In August, President Trump purchased at least $1 million worth of stock in each of Meta, McDonald’s, and Microsoft, as well as at least $1 million in SpaceX bonds, continuing a pattern of frequent trading unprecedented for a sitting president.
Trump—or the managers handling his investments—buys and sells stocks and bonds thousands of times each quarter, involving tens of millions of dollars and numerous major corporations that had dealings with the Trump administration. The latest financial disclosure released Thursday by the U.S. Office of Government Ethics lists 517 transactions he completed in August.
The 18-page filing reveals that the largest single transaction was the purchase of Meta stock, valued between $5 million and $25 million. Officials are required to report only broad value ranges for transactions rather than exact figures.
Trump also traded shares of Nvidia and AMD, both key players in the artificial intelligence race. The Trump administration actively supported the AI industry, and AI emerged as a significant issue during the midterm elections, with candidates clashing over data center and security policies.
Additionally, Trump purchased stock in companies such as Comcast, Netflix, Abbott Laboratories, ConocoPhillips, and Chevron, with investments of at least $1 million in each.
The filings also list trades in municipal bonds and a purchase of SpaceX bonds on August 18 that do not mature until July 2031. Trump also bought at least $51,000 worth of Tesla stock.
Unlike his predecessors, Trump did not sell off his assets or place them into a blind trust managed by an independent trustee. He is the only president this century to actively trade stocks through a brokerage account while in office. At the same time, however, Trump has supported legislation to ban members of Congress from trading stocks.
Trump’s vast business empire is managed by his two sons, with many of the enterprises linked to presidential policies. However, the Trump Organization stated that Trump’s stock and bond investments are independently managed by third-party financial institutions, and that these institutions control all investment decisions.