President Donald Trump disclosed more than 500 securities transactions in August, including a purchase worth up to $25 million. Meta shares and an investment of up to $5 million in EspaceX debt two days before signing a sweeping policy aimed at expanding U.S. commercial space transportation, according to a newly released financial disclosure.
The 517 purchases and sales totaled between $74.3 million and $273.3 million, according to a CNBC analysis of Trump’s August financial disclosure, which presents each item in a value range. Purchases were at least $44.2 million and sales were at least $30.1 million, CNBC calculated.
The 18-page filing shows that Trump’s portfolio remained very active, although trading slowed compared to June and July, when he disclosed more than 1,000 transactions each month.
The largest transaction was an Aug. 21 purchase of between $5 million and $25 million of Meta shares, part of a broader portfolio shakeup that day. Trump also said he purchased between $1 million and $5 million each of AT&T, ConocoPhillips, Abbott Laboratories, Netflix And Chevron the same day.
Meta did not immediately respond to CNBC’s request for comment.
On the sales side, on August 21, it unloaded between $1 million and $5 million each from Advanced microdevices And Church and Dwightas well as stakes worth between $500,001 and $1 million in companies including Boeing, Home deposit, T-Mobile, Data Dog, Dell Technologies, Palo Alto Networks And Nvidia.
The filing also shows a significant new investment in SpaceX.
On August 18, Trump’s accounts purchased between $1 million and $5 million in senior unsecured notes issued by Elon Musk’s rocket and satellite company, carrying an interest rate of 5.35% and maturing in July 2031.
Two days later, Trump signed a national space transportation policy calling for the United States to support more than 1,000 launches and reentries per year by 2030. The policy directs federal agencies to facilitate commercial access to federal launch facilities and encourage private investment and public-private partnerships in space infrastructure.
SpaceX is a major Pentagon contractor and NASA launch provider, putting it in a prime position to benefit from policies aimed at expanding the U.S. market for commercial launches.
Trump had previously invested in SpaceX, but on a much smaller scale, buying between $15,001 and $50,000 worth of shares in June – the month of its IPO – and July, and selling between $1,001 and $15,000 in July.
SpaceX did not immediately respond to CNBC’s requests for comment.
The White House said Thursday that Trump was not directing the exchanges. Spokesman Davis Ingle said the portfolio is managed independently through discretionary accounts and computer models, without Trump or his family being able to influence investment decisions.
In contrast, recent presidents have typically divested individual stocks or relied on blind trusts or diversified funds to avoid potential conflicts.
The new filing does not reveal the precise size of Trump’s investments because federal information reports transactions in wide ranges of values rather than exact amounts. But trade intensity has become a hallmark of Trump’s second term.
His annual financial disclosure for 2025 showed more than 21,000 securities transactions across eight accounts holding at least $858 million, compared to just 86 stock trades disclosed during his first year in office in 2017.
The August release also shows continued investment in some of the country’s largest publicly traded companies. Trump announced purchases of between $1 million and $5 million each in Microsoft, McDonald’s And Comcast August 10
Later, on August 26, Trump’s portfolio purchased between $15,001 and $50,000 worth of securities. Tyson Foods the same day, he signed a proclamation temporarily increasing low-tariff imports of lean beef trimmings by 300,000 tons.
This measure, aimed at mitigating high beef prices, came into effect on September 1 for up to 90 days. Trump had announced his intention to tackle beef prices before the Tyson trade, and the disclosure does not indicate whether the Tyson purchase occurred before or after he signed the proclamation.
Trump’s account also continued to buy municipal debt, a trend that appeared repeatedly in his disclosures. The August filing includes dozens of municipal securities related to state and local governments, schools, hospitals, housing authorities and other public entities.
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