Washington, June 21, 2026, 12:46 (EDT)
- Trump’s accounts disclosed $220 million to $750 million of transactions, including large purchases of Nvidia, Apple and an S&P 500 index fund, which tracks the broad U.S. benchmark.
- Direct family holdings include 41% of Trump Media, Eric Trump’s 9.3% stake in American Bitcoin and separate 5.23% stakes in Dominari Holdings held by Eric and Donald Trump Jr.
- U.S. exchanges were closed Friday for Juneteenth and remain shut for the weekend, with trading due to resume Monday.
Donald Trump’s earlier reported purchases of Nvidia and Apple drew fresh attention after both stocks rose in Thursday’s chip rally. Nvidia closed at $210.69, up 2.8%, while Apple gained 0.6% to $298.01. The delayed disclosures do not establish whether the managed accounts still held every position at Thursday’s close.
The holdings matter because they span semiconductors, banks, energy and digital assets, sectors where federal policy can shift demand, costs or regulation. The filings do not show that Trump personally selected the securities. James Kardatzke, chief executive of political-trading tracker Quiver Quantitative, called them “the first trades in public stocks that Trump, or any active president, has disclosed while in office.” Investopedia
The main first-quarter form logged 3,642 transactions across 1,026 companies and funds between January 6 and March 30, including 2,346 purchases and 1,296 sales. David Salem, a portfolio manager at Hedgeye Asset Management, said the pattern resembled “classic tax-loss harvesting activity” and “direct indexing” — selling losing positions to offset taxable gains while owning individual stocks that mimic an index. The Trump Organization said independent third-party managers control the accounts and that Trump and his family neither direct trades nor receive advance notice. CBS News
Wall Street finished the holiday-shortened week higher. The S&P 500 gained 0.93%, the Nasdaq 2.43% and the Dow 0.71%; the Philadelphia semiconductor index surged 6.4% on Thursday alone. Intel, which is trying to narrow Taiwan Semiconductor Manufacturing Co.’s lead in contract chipmaking, jumped 10.6% to $133.99 after Trump said Apple had agreed to work with Intel on U.S. chip design and production. Apple and Intel did not immediately confirm the agreement to Reuters.
Among the disclosed direct holdings, Trump Media is the largest by current market value. The Donald J. Trump Revocable Trust holds 114.75 million shares, with Donald Trump Jr. serving as sole trustee and the president as sole beneficiary. At Thursday’s $8.49 close, the stake had a market value on paper of about $974 million; Trump Media is also seeking to close its proposed merger with fusion-energy developer TAE Technologies in the fourth quarter or sooner.
Eric Trump beneficially owned 68.43 million shares, or 9.3%, of bitcoin miner American Bitcoin, which ended Thursday at $0.8504. Donald Trump Jr.’s interest in that company has not been publicly quantified. Each brother also reported owning 1.182 million Dominari shares, equal to 5.23% apiece; the investment-banking and brokerage company closed at $3.37 and had a market value of about $61 million.
Taken together, the disclosures resemble a barbell. One side holds diversified index exposure and large technology companies; the other contains concentrated, company-specific risks in social media, bitcoin mining and a small financial firm. It is not one clean bet on a sector or index.
The next test arrives Wednesday, June 24, when Micron Technology reports earnings, giving investors a fresh reading on artificial-intelligence demand and spending on data centres. The Federal Reserve’s preferred inflation gauge and a final first-quarter economic-growth reading are also due. Semiconductor demand is “just through the roof in relation to chip capacity,” said Steve Kolano, chief investment officer at Integrated Partners. Reuters
But the picture can change quickly. Federal reports may arrive as much as 45 days after a trade and disclose ranges rather than exact purchase prices or profits; weak Micron guidance, hotter inflation or falling bitcoin prices could pressure several of the exposures at once. Trump Media reported a $405.9 million first-quarter net loss, mostly from paper losses on digital assets and securities that had not been sold, alongside $2.1 billion of financial assets and just $0.9 million of quarterly revenue.
