Trump’s Portfolio Invested Tens of Millions in Debt of Two of The World’s Largest Companies, Disclosure Shows

President Donald Trump's portfolio managers bought as much as $30 million in Meta stock and SpaceX debt in August as purchases made in his name continue to be highly active.

A newly released financial disclosure shows more than 500 securities transactions in August, including up to $25 million in Meta stock and $5 million in SpaceX debt. His portfolio also invested in AT&T, Netflix and Chevron. In contrast, he sold shares of Advanced Micro Devices, T-Mobile, Dell Technologies and Nvidia.

Democrats have criticized moves made by the president's portfolio managers in the past. Sen. Elizabeth Warren and Rep. Robert Garcia sent a lengthy letter to Trump in August, saying they want to know who are the money managers in charge of his investments.

"One analysis estimates that you reported more than 14,000 stock trades, worth up to $1.06 billion during your first year in office. The total is likely higher as these reports don't even include transactions worth less than one thousand dollars," reads a passage of the letter.

"The sheer volume of this trading activity and the timing of a number of transactions, raise questions about whether you are using your knowledge of government activities, your official authority, or the vast megaphone provided by the Presidency to make investments or move markets to your personal benefit—and about whether you have been making decisions that boost your portfolio at the expense of taxpayers, the economy, and national security," it adds.

Trump has defended the trades made in his name, saying he has no contact with those who handle the money. "They invest my money, and I don't talk to them. I never — I don't even speak to them," he said.

The White House has also denied Trump's disclosures raise any conflicts of interest. Some estimates detailed by the outlet claim he made more than $2.2 billion in revenue last year.