Trump discloses over 1,100 stock trades in July, prompting calls for trading ban
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President Donald Trump reported 1,156 securities transactions in July, including holdings in technology, defense and energy firms, leading Senator Elizabeth Warren to urge a prohibition on presidential stock trading.
President Donald Trump filed a disclosure with the Office of Government Ethics showing 1,156 securities purchases and sales in July, valued between roughly $79 million and $270 million. The transactions included shares of major technology companies such as Alphabet, Amazon, Meta, Microsoft, Nvidia and Oracle, as well as defense contractors including GE Aerospace, Lockheed Martin, Northrop Grumman, Palantir and SpaceX. Trades also involved oil and gas firms Chevron and ExxonMobil, and a purchase of up to $500,000 in Axon Enterprise, a maker of law-enforcement equipment.
Senator Elizabeth Warren (D-Mass.) responded on social media, stating, "it should be illegal for the president to trade individual stocks—period." The senator has previously called the president’s trading activity "unprecedented."
A White House spokesperson said the president’s portfolio is managed by independent third-party financial institutions and that neither President Trump nor his family members direct investment decisions. > "All holdings are maintained in discretionary accounts and invested through computer-based model portfolios that automatically replicate recognized indexes," the spokesperson added.
The filing noted that several trades were reported more than 45 days after execution, a timing that conflicts with the Stop Trading on Congressional Knowledge Act, which applies to senior executive officials. Congressional proposals to bar stock trading by elected officials have been introduced but have not yet become law.