Which super PACs did Bruce Kovner fund in 2022?

Senate Leadership Fund ($750K).

Which candidates did Bruce Kovner's money end up backing or attacking in 2022?

against John K. Fetterman (Pennsylvania Senate, about $121K, lost); against Raphael Warnock (Georgia Senate, about $115K, lost); against Cheri Beasley (North Carolina Senate, about $97K, won). Amounts are the donor's share of each group's spending.

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Donor

Bruce Kovner

Individual

Chairman, Caxton Alternative Management LP · New Jersey

2 reported gifts; 1 recipient group listed, as reported to the FEC by the groups that received them.

Mixed results

Bruce Kovner gave $750K to super PACs and other outside groups in the 2022 federal elections, and 98% of it helped Republicans (FEC filings with varying coverage dates; the most common larger-campaign cutoff is Dec 31, 2022). Among dollars with a matched election-stage result, 42% were on the winning side ($261K won, $364K lost). $21 had no matched result and is excluded.

Gave to outside spenders

$750K

98% of it helped Republicans

Winning share of scored dollars

42%

$625K scored (83% of gifts)

Spent on the losing side

$364K

Not allocated or result unknown

$125K

$125K not allocated to tracked outside spending; $21 has no matched result. Neither is cash on hand.

Where the checks went

A person writing checks from their own fortune. Each gift is split the way the group that received it split its spending between winners and losers, so a $10M check to a group that spent 80% on losers counts as $8M on the losing side.

✓ Backed the winner or attacked the loser ✗ Backed the loser or attacked the winner Result not matched

Group	Gave	How the group spent it	Won / lost
Senate Leadership Fund $125K not allocated to tracked outside spending	$750K		$261K / $364K

The trail

What the money bought

The candidates Bruce Kovner's money was spent for or against, pro-rated by Bruce Kovner's share of each group's funding.

Candidate	Race	Spending	Their share	Paid off?
John K. Fetterman	Pennsylvania Senate	Attacking	$121K	✗ No
Raphael Warnock	Georgia Senate	Attacking	$115K	✗ No
Cheri Beasley	North Carolina Senate	Attacking	$97K	✓ Yes
Tim Ryan	Ohio Senate	Attacking	$83K	✓ Yes
Mandela Barnes	Wisconsin Senate	Attacking	$66K	✓ Yes
Catherine Cortez Masto	Nevada Senate	Attacking	$65K	✗ No
Donald C. Bolduc	New Hampshire Senate	Supporting	$24K	✗ No
Herschel Junior Walker	Georgia Senate	Supporting	$22K	✗ No
Maggie Hassan	New Hampshire Senate	Attacking	$17K	✗ No
Kelly C. Tshibaka	Alaska Senate	Attacking	$16K	✓ Yes
Kathy Salvi	Illinois Senate	Supporting	$64	✗ No
David Perdue	Georgia Senate	Supporting	$11	Unknown

Individual as classified from the FEC entity type and public reporting.

Questions people ask

How much did Bruce Kovner spend on the 2022 elections, and did it win?: Bruce Kovner gave $750K to super PACs and other outside groups in the 2022 federal elections, and 98% of it helped Republicans (FEC filings with varying coverage dates; the most common larger-campaign cutoff is Dec 31, 2022). Among dollars with a matched election-stage result, 42% were on the winning side ($261K won, $364K lost). $21 had no matched result and is excluded.
Which super PACs did Bruce Kovner fund in 2022?: Senate Leadership Fund ($750K).
Which candidates did Bruce Kovner's money end up backing or attacking in 2022?: against John K. Fetterman (Pennsylvania Senate, about $121K, lost); against Raphael Warnock (Georgia Senate, about $115K, lost); against Cheri Beasley (North Carolina Senate, about $97K, won). Amounts are the donor's share of each group's spending.