What's in Trump's $750M Stock Trading Disclosure?
For the first time in his presidency, Donald Trump disclosed thousands of stock trades estimated to be worth around $750 million.
We have just launched a new dashboard on our site to track all of the President’s reported trades, which can be found at the link below:
Many of Trump’s largest reported trades were in the defense and tech industry, which has sat at the center of federal policy under the Trump administration. Some of the trades generated major profits for the president, but were trades for companies with government connections timed particularly well?
But first, what was surprising in Trump’s trades?
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→ While most of Trump’s stocks were for large-cap companies,
Palantir stock traded left and right
In the first quarter of 2026 alone, Trump filed trades in millions worth of Palantir stock — which has boomed under Trump’s second term.
Palantir has been garnering a lot of attention recently, securing billions in federal contracts for its data analytics and surveillance software, a lot of which has been used for defense purposes. The company’s stock value has more than tripled under Trump’s administration, and for 2025, around half of the company’s revenue came from government spending.
Earlier this year, we published a report on how Palantir has been becoming entrenched in the halls and checkbooks of Washington DC:
Trump disclosed 14 trades of Palantir stock in Q1, with his largest trade being a sale of stock worth millions. His profit from the company is likely upwards of $5 million.
While Trump and Congress have been buying and selling Palantir’s stock, the company was receiving millions in federal contracts. By our estimates, in Q1 the company’s total contracts came in at over $27 million. Just in Q2, it’s received an estimated $185 million.
The first round of Trump’s purchases happened in January 2026, with all sales reported in February. But the majority of Trump’s purchases in Palantir stock happened just before the end of Q1, which begs the question: Did purchases spike in anticipation of increased government contracts?
Tech companies put millions in Trump’s pocket, leading the portfolio in trade volume
Perhaps unsurprisingly, Trump has reported millions of dollars worth of trades in the world’s largest tech giants. Sales in Amazon, Meta, Microsoft, Nvidia, Alphabet, and Apple have totaled nearly a quarter of Trump’s total proceeds from sales.
One of Trump’s first initiatives in his second term was to deregulate AI and tech development, reversing Biden-era policies that allowed states to impose their own regulatory frameworks and accelerating permission for data centers nationwide.
Meta, Amazon, and Microsoft, along with Alphabet (Google), have all been accelerating massive data center projects to meet growing demand for highly profitable AI and cloud services. And their stock portfolios certainly reflect the favorable environment under the Trump administration, with all four companies seeing increases in stock prices. Broadcom designs and manufactures semiconductors and infrastructure software, providing much of the software for modern data centers.
Another software company flying more under the radar than the tech giants was Accenture, which made the top 10 government contractors for the past month and showed up several times in Trump’s stock portfolio. In Q1, on the higher end, Trump reportedly made over $5 million selling ACN stocks.
Are rewards from defense purchases on the horizon?
Lockheed Martin, RTX, Northrop Grumman, Boeing, Honeywell and General Dynamics have also been major contractors for the Department of Defense, with federal contracts spiking at the end of 2025 amid military escalation.
Towards the end of Q1, Trump reported purchases of several defense stocks, while only selling Honeywell’s stock for around $1 million.
While federal contracts were allocated in excess at the end of 2025, they certainly slowed at the new year, possibly the reason so few of the trades were sales in Q1.
Just this past month, many of the largest defense contractors (including General Dynamics, Northrop Grumman, RTX, and Honeywell) were among the top 25 recipients for federal contracts after a relatively quiet Q1. With almost all of Trump’s defense trading happening closer to Q2, could these new federal contracts reap rewards for the president?
