The Office of Government Ethics released the latest financial disclosure documents late yesterday, revealing that U.S. President Trump undertook intensive asset realignment in April. According to the records, Trump completed a total of 175 financial transactions last month, including bond purchases totaling at least $51 million. This disclosure comes during his second term, prompting sustained market attention to his investment movements.

In terms of asset allocation structure, the assets purchased by Trump are concentrated in municipal bonds issued by various states, counties, school districts, government agencies, or public-private partnership entities. Among the 26 largest transactions, each valued between $1 million and $5 million, the majority consist of municipal bonds or U.S. Treasury securities. Furthermore, the portfolio includes two corporate bond purchases from Huihao Company and General Motors, alongside an investment in an ETF tracking a high-yield bond index.

Corporate bond investments span multiple key sectors, including energy, technology, healthcare, and financial services. The list of issuers includes energy giants such as Constellation Energy and Western Oil, technology leaders like Broadcom, NVIDIA, Meta Platforms, and Microsoft, as well as financial institutions including Citigroup, Goldman Sachs, and JPMorgan Chase, with Boeing also featured. Calculated across all asset classes, the total value of bonds purchased by Trump amounts to approximately $161 million.

It should be noted that the publicly disclosed tables only display the value ranges for each transaction and do not provide exact buy or sell figures. Among these 175 transactions, the vast majority were buy orders, interspersed with 11 sell orders. Some transactions also involved bank equities, including minor holdings in Bank of America and Wells Fargo, with four trades combined valued between $130,000 and $300,000. The White House has previously clarified that the President and his family have no authority to direct or influence portfolio trading decisions, as the portfolio is independently managed by their family trust through third-party financial institutions.