Trump Disclosure Shows $220 Million in Securities Trades

U.S. President Donald Trump reported at least $220 million in financial transactions involving U.S.

corporate securities and municipal bonds in the first three months of 2026, according to two financial disclosure forms released Thursday by the U.S. Office of Government Ethics.

The filings list transactions in broad value ranges rather than exact amounts, putting the cumulative value between $220 million and about $750 million. The reports cover trades of more than $1,000 and do not show specific prices or profits.

The disclosures list purchases tied to companies including Microsoft, Meta Platforms, Oracle, Broadcom, Bank of America and Goldman Sachs, along with municipal bonds. Examples of large purchases—each valued between $1 million and $5 million—were an S&P 500 Index fund, Nvidia Corp. and Apple Inc.

The filings also show sizable sales. Examples of large sales—each valued between $5 million and $25 million—were Microsoft, Amazon and Meta. The documents do not always specify the type of security involved, such as whether a transaction was in stock or a corporate bond.

What the ethics forms do—and do not—show

Financial disclosure forms required under federal ethics rules provide only a partial snapshot of an official’s activity. They list transactions above $1,000 in broad value bands and do not indicate exact prices, gains or losses, or whether assets were purchased directly or through managed accounts.

The filings also do not make clear in what accounts the transactions took place or who placed the trades. Trump’s assets are held in a trust controlled by his children, and some entries indicate a broker acted as an agent, according to the disclosures.

Questions about execution and future filings

The White House press office referred questions to the Trump Organization, and an attorney for Trump Org did not immediately respond to a request for comment. The disclosures follow other public ethics filings since Trump returned to the White House last year that reported transactions in municipal debt and securities issued by major corporations.

Trump’s annual financial disclosure, a broader filing that includes business assets and income, is expected in the coming months.