President Donald Trump disclosed more than 500 securities transactions in August, including a purchase of up to $25 million in Meta stock and an investment of up to $5 million in SpaceX debt two days before signing a sweeping policy aimed at expanding U.S. commercial space transportation, according to a newly released financial filing. The 517 purchases and sales totaled approximately $74.3 million to $273.3 million, according to a CNBC analysis of Trump’s August financial filing, which reports each item in a range of value. Purchases accounted for at least $44.2 million and sales at least $30.1 million, CNBC estimated. The 18-page document shows that Trump’s portfolio remained very active, even when trading slowed between June and July, when he disclosed more than 1,000 transactions in each month. The largest transaction was an Aug. 21 purchase of between $5 million and $25 million in Meta shares, amid a broader portfolio shakeup that day. Trump also reported purchasing between $1 million and $5 million each of AT&T, ConocoPhillips, Abbott Laboratories, Netflix and Chevron on the same day. Meta did not immediately respond to CNBC’s request for comment. On the sales side, on August 21, he dumped between $1 million and $5 million each from Advanced Micro Devices and Church & Dwight, along with stakes worth between $500,001 and $1 million in companies such as Boeing, Home Depot, T-Mobile, Datadog, Dell Technologies, Palo Alto Networks and Nvidia. The filing also shows considerable new investment in SpaceX. On Aug. 18, Trump’s accounts purchased between $1 million and $5 million in senior unsecured notes issued by Elon Musk’s rocket and satellite company, bearing an interest rate of 5.35% and maturing in July 2031. Two days later, Trump signed a national space transportation policy that requires the United States to support more than 1,000 launches and reentries annually by 2030. The policy directs agencies to facilitate commercial access to government launch facilities and encourage private companies. investment and public-private partnerships in space infrastructure. SpaceX is a major Pentagon contractor and NASA launch supplier, putting it in a prime position to benefit from policies aimed at expanding the US commercial launch market. It did not immediately respond to CNBC’s requests for comment. The White House said Thursday that Trump is not directing the transactions. Spokesman Davis Ingle said the portfolio is managed independently through discretionary accounts and computer-based models, with Trump or his family having “no ability” to influence investment decisions. Recent presidents, by contrast, have generally divested from individual stocks or relied on blind trusts or diversified funds to avoid potential conflicts. The new filing does not reveal the precise size of Trump’s investments because federal disclosures report transactions in broad ranges of value rather than exact amounts. But intense trade has become a hallmark of Trump’s second term. His 2025 annual financial statement showed more than 21,000 securities transactions in eight accounts with at least $858 million, compared to just 86 stock transactions disclosed during his first year in office in 2017. The August disclosure also shows continued investments in some of the country’s largest publicly traded companies. Trump reported purchases of between $1 million and $5 million each at Microsoft, McDonald’s and Comcast on August 10. Later on August 26, Trump’s portfolio purchased between $15,001 and $50,000 from Tyson Foods on the same day he signed a proclamation temporarily expanding low-tariff imports of lean beef trimmings by 300,000 metric tons. 1 for up to 90 days. Trump had signaled plans to address beef prices before the Tyson trade, and the disclosure does not show whether the Tyson purchase occurred before or after he signed the proclamation. Trump’s account also continued to purchase municipal debt, a pattern that has emerged repeatedly in his disclosures. The August filing includes dozens of municipal securities tied to state and local governments, schools, hospitals, housing authorities and other public entities.
