Federal Reserve Governor Kevin Warsh discloses dozens of sales of private investment interests, with many transactions valued at over $1 million each, in a report filed on June 25, 2026.

Kevin M. Warsh, a member of the Board of Governors of the Federal Reserve System, disclosed a substantial volume of financial transactions in a Periodic Transaction Report filed on June 25, 2026. The report details 60 transactions that occurred between late May and late June 2026, the vast majority of which were sales of interests in private investment vehicles.

The bulk of the activity involved the sale of numerous series of an entity named "THSDFS LLC." These sales were executed on three main dates: May 27, June 3, and June 23. The transaction sizes varied widely, but many were significant, with multiple sales valued in the ranges of $500,001 - $1,000,000 and $1,000,001 - $5,000,000. In total, the report includes at least ten individual sales valued at over $1 million each, indicating a total divestment of many millions of dollars from these holdings.

In addition to the THSDFS LLC sales, Warsh reported selling interests in several other private equity and venture capital funds. Notable sales include a position in Bessemer Venture Associates XI, L.P. for $1,000,001 - $5,000,000 on May 29, and a sale of Lansing Management Onshore LP for the same amount on May 31. Other sales involved Bessemer Ventures Associates VIII LP, Bessemer Ventures Associates XII LP, and DCM Investments 09.

The filing also documented activity related to a company named Aven on June 4. Warsh reported exercising vested stock options, which was recorded as a purchase valued between $100,001 and $250,000. Concurrently, he sold the resulting stock for an amount between $1,000,001 and $5,000,000. A sale of Hebbia Inc. stock for $100,001 - $250,000 was also reported on the same day.