Trump’s More Than 3,700 Trades Astonish Wall Street Insiders

Trump’s More Than 3,700 Trades Astonish Wall Street Insiders 1 / 4 Trump’s More Than 3,700 Trades Astonish Wall Street Insiders Bill Allison and Jessica Menton Sat, May 16, 2026 at 9:10 PM GMT+7 7 min read AMZN NVDA BA DLTR NFLX (Bloomberg) -- President Donald Trump’s latest financial disclosures show that he or his investment advisers made more than 3,700 trades in the first quarter, a flurry totaling tens of millions of dollars and involving major companies that have dealings with his administration. Winners and Losers From Trump and Xi’s Beijing Summit Talks Hormuz Oil Flows Creep Higher as More Supertankers Exit What Is The Thucydides Trap and Why Did Xi Raise It With Trump? Iran’s Kharg Island Oil Jetties Empty Again Yesterday, Satellite Shows Nigerian Tycoon Femi Otedola Buys £53 Million London Mansion The transactions, spelled out in more than 100 pages of documents filed Thursday with the US Office of Government Ethics, list purchases and sales in broad ranges, making it hard to calculate an exact value. But the volume of trading — more than 40 per day over a three-month period — stands out as much as the potential dollar value. “This is an insane amount of trades,” said Matthew Tuttle, chief executive officer of Tuttle Capital Management, in an interview, adding that it looks more like something done by “a hedge fund with massive algo trades” that buys and shorts securities than a personal account. In the first quarter, the president bought at least $1 million each in companies including Nvidia Corp., Oracle Corp., Microsoft Corp., Boeing Co. and Costco Wholesale Corp., according to the documents. Other trades involved eBay Inc., Abbott Laboratories, Uber Technologies Inc., AT&T Inc. and discount store Dollar Tree Inc. The disclosure reignites conflict-of-interest concerns that have shadowed Trump’s terms in the White House. Critics have regularly accused him of mixing his official duties with his business interests. Unlike his predecessors, Trump didn’t divest or move his assets into a blind trust with an independent overseer. His sprawling business empire is managed by two of his sons and operates in several areas that intersect with presidential policy. At the same time, Trump’s son-in-law Jared Kushner helps manage billions in investments for Qatar, Saudi Arabia and the United Arab Emirates while simultaneously serving as a “volunteer” envoy for the president on issues affecting the war in Iran and the Middle East in general. The White House dismissed questions about potential conflicts, with spokesman David Ingle saying that Trump “only acts in the best interests of the American public.” He added: “There are no conflicts of interest.” A spokesperson for the Trump Organization earlier said that the president’s holdings are independently managed by third-party financial institutions who have control over all investment decisions, with trades executed through automated processes. Trump, his family members and his company play no role in making transactions, the spokesperson said. They receive no advance notice of trading activity and provide no input, she added. The trading volume exceeds anything Trump has previously reported. In the fourth quarter of last year, he made 380 transactions, mostly purchases of municipal debt, though he also bought some commercial paper, according to his filings. He made his first disclosure of asset purchases in August, reporting 690 transactions he had made starting on Jan. 21, 2025, the day after the start of his second term. Those transactions, covering about seven months, totaled at least $103.7 million. The president’s disclosures spurred questions from some on Wall Street who expressed surprise at the trading volume. “I’m baffled,” said Eric Diton, president and managing director at The Wealth Alliance. “In the 40-plus years of my time on Wall Street, this is an unusual amount of trading by any standards.” “We’d need to see the actual trades to try and understand why anyone would want to do that much trading,” Diton added. Adam Sarhan, founder of 50 Park Investments, said the frequency of trading was “tremendous.” “What I really want to know is at the end of all those trades was the account positive or negative?” Sarhan said. Trump has made a number of policy moves that affect the publicly listed companies he traded, and he interacts regularly with many of the executives of those firms. That includes Nvidia, whose chips, critical to AI development, require US government approval for foreign sales. Trump pulled Nvidia Chief Executive Officer Jensen Huang into his recent trip to Beijing during a refueling stop, joining a delegation that included top executives from Boeing, Citigroup Inc. and Tesla Inc. as well as other major companies. Six of Trump’s trades involved Intel Corp.; his administration hammered out an agreement to take a 10% stake for nearly $9 billion in the iconic chipmaker in August. Shares of the Santa Clara, California-bas

Trump’s More Than 3,700 Trades Astonish Wall Street Insiders

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Trump’s More Than 3,700 Trades Astonish Wall Street Insiders

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