Trump’s Q1 2026 portfolio sees $50m-$70m in Magnificent 7 trades
The Trump Organization maintains the president had no input on the trades, which were managed by third-party institutions, despite 27 being classified as unsolicited client-initiated orders.
Ethics disclosures released this week detail President Donald Trump’s execution of 94 trades involving Magnificent 7 stocks during the first quarter of 2026. According to the filing, the total transaction value for these equities ranged between $50 million and $70 million. The activity comprised 64 buy orders and 30 stock sales, marking a significant volume of trading activity for the president’s portfolio.
The filings indicate a clear directional shift in several major holdings. President Trump increased his positions in Apple and Alphabet, executing net purchases valued between $2 million and $7.2 million for the former, and $1.5 million to $3.1 million for the latter. Conversely, Tesla was the only Magnificent 7 stock where the president definitively reduced his exposure, selling shares valued between $30,000 and $330,000.
Activity in the remaining four constituents of the group—Nvidia, Meta Platforms, Microsoft, and Amazon—was more complex. The account executed more than a dozen transactions for each of these companies. However, the disclosure provided only broad ranges for sales figures, leaving it unclear whether the net position for these specific equities increased or decreased by the end of the quarter.
A notable date in the trading log was 10 February 2026. On this day, the president purchased at least $1 million in Nvidia stock, approximately one week before the company announced a strategic partnership with Meta. On the same date, two separate transactions saw the sale of between $10 million and $50 million in Microsoft and Amazon stock, with each transaction valued between $5 million and $25 million.
The Trump Organization stated that neither the president nor his family had input on these investment decisions, asserting that the portfolio is managed by third-party financial institutions. The group told multiple outlets that it plays no role in selecting, directing, or approving specific investments and receives no advance notice of trading activity.
Despite these assurances, the disclosure highlighted that 27 of the 94 Magnificent 7 trades were classified as unsolicited, meaning they were initiated by the client. This classification includes three purchases exceeding $1 million. The Trump Organization did not clarify how this aligns with its claim of non-involvement in the selection or direction of investments.
These trades form part of a broader ethics disclosure encompassing more than 3,700 transactions made under the president’s name in the first quarter. The activity has drawn scrutiny from watchdog groups, with Citizens for Responsibility and Ethics in Washington noting that presidents are not expected to engage in day trading, particularly when trades occur in proximity to public discussions or major corporate announcements.
