine and Spirits LLC [OL] | — | held | $1,000,001 - $5,000,000 | $50,001 - $100,000 | $0 | $0 |
| JP Morgan Investment Account 2 ⇒ SIX CIRCLES INTL UNCON EQ [MF] | JT | new | — | $1,000,001 - $5,000,000 | $150,001 | $0 |
| JP Morgan Parametric EAFE ⇒ EAFE Equity [HE] | — | new | — | $1,000,001 - $5,000,000 | $175,000 | $0 |
| Taste of New York Beer and Grocery LLC [OL] | — | held | $1,000,001 - $5,000,000 | $250,001 - $500,000 | $0 | $0 |
| Connecticut Fine Wine and Spirits, LLC [OL] | — | held | $500,001 - $1,000,000 | $1,000,001 - $5,000,000 | $0 | $0 |
| Massachusetts Fine Wines and Spirits, LLC [OL] | — | held | $500,001 - $1,000,000 | $1,000,001 - $5,000,000 | $0 | $0 |
| Insurance Trust 1 ⇒ Apple Inc. (AAPL) [ST] | SP | held | $500,001 - $1,000,000 | $1,000,001 - $5,000,000 | $0 | $0 |
| PNC Bank Accounts ⇒ PNC Bank Accounts [BA] | JT | held | $1,000,001 - $5,000,000 | $500,001 - $1,000,000 | $0 | $0 |
Largest movers 2021→2022
| Position (as written in filing) | Owner | Kind | Opening range(s) | Closing range(s) | Buys (mid) | Sales (mid) |
|---|---|---|---|---|---|---|
| JP Morgan Parametric EAFE ⇒ EAFE Equity [HE] | — | held | $1,000,001 - $5,000,000 | $1,001 - $15,000 | $0 | $0 |
| TFWS, Inc. [OL] | — | held | $1,000,001 - $5,000,000 | $250,001 - $500,000 | $0 | $0 |
| Taste of New York Beer and Grocery LLC [OL] | — | held | $250,001 - $500,000 | $1,000,001 - $5,000,000 | $0 | $0 |
| JP Morgan Investment Account 2 ⇒ ISHARES S&P 500 GROWTH ETF [EF] | JT | held | $500,001 - $1,000,000 | $500,001 - $1,000,000 | $3,000,000 | $550,001 |
| JP Morgan Investment Account 2 ⇒ SIX CIRCLES TAX AWARE BND [MF] | JT | held | $1,000,001 - $5,000,000 | None | $0 | $750,000 |
| Insurance Trust 1 ⇒ Apple Inc. (AAPL) [ST] | SP | held | $1,000,001 - $5,000,000 | $500,001 - $1,000,000 | $0 | $0 |
| Arizona Fine Wine and Spirits LLC [OL] | — | held | $50,001 - $100,000 | $500,001 - $1,000,000 | $0 | $0 |
| JP Morgan Investment Account 2 ⇒ ISHARES S&P 500 VALUE ETF [EF] | JT | held | $500,001 - $1,000,000 | $250,001 - $500,000 | $375,000 | $175,000 |
Largest movers 2022→2023
| Position (as written in filing) | Owner | Kind | Opening range(s) | Closing range(s) | Buys (mid) | Sales (mid) |
|---|---|---|---|---|---|---|
| JP Morgan Investment Account ⇒ JPMorgan 100% U.S. Treasury Securities Money Mkt Fd - Inst | JT | new | — | $250,001 - $500,000 | $24,750,002 | $4,675,002 |
| New York Fine Wines & Spirits, LLC [OL] | — | held | $5,000,001 - $25,000,000 | $1,000,001 - $5,000,000 | $0 | $0 |
| Retail Services & Systems, Inc. [OL] | — | held | $1,000,001 - $5,000,000 | $5,000,001 - $25,000,000 | $0 | $0 |
| Colorado Fine Wines & Spirits, LLC [OL] | — | held | $1,000,001 - $5,000,000 | $5,000,001 - $25,000,000 | $0 | $0 |
| JP Morgan Investment Account ⇒ US Treasury Bill 02/22/2024 [GS] | JT | new | — | None | $6,000,001 | $0 |
| JP Morgan Investment Account ⇒ US Treasury Bill 10/17/2023 [GS] | JT | new | — | None | $3,000,000 | $0 |
| JP Morgan Investment Account ⇒ US Treasury Bill 01/18/2024 [GS] | JT | new | — | None | $3,000,000 | $0 |
| JP Morgan Investment Account ⇒ US Treasury Bill 07/20/2023 [GS] | JT | new | — | None | $3,000,000 | $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).