Trump Disclosure Lists 3,711 Stock Trades in Early 2026

President Donald Trump’s most recent financial disclosure shows 3,711 stock trades executed in the first quarter of 2026. More than 2,000 of those trades took place in March. The Trump Organization said the holdings are managed by independent financial institutions that control asset allocation, trading, and rebalancing.

It added that all trades occur through automated, model-based portfolios and direct-indexing strategies with no input from Trump, his family, or the company.

More than 90 percent of the individual stocks traded matched constituents of the Russell 3000 Index. Trading volume rose on days when major indexes were rebalanced and on days when the S&P 500 fell more than 1 percent. Samir Vasavada, co-founder of Vise, said the activity is consistent with tax-loss harvesting at large scale.

He noted that systems scanning hundreds of positions daily can generate many trades when harvesting losses.

Of the total trades, 625 were labeled “unsolicited,” meaning they were not initiated by the broker. Almost all occurred in March and were predominantly purchases. The filing does not list exact dollar amounts or profit-and-loss figures for each trade, limiting further analysis of performance.

White House officials referred questions to the Trump Organization. Vice President JD Vance called suggestions that the president was trading from the Oval Office “absurd.