President Donald Trump made several notable stock transactions in July, including selling large amounts of Amazon and Microsoft shares. The two sales occurred on July 20, with each transaction reported in a range between $5 million and $25 million.
These trades were part of more than 1,000 financial moves the president made during that month. The disclosure showed more than 700 sales and more than 440 purchases with a combined reported value between about $79 million and $270 million. Federal financial disclosures list transactions in value ranges rather than giving exact amounts.
Trump also purchased shares in SpaceX on July 10. The purchase was valued between $15,001 and $50,000. He later sold between $1,001 and $15,000 of SpaceX shares on July 17. Trump signed the disclosure on September 8 and the Office of Government Ethics posted it on September 22.
SpaceX is a company that works with the U.S. military and often needs federal approvals for its projects. The company completed a major public stock offering in June. Trump had also purchased SpaceX shares that month, according to Reuters.
The July disclosure included trades in many large U.S. companies. Trump sold as much as $5 million each in Oracle and Costco shares and between $500,000 and $1 million in Nvidia. He also bought as much as $5 million each in Intuit and Salesforce.
Trump’s broader financial disclosures show investments and income from a wide range of businesses. His annual disclosure showed more than $2.2 billion in reported income in 2025. More than $1.4 billion came from cryptocurrency, digital tokens and related ventures, according to an analysis of the disclosure by The Washington Post.
The latest transactions were disclosed as Congress considers tighter restrictions on lawmakers trading stocks.
The House of Representatives passed the Stop Insider Trading Act on July 22 by a vote of 232-198. The measure was sponsored by Republican Rep. Bryan Steil of Wisconsin and was endorsed by Trump.
The legislation does not impose a complete ban on congressional stock ownership or sales. It would prohibit members of Congress, their spouses and dependent children from purchasing individual publicly traded stocks. Lawmakers and covered family members could keep stocks they already own.
They could also sell existing holdings. However, the bill would require public notice between seven and 14 days before a sale. Violations could result in financial penalties and the forfeiture of certain profits.
The legislation would not apply the same restrictions to Trump or Vice President JD Vance. The president and vice president are outside the bill's definition of covered individuals. An amendment was proposed during the House process that would have added the president, vice president and their immediate families, but it was not included in the measure that passed.
Critics of the House bill have argued that its scope is too narrow. Democratic lawmakers including Rep. Lori Trahan said the measure should also cover officials in the executive and judicial branches and should impose stronger restrictions on existing holdings. Supporters say the bill would prevent lawmakers from using information obtained through public office to make new stock purchases.
The practice of lawmakers trading stocks is unpopular with many voters, who see it as a conflict of interest. A recent Economist/YouGov survey cited by The Guardian found that about 75% of respondents said elected officials should not be allowed to buy and sell individual stocks while in office. The group included majorities of both Republican and Democratic respondents.
The White House says Trump does not personally control the individual trades reported in his disclosure. White House spokesperson Davis Ingle said Trump's holdings are maintained in discretionary accounts managed by outside financial institutions.
Ingle said neither Trump nor members of his family can direct or influence when stocks are bought or sold. He said investment managers use computer-based portfolios designed to track established market indexes.
His financial disclosures also reveal a pattern of trading that includes both purchases and sales in various sectors. The July report included technology companies as well as retailers, financial companies and other publicly traded businesses.
The disclosure came about two months after the House passed the congressional trading measure. The bill had not become law as of September 22 and its prospects in the Senate remained uncertain.
Supporters of the legislation have framed it as an ethics measure. Steil said the purpose is to prevent members of Congress from profiting from information they obtain through their positions.
Opponents have argued that the measure should go further by restricting sales and extending its requirements to additional federal officials. The debate is continuing as Trump's newly disclosed transactions draw additional attention to the rules governing financial activity by public officials.