jizhang.io/articles/Trump insider-trading analysisTrump 内幕交易分析
A QUESTION · WITH DATA一个问题, 加点数据

Insider trading? — An analysis of Trump's actual Q1 2026 trades他在内幕交易吗? — Trump 刚公开的 Q1 2026 个人交易分析

3,704 disclosed transactions · 49 trading days · net buy $87M3,704 笔披露交易 · 49 个交易日 · 净买入 $87M

Data: U.S. Office of Government Ethics, OGE Form 278-T, filed 2026-05-08, received 2026-05-12. Two filings — fixed-income (5 pp, 62 trades) + equity (113 pp, 3,642 trades). Amounts disclosed as range buckets, not exact dollars; estimates use bucket midpoints. 数据: 美国政府道德办公室 (OGE) Form 278-T, Trump 于 2026-05-08 上报, OGE 2026-05-12 公开. 两份申报 — 固收 (5 页 62 笔) + 权益 (113 页 3,642 笔). OGE 披露金额是区间不是确切数字, 文中估值用区间中位点.

Total Transactions交易总数
across 49 trading days跨 49 个交易日
Purchases买入
net-buyer Q1 modeQ1 整体净买入
Sales卖出
large-cap profit take大盘股止盈
Est. Total Activity总成交估值
range midpoint sum区间中位点求和
Net Buy ($M)净买入 ($M)
buys minus sells买入减卖出

Trump's Q1 2026 daily transactions, with market contextTrump Q1 2026 每日交易, 配市场参照

buys above axis, sales below · SPY (blue) + WTI oil (olive) as macro overlay · hover any bar for that day's detail柱状: 买入在轴上, 卖出在轴下 · SPY (蓝) + WTI 原油 (绿橄榄) 为宏观参照 · 鼠标悬停看当日明细

50100150200250−50−100−150 — SPY ETF (S&P 500): $632 – $695— WTI crude: $56 – $112 (+99% Q1) Jan 05Jan 12Jan 19Jan 26Feb 02Feb 09Feb 16Feb 23Mar 02Mar 09Mar 16Mar 23Mar 30Apr 06 2026-01-12Trump threatens 25% UStariff on any countrydoing business with Iran.REUTERS ↗2026-01-26Trump threatens 100%tariff on Canada.CFR ↗2026-02-20Trump fact sheet:temporary 10% Section 122import duty effective2/24.WHITEHOUSE.GOV ↗2026-03-02Iran war week 1: USembassy in Riyadh hit bydrones. Trump addressesnation on Iran updates.CNBC ↗2026-03-04Trump promises US riskinsurance for Gulfmaritime shipping.GUARDIAN ↗2026-03-10Trump mine ultimatum. 13minutes later: 'hit andcompletely destroyed' 10Iranian mine-laying boats.NPR ↗2026-03-11Trump: 'US needs to domore of the same' in Iran.Vows to end war soon.CBS ↗2026-03-23Trump says US in talkswith Iran. Oil tumbles11%, Dow +600. Orders Navyto destroy Iranian mineboats.CNBC ↗2026-04-01Trump primetime address:'Operation Epic Fury'against Iranian regime. 9PM ET.WHITEHOUSE.GOV ↗2026-01-05Trump press conference: USmilitary captured NicolásMaduro in overnightVenezuela strike(announced 1/3).U.S. EMBASSY ↗2026-01-23Trump signs HR 6938'Advancing AmericanStrength'.Ukraine/Russia/USterritorial talks open.PBS ↗2026-02-09Trump announces US-Indiatrade deal (JointStatement, reciprocaltrade).WHITEHOUSE.GOV ↗2026-02-27Trump orders US-Israeljoint strikes on Iran. Warbegins.NYT ↗2026-03-09Trump says Iran war 'verycomplete'. Truth Social:'TWENTY TIMES HARDER...Death, Fire, and Fury'.NYT ↗2026-03-26Trump Truth Social:pausing energy-plantdestruction 10 days.'Talks are going verywell.'NPR ↗2026-03-30Trump Truth Social: threatto 'destroy all Iran'spower plants, oil wells,Kharg Island' if no deal.WIKIPEDIA (CROSS-REF) ↗2026-04-02Trump orders 100% tariffon branded pharma imports.Restructures steel,aluminum, copper duties on'Liberation Day' 1-yearanniversary.REUTERS ↗ SOURCE: U.S. OFFICE OF GOVERNMENT ETHICS · OGE FORM 278-T · FILED 2026-05-12 · TRUMP, DONALD J.

Pre-Policy Sector Buys — the Feb 10 rotation

Highlighted bubbles = the actual pre-policy clusters. Buys above the lane baseline as filled circles, sells below as hollow rings. Grey dots = all other Q1 buys, shown as background context. Three vertical lines = the policy events these clusters preceded.

Jan 05Jan 12Jan 19Jan 26Feb 02Feb 09Feb 16Feb 23Mar 02Mar 09Mar 16Mar 23Mar 30Apr 06DEFENSE$6.5M buy · $0.7M sellOIL/ENERGY$1.2M buy · $0.1M sellPHARMA$0.8M buy · $0.1M sellMETALS$1.2M buy · $0.5M sellSEMICONDUCTORS$7.8M buy · $3.0M sellBIG TECH$12.4M buy · $23.4M sellINDEX/ETF$15.3M buy · $12.1M sell01-0501-1201-15Chip tariff EO effective01-2301-2602-0902-2002-27Iran war begins03-0403-1003-2303-2604-0104-02Pharma 100% + Metals dutiesSOLD2/10 ROTATION DAY · $57M turnoverSold $17M MAG7 (AMZN/META/MSFT)Bought $9M defense + semi17 days before Iran war begins$0.6M · 9d before chip EO$1.0M · 3d before chip EO$1.0M · 16d before metals duties

Top 20 net-bought tickers前 20 名净买入

accumulation, ranked by net dollar (buys minus sells)买入减卖出 美元排序

Top 15 net-sold tickers前 15 名净卖出

distribution, ranked by net dollar sold净卖出美元排序

Top 30 by transaction frequency交易频次前 30

count of buy + sell tickets, not value买卖单数, 不计金额

Monthly purchase vs sale ($M)月度买入 vs 卖出 ($M)

January → February → March escalation in net buying1 月 → 2 月 → 3 月 净买入逐月放大

Largest single trades · $1M–$5M tier单笔最大交易 · $1M–$5M 区间

55 trades · 37 buys + 18 sells · 2/10 had 22 large-tier buys in one day55 笔 · 37 买 + 18 卖 · 2/10 单日 22 笔大额买入

RowDateTypeSecurityAmount

All transactions · filterable全部交易 · 可筛选

filings combined · 3,700+ rows · type to search两份申报合并 · 3,700+ 行 · 输入即筛

FilingRowDateTypeSecurityAmount
Ji Zhang·2026 / May 142026 年 5 月 14 日