finance
President Trump Brokerage Account Made 3,642 Trades in First Quarter
A brokerage account in President Trump's name executed 3,642 trades between January and March 2026. The account purchased petroleum, defense, and safe-haven assets during the Iran conflict.
May 18, 2:36 PM·1m read1 source
businesstoday.inAudio version
Tap play to generate a narrated version.
A brokerage account listed in President Trump's name executed 3,642 trades in the first quarter of 2026, according to a periodic transaction report released by the Office of Government Ethics on May 14. The filing shows the account bought shares of Phillips 66, Exxon Mobil, and Chevron on March 23, the same day the president announced an extension of the Iran deadline.
It also purchased shares of Lockheed Martin and General Dynamics that day.
On March 2, the first trading day of the conflict, the account purchased Newmont gold miner shares valued between $50,000 and $100,000. On March 4, it bought an iShares U.S. Treasury Bond ETF valued between $250,000 and $500,000. The next day, it purchased iShares Gold Trust shares valued between $500,000 and $1 million.
A spokesperson for the Trump Organization stated that third-party financial institutions have sole authority over investment decisions and that neither the president nor his family directs specific trades. A White House spokesperson said the assets are held in a trust managed by his children and that there are no conflicts of interest.
The spokesperson directed questions about the apparent tension between the two statements to the Trump Organization. The report documents trading volume between $220 million and $750 million at an average pace of roughly 60 trades per day. The account also bought $1 million to $5 million in cash during the quarter.
