Senator Markwayne Mullin is making waves again with his stock portfolio. The Oklahoma Republican and prominent Trump ally just disclosed a batch of November trades that have retail investors taking notice, particularly a substantial bet on Capital One Financial Corp (COF).
Breaking Down the Senator's Moves
On Nov. 10, Mullin executed four separate transactions that reshaped portions of his portfolio. The headline move was a purchase of $50,000 to $100,000 in Capital One Financial (COF) shares, marking his most significant financial sector play in recent months.
The senator also picked up $15,000 to $50,000 worth of Pentair PLC (PNR) shares, the water treatment and equipment company. But it wasn't all buying. Mullin completely liquidated two positions, selling $15,000 to $50,000 each in CSX Corp (CSX) and Zoetis (ZTS). Those weren't partial sales—he dumped his entire stakes in both companies.
The November activity follows a pattern of active portfolio management. Earlier disclosures showed Mullin selling off multiple stocks throughout the month, with one notable exception: a whopping $250,000 to $500,000 purchase of Microsoft Corporation (MSFT) stock, his biggest buy of 2025.
Why Investors Are Watching Closely
Mullin's trades attract more attention than your average senator's portfolio shuffling, and for good reason. His close relationship with President Donald Trump combined with his committee assignments creates a situation where his stock picks could theoretically benefit from inside knowledge of government priorities.
The senator sits on some pretty powerful committees: Appropriations, Armed Services, Indian Affairs, and Health, Education, Labor and Pensions. He's also involved in various subcommittees. The Armed Services role is particularly sensitive—trades in defense contractors or companies positioned to benefit from military spending naturally raise eyebrows about potential conflicts of interest.
And Mullin hasn't exactly had a spotless disclosure record. Earlier this year, he violated the STOCK Act by reporting 2023 transactions two years late in 2025. That's not a paperwork mixup—that's a legal violation designed to prevent exactly the kind of trading transparency issues that erode public trust.
Then there was his purchase of L3 Harris Technologies (LHX) shares, the defense contractor. Given his Armed Services committee seat, that trade drew immediate scrutiny from investors and ethics watchers alike.
What to Watch Going Forward
The timing of these purchases matters. As the Trump administration continues through 2025 and into 2026, any government contracts or favorable policies flowing toward Microsoft, Pentair, or Capital One Financial will be examined for potential connections to Mullin's committee work and political influence.
Whether these are simply smart financial bets or something more questionable remains to be seen. But one thing's certain: retail investors are tracking every move, and Mullin's next disclosure will be just as closely watched as this one.