President Donald Trump’s independent third-party money managers executed more than 1,000 trades in June 2026, according to his latest financial disclosure filed with the U.S. Office of Government Ethics.
The disclosure reveals that between $1 million and $5 million was spent purchasing shares of Visa (NYSE: V), Mastercard (NYSE: MA), and Cintas (NASDAQ: CTAS) during the month.
The White House has stated that Trump and his family play no role in executing these trades, which are handled entirely by independent managers.
Trump’s investment team placed approximately 21,000 trades on the president’s behalf in 2025, a volume that dwarfs the activity of even Wall Street’s most active billionaire money managers.
Visa and Mastercard have been among the most consistent buy-and-hold investments since the financial crisis, returning 1,810% and 2,380% respectively, including dividends, since the start of 2010.
Those gains reflect the companies’ positions as the United States’ No. 1 and No. 2 payment processors by credit card network purchase volume, with no rivals coming particularly close to threatening their dominance.
A key differentiator for both companies is their deliberate decision to stay out of lending, unlike peers such as American Express (NYSE: AXP), which operates both as a payment network and a lender through credit cards.
Because Visa and Mastercard are not required to set aside capital to cover potential loan delinquencies during downturns, both companies tend to recover from recessions considerably faster than many of their competitors.
Cintas (NASDAQ: CTAS), the corporate identity uniform and business services provider, stands out as perhaps the more surprising inclusion among Trump’s largest June purchases, with shares having surged more than 85,000% since its August 1983 initial public offering including dividends.
The company’s fortunes are closely tied to the health of the broader U.S. economy, as business growth and job creation directly drive demand for uniforms, towels, mats, safety products, and related services.
Cintas’s extraordinary long-term performance also reflects management’s appetite for strategic acquisitions over the decades, most of which have been bolt-on deals designed to enhance existing operations or expand into new product niches.
The company announced in March a cash and stock acquisition of UniFirst (NYSE: UNF) for $5.5 billion, a deal widely seen as a potential game changer for the business.
If regulators approve the combination, which is set to close later this year, Cintas would expand its reach to approximately 1.5 million businesses across North America while also generating substantial cost synergies.
Together, the three purchases signal continued confidence from Trump’s investment team in financially durable, large-cap companies with proven competitive advantages and long track records of shareholder value creation.
