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Ethics Filings Show Trump Bought More Than $100 Million in Bonds Since January

White House officials say an outside manager handles the portfolio under certified ethics disclosures.

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U.S. President Donald Trump speaks to the media during a tour of the Federal Reserve Board building, which is currently undergoing renovations, in Washington, D.C., U.S., July 24, 2025. REUTERS/Kent Nishimura/File Photo
President Donald Trump at Trump Turnberry golf club in Scotland on July 28, 2025.

Overview

  • An Aug. 12 Office of Government Ethics report details roughly 690 purchases made from Jan. 21 to Aug. 1.
  • Media calculations based on the filings’ lower value ranges put the total at about $100 million to $103 million.
  • Holdings include corporate bonds from Citigroup, Morgan Stanley, Wells Fargo, Meta, Qualcomm, The Home Depot, T‑Mobile USA and UnitedHealth, along with hundreds of municipal issuers.
  • The disclosure lists only broad dollar ranges for each transaction and reports no sales during the period.
  • Watchdogs cite potential conflicts because the assets touch sectors affected by federal policy, noting recent presidents typically divested or used blind trusts.