Trump Buys $82 Million in Bonds Across Key US Sectors

US President Donald Trump has invested more than $82 million in corporate and municipal bonds between late August and early October, according to newly released financial disclosures. The filings, made public by the US Office of Government Ethics under the Ethics in Government Act, highlight over 175 separate transactions, with the upper-value range of these investments crossing $337 million.

A large share of the disclosed assets includes bonds issued by states, counties, municipalities, school districts, and other public bodies. However, Trump has also expanded his portfolio into corporate bonds tied to industries that have benefited from policy shifts under his administration.

Investments Linked to Policy-Driven Sectors

Trump’s newly purchased bonds include major technology, banking, and retail names:

• Broadcom, Qualcomm, and Intel

• Meta Platforms

• Home Depot and CVS Health

• Goldman Sachs, Morgan Stanley, JP Morgan

Notably, Trump acquired Intel bonds shortly after the US government—under his directive—took an equity stake in the company. His portfolio also includes bonds of JP Morgan, even as he recently urged the Justice Department to probe the bank over its past ties to Jeffrey Epstein.

Portfolio Managed Externally, Says Administration

The White House has previously stated that Trump and his family do not manage his investment decisions directly, with oversight handled by a third-party financial institution. Trump has asserted that his business holdings remain in a trust run by his children.

Growing Investment Activity Under Scrutiny

Earlier disclosures from August showed that Trump had purchased over $100 million worth of bonds since returning to office in January. His annual financial report submitted in June indicated over $600 million in income from ventures including cryptocurrency, licensing deals, and golf properties.

That filing also estimated his total declared assets at a minimum of $1.6 billion, renewing debate over potential conflicts of interest between his personal investments and governmental actions.