Which super PACs did Warren Stephens fund in 2026?

Senate Leadership Fund ($2.0M), Congressional Leadership Fund ($1.3M), MAGA Inc. ($1.0M), America One ($75K), NRSC ($44K).

Which candidates did Warren Stephens's money end up backing or attacking in 2026?

against Sherrod Brown (Ohio Senate (special), about $370K, lost); against Abdul El-Sayed (Michigan Senate, about $211K, lost); against Josh Turek (Iowa Senate, about $179K, lost). Amounts are the donor's share of each group's spending.

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Donor

Warren Stephens

Individual

Chairman, Stephens Inc. · Arkansas

8 reported gifts; 6 recipient groups listed, as reported to the FEC by the groups that received them.

Backed losers

Warren Stephens gave $4.4M to super PACs and other outside groups in the 2026 federal elections, and 100% of it helped Republicans (FEC filings with varying coverage dates; the most common larger-campaign cutoff is Oct 14, 2026). Among dollars with a matched election-stage result, 4% were on the winning side ($107K won, $2.7M lost, with $198K in races still being counted). $3K had no matched result and is excluded.

Gave to outside spenders

$4.4M

100% of it helped Republicans

Winning share of scored dollars

$2.8M scored (64% of gifts)

Spent on the losing side

$2.7M

$198K still being counted

Not allocated or result unknown

$1.4M

$1.4M not allocated to tracked outside spending; $3K 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 Race not called yet Result not matched

Group	Gave	Won / lost
Senate Leadership Fund $722K not allocated to tracked outside spending	$2.0M	$49K / $1.2M
Congressional Leadership Fund $187K not allocated to tracked outside spending	$1.3M	$3K / $1.0M
MAGA Inc. $431K not allocated to tracked outside spending	$1.0M	$2K / $515K
America One $11K not allocated to tracked outside spending	$75K	$54K / $10K
NRSC $44K not allocated to tracked outside spending	$44K	$0 / $0
Committee for American Leadership $658 not allocated to tracked outside spending	$35K	$0 / $0

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?
Sherrod Brown	Ohio Senate (special)	Attacking	$370K	✗ No
Abdul El-Sayed	Michigan Senate	Attacking	$211K	✗ No
Josh Turek	Iowa Senate	Attacking	$179K	✗ No
Troy Jackson	Maine Senate	Attacking	$138K	✗ No
Roy Cooper	North Carolina Senate	Attacking	$123K	✗ No
Christina Hines	Michigan 10th District	Attacking	$71K	✗ No
James Talarico	Texas Senate	Attacking	$68K	✗ No
Don Davis	North Carolina 1st District	Attacking	$67K	✗ No
Mary Peltola	Alaska Senate	Attacking	$67K	Counting
William Lawrence	Michigan 7th District	Attacking	$64K	✗ No
Adam Hamilton	Kansas Senate	Attacking	$63K	✗ No
Chris Pappas	New Hampshire Senate	Attacking	$63K	✗ No

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

Questions people ask

How much did Warren Stephens spend on the 2026 elections, and did it win?: Warren Stephens gave $4.4M to super PACs and other outside groups in the 2026 federal elections, and 100% of it helped Republicans (FEC filings with varying coverage dates; the most common larger-campaign cutoff is Oct 14, 2026). Among dollars with a matched election-stage result, 4% were on the winning side ($107K won, $2.7M lost, with $198K in races still being counted). $3K had no matched result and is excluded.
Which super PACs did Warren Stephens fund in 2026?: Senate Leadership Fund ($2.0M), Congressional Leadership Fund ($1.3M), MAGA Inc. ($1.0M), America One ($75K), NRSC ($44K).
Which candidates did Warren Stephens's money end up backing or attacking in 2026?: against Sherrod Brown (Ohio Senate (special), about $370K, lost); against Abdul El-Sayed (Michigan Senate, about $211K, lost); against Josh Turek (Iowa Senate, about $179K, lost). Amounts are the donor's share of each group's spending.