Trump made 3,642 stock trades in Q1 2026, filings show

President Donald Trump logged 3,642 stock trades between Jan. 1 and March 31, 2026, according to a 113-page OGE Form 278-T disclosure. The filing departs from the recent practice of placing presidential holdings in qualified blind trusts.

The transactions average roughly 60 trades per trading session. The filing lists purchases of Nvidia, Microsoft, Broadcom, Amazon and Apple, with most purchases reported between $1 million and $5 million per line item. It also records hundreds of sales that range from about $15,000 up to $25 million per entry.

The White House said the filing complies with the STOCK Act, the 2012 law that requires public disclosure of trades by executive branch officials.

Several holdings correspond with administration policy priorities. The filing shows positions in Nvidia, Broadcom and AMD alongside initiatives to boost domestic semiconductor production and recent tariff changes affecting Asian supply chains. Large positions in JPMorgan Chase, Goldman Sachs and Visa appear amid a deregulatory agenda pursued through 2026. Purchases of Coinbase, Robinhood and SoFi come during a pro-crypto policy period that included executive orders, the creation of a federal Bitcoin reserve and the establishment of a Trump Accounts retirement program; Robinhood is listed as the program’s initial trustee.

The filing shows multiple seven-figure purchases of Dell Technologies beginning Feb. 10. On May 8, the president publicly praised Dell at a White House event and the company’s stock rose about 12% that day. The Dell family pledged $6.25 billion to the Trump Accounts program in December 2025.

Treasury Secretary Scott Bessent wrote on social media in August 2025 that he was pushing for a ban on single-stock trading in Congress and criticized lawmakers who earn what he called ‘hedge-fund level returns.’ The same arguments have been applied to trading by executive-branch officials.

The STOCK Act requires disclosure but does not prohibit federal officials from trading. Whether the president’s portfolio prompts formal ethics reviews will depend on inquiries by the Office of Government Ethics, House and Senate ethics committees and any additional investigations that may be opened.

Presidents since Lyndon B. Johnson have generally used qualified blind trusts to limit conflicts. Jimmy Carter liquidated his business interests, Barack Obama held Treasury notes and index funds, and Joe Biden used a blind-trust arrangement during his term. The newly disclosed trading activity departs from that recent practice.