U.S. President Donald Trump continues to grow his bond portfolio, according to new disclosures from the U.S. Office of Government Ethics. Between late August and early October 2025, Trump bought at least $82 million in corporate and municipal bonds, with no sales reported during this period.
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Trump’s Purchases Span Major Corporate Names
The filing showed that his bond purchases include major companies such as Netflix (NFLX), UnitedHealth Group (UNH), Meta Platforms (META), Home Depot (HD), Broadcom (AVGO), Boeing (BA) and Intel (INTC). He also added a mix of municipal bonds across school districts, hospitals, utilities, and U.S. cities.
This recent buying activity follows Trump’s earlier report in August, in which he disclosed 690 bond purchases worth over $103 million. At that time, White House officials said the trades were made by outside managers using index-based strategies, rather than by Trump or his family members directly.
This continued buying shows Trump’s significant focus on fixed-income investments as part of his overall portfolio strategy this year.
Vanguard Total Bond Market ETF
Let’s take a look at demand for U.S. bonds through a popular exchange-traded fund (ETF) that tracks the debt market. As one can see in the chart below, the Vanguard Total Bond Market ETF (BND) has risen 6.5% so far in 2025.
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