Corporate lobbying disclosures scored as smart money signals — cross-referenced with congressional trades, insider buying, and options flow. When companies spend millions lobbying on legislation, they're telling you where they expect revenue to come from.
LD-2 Senate filings scored as smart money signals. Highest-scoring disclosures appear first. Updated continuously as new filings are processed.
| Date | Ticker | Direction | Client | Issue Area | Score |
|---|---|---|---|---|---|
| 2026-08-28 | BA | ▲ BUY | FRIENDS COMMITTEE ON NATIONAL … | AGR, BUD, CIV | ███████░░░ 70/100 |
| 2026-08-28 | LMT | ▲ BUY | FRIENDS COMMITTEE ON NATIONAL … | AGR, BUD, CIV | ███████░░░ 70/100 |
| 2026-08-28 | NOC | ▲ BUY | FRIENDS COMMITTEE ON NATIONAL … | AGR, BUD, CIV | ███████░░░ 70/100 |
| 2026-08-28 | RTX | ▲ BUY | FRIENDS COMMITTEE ON NATIONAL … | AGR, BUD, CIV | ███████░░░ 70/100 |
| 2026-08-28 | PLTR | ▲ BUY | FRIENDS COMMITTEE ON NATIONAL … | AGR, BUD, CIV | ███████░░░ 70/100 |
| 2026-08-28 | UNH | ▲ BUY | ASSOCIATION FOR COMMUNITY AFFI… | HCR, MMM | ███████░░░ 66/100 |
| 2026-08-28 | JNJ | ▲ BUY | ASSOCIATION FOR COMMUNITY AFFI… | HCR, MMM | ███████░░░ 66/100 |
| 2026-08-27 | AAPL | ▲ BUY | MORTON SALT | TAR, TRD | ███████░░░ 66/100 |
| 2026-08-28 | GD | ▲ BUY | FRIENDS COMMITTEE ON NATIONAL … | AGR, BUD, CIV | ██████░░░░ 62/100 |
| 2026-08-28 | LLY | ▲ BUY | ASSOCIATION FOR COMMUNITY AFFI… | HCR, MMM | ██████░░░░ 58/100 |
| 2026-08-27 | XOM | ▲ BUY | MORTON SALT | TAR, TRD | ██████░░░░ 58/100 |
| 2026-08-28 | CTVA | ▲ BUY | FRIENDS COMMITTEE ON NATIONAL … | AGR, BUD, CIV | █████░░░░░ 54/100 |
| 2026-08-28 | MOS | ▲ BUY | FRIENDS COMMITTEE ON NATIONAL … | AGR, BUD, CIV | █████░░░░░ 54/100 |
| 2026-08-28 | BG | ▲ BUY | FRIENDS COMMITTEE ON NATIONAL … | AGR, BUD, CIV | █████░░░░░ 54/100 |
| 2026-08-28 | DE | ▲ BUY | FRIENDS COMMITTEE ON NATIONAL … | AGR, BUD, CIV | █████░░░░░ 54/100 |
| 2026-08-28 | ABBV | ▲ BUY | ASSOCIATION FOR COMMUNITY AFFI… | HCR, MMM | █████░░░░░ 50/100 |
| 2026-08-28 | CVS | ▲ BUY | ASSOCIATION FOR COMMUNITY AFFI… | HCR, MMM | █████░░░░░ 50/100 |
| 2026-08-28 | PFE | ▲ BUY | ASSOCIATION FOR COMMUNITY AFFI… | HCR, MMM | █████░░░░░ 50/100 |
| 2026-08-28 | HUM | ▲ BUY | ASSOCIATION FOR COMMUNITY AFFI… | HCR, MMM | █████░░░░░ 50/100 |
Under the Lobbying Disclosure Act, companies must file LD-2 reports with the US Senate twice a year, disclosing what they lobbied on, who they hired, and roughly how much they spent. Unlike earnings calls or press releases, lobbying filings are relatively obscure — most retail investors never see them.
The signal logic is straightforward: a company spending $5M lobbying on AI regulation or healthcare reimbursement reform is signalling that it believes the outcome of that legislation will materially affect its revenue. That's not a press release — it's a capital allocation decision. When that lobbying coincides with congressional buying by members on the relevant committee, or with insider purchases in the same quarter, the convergence score rises significantly.
When a company lobbies on specific legislation AND members of the relevant committee are buying the stock, you have two independent data sources pointing at the same thesis. Committee members have informational advantages about legislative timelines and outcomes.
Executives who are simultaneously lobbying for favourable regulation AND purchasing their own stock are expressing maximum conviction. They're spending both corporate capital (on lobbyists) and personal capital (on shares) on the same outcome.
The rarest and highest-scoring setup: lobbying + congressional buying + insider purchases + unusual options flow all pointing at the same ticker simultaneously. Flow Antenna scores these 85–95 and flags them as CONVICTION tier signals.
Drug pricing legislation, Medicare reimbursement, FDA approval timelines. Historically the largest lobbying sector by spend. Key tickers: PFE, JNJ, ABBV, UNH, CVS.
AI regulation, Section 230, data privacy laws, antitrust proceedings. Tech giants spent record amounts in 2024–2025. Key tickers: MSFT, GOOGL, META, AMZN, NVDA.
NDAA funding, procurement rules, export controls. Defense contractors maintain permanent DC presence. Key tickers: LMT, RTX, NOC, BA, GD, LHX.
Banking regulation, crypto legislation, capital requirements, CFPB oversight. Key tickers: JPM, GS, BAC, C, COIN, BLK.
IRA tax credits, pipeline approvals, carbon regulation, grid modernization. Key tickers: XOM, CVX, NEE, FSLR, ENPH, PLUG.
Infrastructure bill funding, FCC spectrum auctions, broadband subsidies. Key tickers: TMUS, VZ, T, AMT, CCI, EQIX.
When companies significantly increase lobbying spend on specific legislation, it signals that executives believe a regulatory decision will materially impact revenue. Companies don't spend millions lobbying without expecting a return. When lobbying coincides with congressional buying in the same sector, the convergence signal can be highly actionable.
Under the Lobbying Disclosure Act, all lobbyists must file LD-2 reports with the US Senate twice a year, disclosing clients, issue areas, and estimated spend. The Senate maintains a public database at lda.senate.gov. Flow Antenna monitors these filings and converts the most significant ones into scored signals cross-referenced against other smart money sources.
Healthcare and pharmaceuticals, technology, financial services, defense, and energy are the heaviest lobbying sectors. Within these, specific subsectors — like AI regulation, drug pricing legislation, tax policy, and defense authorization — generate the highest-conviction signals when company lobbying aligns with smart money positioning.
A lobbying filing alone typically scores 55–72. The score rises significantly when lobbying appears alongside congressional trades by members on relevant committees, insider purchases, or unusual options activity. A lobbying + congress + insider convergence can score 85–95, indicating three independent data sources pointing the same direction on the same ticker.
LD-2 filings are semi-annual (filed in January and July), but lobbyists must report registration within 45 days of new engagements, and supplementary disclosures cover mid-period activity. Flow Antenna checks for new filings continuously and processes them within one refresh cycle (15 minutes) of publication.
LD-2 filings scored against congressional trades, insider buying, and options flow. Elite subscribers see all lobbying signals in the live feed.
Open Live Feed Full Guide to Lobbying Signals →Related: Smart Money Tracker · Congress Trades · Gov Contracts · Insider Trading