Trump’s Latest Disclosed Position Changes: Exiting a Longtime U.S. Stock Giant, While Buying into NVIDIA Reductions: 1. Microsoft $MSFT Sold up to $25 million in a single transaction, with only minor repurchases of $100,000–$250,000 three days later—net significant reduction. Despite stable cloud business and AI investments, the portfolio chose to realize partial gains. 2. Amazon $AMZN Sold up to $25 million during the same period, with minimal repurchases of only $10,000–$15,000—clear net reduction. Although Amazon remains a leader in e-commerce and cloud computing, the position was trimmed to lock in profits. 3. Oracle $ORCL Sold $5 million. Despite ongoing benefits from enterprise digitalization in databases and cloud services, the position was reduced to lower exposure. 4. Costco $COST Sold $5 million. The membership-based retail model is highly resilient to economic cycles; this represents a partial profit-taking. 5. Northrop Grumman $NOC Sold $500,000. Defense contractor orders remain stable; the sale coincided with the signing of a related supply chain executive order. 6. SpaceX $SPCX Sold a portion. With both commercial space and government contracts, this was a short-term trading move. Increases: 7. NVIDIA $NVDA Bought $1 million. Strong demand for AI chips, coupled with continued expansion in data center and training compute capacity, makes this a key focus of portfolio rotation. 8. Intuit $INTU Bought $5 million. High user retention for tax software and financial tools for small businesses ensures stable cash flow. 9. Marvell Technology $MRVL Bought $5 million. Benefiting from AI infrastructure growth through data center switches and custom chips, offering significant upside potential. 10. Salesforce $CRM Bought $5 million. The market-leading enterprise CRM platform, with a highly predictable cloud subscription business model. 11. Church & Dwight $CHD Bought $5 million. Mature portfolio of consumer staples brands with strong defensive characteristics. 12. Axon Enterprise $AXON Bought $500,000. Demand for law enforcement and security equipment is closely tied to government contracts, offering high business visibility. 13. Tesla $TSLA Added another $250,000. Electric vehicles and energy storage still hold strong long-term potential; this represents partial position replenishment.