According to the latest financial report from Donald Trump, published on August 22, he purchased stocks of Berkshire Hathaway for the first time in June, conducting 1,051 separate financial transactions involving stocks, bonds, and exchange-traded funds.
The transaction amounts ranged from $78.1 million to $263.1 million, as disclosure laws stipulate that transactions can be reported in price ranges rather than exact dollar amounts.
During the first summer month, Trump purchased securities worth over $9 million, while the volume of sales exceeded $28.5 million.
On June 22, Trump sold shares of the Vanguard Dividend Appreciation ETF worth between $5 million and $25 million. On the same day, he purchased shares of Fidelity National Information Services and Home Depot, each worth between $1 million and $5 million. These were the largest purchases of these companies' stocks in June.
The sheer number of transactions was unusual. Federal regulations require disclosure only if a securities transaction exceeds $1,000, while the majority of Trump's reported activity involved amounts below $1 million.
On June 18, Trump conducted some of the largest stock transactions. He sold shares of Meta Platforms and Motorola Solutions, each worth between $1 million and $5 million. He then invested the same amounts in the stocks of four different organizations: Berkshire Hathaway, Cintas, Visa, and Mastercard.
These transactions occurred immediately after a turbulent session for U.S. stocks. On June 17, markets fell as investors reacted to uncertainty regarding monetary policy following the first meeting of Federal Reserve Chairman Kevin Warsh. Stocks rebounded on June 18, the same day Trump made the purchases of Berkshire, Cintas, Visa, and Mastercard stocks.
In June, Trump also acquired the iShares U.S. Treasury Bond ETF, Technology Select Sector SPDR Fund, and iShares GSCI Commodity Dynamic Roll Strategy ETF. Several municipal bonds were added to this list.
Regarding sales, he reduced his positions in the Vanguard Short-Term Bond ETF, Consumer Discretionary Select Sector SPDR Fund, and Vanguard FTSE Europe ETF.
The total number of stock and bond transactions conducted on his behalf was 25. All these transactions were in amounts ranging from $1 million to $5 million.
Cryptocurrencies also featured repeatedly in Trump's June activity. He both bought and sold shares of Coinbase Global, while Bitcoin lost ground. Between June 12 and 23, Trump sold Coinbase shares worth between $116,003 and $315,000. On June 24, he changed tactics and bought shares worth between $50,001 and $100,000.
