Donald Trump undertook a shuffling of his stock portfolio in June and sold nearly $30 million in shares that month as Congress debates whether those in power should be allowed to trade stocks at all, according to financial disclosures.
The president put his businesses and financial interests in a blind trust during his first term to separate himself from the appearance of corruption. In his second term, Trump appears to have abandoned this approach as his businesses and investments have run almost in sync with his presidency.
A CNBC review of his most recent financial disclosure revealed that the president’s portfolio went under a major reshuffle in June, with the president buying tens of millions of dollars of securities and selling others.
The form, which does not show exact figures, shows purchases of at least $49 million and sales of at least $28.5 million in total. The largest transaction was a sale valued between $5 million to $25 million of shares from the Vanguard Dividend Appreciation Index Fund ETF, while the largest purchases included shares of Home Depot stock and Fidelity National Information Services. The portfolio conducted more than 1,000 trades over the course of the month.
Trump’s appearance of profiting off of the presidency has been labeled a conflict of interest by his critics since he returned to the White House without the shackles of his first-term separation from his financial endeavors. A White House spokesperson denied to CNBC in May that a string of first quarter FY 2026 investments could be construed as such.
“There are no conflicts of interest,” spokesman Davis Ingle told the news outlet. “President Trump only acts in the best interests of the American public — which is why they overwhelmingly re-elected him to this office, despite years of lies and false accusations against him and his businesses from the fake news media.”
Overall, over the course of 2025, the Trump family saw their wealth grow by a combined $2 billion a total that includes more that $1.4 billion solely from cryptocurrency enterprises his family began during his years out of office. It was also a total that was more than three times the amount his businesses had made just a year earlier — when he was still a private citizen.
Earlier this year, it was revealed that Trump had made hundreds of stock trades in April of last year just days before his administration launched what would become a global trade war by announcing reciprocal tariffs on dozens of countries.
During a gaggle with reporters on July 1, he responded to questions about his financial gains and credited the stock market for his successes, but the president’s explanation did not account for the hundreds of millions of dollars he’s attracted in foreign investments to his World Liberty Financial crypto business. His response also didn’t acknowledge the roughly $60 million he made licensing his brand overseas during his first year back in office.
"Well, you know why I'm profiting? Because the stock market's going up — everybody's profiting. Do you have a 401(k)? … So we're all profiting. I'm profiting because I have a lot of money and a lot of cash,” Trump told reporters in July.
Congress is currently debating a ban on stock trading by members while in office, but the legislation was trimmed down to remove such restrictions from the president or vice president in an effort to get more Republicans on board. The legislation passed the House, but is currently stuck in the Senate without much hope for passage. Polls have shown that Americans broadly oppose members of Congress being allowed to trade stocks given their access to nonpublic information.
Surveys have similarly shown that Americans largely agree that the president is using his office for personal gain.
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