U.S. President Donald Trump (도널드 트럼프) made 1,051 individual trades in stocks, bonds and exchange-traded funds in June.

On Aug. 22, blockchain outlet Cryptopolitan reported that Trump bought Berkshire Hathaway shares for the first time during the period and broadly bought and sold shares and ETFs including Coinbase.

The financial disclosure was released on Aug. 22. Under the disclosure system, amounts can be reported in ranges rather than exact figures, putting the total value of transactions at $78.1 million to $263.1 million. Total purchases in June exceeded $49 million, and total sales topped $28.5 million.

The most notable point was the addition of Berkshire Hathaway. Trump bought Berkshire Hathaway on June 18 in a range of $1 million to $5 million. On the same day, he also bought Cintas, Visa and Mastercard in the same dollar range. The trade coincided with a rebound on June 18 after U.S. stocks were shaken on June 17 by uncertainty over Federal Reserve monetary policy.

Large trades continued on June 22. Trump sold the Vanguard Dividend Growth ETF in a range of $5 million to $25 million. On the same day, he bought Fidelity National Information Services and Home Depot, each in a range of $1 million to $5 million. The Fidelity National Information Services purchase was the largest buy in June, but records also showed he later sold part of the holding at another point in the same month.

He also adjusted weightings in ETFs and bonds. In June, Trump bought the iShares U.S. Treasury Bond ETF, the Technology Select Sector SPDR Fund and the iShares GSCI Commodity Dynamic Roll Strategy ETF. He also added municipal bonds. He cut weightings in the Vanguard Short-Term Bond ETF, the Consumer Staples Select Sector SPDR Fund and the Vanguard FTSE Europe ETF.

An unusual aspect of the disclosure was the number of trades. Federal rules require reporting only for securities trades above $1,000, but most of the activity reported this time was concentrated in ranges below $1 million. Still, 25 stock and bond trades made on Trump’s behalf were in a range of $1 million to $5 million.

He repeatedly traded crypto-related Coinbase. From June 12 to 23, when bitcoin was weak, Trump sold $116,003 to $315,000 worth of Coinbase shares. He then reversed course on June 24 and bought $50,001 to $100,000. The disclosure showed Trump took a short-term approach to buying and selling Coinbase.

He also frequently traded defence stocks. Trump bought Palantir Technologies on June 3 in a range of $1,001 to $15,000, then sold $15,001 to $50,000 on June 16 and $500,001 to $1 million on June 18. After the United States and Iran reached a peace agreement on June 14, he bought a small amount of Palantir again on June 23. He bought $100,001 to $250,000 of RTX on June 12, and sold a small amount of Northrop Grumman the same day, then rebought it on June 23 and sold it again a day later.

The timing of the Berkshire Hathaway purchase also drew market attention. Berkshire Hathaway recently said its second-quarter cash holdings fell by several billion dollars. It was the first meaningful decline since early 2022. At the time, there was market speculation that new Chief Executive Greg Abel had begun putting some of Berkshire’s large cash pile to work. After Berkshire Hathaway released details of its stock portfolio as of June 30, some pointed out that the situation had become “less simple.”

The disclosure showed Trump’s June investment activity was closer to active trading than to simple holding. With additions of large-cap stocks such as Berkshire Hathaway, Visa and Mastercard, a Coinbase repurchase and ETF weighting changes occurring at the same time, it showed capital allocation was broadly dispersed across stocks, bonds and digital-asset-related shares.