Trump made over 1,000 stock trades worth up to $270m in July, disclosure shows
A newly released financial disclosure shows US President Donald Trump made more than 1,000 stock trades in July, worth up to $270m combined. The White House says the portfolio is managed independently by third parties.
A Guardian analysis of Donald Trump's latest financial disclosure, released Tuesday, shows the president made more than 1,000 stock sales and purchases in July, with a combined value ranging from $79m to $270m.
His largest sales came on 20 July, when he sold between $5m and $25m each of Amazon and Microsoft stock. The same day he also sold up to $5m of Oracle and Costco shares, between $500,000 and $1m of Nvidia stock, and purchased up to $5m of Intuit and Salesforce shares, among dozens of other transactions.
In total, Trump made more than 700 sales worth between $35m and $137m, and more than 440 purchases worth between $43.5m and $134m. Financial disclosures required by law only list a transaction date and a value range rather than an exact figure.
White House response
White House spokesperson Davis Ingle said Trump's stock and bond portfolio is independently managed by third-party financial institutions through computer-based model portfolios that automatically replicate recognized indexes such as the Schwab 1000. He said neither Trump nor any family member has any ability to direct or influence investment decisions.
The disclosure comes as Trump and the Republican party continue to push for a ban on stock trading by members of Congress — legislation that would not apply to the president himself. A Bloomberg analysis found Trump made more trades than the entire Congress combined between the start of his second term and June.
Trump's last annual disclosure showed he earned more than $2.2bn last year from his businesses and investments, including $1bn in crypto revenue. The Senate's joint economic committee also found Trump made up to $15.5m from oil and gas investments, boosted by gas prices linked to the US conflict with Iran.
A recent survey found about 75% of respondents, including majorities of both Democrats and Republicans, believe elected officials should not be allowed to trade individual stocks while in office. A Trump-endorsed bill barring lawmakers and their families from stock purchases passed the House in July, though it would exempt both Trump and Vice-President JD Vance.
