*
Corporate debt holdings include Citi, Wells and Meta
*
More than 600 purchases since returning to office in
January
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Trump had no role in investment decisions, official says
(Adds comment from White House official, analyst, in paragraphs
7 and 9-10)
WASHINGTON, Aug 20 (Reuters) - U.S. President Donald
Trump has bought more than $100 million in company, state and
municipal bonds since taking office in January, according to new
disclosures which shed further light on the vast holdings of
America's billionaire president.
The forms, posted online on Tuesday, show the Republican
former real estate mogul made more than 600 financial purchases
since January 21, the day after he was inaugurated for his
second term in the White House.
The August 12 filing from the U.S. Office of Government
Ethics does not list exact amounts for each purchase, only
giving a broad range.
They include corporate bonds from Citigroup ( C/PN ), Morgan
Stanley ( MS ), and Wells Fargo ( WFC ), as well as Meta
, Qualcomm ( QCOM ), The Home Depot ( HD ), T-Mobile USA
and UnitedHealth Group ( UNH ).
Other debt purchases include various bonds issued by cities,
states, counties and school districts as well as gas districts,
and other issuers.
The holdings cover sectors that could benefit from U.S.
policy shifts under his administration, such as financial
deregulation.
A senior White House official said Trump continued to file
mandatory disclosures about his investment portfolio but that
neither he nor his family had a role in managing or selecting
the bonds, which are managed by a third-party financial
institution. Federal ethics officials certified the reports,
which are in compliance with applicable laws, according to the
official, who declined to be named.
Trump, a businessman-turned-politician, has said he has put
his companies into a trust managed by his children.
"President Trump's net worth has increased substantially,
with much of that concentrated in crypto holdings and Trump
Media ( DJT ). Given that, there is no evidence currently that his bond
purchases are anything other than a prudent diversification
within his billions of dollars in assets," said John Canavan,
lead US analyst at Oxford Economics.
"It seems like he was primarily purchasing corporate and
municipal bonds and others that are high quality and highly
rated, so it's just a way to take a little bit of risk off the
table," he said.
Trump's annual disclosure form filed in June showed his
income from various sources still ultimately accrues to the
president - something that has opened him up to accusations of
conflicts of interest.
In that 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 the president's push into crypto had
added substantially to his wealth.
Overall, the president reported assets worth at least $1.6
billion, according to a Reuters calculation at the time.