Trump discloses more than 1,100 July trades, including up to $25 million each in sales of Microsoft, Amazon
President Donald Trump disclosed more than 1,100 securities transactions made on his behalf in July, including sales of as much as $25 million each of Microsoft and Amazon shares, as his sprawling investment portfolio underwent another month of heavy trading.
The 1,156 purchases and sales totaled between roughly $79 million and $270 million, according to a CNBC analysis of Trump's latest financial disclosure. Purchases totaled at least $43.6 million, while sales totaled at least $35.6 million, CNBC calculated, in what appears to be a broad reshuffling of his portfolio.
The largest transactions were July 20 sales of between $5 million and $25 million each of Microsoft and Amazon, according to the filing. Three days later, Trump reported buying between $100,001 and $250,000 of Microsoft and between $1,001 and $15,000 of Amazon.
The same July 20 entries show sales of between $1 million and $5 million of Oracle, along with purchases that included between $500,001 and $1 million of Nvidia.
While the filing shows activity conducted on Trump's behalf, broad value ranges obscure his exact holdings. Still, heavy trading has been a feature of his second term. In June, Trump disclosed 1,051 transactions totaling between $78.1 million and $263.1 million, including purchases and sales of stocks, bonds and ETFs.
The president's 2025 annual financial disclosure showed more than 21,000 securities trades across eight accounts holding at least $858 million, compared with 86 stock transactions disclosed during his first year in office in 2017.
"President Trump's stock and bond portfolio is independently managed by third-party financial institutions. All holdings are maintained in discretionary accounts and invested through computer-based model portfolios that automatically replicate recognized indexes, such as the Schwab 1000. Neither President Trump nor any member of his family has any ability to direct, influence, or provide input regarding how the portfolio is invested or when investments are bought or sold. All investment decisions are made entirely by independent managers. There are no conflicts of interest." – Davis Ingle, WH Spokesman
The White House and the Trump Organization did not immediately respond to requests for comment on the latest disclosure.
The White House has repeatedly defended the trades and said independent advisors manage the accounts without Trump's input. Recent presidents, however, have generally divested individual stocks or relied on blind trusts or diversified funds to avoid even the appearance of conflicts of interest.
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