Rep. Dan Crenshaw Discloses Triple-Leveraged Oil ETF Purchase While Serving on Energy, Intelligence Committees

Barchart·07/17/2026 19:48:14

Rep. Dan Crenshaw disclosed a purchase of the triple-leveraged United States 3x Oil Fund (USOU) in a newly filed congressional transaction report covering trades executed on June 1. The filing marks one of Crenshaw's most notable recent STOCK Act disclosures while he serves on the House Energy and Commerce Committee and the House Permanent Select Committee on Intelligence.

• Crenshaw reported purchasing USOU in a transaction valued between $1,001 and $15,000.
• The same filing disclosed sales of Alphabet ($GOOG), Amazon ($AMZN), Apple ($AAPL), Meta Platforms ($META) and the Direxion Daily Financial Bull 3X Shares (FAS).
• Crenshaw also disclosed purchasing Meta put options on April 28 and selling the position on May 5, spanning Meta's April 29 earnings release, after which the stock declined sharply.
• The filing was signed on July 16 and reports transactions executed on June 1.
• Crenshaw currently serves on both the House Energy and Commerce Committee and the House Permanent Select Committee on Intelligence.

Relevant Companies

• Meta Platforms ($META) – The disclosed put options were opened immediately before the company's April earnings release and closed after the post-earnings decline.
• Alphabet ($GOOG) – Shares were among the large-cap technology holdings reported as sold in the filing.
• Apple ($AAPL) – Shares were also reported as sold as part of the disclosed portfolio changes.

Editor’s Note: This is a developing story. This article may be updated as more details become available.

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