When Donald Trump reclaimed the presidency in 2024, investors braced for a return to “America First” economics, and his stock portfolio looked poised to ride the wave. His first term saw the S&P 500 surge nearly 68% — the fifth‑best presidential stretch since 1980, while through July 1, 2025, the index is already up 5% under his second term, despite renewed policy volatility.
Central to his playbook is a willingness to shake markets with tariffs, then soothe them with strategic pauses. In April, a 90‑day tariff moratorium sparked a 24% stock rebound from recent lows and helped propel the S&P and Nasdaq to record highs by mid‑2025. But by July, uncertainty returned. Trump announced sweeping “reciprocal tariffs” of 10–70% set for August 1, targeting nations that haven’t cut trade deals. Markets, which had priced in a continuation of the pause, flipped back into cautious mode.
That seesaw — risk, reprieve, repeat — reveals Trump’s kinetic approach: punish foreign competition, nudge trade partners into submission, then pause to keep investors calm. His aggressive tariff regime has raised concerns among economists, Goldman Sachs warns S&P fair value could swing down 5% from tariffs, and OECD predicts 2025 growth might slow to a revised 1.6% from their March projection of 2.2%. Yet each bounce creates fresh opportunity for those in the know.
Enter Trump’s own portfolio. According to his latest disclosures, his holdings mirror his policy tilt: major U.S. industrials and tech firms alongside his high-risk crown jewel, Trump Media & Technology (DJT). This mix puts him in a prime spot: industrials to capitalize on tariff‑driven domestic growth, and tech to harness the wave of investment surging into AI and on‑shoring.
Historically, Trump has claimed a strong record as an investor. According to his disclosures, between 2011 and 2014 he reported profiting on 40 out of 45 stock sales, an almost 90% success rate in capital gains. That performance likely informs his current positioning. It is pertinent to mention that his overall portfolio reportedly has less than 10% in equities, with a greater weight in cash, money-market funds, bonds, real estate, and crypto ventures.
On the policy front, the passage of the “Big Beautiful Bill”, a new tax and spending package, looks set to lock in his 2017-like tax cuts, infusing $3.4 trillion more into the national debt over a decade. The outcome is a cherry‑on‑top stimulus for growth‑oriented stocks, albeit with inflationary risks, and rising Treasury yields to match.
Let’s head to our list now.
Evan El-Amin/Shutterstock.com
Methodology
We’ve picked the stocks owned by the president from his latest financial disclosure, and ranked them on the basis of the number of hedge funds holding stake in them as of Q1, 2025, to give you a sense of the institutional credibility of DJT’s investments.
Note: We’ve listed Trump Media & Technology Group as well, even though DJT-owned shares of the company were transferred to a Revocable Trust overseen by DJT Jr. in December 2024.
9. Trump Media & Technology Group Corp (NASDAQ:DJT)
Number of Hedge Fund Holders: 11
Trump Media & Technology Group Corp (NASDAQ:DJT is one of the stocks that Donald Trump owns. On June 23, 2025, Trump Media & Tech (NASDAQ:DJT) announced a share buyback plan of up to $400 million, around 9.9% of shares outstanding. The move sent shares up ~2.6% in early trading, though year-to-date, DJT remains down roughly 45%.
In June 2025, Trump Media also announced plans to launch a Bitcoin and Ethereum ETF, which aims to capitalize on the crypto boom and extend the Truth Social brand into financial products. The fund would hold 75% Bitcoin and 25% Ethereum, with Crypto.com tapped as the crypto custodian and trade execution partner.
Trump Media & Technology Group (NASDAQ:DJT) is the publicly traded parent company of Truth Social, launched via a SPAC merger with Digital World Acquisition Corp in March 2024.
8. Tesla Inc. (NASDAQ:TSLA)
Number of Hedge Fund Holders: 104
Tesla Inc. (NASDAQ:TSLA) is one of the stocks that Donald Trump owns. On July 7, Tesla (NASDAQ:TSLA) shares tumbled nearly 8% on after Elon Musk revealed plans to form a new U.S. political party, coined the “America Party“, in direct opposition to Trump’s signing of the ‘Big Beautiful Bill’ into law.
The bill became the flashpoint of tensions between the US President and Musk when its legislation was first proposed. The Tesla CEO has fiercely resisted the bill as an “abomination” and stated that the bill would undermine DOGE efforts to curb wasteful spending and add trillions of dollars to the US debt over the next decade.
