Warren and Garcia demand Trump reveal stock portfolio managers

Senator Elizabeth Warren of Massachusetts and Representative Robert Garcia of California sent President Donald Trump a missive Wednesday demanding helium place the wealth managers down his concern accounts and explicate dozens of banal trades that overlapped with authoritative authorities actions oregon market-moving statesmanlike statements.

The missive runs 17 pages and lists much than 30 transactions that the lawmakers accidental rise questions astir whether Trump is utilizing his bureau to payment his idiosyncratic portfolio. Warren and Garcia asked Trump to respond by Aug. 28.

"The American radical merit to cognize that the President is not utilizing his bureau to summation the worth of his banal portfolios, alternatively than moving to bring down the outgo of groceries," the 2 Democrats wrote.

According to an investigation by the fiscal information steadfast Unusual Whales cited successful the letter, Trump's fiscal disclosures amusement helium reported much than 21,000 banal trades successful 2025, a measurement that dwarfs the trading enactment of immoderate anterior president, with transactions totaling arsenic overmuch arsenic $1.06 cardinal successful his archetypal twelvemonth backmost successful office. Warren and Garcia enactment that the existent tally is astir apt higher still, due to the fact that national disclosure rules exempt immoderate idiosyncratic transaction valued beneath $1,000.

Among the examples the missive highlights: Trump purchased up to $1 cardinal successful Nvidia banal and up to $100,000 successful Advanced Micro Devices banal connected Jan. 6, 2026, 1 week earlier his medication announced loosened export controls connected chips sold to China. On Feb. 10, helium bought betwixt $1 cardinal and $5 cardinal successful Axon Enterprise banal — Axon makes astir 90% of U.S. Tasers — 2 weeks earlier Immigration and Customs Enforcement posted a $220 cardinal Taser declaration that procurement experts described arsenic written specifically astir Axon's merchandise specifications.

The missive besides flags purchases of Dell banal connected Feb. 10, 9 days earlier Trump told an assemblage successful Georgia to "go retired and bargain a Dell Computer," and purchases of Citigroup banal successful March earlier Trump posted connected Truth Social successful June praising the slope and naming its ticker symbol. That aforesaid day, Citigroup banal outperformed the broader marketplace and different large slope stocks.

Trump has maintained that the institutions handling his wealth run wholly independently of him. "We person funds that tally my money," helium told reporters successful July. "They put my money, and I don't speech to them."

White House spokesperson Anna Kelly said successful a connection to CNBC that Warren and Garcia were recycling "the same, bushed communicative that Democrats person pushed against President Trump, his family, and his medication for a decade." The Trump Organization separately called the missive "just different baseless governmental stunt."