Trump's 2026 first-quarter disclosure shows a heavy tilt toward technology stocks
New filings with the US Office of Government Ethics, reviewed by CNBC, show President Donald Trump significantly increased his exposure to technology stocks during the first quarter of 2026. The disclosures place his portfolio choices alongside his public policy statements during the same period. Congressional Democrats are renewing calls for stricter disclosure rules covering presidential trading.
Filings with the US Office of Government Ethics for the first quarter of 2026, reviewed by CNBC, show that President Donald Trump's reported holdings shifted toward US technology shares over the period. The documents cover both individual accounts and assets held in family trusts.
The disclosures list new positions in large artificial-intelligence, semiconductor and cloud-infrastructure companies. The same quarter saw the Trump administration take decisions on chip-export controls and data-centre investment policy. Ethics specialists say the filings are consistent with current law, but note that the overlap between presidential investment choices and concurrent policy moves makes oversight harder.
Congressional Democrats are preparing legislation that would require faster and more detailed disclosure of securities trades by presidents and senior officials. The White House has emphasised that the relevant assets are held in managed accounts and do not drive day-to-day decisions. The topic is expected to surface during the 2026 midterm campaign cycle.
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