Trump’s Cabinet: Investments in Bitcoin, Big Tech, and Beyond
Presidential cabinet members often have backgrounds that reflect the diverse nature of the American economy. Many of Donald Trump’s chosen advisors come from the worlds of finance and business, bringing with them portfolios built on a variety of investments. While these individuals may have to divest from certain holdings to avoid conflicts of interest, their current investments offer a glimpse into the financial interests of those shaping policy.
Cabinet members’ financial disclosure reports show that they invest in the stock market and follow trending trades like bitcoin and the Magnificent Seven stocks.
A Deep Dive into the Portfolios
Several members of Trump’s cabinet, including former CEOs and hedge fund managers, hold substantial portfolios. While these portfolios may be complex, they offer some similarities to those of average investors.
Cryptocurrency is a common investment among many of Trump’s cabinet members. They own several different coins, including Bitcoin, Solana, Cronos, Ethereum, and Litecoin, reflecting Trump’s pro-crypto stance.
In addition, many advisors hold stocks from the Magnificent Seven: Nvidia, Apple, Amazon, Meta, Alphabet, Tesla, and Microsoft. Many have also invested in index funds for diversification.
Cabinet members are often required to divest from certain holdings within 90 days of their confirmation to avoid conflicts of interest. Several, including Robert F. Kennedy Jr. and Tulsi Gabbard, have pledged to divest from select individual stocks and business interests.
Here’s a look at notable stock and asset holdings from recent Office of Government Ethics (OGE) filings:
Cabinet Members’ Portfolio Highlights
Scott Bessent, Secretary of the Treasury
- Notable holdings: iShares Bitcoin Trust ETF (IBIT), Invesco QQQ Trust (QQQ), SPDR Gold Shares (GLD), iShares Silver Trust (SLV).
Howard Lutnick, Secretary of Commerce
- Notable holdings: Newmark Group (NMRK), BGC Group (BGC), GE Healthcare Technologies (GEHC).
Robert F. Kennedy, Jr., Secretary of Health and Human Services
- Notable holdings: Bitcoin (BTC), Marathon Digital Holdings (MARA), Amazon (AMZN), Apple (AAPL), Zscaler (ZS), CRISPR Therapeutics (CRSP), SPDR S&P 500 ETF (SPY).
Pete Hegseth, Secretary of Defense
- Notable holdings: Bitcoin.
Tulsi Gabbard, Director of National Intelligence
- Notable holdings: Apple (AAPL), Nvidia (NVDA), Tesla (TSLA), Rumble (RUM), Bitwise Bitcoin ETF Trust (BITB), Bitcoin, Solana, Cronos, Ethereum.
Sen. Marco Rubio, Secretary of State
- Notable holdings: Coca-Cola (KO), Cisco Systems (CSCO).
Pam Bondi, Attorney General
- Notable holdings: Trump Media & Technology Group (DJT).
Linda McMahon, Secretary of Education
- Notable holdings: TKO Group Holdings (TKO), Ares Management (ARES), iShares Select Dividend ETF (DVY).
Chris Wright, Secretary of Energy
- Notable holdings: Blue Owl Capital (OWL), Chevron (CVX).
Scott Turner, Secretary of Housing and Urban Development
- Notable holdings: Amazon (AMZN), American Express (AXP), Apple (AAPL).
Doug Burgum, Secretary of the Interior
- Notable holdings: Netflix (NFLX), Alphabet (GOOGL), Microsoft (MSFT), Apple (AAPL), Adobe (ADBE).
Sean Duffy, Secretary of Transportation
- Notable holdings: Amazon (AMZN), Apple (AAPL), Nvidia (NVDA), Microsoft (MSFT), bitcoin, solana, litecoin.
Jamieson Greer, United States Trade Representative
- Notable holdings: Microsoft (MSFT), Abbott Laboratories (ABT), Rio Tinto (RIO), Robinhood Markets (HOOD), iShares Core S&P 500 ETF (IVV).
These financial disclosures give insight into the backgrounds of those advising the president and the kinds of investments that are common among the leaders who are shaping the future of the United States.
