WASHINGTON, November 16, 2025 – U.S. President Donald Trump purchased at least $82 million in corporate and municipal bonds between late August and early October, according to financial disclosures released Saturday. The filings, required under the Ethics in Government Act of 1978, reveal a broad range of investments spanning industries that have benefited from recent administration policies.

Extensive Bond Purchases Across Key Industries

The disclosures indicate that Trump executed more than 175 financial transactions between August 28 and October 2, with the total value of bond purchases potentially exceeding $337 million. Most of these assets are issued by municipalities, states, counties, school districts, and other public-sector entities, reflecting a focus on stable, income-generating investments.

Corporate bond purchases spanned multiple industries, including:

• Semiconductors and tech: Broadcom, Qualcomm, Meta Platforms, Intel
• Retail and consumer goods: Home Depot, CVS Health
• Financial services: Goldman Sachs, Morgan Stanley, JP Morgan

Notably, Trump acquired Intel bonds after the U.S. government, under his administration, took a stake in the company, highlighting strategic alignment between his investment portfolio and policy initiatives.

Financial Oversight and Transparency

The White House stated that Trump continues to file mandatory investment disclosures, and that his portfolio is managed by a third-party financial institution, ensuring that neither he nor his family directly controls the assets. Trump, who accumulated wealth in real estate before entering politics, has previously placed his companies into a trust managed by his children, reinforcing efforts to separate personal investments from presidential duties.

Previous Disclosures Highlight Ongoing Investment Strategy

An earlier disclosure filed in August 2025 revealed that Trump had purchased over $100 million in bonds since returning to the presidency in January. Additionally, his annual disclosure submitted in June reported at least $1.6 billion in assets and income exceeding $600 million from ventures including cryptocurrencies, golf properties, licensing deals, and other business activities. The filings have fueled ongoing discussions about potential conflicts of interest between the president’s investments and government policies.

Market Context

The bond purchases coincide with a mixed performance in U.S. equities. On Friday, the Dow Jones Industrial Average dropped by roughly two-thirds of a percent, the S&P 500 closed flat, and the Nasdaq rose marginally. Analysts note that Trump’s bond investments reflect a conservative approach during periods of market volatility, with a focus on high-quality corporate and municipal debt.