The U.S. Office of Government Ethics on Thursday released two financial disclosure forms showing President Donald Trump executed large-scale securities transactions in the first quarter of 2026. The filings report cumulative trade values in ranges, landing between $220 million and approximately $750 million. This marks Trump's largest single-quarter financial disclosure since returning to the White House, reigniting ethical concerns about his holding sizable financial assets while in office.
Million-Dollar Buys: NVIDIA, Apple, S&P 500 Fund
Big-ticket purchases valued between $1 million and $5 million each include an S&P 500 index fund, NVIDIA, and Apple. This contrasts with Trump's historical focus on traditional finance and real estate, signaling growing attention to the AI semiconductor sector. The filings also show holdings in Microsoft, Meta, Oracle, Broadcom, Bank of America, and Goldman Sachs, spanning asset classes including municipal bonds.
Multi-Million-Dollar Sells: Microsoft, Amazon, Meta Slashed
On the sell side, individual trades ranging from $5 million to $25 million involved Microsoft, Amazon, and Meta. All three faced market headwinds in Q1: Microsoft's AI investment returns faced skepticism, Amazon confronted antitrust pressure, and Meta struggled with slowing ad revenue growth.
Limited Disclosure, Full Report Pending
The filings do not specify security types (e.g., common stock vs. corporate bonds), nor do they identify trading accounts or order originators. Trump's assets are held in trusts controlled by his children; some trades show brokers acting as agents. The White House press office referred questions to the Trump Organization, whose lawyers did not immediately respond to requests for comment. Such disclosures are mandated by federal ethics law but only cover trades exceeding $1,000, reported in broad ranges without revealing prices, profits, or whether assets were bought directly or via managed accounts. Trump's comprehensive annual financial report, covering his golf resorts and crypto ventures, is expected in the coming months.