In the first quarter of 2026, President Donald Trump engaged in a significant number of trades involving the so-called “Magnificent Seven” tech stocks, according to a recent ethics disclosure. This document reveals that Trump conducted a total of 94 transactions, valued between $50 million and $70 million, comprising 64 purchases and 30 sales, as he continued to interact with and promote these major technology firms.
Among the trades, Trump notably increased his holdings in Apple (AAPL) and Alphabet (GOOG), while selling off a larger quantity of Tesla shares than he purchased. An analysis from Yahoo Finance indicates that his account also recorded more than a dozen transactions for Nvidia (NVDA), Meta Platforms (META), Microsoft (MSFT), and Amazon (AMZN), all members of the Magnificent Seven.
The ethics disclosure provides information in broad ranges, making it unclear whether Trump ended the quarter with a net gain or loss in shares of these latter four companies. Overall, the transactions were part of Trump’s first-quarter ethics filing made public last week, which detailed over 3,700 trades executed under his name. It’s important to note that the Trump Organization manages his account, asserting that a third-party financial institution handles all trades without input from Trump or his family.
The Trump Organization affirmed that they do not participate in investment decisions, nor do they receive prior notice of trading activities. However, the trading patterns have raised concerns regarding potential conflicts of interest, especially in light of the timing of certain transactions coinciding with discussions involving the respective companies.
For instance, on February 10, one of the more notable trades involved a minimum $1 million purchase of Nvidia shares. This strategic decision was made just one week before Nvidia announced a partnership with Meta, demonstrating potentially advantageous timing for the transaction.
Analysing Trump’s trading activity, it is evident he made substantial additions to his portfolio, particularly with Apple and Alphabet. He executed eight purchases of Apple leading to net acquisitions between $2 million and $7.2 million, whilst all transactions in Alphabet comprised purchases that ranged between $1.5 million and $3.1 million. Conversely, Tesla was the only definitive sale within the Magnificent Seven, with sales ranging from $30,000 to $330,000 during the quarter.
February 10 marked a critical day for Trump’s trading activities, seeing him sell between $10 million and $50 million worth of Microsoft shares in two separate transactions. Many trades were categorized as “unsolicited,” suggesting that they were initiated by the clients themselves rather than solicited by the brokerage firms. This circumstance raises questions about the alleged lack of involvement by Trump and his family since a considerable number of trades were marked as unsolicited.
The Trump Organization did not respond to inquiries about this apparent contradiction regarding unsolicited trades in light of their stated governance structure. Notably, out of the 94 trades involving Magnificent Seven stocks, 27 were identified as unsolicited, which included three transactions exceeding $1 million each.
Overall, the magnitude and timing of Trump’s trading amid his presidential duties continue to usher in significant discussions about ethics and potential conflicts of interest in governmental roles.
