As Donald Trump campaigns for a return to the White House, his latest financial disclosure offers a look into the investment strategy of the businessman-turned-politician.
The Aug. 13, 2024, filing shows a portfolio that spans from high-flying tech stocks to reliable dividend payers. Outside of the individual stocks Trump owns, his disclosure lists real estate holdings valued in the hundreds of millions, and government bonds valued in the millions.
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If Trump were a money manager, he might be defined as one who balances growth potential with steady income.
While Trump’s 64.9% stake in Trump Media & Technology Group dwarfs his other holdings at $2.4 billion, his investments in other companies are substantial and diverse. The former president has placed large bets on multiple ‘magnificent seven' stocks, with stakes valued between $500,001 and $1 million each in Apple, Microsoft and NVIDIA.
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Those holdings suggest Trump has embraced Wall Street’s enthusiasm for artificial intelligence (AI), the nascent sector that has driven much of the market’s gains in recent months. His portfolio also includes positions in other magnificent seven stocks, including Alphabet and Amazon, valued between $100,000-$250,000 and $250,000-$500,000 respectively.
But the former president's strategy extends beyond Silicon Valley darlings. His disclosure lists hundreds of individual stocks, including positions in financials like JPMorgan Chase and Warren Buffett’s Berkshire Hathaway.
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Trump’s portfolio also features a significant number of dividend stocks, which include household names like Coca-Cola, Johnson & Johnson and Procter & Gamble.
Here's a look at some of the stocks Trump owns that are valued at more than $15,000.
- Apple Inc ($500,000 – $1,000,000)
- Microsoft Corp ($500,000 – $1,000,000)
- Nvidia Corp ($500,000 – $1,000,000)
- Amazon.com, Inc ($250,000 – $500,000)
- Alphabet Inc (Google) ($100,000 – $250,000)
- Meta Platforms Inc ($100,000 – $250,000)
- Berkshire Hathaway Inc ($100,000 – $250,000)
- PepsiCo Inc ($100,000 – $250,000)
- JPMorgan Chase & Co ($100,000 – $250,000)
- Tesla Inc ($50,000 – $100,000)
- Coca-Cola Co
- Exxon Mobil Corp
- Chevron Corp
- Home Depot Inc
- McDonald's Corp
- AbbVie Inc
- Adobe Inc
- Broadcom Inc
- Booking Holdings Inc
- Caterpillar Inc
- Cisco Systems Inc
- ConocoPhillips
- Lockheed Martin Corp
- Netflix Inc
- Pfizer Inc
- Qualcomm Inc
- Union Pacific Corp
- United Parcel Service, Inc.
As the 2024 election race goes on, Trump’s investment choices may face increased scrutiny. His stake in Trump Media & Technology Group, which owns the social media platform Truth Social, is likely to be the most talked about Trump holding.
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The “lockup” agreement preventing insiders from selling shares is set to expire in late September, potentially allowing Trump to cash out some of his $2.4 billion position. According to the disclosures, Trump owns 114,750,000 shares of the media brand or 64.9% of the entire company.
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© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
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