US President Donald Trump has purchased at least $82 million in corporate and municipal bonds between late August and early October, reflecting a notable expansion of his investment portfolio. Moreover, financial disclosures show that he completed more than 175 transactions during this period.
The filings, released under the Ethics in Government Act, indicate that the maximum combined value of these bond purchases exceeded $337 million. Additionally, most of the assets listed are bonds issued by municipalities, states, counties, school districts, and other public agencies.
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Trump’s new investments span several industries, including sectors that have benefited from his administration’s policy shifts, especially financial deregulation. Furthermore, the corporate bonds he acquired include offerings from major tech firms, chipmakers, retailers, and leading Wall Street banks.
His portfolio also features purchases from companies such as Broadcom, Qualcomm, Meta Platforms, Home Depot, CVS Health, Goldman Sachs, and Morgan Stanley. In late August, he also bought JP Morgan bonds, even as he urged the Justice Department to investigate the bank’s historical ties to Jeffrey Epstein.
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The disclosures show additional purchases of Intel bonds around the time the US government acquired a stake in the company under Trump’s direction. Meanwhile, the White House reiterated earlier that Trump and his family do not manage the investment portfolio, which remains handled by a third-party institution.
An earlier filing revealed that Trump had bought more than $100 million in bonds since returning to office in January 2025. His annual disclosure also reported over $600 million in income from crypto ventures, golf properties, licensing, and other businesses, bringing his total declared assets to at least $1.6 billion.