A new ethics disclosure reveals that former President Donald Trump executed 94 trades in the first quarter of 2026 involving the "Magnificent Seven" technology stocks, with transaction values totaling between $50 million and $70 million, even as he frequently met with and publicly supported these leading tech companies.
The trades consisted of 64 buy orders and 30 sell orders. Analysis indicates a net increase in holdings of Apple and Alphabet, while sales of Tesla exceeded purchases. The account also executed over a dozen trades each in NVIDIA, Meta Platforms, Microsoft, and Amazon, covering all seven major tech stocks.
The disclosure reports sale amounts only in broad ranges, making it impossible to determine whether Trump's holdings in the latter four companies increased or decreased from the start to the end of the quarter.
These trades are part of a larger ethics filing for Q1 2026, which showed over 3,700 transactions conducted in Trump's name. The Trump Organization, which manages the account, stated that all trading is executed and monitored by independent third-party financial institutions, with no involvement from Trump or his family in any investment decisions.
The Trump Organization told media outlets, "President Trump, his family, and The Trump Organization are not involved in the selection, direction, or approval of any specific investments, are not provided advance notice of trades, and exert no influence over investment decisions or portfolio management." The organization did not respond to specific questions about the "Magnificent Seven" trades.
The trading activity has raised concerns about potential conflicts of interest, as the timing of several trades coincided with Trump's public comments about the companies or the release of significant corporate news. A Washington watchdog group commented on the filing, stating, "The President of the United States should not be a day trader."
One notable trade occurred on February 10th, when Trump purchased at least $1 million worth of NVIDIA stock. One week later, NVIDIA announced a strategic partnership with Meta Platforms.
The two stocks showing the clearest net buying in Trump's Q1 portfolio were Apple and Alphabet.
Apple: 8 buy transactions against only 1 sell, with a net purchase value between $2 million and $7.2 million. Alphabet: All transactions in the quarter were buys, totaling between $1.5 million and $3.1 million.
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