The bill would also reverse multiple tax credits for the EV industry, which also includes the $7,500 consumer credit. It would also eliminate tailpipe-emission rules that incentivize car manufacturers to electrify their future models over the next 10 years.
Musk’s escalating feud with POTUS has been stoking investor fears over leadership distraction and government subsidy threats.
7. Berkshire Hathaway Inc. (NYSE:BRK-B)
Number of Hedge Fund Holders: 125
Berkshire Hathaway Inc. (NYSE:BRK-B) is one of the stocks that Donald Trump owns. On June 3, UBS lowered its 12-month price target for Berkshire Hathaway Class B shares from $606 to $591, citing softer expectations for dividend income and lower cash yields. The firm cut its 2025 earnings forecast to $29,882 (Class A equivalent), down from $31,789, and made a slight downward revision to 2026 as well.
UBS also removed any assumption of share buybacks for 2025 and 2026, noting that the stock is trading at a 9% premium to intrinsic value — a sharp contrast to the average 15% discount since buybacks resumed in 2018. Berkshire did not repurchase any shares in the first quarter.
Despite the reduced estimates, UBS maintained a Buy rating, highlighting Berkshire’s resilience in an uncertain environment. The company’s $347 billion in cash and short-term holdings, along with its diversified, defensive business mix and minimal tariff exposure, were cited as core strengths.
One potential upside catalyst is GEICO. UBS expects its combined ratio to improve to the mid-to-high 90s by 2027, with market share gains potentially starting this year. A GEICO rebound could lift insurance earnings and expand Berkshire’s float, key drivers of long-term value.
Berkshire Hathaway (NYSE:BRK-B) is Warren Buffett’s long-standing holding company, which sprawls across insurance (GEICO, Gen Re), utilities, railroads, manufacturing and more.
6. Broadcom Inc. (NASDAQ:AVGO)
Number of Hedge Fund Holders: 158
Broadcom Inc. (NASDAQ:AVGO) is one of the stocks that Donald Trump owns. In early June, Broadcom (AVGO) began shipping its Tomahawk 6 Ethernet switch, the most powerful chip of its kind yet. Built on a 3nm node and delivering a staggering 102.4 Tbps of bandwidth, the Tomahawk 6 is designed to serve AI hyperscale data centers and enable massive scale-up networks that interconnect hundreds of thousands of GPUs.
This is more than a generational upgrade. Tomahawk 6 doubles the bandwidth of its predecessor and addresses the growing bottleneck in AI training workloads where networking speed and latency increasingly limit performance. Industry analysts view the launch as a major inflection point, not just for Broadcom’s networking division but for the entire AI infrastructure stack.
Broadcom Inc. is a global semiconductor and infrastructure software company, known for its dominant position in networking chips, wireless components, and custom silicon for hyperscale data centers.
5. Apple Inc. (NASDAQ:AAPL)
Number of Hedge Fund Holders: 159
Apple Inc. (NASDAQ:AAPL) is one of the stocks that Donald Trump owns. It’s sitting right there among other megacaps in Trump’s portfolio. While Apple is proving to be a formidable force in Ai hardware, with products like M3 Ultra, its software efforts tell a different story. At the end of June, the company was reportedly in talks with Anthropic and OpenAI to power the next version of Siri, a strategic reversal from its prior commitment to in-house AI development. The move signals Apple’s acknowledgment that it’s trailing in the LLM race, especially as rivals like Google and Microsoft rapidly embed AI across their ecosystems.
The overhauled Siri is expected to debut in 2026, and if finalized, the partnership would mark Apple’s first direct integration of external generative AI into a flagship product. While the company has already baked basic on-device AI into iOS 18, this shift points to a broader strategy: Allow best-in-class third party LLMs for more advanced tasks while keeping user data locked into Apple’s ecosystem.
4. NVIDIA Corporation (NASDAQ:NVDA)
Number of Hedge Fund Holders: 212
NVIDIA Corporation (NASDAQ:NVDA) is one of the stocks that Donald Trump owns. At GTC Paris on June 11, 2025, Nvidia CEO Jensen Huang revealed compelling strides in Europe’s AI build-out. He showcased the company’s deepening role in sovereign AI infrastructure.
The centerpiece of the announcement: a world-first industrial AI cloud in Germany, featuring 10,000 of Nvidia’s Blackwell GPUs across DGX B200 and RTX Pro servers, designed to power advanced simulation, digital twins, and industrial automation. Partners include major manufacturers like BMW, Maserati, and Volvo, collaborating to accelerate AI-driven design and factory operations.
