A financial disclosure released on 22 September 2026 has revealed that more than 1,000 individual stock trades were made in Donald Trump‘s name during July 2026.
The filing, required under the Ethics in Government Act of 1978, shows a significant surge in financial activity for the US President. The total value of the transactions for that month alone is estimated to be between $79 million and $270 million (approximately £59 million to £202 million).
According to the disclosure, major movements took place on 20 July 2026, when shares in technology giants Microsoft and Amazon, worth between $5 million and $25 million each, were sold.
The Rise of SpaceX and Big Tech
One of the most notable features of the new portfolio is the presence of SpaceX. The aerospace firm, led by Elon Musk, launched a record-breaking Initial Public Offering (IPO) on the Nasdaq in June 2026. Following that transition to a public company, the President’s disclosure now confirms both purchases and sales of SpaceX shares.
Management and Ethics
The White House has defended the volume and timing of the trades, maintaining that the President is not involved in the day-to-day management of his finances. White House spokesperson Davis Ingle stated that the holdings are kept in “discretionary accounts managed by third-party financial institutions” without direct input from the President.
Despite these assurances, the scale of the trading has drawn attention to the intersection of personal wealth and government policy.
Public disclosures of this nature provide value ranges rather than exact transaction figures, making it difficult to pinpoint precise profits or losses. However, the filings remain a primary tool for the US Office of Government Ethics to identify potential conflicts of interest regarding federal contracts and national policy decisions.
Full details of the disclosure are accessible via the US Office of Government Ethics, which monitors the financial interests of high-ranking officials to ensure compliance with federal law.