Trump discloses more than 1,100 July trades, including up to $25 million each in sales of Microsoft, Amazon — SkimNews
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- Trump's July financial disclosure revealed 1,156 purchases and sales totaling between $79 million and $270 million, headlined by July 20 sales of $5 million to $25 million each of Microsoft and Amazon.
- Three days after dumping those Microsoft and Amazon shares, Trump reported buying between $100,001 and $250,000 of Microsoft and between $1,001 and $15,000 of Amazon.
- The same July 20 filing showed a $250,001–$500,000 sale of Northrop Grumman — the day Trump signed an executive order tightening supply chain rules for defense contractors and restricting waivers for Chinese-sourced critical materials.
- Trump's wider rotation that month included purchases of $1M–$5M each of Intuit, Marvell Technology, Salesforce and Church & Dwight, plus $250K–$500K of Axon Enterprises, which works frequently with Immigration and Customs Enforcement.
- White House spokesman Davis Ingle said the portfolio is 'independently managed by third-party financial institutions' and that Trump and his family 'has any ability to direct, influence, or provide input' — a structure past presidents have generally avoided through blind trusts or divestiture.
- Trump's 2025 annual disclosure showed more than 21,000 securities trades across eight accounts holding at least $858 million, compared with just 86 stock transactions in his first year in office in 2017.
Why it matters: The July 20 Northrop Grumman sale landed on the exact day Trump signed a defense supply-chain executive order, and the broader scale of activity — 21,000+ trades in his 2025 disclosure versus 86 in 2017 — sharpens the conflict-of-interest questions the White House's 'independent advisor' defense is meant to neutralize.
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