Donald Trump’s investment accounts executed over 3,700 trades in the first quarter, representing a tenfold increase in activity driven by large wagers on Big Tech stocks.
The massive portfolio maneuvers included million-dollar purchases and strategic paring of leading artificial intelligence and tech companies.The disclosures, filed with the U.S. Office of Government Ethics, highlighted several notable transactions and contextual events:
- Nvidia (NVDA): The accounts purchased at least (\$1.75) million worth of Nvidia stock in the first quarter, including a (\$500,000) purchase on Jan. 6. Just a week later, the administration cleared the way for Nvidia to send its H200 AI chips to China.
- Dell Technologies (DELL): On Feb. 10, the accounts bought shares in a transaction worth between (\$1) million and (\$5) million. Around a week later, President Trump publicly praised CEO Michael Dell and commended his company at an event in Georgia.
- Portfolio Adjustments: Managers sold off sizable portions of the president’s Microsoft and Amazon holdings during the quarter to fund these Big Tech investments.
- In response to the filings, the Trump Organization issued a statement noting that the assets are independently managed by several financial institutions.
- The organization stated that neither President Trump, his family, nor the Trump Organization play any role in directing the trades or receive advance notice of portfolio changes.
