- Trump’s Cabinet includes former CEOs and hedge fund managers like Howard Lutnick and Scott Bessent.
- Many of them own stocks and cryptocurrencies but will have to divest to avoid conflicts of interest.
- Here’s an inside peek at what the president’s advisors have in their portfolios.
Some members of President Donald Trump’s billionaire-studded Cabinet own complicated investment vehicles and assets that average retail investors would never see in their portfolios.
But while prominent names like Scott Bessent, Robert F. Kennedy Jr., and Howard Lutnick hold LLCs, commercial real estate, family trusts — and in Bessent’s case, North Dakota farmland — some aspects of their portfolios might look similar to yours.
In recent weeks, Cabinet members have filed public financial disclosure reports on their business interests and financial assets. Turns out Trump’s advisors are avid stock-market investors, and they’ve been following trending trades such as bitcoin and the Magnificent Seven.
Cryptocurrency is a commonality among many of Trump’s Cabinet members. They’re not only buying bitcoin, either. Many members hold several different coins, such as solana, cronos, ethereum, and litecoin.
This comes as no surprise, as Trump has taken a pro-crypto stance on the campaign trail and so far in office. The president has launched a memecoin, Truth Social has developed a crypto financial services arm, and the Securities and Exchange Commission has dropped its lawsuit against Coinbase and Robinhood.
The popularity of the Magnificent Seven stocks — Nvidia, Apple, Amazon, Meta, Alphabet, Tesla, and Microsoft — was also apparent in the presence of the large tech companies in many portfolios. And many of Trump’s advisors also heeded the age-old advice to buy unflashy index funds for diversification.
However, Cabinet members’ portfolios are expected to go through some shakeups pretty soon. Those who are appointed to Cabinet positions often need to make divestitures from certain holdings within 90 days of confirmation to avoid conflicts of interest. Several Cabinet members, including RFK and Tulsi Gabbard, have pledged to divest from select individual stocks and business interests.
Below, we’ve listed notable stock and asset holdings of prominent White House Cabinet members based on Office of Government Ethics (OGE) filings. All positions are from the latest OGE filings and may include recently divested assets.
