Key Highlights
- Presidential ethics disclosure reveals substantial sales of Amazon, Meta, and Microsoft shares during Q1 2026
- New semiconductor investments totaling $1M–$5M each include Nvidia, Broadcom, Synopsys, Cadence, and Texas Instruments
- Portfolio additions encompass Apple, Oracle, ServiceNow, Adobe, and Workday
- Multiple Intel purchases initiated in early March expanded existing stake
- Dell investment worth $1M–$5M established on February 10, preceding public company endorsement
President Donald Trump executed a strategic rebalancing of his investment portfolio during the opening quarter of 2026, pivoting away from certain major technology companies toward semiconductor manufacturers and AI-related stocks, according to recently filed federal ethics documentation.
The disclosure document, designated as OGE Form 278-T, encompasses transactions throughout Q1 2026. The filing reveals that Trump divested substantial quantities of Amazon, Meta, and Microsoft shares — each ranging between $5 million and $25 million in value.
These weren’t complete liquidations. The documentation simultaneously shows smaller acquisitions of Amazon, Meta, and Microsoft occurring during the identical timeframe. Meta purchases spanned from $1,001 to $500,000. Amazon and Microsoft acquisitions ranged between $1,001 and $5 million.
The concurrent sales and purchases indicate a deliberate rebalancing strategy rather than a wholesale departure from technology sector exposure.
The more significant revelation concerns his new allocations.
Semiconductor Strategy Takes Center Stage
Trump established fresh positions in Nvidia, Broadcom, Synopsys, Cadence Design Systems, and Texas Instruments. These investments each carried valuations between $1 million and $5 million.
Nvidia has emerged as among the strongest performers in recent weeks, climbing approximately 20% and achieving a new all-time high on a split-adjusted calculation. While the precise timing of Trump’s Nvidia acquisition remains undisclosed, the stock experienced significant appreciation throughout the filing period.
Nvidia currently maintains a consensus Strong Buy recommendation from 42 Wall Street analysts, featuring an average price target of $274.38.
Regarding software companies, Trump acquired stakes in Apple, Oracle, ServiceNow, Adobe, and Workday. These investments similarly ranged from $1 million to $5 million in value.
Dell and Intel Positions Expanded
Trump initiated a $1 million to $5 million position in Dell Class C shares on February 10, 2026. Several months afterward, during early May, he openly promoted Dell equipment during a White House presentation.
He additionally expanded his preexisting Intel holdings. These acquisitions commenced in early March, with multiple transactions designated as “unsolicited,” indicating no brokerage recommendation prompted them. The federal government secured a substantial equity position in Intel during late 2025.
Numerous portfolio transactions received the unsolicited classification. The most substantial of these involved Apple, Microsoft, and Amazon, each reaching the $1 million to $5 million threshold in March.
Trump’s financial assets remain within a trust administered by his children. The documentation indicates that a broker functioned as an intermediary on certain transactions, though specific account details and trade authorization remain unspecified.
Form 278-T submissions report transactions using broad valuation ranges. They don’t reveal precise pricing, exact timing, or realized gains.
A more comprehensive view of Trump’s financial position should emerge when his annual financial disclosure becomes available later this year.
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