Trump's July trading volume disclosed

President Donald Trump disclosed 1,156 securities transactions made on his behalf in July, totaling between roughly 79 million and 270 million dollars, according to CNBC's analysis of his financial disclosure.

Largest July sales: Microsoft and Amazon

The largest transactions on July 20 were sales of between five million and twenty-five million dollars each of Microsoft and Amazon shares, according to the filing.

Quick repurchases after major sales

Three days after the July 20 sales, Trump reported buying between one hundred thousand one dollar and two hundred fifty thousand dollars of Microsoft and between one thousand one dollar and fifteen thousand dollars of Amazon.

Defense contractor sales on policy day

On July 20, Trump sold between one million and five million dollars of Oracle and between two hundred fifty thousand one dollar and five hundred thousand dollars of Northrop Grumman, the same day he signed an executive order tightening supply chain requirements for defense contractors.

SpaceX trades amid Pentagon contracts

Trump bought between fifteen thousand one dollar and fifty thousand dollars of SpaceX shares on July 10 and sold between one thousand one dollar and fifteen thousand dollars on July 17. SpaceX is a major Pentagon contractor and NASA launch provider.

Tesla trading pattern continues

Trump sold between one hundred thirty-one thousand four dollars and three hundred sixty-five thousand dollars of Tesla across four transactions in July before buying another one hundred thousand one dollar to two hundred fifty thousand dollars on July 27.

Heavy trading pattern in second term

Trump's 2025 annual financial disclosure showed more than twenty-one thousand securities trades across eight accounts holding at least eight hundred fifty-eight million dollars, compared with eighty-six stock transactions disclosed during his first year in office in 2017.

White House defends independent management

White House spokesman Davis Ingle said independent advisors manage the portfolio without input from Trump or his family. Recent presidents have generally divested individual stocks or relied on blind trusts to avoid conflicts of interest.

“Neither President Trump nor any member of his family has any ability to direct, influence, or provide input regarding how the portfolio is invested or when investments are bought or sold.”