Trump Investment Account Logged 1,156 Trades in July, Renewing Conflict-of-Interest Concerns

President Donald Trump's investment account executed 1,156 securities transactions in July 2026, with total activity estimated between $79 million and $270 million, according to government financial disclosure filings. Purchases totaled at least $43.6 million and sales at least $35.6 million, continuing the high-frequency bond and equity trading seen in his second term. July 20 was the busiest day. The account sold $5 million to $25 million each of Microsoft and Amazon stock — the month's two largest trades — plus $1 million to $5 million of Oracle, while buying $500,000 to $1 million of Nvidia and adding positions in Intuit, Marvell, Salesforce, Church & Dwight and Axon. Three days later it repurchased only small amounts of Microsoft and Amazon, signaling a rotation out of mega-cap tech into AI chips and enterprise software. The account also traded SpaceX, which went public June 12 in a record IPO and holds Pentagon and NASA contracts, and continued trading Tesla. White House officials said an independent third-party manager runs a computer-modeled portfolio tracking the Schwab 1000 index, with no direction from the president.