Former Deputy Secretary, Department of State
Wendy R. Sherman
Biden administration.
- Assets disclosed
- $4.2M to $11M
- Outside pay
- Not shown
- Trades disclosed
- 57
- Took office
- Apr 2021
Assets disclosed: on the 2023 termination filing. The values on Sherman’s latest financial disclosure to the Office of Government Ethics, added up as ranges, because the form gives ranges and never exact values.
Outside pay: shown for the current administration only. What the latest form reports was paid to the official to the dollar, outside the public salary, which is set by law.
Trades disclosed: Aug 2001 to Apr 2023. Transactions on 278-T reports and annual reports, which include a spouse’s and dependent children’s.
Took office: no leaving date on record.
Outside pay is kept for the current administration only. The Office of Government Ethics drops officials from its public portal after they leave, and by law it destroys most reports six years after they are filed. We saved some earlier reports before they went, but no complete set for any earlier administration survives, and a partial record shown as if it were whole would mislead.
Start date: the cabinet record.
Largest holdings
On the 2023 termination filing
- VWINX - VANGUARD WELLESLEY INC INV$100K to $250K
- UTIXX - FEDERATED HRMS USTRSY CS RS IS$100K to $250K
- IUSB - ISHARES CORE TOTAL BOND ETF$100K to $250K
- VIG - VANGUARD DIVIDEND APPRECIATION$100K to $250K
- IPPXX - INVESCO PREMIER INST$100K to $250K
- Assets listedEach with a value range
- 164
- Without a valueListed with no dollar range
- 26
Trades
Disclosed on periodic and annual reports, by year
- Bought58% of trades
- 33
- Sold42% of trades
- 24
3 of the 49 trades with a filing date to check were reported after 45 days plus any extension the filing states. The other 8 carry no filing date that can be checked.
The executive financial disclosure reports the official’s transactions together with those of a spouse and dependent children, and does not mark which is which. These trades are shown as disclosed. They should not be read as the official personally trading.
1 row is left out because the date read from the filing cannot be right (on a scanned filing this is usually a misread, not the filer’s error), rather than given a guessed date. 1 annual report row is left out because the filing gives no transaction date. Each row links to its filing, which is the complete record.
What was traded
- Funds and ETFs
48% of trades
27 - Bonds
26% of trades
15 - Other assets
26% of trades
15
Past the deadline
3
Of the 49 trades with a filing date to check, after 45 days plus any extension the filing states
Estimated volume
$1.0M
The forms give each trade as a range of dollars. This adds the low end of every range, so the real volume is at least this and could be much more.
Net worth
Reported as ranges, so no single net worth
- Disclosed assets
- $4.2M to $11M
- Disclosed liabilities
- $515K to $1.1M
A net worth for Wendy R. Sherman cannot be computed from this filing: values are given as ranges, some items carry no value, and a home kept for personal use is not reported.
- Disclosed assets:
- as ranges on 164 line items, plus 26 without a dollar value
- Disclosed liabilities:
- as ranges on 2 line items
These are the lower and upper bounds of the ranges on the filing, not a market valuation. Assets and liabilities are shown separately and are never netted into a net worth. How these bands are read
The form lists each debt over $10,000 owed at any time during the period it covers, including one repaid before the period ended. A few kinds are left off, such as a debt to a close relative. The filer’s own notes on these debts:
- Morgan Stanley: “Rate Change date 6/01/2031”
- Citi MasterCard: “Balances paid off immediately”
Kept since Aug 27, 2026. Federal law generally requires a filing to be destroyed six years after it was received, unless it is needed in an ongoing investigation.
Disclosures: Office of Government Ethics, read through Oct 24, 2026. Latest filing: 2023 termination filing.
Holdings
On the 2023 termination filing, largest range first
- VWINX - VANGUARD WELLESLEY INC INV
Line 1.13 of the filing
$100K to $250K - UTIXX - FEDERATED HRMS USTRSY CS RS IS$100K to $250K
- IUSB - ISHARES CORE TOTAL BOND ETF
Line 1.5 of the filing
$100K to $250K - VIG - VANGUARD DIVIDEND APPRECIATION
Line 1.7 of the filing
$100K to $250K - IPPXX - INVESCO PREMIER INST
Line 1.8 of the filing
$100K to $250K
These are the lower and upper bounds of the ranges on the filing, not a market valuation. Assets and liabilities are shown separately and are never netted into a net worth. How these bands are read
The form lists each debt over $10,000 owed at any time during the period it covers, including one repaid before the period ended. A few kinds are left off, such as a debt to a close relative. The filer’s own notes on these debts:
- Morgan Stanley: “Rate Change date 6/01/2031”
- Citi MasterCard: “Balances paid off immediately”
Kept since Aug 27, 2026. Federal law generally requires a filing to be destroyed six years after it was received, unless it is needed in an ongoing investigation.
Disclosures: Office of Government Ethics, read through Oct 24, 2026. Latest filing: 2023 termination filing.
Trades
57 disclosed transactions, Aug 2001 to Apr 2023
What was traded
- Funds and ETFs
48% of trades
27 - Bonds
26% of trades
15 - Other assets
26% of trades
15
Past the deadline
3
Of the 49 trades with a filing date to check, after 45 days plus any extension the filing states
Estimated volume
$1.0M
The forms give each trade as a range of dollars. This adds the low end of every range, so the real volume is at least this and could be much more.
Disclosed transactions
Newest first, five a page, each with its filing
Bought unless marked · Unspecified, every row
57 disclosed transactions, 7 of them only in the annual report. Amounts are ranges, never exact, and every row links to the official filing.
3 of the 49 trades with a filing date to check were reported after 45 days plus any extension the filing states. The other 8 carry no filing date that can be checked.
The executive financial disclosure reports the official’s transactions together with those of a spouse and dependent children, and does not mark which is which. These trades are shown as disclosed. They should not be read as the official personally trading.
1 row is left out because the date read from the filing cannot be right (on a scanned filing this is usually a misread, not the filer’s error), rather than given a guessed date. 1 annual report row is left out because the filing gives no transaction date. Each row links to its filing, which is the complete record.
Disclosures: Office of Government Ethics, read through Oct 24, 2026. Latest filing: 2023 termination filing.