President Donald Trump disclosed a flurry of at least $220 million in financial transactions earlier this year in the securities of major U.S. companies, according to two new financial disclosure forms released Thursday by the U.S. Office of Government Ethics.
The new reports cover the first three months of 2026 and report transaction values in broad ranges rather than exact amounts, showing a cumulative value of between $220 million and around $750 million. The purchases included securities linked to companies such as Microsoft, Meta Platforms, Oracle, Broadcom, Bank of America, and Goldman Sachs, as well as trades in municipal bonds.
Examples of large purchases, valued at between $1 million and $5 million each, included an S&P 500 Index fund, Nvidia Corp., and Apple Inc. Large sales of between $5 million and $25 million each included Microsoft, Amazon, and Meta.
What the Filing Doesn’t Say
The filing does not always make explicit the type of security, whether it was a stock or a corporate bond. It also does not make clear in what accounts the transactions took place or who placed the trades. The president’s assets are held in a trust controlled by his children, while some of the transactions indicate that a broker acted as an agent.
The White House press office referred questions to the Trump Organization. An attorney for the Trump Organization did not immediately respond to a request for comment.
Since returning to the White House last year, Trump has repeatedly disclosed financial transactions through a series of public ethics filings, showing trades in both municipal debt and securities issued by major corporations. The disclosure forms are required under federal ethics rules and provide only a partial snapshot of an official’s financial activity because they list transactions above $1,000 in broad value bands and do not disclose exact prices, profits, or whether assets were purchased directly or through managed accounts.
The Broader Picture
The president’s annual financial disclosure — a broader filing that includes business assets and income, such as golf resorts and crypto ventures — is expected in the coming months. That filing will likely provide a more complete picture of Trump’s financial entanglements while in office.
But the latest disclosure raises familiar questions about conflicts of interest. A president whose personal financial holdings include stocks in companies regulated by his own administration faces inherent ethical challenges. Trump has not divested from his business empire, instead placing his assets in a trust run by his children — a structure ethics experts have criticized as insufficient.
The transactions disclosed Thursday span some of the largest names in American technology and finance. Microsoft. Amazon. Meta. Goldman Sachs. Nvidia. Each of these companies has business before the federal government, whether through contracts, regulation, or tax policy.
The Bottom Line
President Trump disclosed at least $220 million in financial transactions from the first three months of 2026, with a cumulative value potentially reaching $750 million. The trades included purchases and sales of securities tied to Microsoft, Meta, Amazon, Nvidia, Apple, Bank of America, and Goldman Sachs. The filing does not specify who placed the trades or in what accounts they occurred. Trump’s assets are held in a trust controlled by his children.
The disclosure is required by federal ethics rules, but it provides only a partial and imprecise snapshot. The president’s fuller annual financial filing is expected in the coming months. For now, the document serves as a reminder that the sitting president remains actively engaged in the stock market — trading in companies whose fortunes his own administration can influence.
