Rep. Dan Crenshaw (R-TX) purchased Wynn Resorts (NASDAQ: WYNN) shares worth between $1,001 and $15,000 on October 25, 2022, just days before Tilman Fertitta's significant stake in the company became public knowledge.

Fertitta acquired 6.91 million shares (6.1% of outstanding shares) on October 19, 2022, with the SEC filing made public on October 31. This announcement triggered a 10% intraday stock rally, making Crenshaw's investment immediately profitable.

While Fertitta is known for supporting Republican candidates, including Trump and Texas Governor Greg Abbott, no direct political contributions between Fertitta and Crenshaw have been documented since 2018. Though they both operate in Texas, Crenshaw doesn't represent Fertitta's Houston district.

Notable points about the investment:

• Wynn is rarely traded by Congress members
• Crenshaw has held the position for over two years
• The stock has gained 56% since his purchase
• Fertitta recently increased his stake to nearly 10%

This trading activity comes amid growing public concern about congressional stock trading, with bipartisan support for legislation to ban members of Congress from trading individual stocks. While some worry about potential insider trading, Crenshaw's long-term holding pattern differs from typical quick-profit trades that often draw scrutiny.

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