Trump's $100M bond purchases span Netflix, Warner Bros Discovery
What's the story
US President Donald Trump has expanded his investment portfolio by purchasing around $100 million in municipal and corporate bonds. The financial disclosures, released on Thursday and Friday, show that most of Trump's investments were in municipal bonds issued by cities, local school districts, utilities, and hospitals. Among the corporate bonds he acquired are those from major companies such as Boeing, Occidental Petroleum, General Motors (GM), Netflix (NFLX), and Warner Bros Discovery (WBD).
Investment details
Total value from each company is up to $1 million
The financial disclosure also revealed that Trump bought corporate bonds from Netflix and Warner Bros Discovery, with the total value of bonds from each company being up to $1 million. The acquisitions were made shortly after the two companies announced their merger. The first tranche of Netflix bonds was purchased on December 12, with a value between $250,001-$500,000. A second purchase was made on December 16 for the same amount.
Portfolio management
Investment portfolio is independently managed
A White House official clarified that Trump's stock and bond portfolio is independently managed by third-party financial institutions. The official stressed that neither Trump nor his family members have any say in how the portfolio is invested. This comes amid concerns over potential conflicts of interest due to Trump's investments in sectors that could benefit from his policies while in office.
Diverse investments
Bond purchases include those from SiriusXM, Macy's
Along with the bonds from Netflix and Warner Bros Discovery, Trump's December purchases also included corporate bonds from SiriusXM. The disclosure document shows that most of the bonds Trump bought in December were municipal bonds from states and cities across America. However, it also included several corporate bonds from major US companies such as General Motors (GM), Boeing (BA), and Macy's (M).