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Trump's new bond investments span several industries

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He acquired Intel ( INTC ) bonds after government acquired a stake

By Nandita Bose

WASHINGTON, Nov 15 (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 benefiting from his policies, financial

disclosures made public on Saturday showed.

According to the forms released by the U.S. Office of

Government Ethics, Trump carried out more than 175 financial

purchases from August 28 through October 2. The disclosures,

made under a 1978 transparency law called the Ethics in

Government Act, do not list exact amounts for each purchase,

only providing 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 with ties 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.

Corporate bonds acquired by Trump include offerings from

chipmakers such as Broadcom ( AVGO ) and Qualcomm ( QCOM ); tech

companies such as Meta Platforms ( META ); retailers such as

Home Depot ( HD ) and CVS Health ( CVS ) ; and Wall Street banks

such as Goldman Sachs ( GS ) and Morgan Stanley ( MS ).

Purchases of the debt of investment banks in late August

included bonds of JP Morgan. On Friday, Trump asked the

U.S. Justice Department to investigate JP Morgan over its ties

to the late financier and convicted sex offender Jeffrey

Epstein. The bank has said it regrets its past ties with Epstein

and did not help him commit "heinous acts."

Trump also acquired Intel ( INTC ) bonds after the U.S.

government, under Trump's direction, acquired a stake in the

company.

A White House official said on Monday Trump was fully complying

with reporting requirements. "President Trump fully complies

with his reporting obligations and continues to demonstrate his

commitment to transparency and accountability in the federal

government," the official said.

The administration has previously said Trump has continued

to file mandatory disclosures about his investments but that

neither he nor his family has a role in running the portfolio,

which is managed by a third-party financial institution.

Trump, who became wealthy in the real estate sector before

entering politics, has previously said that he placed his

companies into 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 January 20. Trump also submitted his annual

disclosure form in June, which indicated that income from his

various ventures still ultimately goes to him, raising concerns

of potential conflicts of interest.

In that annual disclosure, which appeared to cover the 2024

calendar year, Trump reported more than $600 million in income

from cryptocurrencies, golf properties, licensing and other

ventures. It also showed Trump's push into crypto had added

substantially to his wealth.

Overall, the president's June disclosure reported assets

worth at least $1.6 billion, according to a Reuters calculation

at the time.