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Donald Trump reported a huge pile of stock activity in the first quarter of 2026, with new ethics filings with the U.S. Office of Government Ethics showing more than 3,700 financial transactions tied to his holdings, with the total value sitting somewhere between $220 million and $750 million.
The stocks in the filings were mostly tech. Trump bought and sold securities linked to Nvidia (NVDA), Microsoft (MSFT), Amazon (AMZN), Meta Platforms (META), ServiceNow (NOW), Adobe (ADBE), Oracle (ORCL), Broadcom (AVGO), Motorola Solutions (MSI), Texas Instruments (TXN), Dell Technologies (DELL), Visa (V), Citigroup (C), Boeing (BA), Qualcomm (QCOM), GE Aerospace (GE), and Intel (INTC). The whole thing reads like a market screen with politics breathing down its neck.
Trump packed his first-quarter filings with tech trades worth millions
These documents reveal about three dozen transactions ranging between $1 million and $5 million each. In his buying spree, he managed to get securities relating to ServiceNow (NOW), Nvidia (NVDA), Adobe (ADBE), Microsoft (MSFT), Oracle (ORCL), Broadcom (AVGO), Motorola Solutions (MSI), Amazon (AMZN), Texas Instruments (TXN), and Dell Technologies (DELL).
However, the sales were also significant, and the four largest sales for the quarter were in technology stocks. For instance, on February 10, he sold securities relating to Microsoft (MSFT), Amazon (AMZN), and Meta Platforms (META), each falling within the range of $5 million to $25 million. The document revealed that there were many more transactions made on that day.
However, the filings did not give specific transaction values, number of shares traded, and exact gains since these figures are only ranges that allow the general public to understand the magnitude of each transaction. The profit math comes from Reuters calculations.
NOTUS reported that some of the trading dates lined up with company news. One example was Nvidia (NVDA). Trump bought between $1 million and $5 million in Nvidia securities on Feb. 10. One week later, Nvidia announced a major chip agreement with Meta Platforms (META).
Another Nvidia trade landed before a government decision. Trump bought between $500,000 and $1 million of Nvidia stock about one week before the Commerce Department cleared the sale of some Nvidia chips to China.
The filings do not indicate whether Trump had authorized any trade in this regard. Some filings used the term “unsolicited,” but the filings did not clarify the meaning of the label used.
Trump reported Nvidia, Intel and Boeing trades while policy news circled those companies
According to the Trump Organization, all holdings are held within the fully discretionary accounts handled by external financial firms. According to a spokesman for the organization, “President Trump’s investment holdings are held only within fully discretionary accounts managed independently by third-party financial institutions that have sole discretion over all investment decisions.”
The same statement said, “Trades are executed and portfolios are balanced through automated investment processes and systems administered by those institutions.”
The spokesperson also said, “Neither President Trump, his family, nor The Trump Organization plays any role in selecting, directing, or approving specific investments. They receive no advance notice of trading activity and provide no input regarding investment decisions or portfolio management of any kind.”
The filings listed 15 transactions tied to Nvidia in the first three months of the year, just as the chipmaker sits right in the middle of the AI chip race with China, and of course the market’s obsession with anything linked to advanced computing.
On Wednesday, Trump wrote on his social media platform, “I will be asking President Xi, a Leader of extraordinary distinction, to ‘open up’ China so that these brilliant people can work their magic.” He was talking about U.S. company executives.
The filings also listed six Intel (INTC) transactions. Intel’s stock has climbed more than 200% so far this year. The U.S. government also took a direct stake of nearly 10% in the company last year.
Boeing (BA) appeared seven times in the filings. One Boeing purchase was valued between $1 million and $5 million. U.S. special envoy Paolo Zampolli also sits inside this picture because he has worked to push Boeing sales overseas. Paolo traveled with Vice President JD Vance to Hungary last month.
Paolo told the Financial Times, “Whenever people see me, they want something. They want access to the president.” Paolo added, “I tell them: ‘Buy Boeing.’ If you want to make the president happy, buy Boeing. It’s the simplest thing in the world.”
Ingle rejected the conflict claim in a statement. Ingle said, “There are no conflicts of interest.” Ingle also said, “President Trump only acts in the best interests of the American public — which is why they overwhelmingly re-elected him to this office, despite years of lies and false accusations against him and his businesses from the fake news media.”
U.S. presidents can hold and trade stocks while serving in office. They must disclose those transactions.
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