Trump expands investment portfolio: $100 million bond purchases disclosed; $2 million invested in Netflix, Warner Bros

US President Donald Trump purchased around $100 million in municipal and corporate bonds between mid-November and late December, his latest financial disclosures showed. The investments included up to $2 million in Netflix and Warner Bros Discovery bonds bought shortly after the companies announced their merger.

The disclosures, posted Thursday and Friday, showed that most of Trump’s purchases were municipal bonds issued by cities, local school districts, utilities and hospitals. He also acquired corporate bonds from major companies such as Boeing, Occidental Petroleum and General Motors.


These investments add to Trump’s expanding portfolio while in office, which includes holdings in sectors that could benefit from his policies, prompting questions about potential conflicts of interest.

For instance, Trump said in December that he would have a say in whether Netflix can proceed with its proposed $83 billion acquisition of Warner Bros Discovery, which faces competition from Paramount Skydance. Any deal will require regulatory approval.

A White House official said on Friday that Trump’s stock and bond portfolio is independently managed by third-party financial institutions. The official added that neither Trump nor his family members have the ability to direct, influence or provide input on how the portfolio is invested, according to Reuters.

Like many wealthy individuals, Trump regularly invests in bonds. He had previously disclosed at least $82 million in bond purchases between late August and early October.