Trump’s ethics disclosure reveals Q1 transactions totaling over $220 million, involving NVIDIA, Apple, and Bitcoin miners

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川普道德申報

On May 14, the U.S. Office of Government Ethics (OGE) published two new financial disclosure forms showing that U.S. President Trump reported trading in major U.S. company securities with at least $220 million and up to $750 million during the first quarter of 2026. The trades involved Microsoft, Meta Platforms, Oracle, Broadcom, Bank of America, Goldman Sachs, an S&P 500 index fund, NVIDIA, and Apple, among others, and also included transactions in municipal bonds.

Key disclosed transaction details

Under the scope of the OGE filings, the confirmed transactions are as follows:

Large acquisitions (single transaction in the $1 million to $5 million range):

· S&P 500 index fund

· Nvidia

· Apple

Large sales (single transaction in the $5 million to $25 million range):

· Microsoft

· Amazon

· Meta Platforms

Other confirmed transactions involve Oracle, Broadcom, Bank of America, Goldman Sachs, municipal bonds, and shares of the Bitcoin miner MARA Holdings. The OGE forms do not always clearly specify the exact type of security (stocks or corporate bonds).

Confirmation limits of the filing format

Under federal ethics rules, officials must submit financial disclosure forms. These forms have the following confirmation limits on format:

· Transactions over $1,000 are presented in approximate value ranges rather than specific prices

· Specific profits are not disclosed

· It does not specify whether assets were purchased directly or through custody accounts

· It does not make clear which accounts the transactions occurred in

· Some transactions show that they were executed with a broker acting as an agent

Therefore, the $220 million to $750 million shown in the documents is an approximate range of total transaction volume, not an exact figure.

Response status confirmed by relevant parties

White House Press Office: Redirected the question to the Trump Organization (confirmed by Reuters)

Trump Organization lawyers: As of the time of the report, had not responded

Upcoming filing notice: A more comprehensive annual financial disclosure document (covering complete materials such as business assets, golf resorts, and cryptocurrency investments) is expected to be released in the coming months

Frequently asked questions

What is the total scope of Trump’s reported transactions in this filing, and why is it a range rather than a specific number?

Under federal ethics rules, officials must report transactions exceeding $1,000 using approximate value ranges (rather than specific amounts). Therefore, the $220 million to $750 million range presented in the OGE forms is the approximate range required by official rules, not the actual precise figures. The table also does not disclose specific profits or asset types.

Did this filing disclose information about Trump purchasing shares of the Bitcoin miner MARA Holdings?

According to Blockspace citing the OGE documents, Trump purchased shares of MARA Holdings between January and March 2026. The documents do not specify the exact quantity or amount purchased, and neither the White House nor the Trump Organization provided further clarification.

Does this filing fully disclose all of Trump’s financial activities?

No. This periodic form reports amounts in ranges rather than specific numbers and does not disclose specific accounts, asset types, profits, or counterparties to the transactions. A complete annual financial disclosure covering matters such as business assets, golf resorts, and cryptocurrency investments is expected to be released separately in the coming months.

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