U.S. President Donald Trump bought at least $82M in corporate and municipal bonds from late August to early October, including offerings from major companies such as Meta Platforms (META), government disclosures showed on Saturday.
According to documents made public by the U.S. Office of Government Ethics, Trump made 175 bond purchases from August 28 to October 2, including some Intel (INTC) bonds days after his administration announced an $8.9B stake in the beleaguered chipmaker.
The filings did not give exact amounts for each purchase, instead providing a range. According to Seeking Alpha’s calculations, the bottom end of that range is at least $82M, while the top end exceeds $326M.
The majority of the assets listed in the filings comprise bonds issued by municipalities, states, counties, and other government-related agencies.
Meanwhile, the corporate bonds acquired by Trump span several sectors and industries.
Aside from the aforementioned offerings from Meta (META) and Intel (INTC), the president also purchased bonds from chipmakers such as Qualcomm (QCOM) and Broadcom (AVGO); streaming giant Netflix (NFLX); industrial firms Boeing (BA) and Whirlpool (WHR); banks JPMorgan (JPM), Goldman Sachs (GS), Bank of America (BAC), and Citi (C); and managed care players UnitedHealth (UNH), CVS (CVS), and Tenet (THC).