President Trump's accounts record $212-$695 million in stock trades over first quarter
Select a version of the text written from a presumed ideological perspective. This is not the original text, but a hypothetical version — how someone with that viewpoint might have phrased it. Tapping the current version again will return to the original or select cleaned version.
Federal disclosures show the president's investment accounts executed more than 3,600 trades worth between $212 million and $695 million from Jan. 6 to March 30, prompting ethics concerns and calls for investigation.
Federal filings released in May reveal that President Trump’s investment accounts carried out 3,642 securities transactions involving 1,026 companies between Jan. 6 and March 30, 2026. The trades, valued between $212 million and $695 million, included 2,346 purchases and 1,296 sales, with technology firms such as Microsoft, Amazon, Meta, Netflix, Oracle and AMD among the most frequently traded.
The volume and timing of the trades have drawn criticism from ethics experts and Democratic lawmakers. Senator Elizabeth Warren called for an investigation into possible insider trading, citing large sales of Microsoft, Amazon and Meta on Feb. 10 and purchases of Nvidia stock on Jan. 6 that preceded a policy change easing export controls on the company’s AI chips.
The Trump Organization said the portfolio is managed by independent third-party investment managers and that the president and his family have no influence over investment decisions. A portfolio manager who reviewed the data suggested the activity reflects a tax-loss harvesting strategy, noting that a spike in purchases on March 23 coincided with index rebalancing by major benchmarks.
Investment professionals expressed uncertainty about the rationale for the high frequency of trades, with one adviser stating he had never seen a strategy that would justify such activity. Legal scholars highlighted that, unlike most recent presidents who placed assets in blind trusts, Trump’s accounts are not blind, raising concerns that he could be aware of holdings that might be affected by his official actions.
Calls for legislative action have intensified, with proposals to ban stock trading by federal officials, including the president, and to require divestiture upon taking office. The Treasury Secretary declined to open an investigation, emphasizing that an outside manager, not the president, conducts the trading.