look news india
New revelations have come to light regarding the financial portfolio of US President Donald Trump and his activity in the stock market. According to the latest Financial Disclosure (Periodic Transaction Report) issued by the US Office of Government Ethics, 1,051 securities transactions were made from his accounts during the month of June. As per government rules, these transactions are reported in a certain value range, under which the estimated value of the total deals made in June has been estimated between $78.1 million (approximately ₹650 crore) to $263.1 million (approximately ₹2,190 crore).
Biggest Trade: Sale of Vanguard ETF Shares
According to the filing, the largest single transaction in the month of June was recorded on June 22. In this, stakes worth between $5 million to $25 million (approximately ₹41 crore to ₹208 crore) were sold in Vanguard Group’s exchange-traded fund (ETF). Apart from this, repeated buying and selling (Swing/Rebalancing Trades) of many major stocks in the portfolio was also seen.
What did Donald Trump’s accounts buy?
According to financial disclosures, there was heavy buying in major US companies and financial giants:
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Berkshire Hathaway: Shares worth $1 million to $5 million were purchased in Warren Buffett’s company on June 18.
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Financial and corporate giants: Payment giant on 18th June itself Visa, MasterCard and workplace services company Cintas Corp Shares were purchased for $1 million to $5 million each.
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Defense and Retail Stocks: New positions were created in the portfolio in shares of companies like RTX, Northrop Grumman, Coinbase and Home Depot.
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Palantir Technologies: After buying on June 3, shares in data analytics firm Palantir were bought again on June 23 and 24.
Shares of which companies were sold?
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Meta Platforms: On June 18, $1 million to $5 million worth of shares of Mark Zuckerberg’s company Meta were sold (although some smaller amounts were later repurchased).
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Motorola Solutions: Stakes worth $1 million to $5 million were also sold in Motorola Solutions on June 18.
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Profit Booking at Palantir: On June 16 and 18, $5 million to $1 million worth of Palantir shares were sold.
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Partial selloff in Berkshire Hathaway: Some shares of Berkshire Hathaway were sold on June 24 after heavy purchases on June 18.
White House clarification: ‘Computer-based models and blind trust’
The White House has clarified its stand on the allegations of large-scale trading and possible conflict of interest in the President’s portfolio. A White House spokesperson said President Trump’s holdings are managed by third-party independent investment managers under discretionary accounts. The trading operates under computer-based algorithmic models and index replication (such as the Schwab 1000 index). There is no direct interference or input from the President or his family in this.