In a recent financial disclosure filed on July 9, 2025, Congressman Mike Kelly of Pennsylvania's 16th District reported several transactions involving the Victoria Kelly Trust ICA. The transactions, which took place in June 2025, include both sales and purchases of various financial assets.

1. United States Steel Corporation (Ticker: X):

   • Purchase: On June 3, 2025, a transaction was made to buy shares of United States Steel Corporation common stock valued between $15,001 and $50,000.
   • Sale: Subsequently, on June 20, 2025, shares of the same stock were sold, again valued between $15,001 and $50,000. This suggests a short-term trading strategy within the same month.

2. Harding Loevner Institutional EM (HLMEX):

   • Sale: On June 18, 2025, shares in the Harding Loevner Institutional Emerging Markets fund were sold. The transaction was valued between $100,001 and $250,000, indicating a significant divestment from this particular asset.

3. California State GO Call 12/1/27 4% due 12/1/47:

   • Sale: On June 12, 2025, bonds from this California State General Obligation were sold, with the transaction amount ranging from $1,001 to $15,000.

These transactions reflect a mix of equity and fixed-income asset management within the Victoria Kelly Trust ICA, with a notable emphasis on the steel sector through the United States Steel Corporation trades. The sales of both the Harding Loevner fund and California State bonds suggest strategic reallocation or liquidity generation from these holdings.