President Donald Trump disclosed just over 1,000 financial transactions during the month of June in what appears to be a broad shake-up of his portfolio. The president moved in and out of stocks, bonds and exchange-traded funds throughout the month. The transactions totaled between $78.1 million and $263.1 million, according to Trump’s latest filing on Aug. 22, which shows a range for each sale or purchase rather than an exact figure. Its securities purchases exceeded $49 million, while its sales totaled at least $28.5 million. While the filing offers a window into investment moves made on Trump’s behalf, it is not a clear picture of his total portfolio holdings. The amount bought or sold is not specific, and there is no indication of how much Trump owns of any particular security. Of the 1,051 transactions, the largest was the sale of between $5 million and $25 million of Vanguard Dividend Appreciation Index Fund ETF shares on June 22. That same day he bought between $1 million and $5 million from Fidelity National Information Services and Home Depot. Those were the largest of several stock purchases in June, although it also recorded some Fidelity selling. Trump sold between $1 million and $5 million in shares of Meta and Motorola on June 18, but picked up the same range of shares in each of Berkshire Hathaway, Cintas, Visa and Mastercard that same day. Those moves came a day after the market sold off on concerns about the direction of monetary policy. On June 17, Federal Reserve Chairman Kevin Warsh’s first meeting concluded. The stock recovered on June 18. Other purchases in June include a number of ETFs, including the iShares US Treasury Bond ETF, the State Street Technology Select Sector SPDR ETF, and the iShares GSCI Commodity Dynamic Roll Strategy ETF. Trump also bought several municipal bonds. The president’s sales included the Vanguard Short-Term Bond Index Fund ETF, the State Street Consumer Discretionary Select Sector SPDR ETF and the Vanguard FTSE Europe ETF. Those ETF transactions spanned just over $1 million to $5 million. In total, there were 25 purchases and sales of stocks, bonds and ETFs in that range. The remaining transactions were divided into different categories of $1 million or less. The filings only require Trump to disclose transactions involving securities over $1,000. The president also dipped in and out of defense contractor Palantir Technologies, buying between $1,001 and $15,000 on June 3. It sold between $15,001 and $50,000 on June 16 and another $500,001 and $1 million on June 18. The United States and Iran agreed to a peace deal on June 14. Bought a small amount again on June 23rd. Two other defense companies, RTX and Northrop Grumman, were also mentioned in the president’s disclosure. Trump bought between $100,001 and $250,000 worth of RTX stock on June 12 and sold between $1,001 and $15,000 worth of Northrop Grumman stock on the same day. He then bought Northrop on June 23 and sold it again on June 24. He also bought and sold Coinbase throughout the month amid falling Bitcoin stocks. He dumped between $116,003 and $315,000 worth of shares between June 12 and 23, and then bought between $50,001 and $100,000 on June 24. The White House did not immediately respond to a request for comment. In May, spokesman Davis Ingle told CNBC, after Trump disclosed his first-quarter transactions, that the president’s assets are held in a trust managed by his children. “There are no conflicts of interest,” spokesman Davis Ingle said in the statement at the time. “President Trump only acts in the best interest of the American public, which is why he was overwhelmingly re-elected to this office, despite years of lies and false accusations against him and his businesses by the fake news media.” CNBC’s Kevin Breuninger and Dan Mangan contributed reporting.
