The Wall Street Journal reported that Trump made thousands of stock transactions in the first quarter of 2026. In many instances, actions he took as president directly affected the price of the shares he bought or sold.

Previous Presidents put their assets into a blind trust or invested only in bonds.

Before he entered the White House, President Trump was a real-estate developer and speculator. Lately, his fortune has been wagered on some Big Tech stocks.

Money managers for the president made more than 3,700 trades in the first quarter, including million-dollar purchases of Nvidia, Dell and other Big Tech stocks. Trump’s managers pared his holdings in Microsoft and Amazon with sizable sales in the quarter. 

Canny investors should read Trump’s account on his social media site “Truth Social.” If he praises a company, it’s likely that he just bought the stock and is encouraging others to join him.

Bloomberg reported that experienced traders were stunned by the sheer number of trades on behalf of Trump.

President Donald Trump’s latest financial disclosures show that he or his investment advisers made more than 3,700 trades in the first quarter, a flurry totaling tens of millions of dollars and involving major companies that have dealings with his administration.

The transactions, spelled out in more than 100 pages of documents filed Thursday with the US Office of Government Ethics, list purchases and sales in broad ranges, making it hard to calculate an exact value. But the volume of trading — more than 40 per day over a three-month period — stands out as much as the potential dollar value.

“This is an insane amount of trades,” said Matthew Tuttle, chief executive officer of Tuttle Capital Management, in an interview, adding that it looks more like something done by “a hedge fund with massive algo trades” that buys and shorts securities than a personal account…

The disclosure reignites conflict-of-interest concerns that have shadowed Trump’s terms in the White House. Critics have regularly accused him of mixing his official duties with his business interests. Unlike his predecessors, Trump didn’t divest or move his assets into a blind trust with an independent overseer. His sprawling business empire is managed by two of his sons and operates in several areas that intersect with presidential policy.

At the same time, Trump’s son-in-law Jared Kushner helps manage billions in investments for Qatar, Saudi Arabia and the United Arab Emirates while simultaneously serving as a “volunteer” envoy for the president on issues affecting the war in Iran and the Middle East in general…

The president’s disclosures spurred questions from some on Wall Street who expressed surprise at the trading volume.

“I’m baffled,” said Eric Diton, president and managing director at The Wealth Alliance. “In the 40-plus years of my time on Wall Street, this is an unusual amount of trading by any standards.”

The billionaire president’s stock trades were no doubt made to protect the best interests of the American people.