Donald Trump Owns These 7 Stocks, Should You?

In addition to being the President of the United States, Donald Trump is one of the nation's most well-known billionaires. Much of his wealth is tied to real estate ventures bearing his name.

While he may not be personally trading stocks day to day, Trump’s 2024 financial disclosure report provides a window into his investment strategy and portfolio—and it's one that many investors might find surprisingly relatable.

If you look at Trump’s stock positions that are over $15,000, you'll find a mix of blue-chip dividend payers, high-potential growth names, and even a few artificial intelligence (AI) plays. With the exception of Trump Media & Technology Group Corp. (NASDAQ: DJT), the portfolio is more practical than flashy—rooted in fundamentals rather than speculation. In fact, some might even consider it boring.  

The takeaway for retail investors is that there's something to be said for a portfolio that strikes a balance between growth potential and steady income. In this special presentation, we're highlighting seven stocks in Donald Trump's portfolio that any investor could consider adding to their watchlist.

Donald Trump’s affection for the oil and gas industry, so it’s no surprise that two of his core stock holdings are Chevron Corp. (NYSE: CVX) and ExxonMobil Corp. (NYSE: XOM).

Chevron is the world’s seventh-largest integrated energy company, and it's global footprint includes a major presence in the highly productive Permian Basin. One of the biggest stories surrounding Chevron right now is its proposed merger with Hess Corp. (NYSE: HES). While the deal has been delayed due to arbitration with ExxonMobil over rights to a key Hess asset, many industry insiders still expect the merger to go through. And while Chevron doesn’t lack free cash flow, the merger with Hess will accelerate its growth.  

That means investors should not be concerned about the company’s dividend. Chevron is a Dividend Aristocrat with a 38-year history of increasing its dividend. And it’s been increasing that dividend at an annualized three-year growth rate of 7.08%. 

Lockheed Martin Corp. (NYSE: LMT) is a natural fit in Trump’s portfolio, aligning closely with his “peace through strength” philosophy—a doctrine shared by several past presidents.

As one of the world’s largest defense contractors, Lockheed Martin plays a central role in U.S. national security. The company receives approximately 10% of the Pentagon’s entire budget, and roughly 75% of its total revenue comes from defense contracts. 

Contrary to analysts’ expectations, the March 2025 continuing resolution (CR) passed by Congress included an increase in defense spending. And even though modern warfare is evolving rapidly, Lockheed will still have a place at the table with its expertise in AI and cybersecurity.

This should give investors confidence that Lockheed can continue delivering strong total returns—averaging about 19% annually over the past decade—while also generating the cash flow needed to maintain and grow its dividend, which has been increased for 22 consecutive years.

Trying to time the market is never a good strategy, but market trends can offer investors clues about when the economy could shift. And the next two stocks in Donald Trump’s portfolio are well-positioned to benefit from the early stages of an economic recovery. 

First up is Caterpillar Inc. (NYSE: CAT), best known as a global leader in heavy equipment manufacturing, which has performed well since September 2022, shortly after Congress passed the Infrastructure Investment and Jobs Act.

Two factors are creating long-term demand for Caterpillar’s equipment: Upgrading America's physical infrastructure will take years (if not decades), and more companies are committing to onshoring manufacturing in the United States. Because of this, many investors see Caterpillar as both a symbol and a driver of economic growth. Even if they have to wait for CAT stock to run higher, they have the security of Caterpillar's dividend—which the company has increased for 30 consecutive years, with an impressive three-year annualized growth rate of 8.25%.

Next up is Union Pacific Corp. (NYSE: UNP), one of the nation's leading transportation and logistics companies. As a major railroad operator, Union Pacific moves a wide range of goods—from agricultural products to industrial materials—which not only diversifies its revenue but also broadens its geographic footprint, both key to maintaining its competitive edge.

Of equal importance for investors is the company's balance sheet. Union Pacific consistently maintains a healthy cash position between $1 billion and $3 billion. That financial strength supports its dependable dividend, which has grown at a 7.17% annualized rate over the past three years.

That cash flow can also help mitigate any impact from the Trump administration's tariff policy, which could impact railroad stocks. However, in its January 2025 earnings report, the company reaffirmed it is on track to achieve its long-term goals of high single-digit to low double-digit earnings per share (EPS) growth through 2027.  

Union Pacific stock hasn't been immune to the economy's ups and downs. Over the past three years, UNP stock has posted a negative total return of 7.3%. However, in the last year, the total return became positive, which may signal better days to come.  

You can see where the income in Donald Trump’s portfolio is coming from, but what about the growth? That's where one of Trump’s largest holdings, NVIDIA Corp. (NASDAQ: NVDA), comes in.

According to his 2024 financial disclosure report, Trump owns between $500,000 and $1 million worth of NVDA stock. While there’s no indication of when or for how long he’s owned the stock, the position size suggests a belief in the AI story fueling NVIDIA’s strong growth.  

The continued growth of AI will be the make-or-break catalyst for NVDA stock. And in the next 12 months, it could be a tough stock to hold. As of early 2025, short-term traders have their hooks in the stock which is down over 17% for the year. 

That can make it difficult to look at the bigger picture. But, if you’re a long-term investor, that’s the only view that matters. And with market share leads in almost every area in which it does business—GPUs, data centers, and AI infrastructure—NVIDIA is still likely to be a solid choice for risk-tolerant growth investors.

Another beaten-down stock in Trump’s portfolio is Tesla Inc. (NASDAQ: TSLA). According to the FDR, Trump owns between $50,000 and $100,000 in TSLA stock. Remember: this information was released before Elon became publicly associated with Trump’s campaign.

At first glance, a Tesla investment might seem at odds with Trump’s skepticism toward electric vehicles (EVs). But reducing Tesla to just a car company misses the bigger picture—especially with Elon Musk at the helm.

The reality is that Tesla’s true growth potential lies beyond EVs. Its advancements in autonomous driving, powered by artificial intelligence, could be transformative. Considering that Trump owns a piece of many Magnificent 7 stocks, it’s easy to assume that he doesn't think the tech sector is a bubble.

And when you look at TSLA stock through that broader prism, it seems like a significant value at its current price. As a playground for traders, the stock will experience some volatility in both the short and long term. But for investors who can stomach the swings, Tesla offers exposure to multiple disruptive technologies and a chance to ride one of the most ambitious innovation stories of the decade.

Depending on your point of view, one of the funnier (or more horrifying) moments of Trump’s first term was when he served McDonald’s to college athletes visiting the White House to celebrate their national championship. Love it or hate it, that moment reflects Trump’s genuine affection for the brand—so it shouldn't surprise investors that McDonald’s Corp. (NYSE: MCD) is one of his larger stock holdings. 

In fact, Trump's love of McDonald’s mirrors Warren Buffett's love of Coca-Cola. Both men are loyal fans of the product and the stocks.

At a time when consumer discretionary spending is under pressure, McDonald’s is making a push to reclaim its title as a value brand. And it seems to be working. The company’s $5 Meal Deal has been a hit with customers, and MCD stock has delivered a total return of over 11% in the last 12 months and is up over 8% in 2025, outpacing the broader market. 

McDonald’s is also one of the best dividend stocks to own, with 49 consecutive years of dividend growth and an annualized three-year growth of 8.17%. For investors seeking steady income and defensive strength, MCD offers both—along with a brand that even billionaires seem to love.