Trump has bought at least $82 million in bonds since the end of August, according to disclosures

WASHINGTON (Reuters) – U.S. President Donald Trump bought at least $82 million in corporate and municipal bonds from late August to early October, including new investments in sectors that benefit from his policies, financial disclosures made public on Saturday showed.

According to forms released by the US Office of Government Ethics, Trump made more than 175 financial purchases between August 28 and October 2. The disclosures, made under a 1978 transparency law called the Government Ethics Act, do not list the exact amounts of each purchase, but only provide a broad range.

The maximum total value of the bond purchases exceeded $337 million, according to the filings.

Most of the assets listed in Saturday’s disclosures consist of bonds issued by municipalities, states, counties, school districts and other entities linked to public agencies.

Trump’s new bond investments span several industries, including sectors that have already benefited, or are benefiting, from his administration’s policy changes, such as financial deregulation.

Roberto Schmidt via Getty Images

The corporate bonds purchased by Trump include bids from chipmakers such as Broadcom AVGO.O and Qualcomm QCOM.O; technology companies such as Meta Platforms META.O; retailers such as Home Depot HD.N and CVS Health CVS.N; and Wall Street banks such as Goldman Sachs GS.N and Morgan Stanley MS.N.

Investment bank debt purchases in late August included JP Morgan JPM.N bonds. On Friday, Trump asked the US Department of Justice to investigate JP Morgan for its ties to the late financier and convicted sex offender Jeffrey Epstein. The bank has said it regrets its past ties to Epstein and that it did not help him commit “heinous acts.”

Trump also purchased Intel INTC.O bonds after the U.S. government, under Trump, took a stake in the company.

The White House did not immediately respond to a request for comment on Saturday. The administration has said before that Trump has continued to file mandatory disclosures about his investments, but that neither he nor his family have any role in managing the portfolio, which is managed by a third-party financial institution.

Trump, who became wealthy in real estate before entering politics, has previously said he placed his companies in a trust overseen by his children.

A disclosure filed in August indicated that Trump had purchased more than $100 million in bonds since returning to the presidency on Jan. 20. Trump also filed his annual disclosure form in June, which indicated that income from his various companies still ultimately goes to him, raising concerns about potential conflicts of interest.

In that annual disclosure, which appeared to cover calendar year 2024, Trump reported more than $600 million in income from cryptocurrencies, golf properties, licensing and other ventures. It also showed that Trump’s push into cryptocurrencies had substantially increased his wealth.

Overall, the president’s June disclosure reported assets worth at least $1.6 billion, according to a Reuters estimate at the time.

(Reporting by Nandita Bose in Washington; Editing by Sergio Non and Will Dunham)