Most presidents spend their first year back in office focused on policy. Donald Trump, it turns out, was also extremely busy trading stocks.
Financial disclosures filed with the Office of Government Ethics show Trump executed over 21,000 securities trades during 2025, his first year of his second term. That works out to roughly 60 to 80 trades per day, depending on how you count the weekends he presumably was not logged into a brokerage terminal.
For context: Joe Biden reported 13 trades during his presidency. Trump’s own first term generated fewer than 600 total. The jump from under 600 to over 21,000 is not a rounding error. It is a fundamentally different relationship with the market.
What the disclosures actually show
The trades span eight separate investment accounts and cover a wide range of securities, with particularly heavy concentration in major technology firms. An analysis of the OGE filings by FT and EBC Financial Group put the total trade count above 21,000 for calendar year 2025 alone.
