Trump's Investment Portfolio Sees Over 1,000 Trades in June
The investment accounts of President Donald Trump reported an estimated combined value ranging from $78.1 million to $263.1 million in June, based on a filing submitted by the U.S. Office of Government Ethics.
The periodic transaction report listed over 550 purchases and 450 sales across individual stocks, bonds, and exchange-traded funds, including large trades involving Berkshire Hathaway, Visa, Mastercard, Meta, and Coinbase.
According to the filing, Trump's largest reported transaction was the sale of between $5 million and $25 million in shares of Vanguard's Dividend Appreciation Index Fund ETF on June 22. On the same day, his accounts bought between $1 million and $5 million each in Fidelity National Information Services and Home Depot.
The White House denied any conflict of interest, stating that independent financial institutions manage Trump's stock and bond portfolio through discretionary accounts, using computer-based models to replicate recognized indexes and determine when securities are bought or sold.
Government ethics experts have argued that holding individual stocks can create the appearance of a conflict, even if third-party managers execute the trades. Presidential decisions involving tariffs, federal contracts, financial rules, technology policy, or cryptocurrency regulation can directly affect many of the companies in the portfolio.