She was elected to serve CD3. Here’s what she’s actually been doing with her portfolio since January 2025 — fully sourced, no exaggeration needed.
The Saronic trade. On March 11, 2026 — nine days after the U.S. entered the war with Iran — Morrison purchased $15,001–$50,000 in Saronic Technologies, a defense contractor building autonomous naval warships for the U.S. Navy, which had just been awarded a $392 million production contract. A Public Citizen ethics expert called the trade a “clear conflict of interest.” Morrison’s office said an investment adviser made the trade without her knowledge. She sold the position on May 4, 2026.
Source: NOTUS, “Democratic Rep. Kelly Morrison Bought Stock in an Autonomous Warship Company as War in Iran Raged”
The STOCK Act violation. Morrison was months — in one case more than a year — late disclosing eight financial trades worth $1.41 million to $2.91 million, mostly stakes in Andersen Corporation. The STOCK Act requires disclosure within 45 days regardless of who executes the trade. Her office paid the standard $200 fine.
Source: NOTUS, Minnesota Star Tribune
The divestment. After the Star Tribune began asking detailed questions about her holdings, Morrison announced in April 2026 she would sell off her individual stocks entirely — including up to $1.45 million in private company stakes acquired since taking office. Ethics experts had flagged her AI and defense investments specifically as potential conflicts of interest.
Source: Minnesota Star Tribune, “U.S. Rep. Kelly Morrison to sell private stakes after scrutiny over investments”
The volume. Morrison ranked 45th among all 535 members of Congress for total trades over a recent three-year stretch. For comparison: Sen. Tina Smith reported 13 trades in three years (made by her husband), Rep. Pete Stauber had one, and the rest of the Minnesota delegation had none in that period.
Source: Minnesota Star Tribune, Capitol Trades
| Company | What It Does | Trade | Date | Value |
|---|---|---|---|---|
| Saronic Technologies | Autonomous Navy warships | Buy | Mar 11, 2026 | $15,001–$50,000 |
| Saronic Technologies | Autonomous Navy warships | Sell | May 4, 2026 | $15,001–$50,000 |
| Star Catcher Industries DEFENSE | Space power grid; lists “national security” as a core market; Air Force SBIR award | Buy | Apr 6, 2026 | $15,001–$50,000 |
| Star Catcher Industries | Space power grid | Sell | May 4, 2026 | $15,001–$50,000 |
| Honeywell Aerospace | Aircraft components; serves military, defense & space platforms | Exchange (spinoff) | Jun 29, 2026 | $15,001–$50,000 |
| Hermeus Corp | Hypersonic aircraft | Sell | May 4, 2026 | $15,001–$50,000 |
| StarCloud | Orbital AI data centers | Holding | 2026 | Undisclosed range |
| Flux | AI hardware | Buy | 2026 | Part of $1.4–2.9M late-disclosed trades |
| Broadcom (AVGO) | AI & semiconductor chips | Buy | Mar 21 & Apr 11, 2025 | $1,001–$15,000 each |
| Meta Platforms (META) | AI & social media | Buy | Mar 24 & Apr 11, 2025 | $15,001–$50,000 each |
“DEFENSE” flag indicates the company’s own materials or federal contract history confirm a defense/national-security application — not an assumption.
| Company | What It Does | Trade | Date | Value |
|---|---|---|---|---|
| Saronic Technologies | Autonomous Navy warships | Buy | Mar 11, 2026 | $15,001–$50,000 |
| Saronic Technologies | Autonomous Navy warships | Sell | May 4, 2026 | $15,001–$50,000 |
| Star Catcher Industries DEFENSE | Space power grid; lists “national security” as a core market; Air Force SBIR award | Buy | Apr 6, 2026 | $15,001–$50,000 |
| Star Catcher Industries | Space power grid | Sell | May 4, 2026 | $15,001–$50,000 |
| Honeywell Aerospace | Aircraft components; serves military, defense & space platforms | Exchange (spinoff) | Jun 29, 2026 | $15,001–$50,000 |
| Hermeus Corp | Hypersonic aircraft | Sell | May 4, 2026 | $15,001–$50,000 |
| StarCloud | Orbital AI data centers | Holding | 2026 | Undisclosed range |
| Flux | AI hardware | Buy | 2026 | Part of $1.4–2.9M late-disclosed trades |
| Broadcom (AVGO) | AI & semiconductor chips | Buy | Mar 21 & Apr 11, 2025 | $1,001–$15,000 each |
| Meta Platforms (META) | AI & social media | Buy | Mar 24 & Apr 11, 2025 | $15,001–$50,000 each |
“DEFENSE” flag indicates the company’s own materials or federal contract history confirm a defense/national-security application — not an assumption.
| Company | Trade | Date | Value |
|---|---|---|---|
| Target Corporation (TGT) | Sell | Mar 21, 2025 | $100,001–$250,000 |
| D.R. Horton (DHI) | Sell | Mar 20, 2025 | Undisclosed range |
| CACI International (CACI) | Sell | Mar 20, 2025 | Undisclosed range |
| Merck & Co. (MRK) | Sell (partial) | Mar 20, 2025 | Undisclosed range |
| ResMed (RMD) | Sell (full) | Apr 28 & Jun 4, 2025 | $1,001–$15,000 |
| UPS | Sell (full) | Jun 4, 2025 | $1,001–$15,000 |
| Zebra Technologies (ZBRA) | Sell (full) | Jun 4, 2025 | $15,001–$50,000 |
| Nike (NKE) | Sell (full) | Jun 4, 2025 | $1,001–$15,000 |
| Houlihan Lokey (HLI) | Sell (full) | Jun 4, 2025 | $1,001–$15,000 |
| Johnson & Johnson (JNJ) | Sell | Aug 19, 2025 | $1,001–$15,000 |
| Thermo Fisher Scientific (TMO) | Sell | Aug 19, 2025 | $15,001–$50,000 |
| Accenture (ACN) | Sell | Aug 19, 2025 | $15,001–$50,000 |
| Verizon (VZ) | Sell | Aug 19, 2025 | $1,001–$15,000 |
| Ajg (Arthur J. Gallagher) | Sell (full) | Mar 8, 2026 | $1,001–$15,000 |
| Magnum Ice Cream Co (MICC) | Sell (full) | Mar 8, 2026 | $1,001–$15,000 |
| Mobility Global Inc. (MBGL) | Sell | Aug 11, 2026 | $1,001–$15,000 |
| Solstice Advanced Materials (SOLS) | Sell | Aug 11, 2026 | $1,001–$15,000 |
| Urban Sky | Buy | Jan 6, 2025 | Up to $50,000 |
| Aero Engineering Holdings LLC | Buy | Jan 27, 2025 | $50,001–$100,000 |
