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Louisiana Congressman Drops $750K on Netflix While Skipping Tesla in His Tech Stock Spree

MarketDash Editorial Team
17 days ago
Rep. Cleo Fields has been on a buying spree with Magnificent Seven stocks, but his latest purchases show a curious preference for Netflix over Tesla, potentially reviving memories of the old FAANG era.

Louisiana Congressman Cleo Fields (D-La.) has been making waves with his technology stock purchases throughout 2025, dumping millions into the Magnificent Seven. But his latest moves suggest he might be channeling some old-school FAANG energy, with Netflix emerging as a clear favorite alongside his other big tech bets.

Following the Money: Fields' Recent Stock Purchases

The latest government trading disclosures reveal an interesting shift in Fields' strategy. While he's been aggressively buying Magnificent Seven stocks all year, his most recent purchases tell a slightly different story.

Here's what Fields has been buying:

The Apple purchase represents one of Fields' smaller Magnificent Seven investments in recent memory. More notably, this marks a rare disclosure period in 2025 where he didn't go all-in on multiple Magnificent Seven names at once.

But Netflix? That's getting serious attention. Fields previously disclosed another $100,000 to $250,000 Netflix purchase on Oct. 31. Combined with the Nov. 3 transaction, that's three sizable Netflix buys in less than a month, totaling somewhere between $300,000 and $750,000.

Earlier disclosures paint a picture of someone who clearly believes in big tech. Fields recently bought shares of NVIDIA Corporation (NVDA), Apple (AAPL), and Alphabet Inc. (GOOG)(GOOGL). His August and September filings showed millions flowing into Magnificent Seven stalwarts including Nvidia, Apple, Alphabet, Microsoft Corporation (MSFT), Amazon.com Inc. (AMZN), and Meta Platforms (META).

The Tesla-Sized Hole in His Portfolio

What's conspicuously absent? Tesla Inc. (TSLA). Fields hasn't touched the electric vehicle maker all year, making it the lone Magnificent Seven holdout in his portfolio. Whether that's due to concerns about the company's valuation, political considerations surrounding CEO Elon Musk, or simple portfolio preference remains unclear.

So what's driving the Netflix enthusiasm? The streaming giant has been delivering solid subscriber growth and building out its advertising business, which could make it an attractive play for someone betting on the future of entertainment. Or maybe Fields just really enjoyed the latest season of "Squid Game" and "Stranger Things" and decided to put his money where his viewing habits are. Either way, he's clearly bullish.

FAANG Makes a Comeback?

Fields' buying pattern is interesting because it blends the old guard with the new. His combination of Netflix purchases alongside his Magnificent Seven investments might trigger nostalgia for investors who remember when "FAANG" ruled the market.

Jim Cramer coined the FAANG acronym back in 2013, grouping together Facebook (now Meta Platforms), Apple, Amazon, Netflix, and Google (now Alphabet). As market caps shifted and companies rebranded, the acronym lost some of its cultural cache. Cramer even tried to revive it as "MAMAA"—swapping Netflix for Microsoft—but that never quite caught on.

Eventually, most FAANG stocks found their way into the Magnificent Seven, today's preferred basket of mega-cap tech stocks. The current lineup includes Alphabet, Amazon, Apple, Meta, Microsoft, Nvidia, and Tesla.

Based on Fields' disclosed trades, he's essentially created his own eight-stock basket: Alphabet, Amazon, Apple, Meta, Microsoft, Netflix, Nvidia, and Taiwan Semiconductor Manufacturing (TSM). These are the companies he's been buying in significant size, creating a portfolio that spans both the Magnificent Seven (minus Tesla) and adds Netflix and TSMC for good measure.

Unfortunately, there's no catchy acronym for this particular combination. MANAMANT doesn't exactly roll off the tongue, and it's unlikely to trend on social media anytime soon. But Fields doesn't seem particularly concerned about branding—he's just buying what he believes in.

Whether Fields is making a contrarian bet on Netflix's potential or simply expressing confidence in a broader basket of tech leaders, his trading activity offers a window into how at least one member of Congress is positioning for the future. And that future, apparently, includes a lot more streaming content than electric vehicles.

