Key facts
- Donald Trump made over 1,000 stock trades in July, valued between $79 million and $270 million.
- His largest sales were of Amazon and Microsoft stock, each between $5 million and $25 million.
- He sold up to $5 million in Oracle and Costco stock, and $500,000 to $1 million in Nvidia on July 20.
- Trump purchased up to $5 million in Intuit and Salesforce shares on the same day.
- The White House stated Trump's portfolio is managed by third-party financial institutions with no input from him or his family.
- A bill championed by Trump, the Stop Insider Trading Act, would prohibit lawmakers from trading stocks but would not affect him or JD Vance.
Donald Trump engaged in over a thousand stock transactions in July, with a total value estimated between $79 million and $270 million, according to an analysis by The Guardian of his latest financial disclosure. The filings, required by law for presidents and vice-presidents, detail transaction amounts within a range and the date of the trade.
Among his largest sales on July 20 were Amazon and Microsoft stock, each valued between $5 million and $25 million. On the same day, he also sold between $5 million and $10 million in Oracle and Costco stock, and $500,000 to $1 million in Nvidia. His purchases that day included up to $5 million worth of Intuit and Salesforce shares, alongside numerous other transactions.
Overall, Trump made more than 700 sales totaling between $35 million and $137 million, and more than 440 purchases totaling between $43.5 million and $134 million.
A White House spokesperson, Davis Ingle, stated that Trump's stock and bond portfolio is managed by independent third-party financial institutions and that neither Trump nor his family has any ability to influence investment decisions. The portfolio is invested through computer-based model portfolios that replicate recognized indexes.
The disclosure comes as Trump and the Republican party advocate for a ban on stock trading among members of Congress. A Bloomberg analysis found Trump made more trades than all of Congress combined between the start of his second term and June. His previous annual disclosures revealed over $2.2 billion in earnings from his businesses and investments last year, including $1 billion in crypto revenue. Separately, Trump made up to $15.5 million from oil and gas investments due to rising gas prices linked to the US war with Iran.
While elected officials are legally permitted to trade stocks, the practice is unpopular with voters. A recent survey indicated that about 75% of respondents believe elected officials should not be allowed to buy and sell individual stocks while in public office. The Trump-endorsed Stop Insider Trading Act, passed by the House of Representatives in July, would prohibit lawmakers and their families from trading publicly traded stocks, though it would not affect Trump or Senator JD Vance.