Trump Invests $82 Million in Bonds, Including Policy-Boosted Sectors
President Donald Trump purchased at least $82 million in corporate and municipal bonds between late August and early October, with new investments targeting sectors that have benefited from his administration’s policies, according to financial disclosures released Saturday.
Key Investment Details
- Investment period: August 28 to October 2
- Total purchases: Over 175 financial transactions
- Maximum portfolio value: Exceeded $337 million
- Primary assets: Municipal, state, and public agency bonds
The disclosures, filed under the Ethics in Government Act, reveal Trump’s bond acquisitions span industries that have gained from his policy initiatives, particularly financial deregulation.
Corporate Bond Holdings
Trump’s corporate bond portfolio includes significant positions in:
- Chipmakers: Broadcom and Qualcomm
- Technology: Meta Platforms
- Retail: Home Depot and CVS Health
- Wall Street: Goldman Sachs and Morgan Stanley
Notably, the president acquired JP Morgan bonds in late August despite calling for a Justice Department investigation into the bank’s ties with Jeffrey Epstein on Friday. The bank has expressed regret over its association with the convicted sex offender.
Trump also purchased Intel bonds following the US government’s stake acquisition in the company under his direction.
Portfolio Management and Disclosure History
The White House maintains that Trump and his family have no direct role in managing the investment portfolio, which is handled by a third-party financial institution. The president continues to file mandatory financial disclosures while his companies remain in a trust overseen by his children.
Previous disclosures show consistent bond market activity:
- August filing: Over $100 million in bond purchases since January 20
- June annual disclosure: $600+ million income from crypto, golf properties, and licensing
- Total assets: Minimum $1.6 billion as of June
The ongoing investments have raised concerns about potential conflicts of interest, as income from Trump’s business ventures ultimately flows to him despite the trust arrangement.
