On May 14, 2026, the U.S. Office of Government Ethics released periodic transaction reports, signed by President Trump on May 8, covering his investment accounts for the first quarter of 2026. They list 2,345 purchases and 1,296 sales, mostly of individual stocks, more than 3,600 transactions in about three months, with a cumulative value reported in ranges between roughly $220 million and $750 million. (CBS News, building its own dataset from the filing, counted 2,346 purchases.)
After Sen. Elizabeth Warren raised the Nvidia trades, Eric Trump, a Trump Organization executive and one of the trustees of his father's assets, replied on X on May 15: “All of our assets are invested in a blind trust by the largest financial institutions in broad market indexes. To suggest that individual stocks are being bought or sold, at the discretion of any member of the Trump family, would be a lie and blatantly false.” Rep. Don Beyer (D-Va.) answered by linking to the disclosure: “Outright lies. Trump's assets aren't in a blind trust, and he bought and sold individual Nvidia stock in 15 separate transactions totaling millions of dollars. That's what Trump's financial disclosure - which has his signature - says.”
The filing lists 15 Nvidia transactions, including a purchase of $500,001 to $1,000,000 on January 6 and one of $1,000,001 to $5,000,000 on February 10, plus several sales in March. The January purchase came a week before the Commerce Department approved the sale of certain Nvidia chips to China, and Trump later brought Nvidia CEO Jensen Huang on his May trip to Beijing. The disclosure lists individual companies by name, not the broad-market index funds Eric Trump described. It does not show who directed the trades; the Trump Organization has said independent managers make all trading decisions, and a White House spokesperson told NOTUS the assets are in a trust “managed by his children.” Presidents are exempt from the conflict-of-interest law that bars other executive-branch employees from acting on matters in which they hold a financial stake.
In Trump's first term, he also said his assets were in a blind trust; then-OGE director Walter Shaub said the arrangement was “not even halfway blind” and resigned in July 2017.
Correction (October 2, 2026): The entry dated these events May 16; Eric Trump's post and Beyer's reply came May 15. It quoted Eric Trump as saying “every single asset of my father is wrapped up in a blind trust” and that no family member buys or sells individual stocks; his actual words are quoted above, and he denied that trades were made at the family's discretion. It said the filing showed more than 3,700 trades and up to $1 million in Nvidia across 15 purchases; the filing shows about 3,640 trades, and its 15 Nvidia transactions include both purchases and sales, with one purchase alone reported at $1 million to $5 million. It said Shaub resigned over the trust because Trump's sons were trustees; the reporting does not tie his resignation to that one issue. (Shaub's January 2017 remarks contain both “not even close” and “not even halfway blind”; this entry quotes the second, which its sources report.) It also cited the OGE homepage rather than the filing, and asserted that a disclosure like this one is “by definition” the opposite of a blind trust, a claim no source in the entry makes.