Back to News

Louisiana Congressman Drops $750K on Netflix While Skipping Tesla in His Tech Stock Spree

MarketDash Editorial Team
17 days ago
Rep. Cleo Fields has been on a buying spree with Magnificent Seven stocks, but his latest purchases show a curious preference for Netflix over Tesla, potentially reviving memories of the old FAANG era.

Louisiana Congressman Cleo Fields (D-La.) has been making waves with his technology stock purchases throughout 2025, dumping millions into the Magnificent Seven. But his latest moves suggest he might be channeling some old-school FAANG energy, with Netflix emerging as a clear favorite alongside his other big tech bets.

Following the Money: Fields' Recent Stock Purchases

The latest government trading disclosures reveal an interesting shift in Fields' strategy. While he's been aggressively buying Magnificent Seven stocks all year, his most recent purchases tell a slightly different story.

Here's what Fields has been buying:

The Apple purchase represents one of Fields' smaller Magnificent Seven investments in recent memory. More notably, this marks a rare disclosure period in 2025 where he didn't go all-in on multiple Magnificent Seven names at once.

But Netflix? That's getting serious attention. Fields previously disclosed another $100,000 to $250,000 Netflix purchase on Oct. 31. Combined with the Nov. 3 transaction, that's three sizable Netflix buys in less than a month, totaling somewhere between $300,000 and $750,000.

Earlier disclosures paint a picture of someone who clearly believes in big tech. Fields recently bought shares of NVIDIA Corporation (NVDA), Apple (AAPL), and Alphabet Inc. (GOOG)(GOOGL). His August and September filings showed millions flowing into Magnificent Seven stalwarts including Nvidia, Apple, Alphabet, Microsoft Corporation (MSFT), Amazon.com Inc. (AMZN), and Meta Platforms (META).

The Tesla-Sized Hole in His Portfolio

What's conspicuously absent? Tesla Inc. (TSLA). Fields hasn't touched the electric vehicle maker all year, making it the lone Magnificent Seven holdout in his portfolio. Whether that's due to concerns about the company's valuation, political considerations surrounding CEO Elon Musk, or simple portfolio preference remains unclear.

So what's driving the Netflix enthusiasm? The streaming giant has been delivering solid subscriber growth and building out its advertising business, which could make it an attractive play for someone betting on the future of entertainment. Or maybe Fields just really enjoyed the latest season of "Squid Game" and "Stranger Things" and decided to put his money where his viewing habits are. Either way, he's clearly bullish.

FAANG Makes a Comeback?

Fields' buying pattern is interesting because it blends the old guard with the new. His combination of Netflix purchases alongside his Magnificent Seven investments might trigger nostalgia for investors who remember when "FAANG" ruled the market.

Jim Cramer coined the FAANG acronym back in 2013, grouping together Facebook (now Meta Platforms), Apple, Amazon, Netflix, and Google (now Alphabet). As market caps shifted and companies rebranded, the acronym lost some of its cultural cache. Cramer even tried to revive it as "MAMAA"—swapping Netflix for Microsoft—but that never quite caught on.

Eventually, most FAANG stocks found their way into the Magnificent Seven, today's preferred basket of mega-cap tech stocks. The current lineup includes Alphabet, Amazon, Apple, Meta, Microsoft, Nvidia, and Tesla.

Based on Fields' disclosed trades, he's essentially created his own eight-stock basket: Alphabet, Amazon, Apple, Meta, Microsoft, Netflix, Nvidia, and Taiwan Semiconductor Manufacturing (TSM). These are the companies he's been buying in significant size, creating a portfolio that spans both the Magnificent Seven (minus Tesla) and adds Netflix and TSMC for good measure.

Unfortunately, there's no catchy acronym for this particular combination. MANAMANT doesn't exactly roll off the tongue, and it's unlikely to trend on social media anytime soon. But Fields doesn't seem particularly concerned about branding—he's just buying what he believes in.

Whether Fields is making a contrarian bet on Netflix's potential or simply expressing confidence in a broader basket of tech leaders, his trading activity offers a window into how at least one member of Congress is positioning for the future. And that future, apparently, includes a lot more streaming content than electric vehicles.