By Mike Murphy
President Donald Trump delivers remarks in the Oval Office on Nov. 10.
President Donald Trump purchased at least $82 million in corporate and municipal bonds between late August and early October, according to newly released disclosures.
According to disclosure forms released by the U.S. Office of Government Ethics on Saturday, Trump made 175 transactions between Aug. 28 and Oct. 2. Specific amounts for the bond purchases were not revealed, just price ranges, so the total purchase price was between $82 million and $337 million, according to the figures provided by the disclosures.
While many of the bonds were issued by states, municipalities and local government agencies and utilities, others were from big-name companies that could benefit from Trump’s policies. Those include Intel Corp. (INTC), which the U.S. government has taken a stake in, fellow chipmakers Qualcomm Corp. (QCOM) and Broadcom Inc. (AVGO), as well as Meta Platforms Inc. (META), Netflix Inc. (NFLX), Comcast Corp. (CMCSA), Boeing Co. (BA), UnitedHealth Group Inc. (UNH), CVS Health Corp. (CVS) and Wall Street banks including JPMorgan Chase & Co. (JPM), Goldman Sachs Group Inc. (GS) and Morgan Stanley (MS), according to the filings.
The White House did not immediately respond to a request for comment. But the White House has previously said Trump’s investment decisions are made not by the president, but by an independent third party, and that Trump has continued to file mandatory ethics disclosures.
The purchase of Intel bonds, due August 2027 and listed as between $1 million and $5 million, was made Aug. 29, according to the disclosure form, about a week after Intel agreed to give the government a 10% stake in the company.
(Here are the disclosure filings: Part 1, Part 2, Part 3.)
Trump previously disclosed at least $104 million in bond purchases made between his inauguration and mid-August.
-Mike Murphy
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11-16-25 1641ET
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