Donald Trump made over 1,000 stock trades in July, with the total value of these transactions ranging from $79 million to $270 million, according to a recent analysis by The Guardian. His largest single-day trades involved selling between $5 million and $25 million in shares of Amazon and Microsoft on July 20. On the same day, he sold up to $5 million in Oracle and Costco stock, between $500,000 and $1 million in Nvidia stock, and purchased up to $5 million in shares of Intuit and Salesforce, among other transactions. These trades are part of a broader pattern of stock activity, with more than 700 sales totaling between $35 million and $137 million and over 440 purchases totaling between $43.5 million and $134 million.
Financial disclosures, which are required for U.S. presidents and vice presidents, include only the date and a range of the transaction amount, not the exact figures. The White House stated that Trump's stock and bond portfolio is "independently managed by third-party financial institutions" and that there are no conflicts of interest in the latest disclosure. According to White House spokesperson Davis Ingle, all holdings are maintained in "discretionary accounts" and invested through computer-based model portfolios that mimic recognized stock indexes, such as the Schwab 1000. Ingle emphasized that neither Trump nor his family can influence investment decisions, which are made entirely by independent managers.
This July disclosure comes as Trump and the Republican Party continue to push for a ban on stock trading by members of Congress. Trump, however, would not be affected by such a ban, as he is the president. A Bloomberg analysis found that Trump made more stock trades than all of Congress combined between the start of his second term and June. His financial disclosures also revealed that he earned over $2.2 billion in the previous year from his business ventures and investments, including $1 billion from cryptocurrency. Additionally, reports showed that Trump gave cash gifts of up to $45,000 to three White House officials, including his personal aide Natalie Harp, which has drawn calls for further investigation from watchdog groups.
The U.S. president, vice president, and members of Congress are legally allowed to trade stocks but must disclose these trades within 45 days of the transaction. However, the practice is widely unpopular with the public. A recent survey by the Economist and YouGov found that around 75% of respondents, including majorities from both major political parties, believe that elected officials should not be allowed to buy or sell individual stocks while in office. The Trump-backed Stop Insider Trading Act, which would prohibit lawmakers and their families from buying publicly traded stocks, passed in the House of Representatives in July. However, the bill would not apply to Trump or his running mate, JD Vance.
Trump's July Stock Transactions Reveal Over $270m in Activity Amid Calls for Legislative Reform
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