Which super PACs did Warren Stephens fund in 2022?

Senate Leadership Fund ($5.0M), Congressional Leadership Fund ($2.5M), Wfw Action Fund Inc ($1.8M), Evergreen Principles PAC ($500K), American Policy Fund ($250K).

Which candidates did Warren Stephens's money end up backing or attacking in 2022?

against John K. Fetterman (Pennsylvania Senate, about $807K, lost); against Raphael Warnock (Georgia Senate, about $766K, lost); against Cheri Beasley (North Carolina Senate, about $646K, won). Amounts are the donor's share of each group's spending.

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Donor

Warren Stephens

Individual

Chairman President & CEO, Stephens Inc. · Arkansas

19 reported gifts; 9 recipient groups listed, as reported to the FEC by the groups that received them.

Backed losers

Warren Stephens gave $10M to super PACs and other outside groups in the 2022 federal elections, and 99% 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, 34% were on the winning side ($2.6M won, $5.1M lost). $882K had no matched result and is excluded.

Gave to outside spenders

$10M

99% of it helped Republicans

Winning share of scored dollars

34%

$7.8M scored (74% of gifts)

Spent on the losing side

$5.1M

Not allocated or result unknown

$2.7M

$1.8M not allocated to tracked outside spending; $882K 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	Won / lost
Senate Leadership Fund $835K not allocated to tracked outside spending	$5.0M	$1.7M / $2.4M
Congressional Leadership Fund $326K not allocated to tracked outside spending	$2.5M	$812K / $1.3M
Wfw Action Fund Inc $419K not allocated to tracked outside spending	$1.8M	$56K / $558K
Evergreen Principles PAC $64K not allocated to tracked outside spending	$500K	$0 / $436K
American Policy Fund $19K not allocated to tracked outside spending	$250K	$14K / $203K
Honor Pennsylvania $24K not allocated to tracked outside spending	$250K	$0 / $171K
Alabama's Future $44K not allocated to tracked outside spending	$100K	$5K / $0
NRSC $64K not allocated to tracked outside spending	$73K	$3K / $7K
NRCC $52K not allocated to tracked outside spending	$73K	$7K / $14K

The trail

What the money bought

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

Candidate	Race	Spending	Their share	Paid off?
John K. Fetterman	Pennsylvania Senate	Attacking	$807K	✗ No
Raphael Warnock	Georgia Senate	Attacking	$766K	✗ No
Cheri Beasley	North Carolina Senate	Attacking	$646K	✓ Yes
Tim Ryan	Ohio Senate	Attacking	$551K	✓ Yes
Mandela Barnes	Wisconsin Senate	Attacking	$443K	✓ Yes
Catherine Cortez Masto	Nevada Senate	Attacking	$435K	✗ No
Jane Timken	Ohio Senate (primary)	Supporting	$349K	Unknown
Patty Murray	Washington Senate	Attacking	$331K	✗ No
Joe Kent	Washington 3rd District (primary)	Attacking	$296K	✗ No
Mehmet Oz	Pennsylvania Senate (primary)	Attacking	$171K	✗ No
Frank J. Mrvan	Indiana 1st District	Attacking	$166K	✗ No
Donald C. Bolduc	New Hampshire Senate	Supporting	$157K	✗ No

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

Questions people ask

How much did Warren Stephens spend on the 2022 elections, and did it win?: Warren Stephens gave $10M to super PACs and other outside groups in the 2022 federal elections, and 99% 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, 34% were on the winning side ($2.6M won, $5.1M lost). $882K had no matched result and is excluded.
Which super PACs did Warren Stephens fund in 2022?: Senate Leadership Fund ($5.0M), Congressional Leadership Fund ($2.5M), Wfw Action Fund Inc ($1.8M), Evergreen Principles PAC ($500K), American Policy Fund ($250K).
Which candidates did Warren Stephens's money end up backing or attacking in 2022?: against John K. Fetterman (Pennsylvania Senate, about $807K, lost); against Raphael Warnock (Georgia Senate, about $766K, lost); against Cheri Beasley (North Carolina Senate, about $646K, won). Amounts are the donor's share of each group's spending.