INV-057 · Money & ethics · Conflicts of interest
Trump's personal stock trades and companies he praised
Stage 2 of 5: Inquiry · Letters and records requests · Last development Sep 2026
Trump's disclosure reports show tens of thousands of stock trades in accounts held for him since he returned to office, more than all members of Congress combined according to a Bloomberg count. In several cases his accounts bought shares in a company shortly before he praised it in public, including Dell, Thermo Fisher and Micron. Sen. Warren and Rep. Garcia have asked him whether he directed any of the trades. The White House and the Trump Organization say the accounts are managed independently by financial institutions.
Disclosures give only value ranges and are filed weeks later. The managers say the trades are automated. No official finding shows that Trump directed any trade or used non-public information. Trade volume is not money gained.
- People
- Donald Trump
- Agencies
- White House
- Reviewed by
- Sen. Warren & Rep. Garcia
Money involved
- $600 million Value of Trump's 2025 trades, reported only as a range of $600M to $1.86B (trade volume, not money gained) (Other amounts, not totaled, estimate) [3]
Timeline
A Bloomberg analysis counts about 28,700 trades in Trump's accounts in 17 months, more than all members of Congress combined. [3]
Sen. Warren and Rep. Robert Garcia, top Democrat on the House Oversight Committee, ask Trump whether he directed the Dell, Micron and other purchases and who manages his accounts; answers were due 28 August. [4]
His annual financial disclosure shows more than 21,000 trades in 2025, worth $600 million to $1.86 billion in the value ranges the form uses. [3]
His first-quarter transaction reports, filed in May, list about 3,600 transactions over 90 days. [3]
The day after his account's latest Micron purchase (between $217,000 and $530,000 of Micron stock bought from 2 to 25 March), Trump tells Fox's "The Five": "I just left the head of Micron. It's one of the hottest companies." [2]
Trump tours a Thermo Fisher plant in Ohio and calls it "a great company". His account buys $15,000 to $50,000 of the company's stock that day, after purchases on 12 February and 2 March; up to $215,000 in total over the month. [2]
In a speech in Georgia, Trump tells the audience to "go out and buy a Dell computer". [2]
An account of Trump's buys $1 million to $5 million of Dell stock, according to his disclosure. [1]
Responses
- Trump Organization spokesperson: "President Trump's investment holdings are maintained exclusively through fully discretionary accounts independently managed by third-party financial institutions", using "automated investment processes and systems administered by those institutions". [2]
- White House spokesman Davis Ingle: Says third-party institutions manage the portfolio through "computer-based model portfolios that automatically replicate recognized indexes, such as the Schwab 1000," and that "there are no conflicts of interest." In May the White House had described the assets as held in a trust managed by the president's children. [3]
- Eric Trump: Said any suggestion that a family member was buying individual stocks "would be a lie and blatantly false." [3]
Who is acting on it
- Letter Sen. Elizabeth Warren (D-MA), Rep. Robert Garcia (D-CA): Asked Trump whether he directed the Dell, Micron and other purchases in his accounts and who manages them (12 Aug 2026, No reply or result recorded yet)
Sources
- OGE Form 278-T, Trump, filed 12 May 2026 (transactions Feb–Mar 2026)
- Popular Information via Mother Jones, 20 May 2026
- Fortune (citing Bloomberg), 19 Sep 2026
- Letter from Sen. Warren and Rep. Garcia to President Trump, 12 Aug 2026
- OGE presidential disclosure index (all of Trump's periodic transaction reports)
Cite this case
Public Trust Tracker. "Trump's personal stock trades and companies he praised" (INV-057). Last updated Sep 2026. https://publictrusttracker.org/case/inv-057-trumps-personal-stock-trades-and-companies-he-praised/
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