Trump’s Investment Portfolio Reports Over 1,000 Trades in June Valued Up to $263 Million

President Donald Trump’s investment accounts reported 1,051 securities transactions in June, with an estimated combined value ranging from $78.1 million to $263.1 million. The filing revealed large trades involving Berkshire Hathaway, Visa, Mastercard, Meta and Coinbase, renewing scrutiny of Trump’s financial interests while in office.

Filing Shows More Than 550 Purchases

The U.S. Office of Government Ethics published the periodic transaction report on Aug. 22. It listed more than 550 purchases and 450 sales across individual stocks, bonds and exchange-traded funds.

Federal disclosures report transactions within value ranges rather than providing exact figures. Therefore, the filing does not reveal the precise amount invested or sold during the month. Officials must generally disclose purchases, sales or exchanges of securities worth more than $1,000.

Trump’s largest reported transaction was the June 22 sale of between $5 million and $25 million in shares of Vanguard’s Dividend Appreciation Index Fund ETF.

On the same day, his accounts bought between $1 million and $5 million each in Fidelity National Information Services and Home Depot. The filing also showed several smaller transactions involving the same companies during June.

Accounts Add Berkshire, Visa and Mastercard

Trump’s investment accounts made several large stock purchases on June 18. They bought between $1 million and $5 million each in Berkshire Hathaway, Cintas, Visa and Mastercard.

The Berkshire transaction marked the first reported purchase of the company’s shares by Trump’s accounts. However, the portfolio sold between $1 million and $5 million of Berkshire stock on June 24.

Meanwhile, the accounts sold between $1 million and $5 million each in Meta Platforms and Motorola Solutions on June 18. Smaller Meta purchases appeared later in the month.

The timing attracted attention because several transactions occurred around significant economic and geopolitical developments, including a U.S.-Iran peace agreement and a shift in market expectations following the Federal Reserve’s June meeting. Still, the disclosure provides no evidence that Trump personally ordered the trades or used nonpublic information.

Palantir and Coinbase Appear in the Filing

The portfolio also traded companies with direct exposure to federal policy, including defense software provider Palantir and cryptocurrency exchange Coinbase.

Trump’s accounts bought between $1,001 and $15,000 of Palantir shares on June 3. They later sold between $15,001 and $50,000 on June 16 and between $500,000 and $1 million on June 18 before making additional purchases on June 23 and June 24.

The filing also included transactions involving defense contractors RTX and Northrop Grumman. These companies rely heavily on federal contracts, making the president’s financial exposure to their shares a focus for government ethics experts.

Coinbase appeared among the reported June transactions, although publicly available summaries did not identify it as one of the month’s largest positions. Earlier 2026 filings showed multiple Coinbase purchases, including one valued between $100,001 and $250,000.

The Coinbase trades carry additional relevance because the Trump administration has taken an active role in cryptocurrency regulation. Trump and his family also maintain separate financial interests in crypto ventures, including World Liberty Financial and the TRUMP memecoin.

White House Denies Conflict of Interest

The White House said independent financial institutions manage Trump’s stock and bond portfolio through discretionary accounts. According to the administration, computer-based models automatically replicate recognized indexes and determine when securities are bought or sold.

The White House also said Trump and his family cannot direct or influence individual investment decisions. The investment accounts remain in a revocable trust overseen by Donald Trump Jr.

The management structure differs from a traditional blind trust because Trump’s financial disclosures continue to identify individual securities and transaction ranges. Previous presidents generally reduced potential conflicts by selling individual holdings or limiting their portfolios to broadly diversified funds.

Government ethics experts have argued that holding individual stocks can create the appearance of a conflict even if third-party managers execute the trades. Presidential decisions involving tariffs, federal contracts, financial rules, technology policy or cryptocurrency regulation can directly affect many of the companies in the portfolio.

However, presidents remain exempt from some federal conflict-of-interest laws that apply to other executive branch officials. The disclosure itself does not establish wrongdoing.

Trading Activity Extends Beyond June

The June filing follows a much larger annual disclosure showing that Trump’s investment accounts recorded more than 21,000 securities trades in 2025. Those transactions had a reported value ranging from approximately $600 million to $1.86 billion.

Earlier filings covering the first quarter of 2026 disclosed at least $220 million in transactions, with the upper estimate reaching about $750 million. Those trades involved companies including Nvidia, Microsoft, Apple, Amazon, Oracle, Meta and major U.S. banks.

The volume of transactions reflects an automated strategy known as direct indexing. Instead of buying a single index fund, the strategy holds and trades the individual securities within an index. Managers can then sell selected positions to capture tax losses while maintaining similar market exposure.

That structure may explain the unusually high number of transactions. However, Trump’s continued ownership of individual securities ensures that his portfolio and its connection to government policy will remain under public scrutiny.