Updated
Updated · Business Insider · Jul 10
Trump Made 21,285 Stock Trades in 2025 as Portfolio Returned 37.3%
Updated
Updated · Business Insider · Jul 10

Trump Made 21,285 Stock Trades in 2025 as Portfolio Returned 37.3%

1 articles · Updated · Business Insider · Jul 10

Summary

  • Annual disclosures show Trump made 21,285 stock trades in 2025—about 85 a day—making his portfolio one of the most actively traded of any modern president.
  • Unusual Whales estimates his equity holdings, excluding Trump Media, returned 37.3% since inauguration through July 2, beating the S&P 500's 23.5%.
  • The White House said independent third-party managers control the discretionary accounts and that Trump and his family cannot direct or override the trades, but it declined to identify the managers.
  • The filings also show more than $2 billion in 2025 income and an estimated $5.2 billion portfolio, with crypto generating $1.4 billion and Trump Media still representing nearly 60% of equity holdings despite a roughly 75% drop since inauguration.
  • Richard Painter, a former Bush White House ethics lawyer, said the trading volume and Trump's exposure to industries he regulates underscore unresolved conflict-of-interest concerns that Congress has repeatedly failed to curb.

Insights

What strategy explains the President's 21,000 trades and market-beating returns in a single year?
With key ventures facing stock drops and pivots, how stable is the President's business empire?
How does a family crypto firm seeking a federal charter test the limits of presidential ethics?