President Trump’s flurry of first-quarter stock trades, totaling at least $220 million, included companies that were seemingly on the president’s enemies list, including Netflix, JPMorgan and Disney. The president’s stock trades in these companies were valued at around $9 million, according to an analysis from Yahoo! Finance, even as Trump slammed the companies in public.In February, Trump demanded that Netflix fire board member and former Obama administration official Susan Rice or “pay the consequences.” Days before the post, Trump’s account purchased at least $250,000 in Netflix stock, the analysis found, part of a group of trades in the streamer worth at least $1.9 million when combined.Disney, meanwhile, has long been a Trump target. Administration regulators are carrying out a controversial review of the company’s broadcast station licenses over diversity concerns, and the president has warred with late-night host Jimmy Kimmel, whose show broadcasts on the Disney-owned ABC. That didn’t stop the president from making up to $6 million worth of trades in Disney shares in early 2026, according to Yahoo!. A similar public-private split played out with JPMorgan. President Trump’s accounts made million of dollars in trades in companies the Republican was publicly criticizing (Getty)In January, the president sued the bank for $5 billion, alleging he had been wrongly “debanked” in the wake of his supporters attacking the Capitol on January 6, 2021. All the same, Trump’s accounts made 11 transactions in the bank’s stock, valued between $500,000 and $1.2 million, during the same time period.The White House deferred questions about the trades to the Trump Organization, which manages the president’s finances.“President Trump’s investment holdings are maintained exclusively in fully discretionary accounts managed by independent third-party financial institutions,” a spokesperson for the company told The Independent, adding that neither the president, nor his family or company, is involved in guiding the investments. “These institutions have sole and exclusive authority over all investment decisions, including asset allocation, trading, rebalancing, and portfolio management.”“This structure was intentionally designed to maintain a clear separation between President Trump and the independent third-party investment managers overseeing the accounts and avoid even the appearance of any conflict of interest,” the company continued.Critics, however, are skeptical, arguing the president has leveraged his position to make thousands of trades per quarter, sometimes in companies he has direct ties to.Trump has publicly praised multiple companies, including Apple and Thermo Fisher, on the same day his accounts bought stock in them, Mother Jones found.The president has defended his stock purchases, saying they are carried out by third-party financial institutions without his involvement (AFP/Getty)“When we say Donald Trump is the most corrupt president in American history, it’s because of conduct like this,” Meghan Faulkner, a spokesperson for Citizens for Responsibility and Ethics in Washington (CREW), recently told the outlet. “It could not be clearer that he views the presidency as a get-rich-quick scheme, and that’s a slap in the face to countless Americans struggling financially thanks to Trump administration policies.” The Republican’s first-quarter trades also included defense stocks in companies implicated in the Iran war, and as much as $6 million in trades in Nvidia, not long after the White House greenlit the chipmaker to sell advanced equipment to China. The president’s portfolio also includes chipmaker Intel, which the administration took a government stake in last year.“If he were defense secretary, he would be committing a crime,” Richard Painter, the chief White House ethics adviser in the George W. Bush administration, told The Associated Press. “Technically he can do this, but it is a fundamental breach of trust.”Of the 17 executives who accompanied Trump on his recent trip to China, 15 were in charge of companies the president bought stock in during early 2026, a New York Times analysis found. Before taking office, previous presidents have sold their stocks, put their assets into a blind trust or invested in broadly diversified mutual funds to avoid the appearance of conflicts.Critics accuse the president of leveraging the White House to avoid taxes and earn millions in opaque crypto deals (Getty)Before taking the White House, President Trump transferred his assets to a trust managed by his son, Donald Trump Jr.President Trump has pushed the boundaries of financial ethics like no president in modern history, blurring the lines between his family business, his political goals and his official government duties.Earlier this week, the Trump administration reached a settlement resolving the president’s unprecedented $10 billion lawsuit against the IRS, creating a $1.8 billion “anti-weaponization” fund benefiting the president’s allies and while the tax regulator was “forever barred and precluded” from pursuing IRS-related claims against Trump, his family, or his businesses.Separately, the president has earned hundreds of millions of dollars, much of it from untraceable sources, through his family’s network of crypto ventures, companies that have repeatedly pursued business deals in the Middle East with the same leaders negotiating actively with the White House.