Texans for a Conservative Majority spent $35M on independent expenditures in the 2026 federal elections, and 69% of it helped Democrats (FEC filings with varying coverage dates; the most common larger-campaign cutoff is Oct 14, 2026). Among dollars with a matched election-stage result, 46% were on the winning side ($12M won, $13M lost). $10M had no matched result and is excluded.
Outside spending
$35M
Winning share of scored dollars
46%
$25M scored (70% of spending); $10M unknown
On the losing side
$13M
Supporting vs attacking
15% / 85%
$5.3M for, $30M against
Follow the money
Who filled the envelope
The donor records in this snapshot trace $36M to Texans for a Conservative Majority. This is incomplete funding coverage; percentages below refer only to these traced gifts. The allocation denominator is $39M.
- John Nau IIIIndividual$7.9M (22%)
- Ohio Works Inc.Company / nonprofit$5.5M (15%)
- America Works Fund IncCompany / nonprofit$3.4M (9%)
- Leon Rachel CorpCompany / nonprofit$2.0M (6%)
- Condorcet Initiative CorpCompany / nonprofit$1.6M (4%)
- Stephen SchwarzmanIndividual$1.5M (4%)
- Ardleigh Impact CorpCompany / nonprofit$1.3M (3%)
- Energy Transfer PartnersCompany / nonprofit$1.0M (3%)
- Trevor Rees-JonesIndividual$1.0M (3%)
- Anthony WoodIndividual$1.0M (3%)
The people behind it
The people giving to Texans for a Conservative Majority
59 named people gave $18M in itemized gifts this cycle. These are the biggest 25. Committees must name anyone who gives more than $200 in a year; smaller gifts are reported only as a lump sum, and money from companies, unions and other groups is not in this list.
- John Nau IIIChairman and CEO · Sed Holdings · TX$7.9M4 gifts
- Stephen SchwarzmanChairman CEO Co-Founder · The Blackstone Group · NY$1.5M2 gifts
- Trevor Rees-JonesInvestor · Rees-Jones Holdings · TX$1.0M5 gifts
- Anthony WoodFounder Chairman and Chief Executive · Roku · TX$1.0M
- Geoffrey RaynorInvestments · Q Investments · TX$778K5 gifts
- James DavisChairman · New Balance · MA$500K
- Robson WaltonRetired · AR$500K
- Jim WaltonChairman & CEO · Arvest Bank Group Inc. · AR$500K
- Kelcy WarrenChairman and CEO · Energy Transfer Partners · TX$400K
- Laurence HirschChairman · Highlander Partners · TX$350K2 gifts
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- Pete RickettsSenator · US · NE$300K3 gifts
- Alexander KarpCEO · Palantir Technologies · CA$250K
- Edward Earl Martin Jr.Home Builder · Tilson Built Company · TX$200K2 gifts
- Jeffery HildebrandChairman · Hilcorp Energy Company · TX$200K2 gifts
- Ray HuntExecutive · Hunt Consolidated Inc · TX$150K
- Woody HuntExec. Chairman & CEO · Hunt Bldg. Corp. · TX$150K3 gifts
- Nancy Ann HuntHomemaker · TX$150K
- Jim PerkinsPresident · Citizens First Bank · TX$125K2 gifts
- Robert RowlingInvestor · Trt Holdings Inc. · TX$125K
- Richard WeekleyReal Estate Broker/Developer · Weekley Properties · TX$100K
- Thomas McinerneyVenture Capital · Bluff Point Associates · CT$100K
- David HalbertCEO - Chairman · Caris Life Sciences · TX$100K
- Bryan SheffieldPresident · Marbella Interests LLC · TX$100K2 gifts
- Joe RickettsPhilanthropist · WY$100K
- George Seay IIICEO · Annandale Capital · TX$100K
Names, employers and occupations are as the committee reported them to the FEC. People with the same name in the same state are counted as one person. Federal law bars using these names to ask for money or for any commercial purpose.
Where the money went
Biggest targets, with whether each one won.
✓ Backed the winner or attacked the loser ✗ Backed the loser or attacked the winner Race not called yet Result not matched
| Candidate | Race | Spending | Amount | Won? |
|---|---|---|---|---|
| Ken Paxton | Texas Senate (primary) | Attacking | $13M | ✗ No |
| Ken Paxton | Texas Senate | Attacking | $12M | ✓ Yes |
| Wesley Hunt | Texas Senate (primary) | Attacking | $5.1M | Unknown |
| John Cornyn | Texas Senate (primary) | Supporting | $4.9M | Unknown |
| John Cornyn | Texas Senate | Supporting | $368K | Unknown |
Questions people ask
- How much did Texans for a Conservative Majority spend in 2026, and did it win?
- Texans for a Conservative Majority spent $35M on independent expenditures in the 2026 federal elections, and 69% of it helped Democrats (FEC filings with varying coverage dates; the most common larger-campaign cutoff is Oct 14, 2026). Among dollars with a matched election-stage result, 46% were on the winning side ($12M won, $13M lost). $10M had no matched result and is excluded.
- Who funds Texans for a Conservative Majority?
- Its biggest reported donors in the 2026 cycle were John Nau III ($7.9M), Ohio Works Inc. ($5.5M), America Works Fund Inc ($3.4M), Leon Rachel Corp ($2.0M), Condorcet Initiative Corp ($1.6M), out of $36M received from donors tracked here.
- Which candidates did Texans for a Conservative Majority spend the most on in 2026?
- against Ken Paxton (Texas Senate, $13M, lost); against Ken Paxton (Texas Senate, $12M, won); against Wesley Hunt (Texas Senate, $5.1M, unknown).