Trump’s Q1 Tech Stock Buys Revealed in Ethics Filings
CNBC reported Friday that President Donald Trump made an extraordinary volume of stock trades in the first quarter of 2026, with Trump tech stocks dominating new disclosures filed with federal ethics regulators.
The filings, submitted to the U.S. Office of Government Ethics, logged more than 3,700 individual transactions. The cumulative value ranged from $220 million to $750 million, according to Reuters. Exact figures were not listed, as federal rules permit ranges rather than precise amounts.
Tech Giants Sit at the Top of Trump’s Buy List
Among the largest purchases, Trump acquired securities across roughly three dozen companies. Holdings added between $1 million and $5 million each included Nvidia, Microsoft, Amazon, Oracle, Broadcom, Motorola, Dell, ServiceNow, Texas Instruments, and Adobe. The tech sector dominated both the buy and sell columns throughout the quarter.
Trump’s four biggest sell-offs were also concentrated in tech. On February 10 alone, he offloaded between $5 million and $25 million in Microsoft, Amazon, and Meta securities. Dozens of additional transactions were recorded on the same date.
Timing of Trades Draws Scrutiny
The sequencing of some trades has attracted attention from journalists. News outlet NOTUS reported Thursday that a Nvidia purchase of between $1 million and $5 million occurred roughly one week before the company announced a major chip deal with Meta. A separate Nvidia purchase, valued between $500,000 and $1 million, preceded the Commerce Department’s formal approval of certain Nvidia chip exports to China by approximately one week.
The disclosures do not indicate whether Trump personally directed any of the transactions. Several trades carry an “unsolicited” label, though its precise meaning in this context remains unclear. The Office of Government Ethics did not respond to CNBC’s request for clarification.
White House Cites Trust Structure, Denies Conflicts
White House spokesman Davis Ingle said in a statement to CNBC that all of the president’s assets are held inside a trust overseen by his children. “There are no conflicts of interest,” Ingle said, adding that Trump acts exclusively in the public’s interest.
Under current law, sitting presidents are not barred from holding or trading individual securities. They are, however, required to report those transactions to federal ethics officials. Trump’s full annual financial disclosure is expected to be published later this year. The Q1 filings only covered securities transactions exceeding $1,000 and exempted assets such as mutual funds, Treasury bonds, and real estate.
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