Donald Trump
The filings show a balance sheet, not a philosophy: untouched Trump Media shares and ~$290M of golf property on one side, ~$1.4B of 2025 crypto-linked income on the other — royalties and token sales are a picks-and-shovels business, not investing. The actual stock book (3,600+ trades filed in 2026, $220M–$750M cumulative range) is a discretionary-managed basket of mega-cap tech.
A real-estate developer turned 45th and 47th U.S. President. Every modern president since LBJ used blind trusts, index funds or Treasuries to avoid conflicts — he is the first to hold and trade individual stocks at scale in office and actually file 278-Ts (the executive-branch trade-by-trade form). His asset base has shifted from property to crypto: $635M in $TRUMP memecoin royalties and ~$521M in World Liberty Financial token-sale proceeds for 2025 — figures that surface only in the once-a-year annual disclosure. He has a late-filing record (paid fees for trades not reported on time).
Presidents fall under the same STOCK Act: security trades over $1,000 require a 278-T within 30–45 days (range amounts only, no weights — hence no percentages here), plus an annual OGE 278e each June. Three discounts apply: trades are executed by a J.P. Morgan discretionary manager, not personally — a weaker copy signal than a member trading their own book; he has a late-filing record; and his largest flows (crypto) run through LLCs with only an annual snapshot, nothing trade-by-trade. Changes in DJT shares must hit SEC Form 4 — the most real-time channel of all.
The market performance of his largest single security — not his portfolio returns; the 114.75M shares sit in trust with no recorded sales since transfer.
Holdings & weights
2026 OGE 278e annual disclosure (covering CY2025) + six 278-T filings so far in 2026Holdings from public disclosure filings (e.g. top-10 tradable holders, STOCK Act reports); portfolio weights aren't disclosed at this level. OGE official disclosure search (278e / 278-T originals)
All 114.75M shares sit in a revocable trust (trustee: Don Jr.) with no sales recorded since the Dec 2024 transfer; ~41% of the company after dilution. Listed at the top band 'Over $50,000,000' — actual market value far exceeds the band.
Analyze through a master's lens38.25% of the Holdco plus 15.75B WLFI governance tokens; ~$521M in 2025 token-sale proceeds and ~$262M from selling business interests. Note: this is business income, not copyable secondary-market trading.
$635,068,835 in 2025 royalties via CIC Digital LLC (the exact figure from the annual disclosure). Trading in the coin itself has no per-trade disclosure at all.
Listed at the top band 'Over $50,000,000'; also holds ETH (incl. Coinbase staking), USDC, LINK and more.
278-Ts show the discretionary account bought a $1M–$5M band position in 2026 — one of 3,600+ mega-cap buys (MSFT, AVGO, AMZN, AAPL, AMD, INTC, GS…). On Apr 8, 2025 — the day before the tariff pause — the account made 327 purchases in a single day.
Analyze through a master's lensIn their own words
"For too long our government has violated the cardinal rule that every bitcoiner knows by heart: never sell your bitcoin." — Bitcoin 2024 conference, Nashville
CNBC, Jul 27, 2024
"THIS IS A GREAT TIME TO BUY!!!" — posted on Truth Social the morning of Apr 9, 2025; less than four hours later he announced the tariff pause and the S&P closed +9.5%. The post drew market-manipulation questions — and is the best case study for why disclosure data matters.
PBS NewsHour
Where to follow them
Primary sources. Read the original — don't settle for second-hand summaries.
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