Simultaneously, Nvidia is building a network of AI hubs and factories in collaboration with telecoms Orange, Telefónica, Swisscom, Fastweb, and Telenor. These initiatives aim to help Europe establish AI sovereignty, reducing reliance on U.S. hyperscaler infrastructure. Government leaders from the U.K., France, Germany, and Italy have pledged support, including public funding for AI “gigafactories.”
NVIDIA Corporation (NASDAQ:NVDA)’s dominance in GPU architecture has made it the backbone of the global AI economy, and it’s not slowing down.
3. Alphabet Inc. (NASDAQ:GOOG)
Number of Hedge Fund Holders: 227
Alphabet Inc. (NASDAQ:GOOG) is one of the stocks that Donald Trump owns. On July 4, a coalition of independent publishers filed an antitrust complaint with the European Commission, targeting Google’s AI-generated “AI Overviews” that appear at the top of search results. They argue these summaries aggressively reduce traffic to their websites.
Reports suggest 37 out of the top 50 U.S. news outlets have seen traffic dips since the feature’s May 2024 launch, with news-related searches ending without a click to a publisher climbed from 56% in May 2024 to 69% in May 2025 and now want interim measures to halt the feature while the EC investigation proceeds. The UK’s CMA is already reviewing a parallel complaint.
It is a challenge to Alphabet (NASDAQ:GOOG)’s adaptation to the growing use of AI for internet search that is undermining Google’s traditional search engine dominance.
2. Microsoft Corporation (NASDAQ:MSFT)
Number of Hedge Fund Holders: 284
Microsoft Corporation (NASDAQ:MSFT) is one of the stocks that Donald Trump owns. On June 4, 2025, Microsoft announced a new European Security Program (ESP) aimed at strengthening cyber defenses across the continent. The initiative, offered free of charge, is open to all EU and EFTA member states, the UK, and several smaller European nations. It delivers three main capabilities.
First, governments will receive real-time access to AI-powered threat intelligence, focused especially on detecting nation-state actors and ransomware campaigns enhanced by AI. This includes detailed telemetry from Microsoft’s global signals and early-warning alerts.
Second, the program expands Microsoft’s Statutory Automated Disruption (SAD) system, which began operating in April 2025. SAD accelerates the legal and technical processes for taking down malicious infrastructure, such as domains and IP addresses, by coordinating directly with European legal authorities.
Third, ESP deepens Microsoft’s collaboration with law enforcement. Its Digital Crimes Unit is now working more closely with agencies like Europol’s EC3, which recently led a successful takedown of the Lumma Stealer malware network. That operation alone disrupted over 2,300 domains and impacted nearly 400,000 compromised devices in just two months.
1. Amazon.com, Inc. (NASDAQ:AMZN)
Number of Hedge Fund Holders: 328
Amazon.com, Inc. (NASDAQ:AMZN) is one of the stocks that Donald Trump owns. German utility RWE and Amazon have sketched out an unusually symmetrical barter deal that swaps electrons for algorithms. Announced in Paris on 12 June 2025, the framework agreement has RWE funneling clean power from its existing and under‑construction wind‑and‑solar fleet to Amazon’s voracious data‑centre arm, while AWS returns the favour with cloud horsepower, AI tools and data‑analytics expertise.
The numbers are already weighty: Amazon has locked in 1.1 gigawatts (GW) of RWE renewables through seven U.S. power‑purchase agreements, and the partners hint at more PPAs, and possibly joint project development, across Europe. For RWE, the upside isn’t just a long‑dated revenue stream; it’s access to Amazon’s compute muscle for faster energy‑trading models and more accurate wind‑and‑solar forecasting. The utility says migrating critical trading applications to AWS has already shaved 30 percent off end‑of‑day runtimes.
Amazon, meanwhile, gets a clearer path toward its 100 %‑renewable target and a green narrative to soften the optics of its expanding cloud footprint. RWE’s AI Research Lab in Seattle will now work directly with AWS engineers to craft next‑gen forecasting models, tightening the feedback loop between electrons generated in Europe and code executed in the Pacific Northwest.
In short, two giants are trading what the other lacks, one provides kilowatt‑hours, the other petaflops, creating a template for how hyperscalers and utilities might co‑evolve as both electricity demand and AI workloads surge.
While we acknowledge the potential of AMZN to grow, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an AI stock that is more promising than AMZN and that has 100x upside potential, check out our report about this cheapest AI stock.
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