- Trump’s Q1 financial disclosures show purchases of up to $5 million each in Nvidia, Oracle, Microsoft, Boeing, and Costco, with six trades in Intel — a company his administration agreed to take a nearly $9 billion stake in.
- The disclosures span more than 100 pages and report transactions in broad dollar ranges; unlike members of Congress, Trump is not required to specify asset classes.
- His biggest sales came Feb. 10, when he sold Microsoft, Meta, and Amazon stakes worth between $5M–$25M each; he also sold a Vanguard ETF stake worth at least $5 million in January.
- Trump also traded Warner Bros., Paramount Skydance, and Netflix — three companies at the center of a high-stakes media merger battle that raised antitrust questions his administration would adjudicate.
What Happened?
President Trump’s latest financial disclosures, filed with the U.S. Office of Government Ethics and spanning more than 100 pages, reveal a flurry of stock trades in Q1 2026 totaling tens of millions of dollars. The president bought up to $5 million each in Nvidia, Oracle, Microsoft, Boeing, and Costco. He made six transactions involving Intel, a company his administration struck a deal to take a nearly $9 billion government stake in last August. He also traded in Warner Bros. Discovery, Paramount Skydance, and Netflix — three companies at the center of an antitrust-sensitive media acquisition battle. His largest single-day activity came February 10, when he sold stakes in Microsoft, Meta, and Amazon worth between $5 million and $25 million each.
Why It Matters?
The disclosures raise sharp conflict-of-interest questions because Trump’s policy decisions intersect directly with many of the companies in his portfolio. Nvidia’s chips require U.S. government export approval — a power Trump wields — and its CEO Jensen Huang traveled with Trump’s Beijing delegation. The Intel deal was a direct government investment in a publicly traded company. Boeing was also part of the Beijing delegation. Unlike congressional disclosure rules, Trump is not required to identify whether his trades are stocks, bonds, or other instruments, and the White House maintains that independent financial managers — not Trump himself — make the decisions via index-replication programs. Trump, unlike his recent predecessors, did not divest his assets into a blind trust.
What’s Next?
Ethics watchdogs and congressional Democrats are likely to scrutinize the disclosures for instances where Trump’s trades preceded or followed policy decisions that moved those stocks. The Intel stake, the Nvidia export-control regime, and the media merger adjudications are the highest-profile overlap points. The White House has referred questions to the Trump Organization, which has not responded. Whether Congress has the appetite or votes to impose stricter disclosure requirements — or whether courts will weigh in on conflict-of-interest questions — remains an open question in a polarized Washington.
Source: Bloomberg
