Trump Expands Bond Investments as New Disclosures Reveal Over $337 Million in Purchases

U.S. President Donald Trump significantly expanded his investment portfolio with large-scale bond purchases from late August to early October, according to newly released financial disclosures from the U.S. Office of Government Ethics. The filings, submitted under the Ethics in Government Act, reveal that Trump made more than 175 financial transactions during this period, with the maximum potential value of these bond purchases exceeding $337 million.

The disclosures show Trump bought at least $82 million in corporate and municipal bonds, though exact figures for each transaction were listed only as ranges. A major portion of the assets came from municipal bonds issued by states, counties, school districts, and various public agencies—areas traditionally favored for their stability and tax advantages.

Trump’s latest investments span industries that have seen gains from his administration’s policies, including financial deregulation and support for the semiconductor sector. Corporate bond purchases included major players such as Broadcom, Qualcomm, Intel, Meta Platforms, Home Depot, CVS Health, Goldman Sachs, Morgan Stanley, and JP Morgan. Notably, Trump acquired Intel bonds shortly after the U.S. government, under his leadership, took a stake in the company.

The president also purchased bonds linked to major Wall Street banks, even as he recently urged the Justice Department to investigate JP Morgan over its previous ties to Jeffrey Epstein. The bank has said it regrets those historical associations.

According to the White House, Trump continues to file mandatory disclosures, though his investment portfolio is reportedly managed by an independent financial institution. While Trump has said his companies were placed into a trust run by his children, filings continue to show that income from various business ventures still flows to him, raising ongoing questions about potential conflicts of interest.

A separate disclosure filed in August indicated Trump had already purchased more than $100 million in bonds since returning to office. His annual disclosure in June reported over $600 million in income from crypto assets, golf properties, licensing deals, and other ventures, highlighting a significant boost in wealth fueled in part by his growing involvement in the cryptocurrency market.

Overall, Trump listed at least $1.6 billion in assets in his June report, underscoring the expansive reach of his financial holdings as he navigates his second term in office.